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Betting analysts Covers.com demonstrate how Trudeau's grip on the 2021 Canadian election has loosened
At time of writing, Covers.com can report that one bookmaker is listing identical prices on the Conservatives and the Liberals to secure the most seats in the House of Commons.
Their odds of -120 demonstrate that each party's implied probability of winning the election is 54.64%*, while a bettor would need to stake $120 in order to win a profit of $100 .
This is in stark contrast to the state of the market when it opened a month ago; on August 16 , Trudeau's Liberals were overwhelming favourites to secure another term, with their then-odds of -1,044 indicative of a commanding 91.26% chance of victory.
Rohit Ponnaiya , Political Betting Analyst at Covers, said, "
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This election comes in the wake of single-game wagering, which was legalized after Bill C-218 was passed into Canadian law, launching at the end August. Betting on politics, however, remains a complicated proposition for citizens.
*The total implied probability is greater than 100% as a result of the margins inserted by sportsbooks to ensure profitability.
: https://www.covers.com/politics/canada-election-odds
Based in Halifax, Nova Scotia , Covers.com is the go-to source for sports betting information in North America . Trusted by 20 million users a year, the company has been going strong since 1995, building a team of experienced leaders and forging an integrity-led brand in an industry where that's not always the norm.
A global heavyweight with big ambitions and a shared commitment to people and culture, Covers has already doubled in size and is still expanding, bringing our expertise to more users than ever before.
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