In a horse race, punters tend to spread bets across horses with no bias or favouritism - they place the bet because they want to make money, not because they are invested in the outcome.
In a political race, people bet for one team because they are ideologically aligned and want to show support.
If Republicans are much more likely than Democrats to gamble and place bets on their candidate, this creates market pressure and the odds for a Republican win will increase (I.e. get more likely) as a result of that.
Exactly.
In a horse race, punters tend to spread bets across horses with no bias or favouritism - they place the bet because they want to make money, not because they are invested in the outcome.
In a political race, people bet for one team because they are ideologically aligned and want to show support.
If Republicans are much more likely than Democrats to gamble and place bets on their candidate, this creates market pressure and the odds for a Republican win will increase (I.e. get more likely) as a result of that.
How long have you been trading?