Tuesday, May 10, 2005

The Biggest Story of Our Lives

Jim Lampley rightly comments, "

At 5:00 p.m. Eastern time on Election Day, I checked the sportsbook odds in Las Vegas and via the offshore bookmakers to see the odds as of that moment on the Presidential election. John Kerry was a two-to-one favorite. You can look it up.

People who have lived in the sports world as I have, bettors in particular, have a feel for what I am about to say about this: these people are extremely scientific in their assessments. These people understand which information to trust and which indicators to consult in determining where to place a dividing line to influence bets, and they are not in the business of being completely wrong. Oddsmakers consulted exit polling and knew what it meant and acknowledged in their oddsmaking at that moment that John Kerry was winning the election."

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