Why British (or Irish) bookies? Please do correct me if I'm wrong, but they're the only ones taking any size action. Unlike in 2016, U.S. bookies all seem to max out their election bets at just $500 to $1,000.
Amen brother. On the practicality level, here is the #1 reason why G.W. Bush got reelected: 1. The administrator of the Tennessee Republican ran voting server is bigger than the whole Ohio voting public. So don't count out real life. "The problem with theories that they don't always work in practice."