WHAT ARE THE ODDS?
There’s a wagering opportunity inspired by the Acosta matter. “Will Jim Acosta get his White House press pass back before 2019?” asks Bovada, an online betting concern which covers sports, horse racing, poker and other casino games.
Their initial odds for Mr. Acosta favored not getting his credentials back: The “Yes” odds were +150 (3/2) and the odds for “no,” that the press pass will not be returned, started at -200 (1/2).
But things change.
“As of now, the money is being heavily on ‘Yes’ for Acosta to have his credentials reinstated,” Bovada head oddsmaker Pat Morrow tells Inside the Beltway.
His group had also posted odds on the midterm election and the selection of a new U.S. attorney general this week.
“While wagers like these usually don’t garner the same kind of heavy wagering as traditional sports betting, the U.S. midterms stood side by side with the NBA, NHL and college football on Tuesday. The early betting handle on the Acosta line, and the new Attorney General is a bit lighter as, admittedly, there’s much more uncertainty in these kind of betting markets,” Mr. Morrow says.