Mark Zuckerberg insists that he has no plans to run for the presidency. The bookies, however, aren’t convinced. On Irish gambling site Paddy Power, he’s given pretty generous odds not only of him clinching the Democratic nomination (12:1, meaning if you bet $1, you’ll get $13 back), but also of winning the ultimate prize.
With 20/1 odds, Paddy Power thinks that a Zuckerberg presidency is equally as likely as Bernie Sanders winning the 2020 election, and more likely than Ted Cruz winning (who has 33/1 odds). That’s pretty remarkable, considering both Sanders and Cruz were runners-up for their respective parties’ nominations in the 2016 general election.
So, why does Zuckerberg have such favorable odds? I spoke to Lee Price, head of PR for Paddy Power, earlier this morning, who explained that betting markets respond to demand. If the company sees a flurry of bets for a particular thing, the odds on that will shorten considerably.
“First and foremost, the reason…
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