Online Gambling Site Puts Up Odds for Mayoral Race - The Reykjavik Grapevine

Online Gambling Site Puts Up Odds for Mayoral Race

Published May 24, 2010

The online gambling site Betsson has started posting odds for the upcoming mayoral race, and The Best Party – currently projected to win a clear majority in Reykjavík city hall – is not the surest game, the site contends.
As reported, a recent poll, conducted by the newspaper Fréttablaðið and television station Stöð 2, show the Best Party currently polling at 42% – enough support to win eight of Reykjavík City Council’s 15 seats, eliminating the necessity for them to form a coalition with any other party. Last week, the Best Party was polling with 36% support, which was enough to equal six seats.
By contrast, the Independence Party is now reported to be polling low enough to gain only three seats, while the Social Democrats are polling with enough support to win three seats, and the Leftist-Greens are projected to win one. The Progressives will then lose their seat, and no other party running will gain one.
However, the online gambling site Betsson does not see The Best Party as the projected winner. They contend that it is unlikely that the Best Party will win more than 35% support, but that they would probably succeed in getting 15% to 20%. Betsson’s projected winners are the Independence Party and the Social Democrats. The odds are actually 6 to 1 against Jón Gnarr being the next mayor of Reykjavík.
Keep in mind that this is also the same site who put the smart money on the president of Iceland signing the Icesave law last March.

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