TORONTO, Sept. 16, 2021 /PRNewswire/ -- With less than a week until the 2021 Canadian Federal Election, betting markets indicate that the outcome of the race is now too close to call.
- Their odds of -120 demonstrate that each party's implied probability of winning the election is 54.64%*, while a bettor would need to stake $120 in order to win a profit of $100.
- This election comes in the wake of single-game wagering, which was legalized after Bill C-218 was passed into Canadian law, launching at the end August.
- *The total implied probability is greater than 100% as a result of the margins inserted by sportsbooks to ensure profitability.
- Based in Halifax, Nova Scotia, Covers.com is the go-to source for sports betting information in North America.