What the Betting Odds Tell Us About the Midterms

Charlie Cook: “According to the PredictIt betting odds, there is an 84 percent chance that Republicans will capture the House in November, a 77 percent chance that the GOP wins a Senate majority, and a 72 percent chance that Republicans end up controlling both.”

“Generally speaking, I am not a big fan of the betting markets as indicators, and there are at least a dozen experts who follow congressional elections for a living whose opinion I would value more. But as a way of quantifying the conventional wisdom, the odds are helpful. At least at this point, all three sound more or less right to me, acknowledging that there are seven months between now and the midterm election.”