Why doesn't Ron Paul speak the truth re: the bias against him

[Borodog]

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So....why wouldn't another book offer 10-1 and steal all the action? And then another one could offer 25-1, and still get all the action. And they could just keep doing this until it gets close enough to the true line to make it not worth their while. Why are they settling at or around 7-1? All the oddsmakers are colluding against the moronic gambling public?

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Well, sure they could do it, but they haven't. You saw how the tradesports line is at 35-1 (I think there's still some value in selling that but its close), and yet, the odds lines are still at 7-1. This is a classic example of a market inefficiency: people don't necessarily shop around, even when they can do it easily on the internet. They listen to the Ron Paul fanboys on the internet, decide they want to bet on him, go to the first site they see and place their bets. 7-1 for Ron Paul is a sucker bet, plain and simple.

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If somebody else is offering 35:1, LDO.

Calling this a "market inefficiency" is silly, however. People that invest the time and effort to do more research deserve to get better deals. That's not inefficiency, it's meritocracy.