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In a week, the presumed favorite for Virginia’s pivotal gubernatorial election Tuesday has lost that position.
SportsBetting.ag, a website that offers political wagering, listed Terry McAuliffe as a -300 favorite on October 24 (Republicans had +240 odds at that time and as high as +850 two months ago). However, a windfall of bets on Republican underdog Glenn Youngkin has even the odds as of Monday.
VIRGINIA GOVERNOR
Terry McAuliffe -120
Glenn Youngkin -120
The above odds essentially equate to a “tossup” in gambling speak. SportsBetting.ag political analyst Paul Krishnamurty believes McAuliffe will ultimately win.
Krishnamurty points to the 2017 election, in which then-candidate Northam held a 3.3 percent polling lead, but went on to win by nearly nine percent.
That said, the odds for margin of victory have dropped from 5% to 1%.
In the New Jersey Governor race,
NEW JERSEY GOVERNOR
Phil Murphy -3300
Jack Ciattarelli +900
The over/under odds for margin of victory is 10%.
The New York City Mayor race appears to be a forgone conclusion. Krishnamurty said, “Adams was surprisingly weak in the betting markets all year.”
NEW YORK CITY MAYOR
Eric Adams -10000
Curtis Silwa +3300
The over/under odds for margin of victory is 44.5%.
In Seattle, Bruce Harrell has improved his position, according to the odds and bettors, as his odds have gone from -600 on Friday to -800 currently.
SEATTLE MAYOR
Bruce Harrell -800
Lorena Gonzalez +425
“Gonzalez was the odds-on favorite at one stage, but we’ve seen steady support for Harrell since it became a runoff. However, we’re still seeing money for both sides.”
BOSTON MAYOR
Michelle Wu -10000
Annissa Essaibi George +2000
BUFFALO MAYOR
Byron Brown -900
India Walton +500
“This has been a surprisingly popular betting heat, with the odds flipping. Brown is a four-term incumbent, but he is running as a write-in candidate after Walton won the Democrat primary. She was the favorite until the final week, but we’ve since seen a steady stream of bets for Brown.”
ATLANTA MAYOR
Felicia Moore -300
Kasim Reed +200
Andre Dickens +1600
“Reed, a former Mayor, was hot favorite to replace Keisha Lance Bottoms, but the betting momentum has moved strongly to Moore.”
