People are betting on everything these days in Ontario — and apparently that includes betting on who will be the next mayor in Toronto. FanDuel Sportsbook Ontario has been running a betting pool on the Toronto mayoral by-election. If you’re planning on getting in on the gambling action ahead of the June 26 vote, now is your chance: and we’ve calculated how much you could win depending on which candidate you bet on (and who actually takes the crown).
Days away from the election, the odds seem to be in Olivia Chow‘s favour — at least in the opinion of the betting world. FanDuel is running three different pools in the by-election market, the main one being one where you can bet on any of the 15 leading candidates. But there are also two other pools: betting on Chow versus “the field” (referring to anyone who isn’t Chow), and betting on who will receive the most votes in the election, excluding Chow from the results.
In the gambling world, the less likely something is to happen, the more you could win by betting on it. With odds of -667 (or 87 per cent), betting $1,000 on Chow would win you just $149.93 if she is voted in. Trailing behind in second place is Mark Saunders with odds of +1100 (equal to 8.3 per cent), which means betting $1,000 on him would win you $11,000 if he becomes mayor. Ana Bailão‘s betting odds are +1400 (6.7 per cent), which would win you $14,000 if you bet $1,000 if she is voted in.
Thinking of betting before the window closes? Here’s the full breakdown of what you you stand to win if you bet $1,000 on each of the top 15 mayoral candidates (and they actually end up winning):
Olivia Chow: Betting odds -667, $149.93 profit
Mark Saunders: Odds +1100, $11,000 profit
Ana Bailão: Odds +1400, $14,000 profit
Mitzie Hunter: Odds +1600, $16,000 profit
Brad Bradford: Odds +2000, $20,000 profit
Josh Matlow: Odds +2000, $20,000 profit
Chloe Brown: Odds +2300, $23,000 profit
Celina Caesar-Chavannes: Odds +2700, $27,000 profit
Giorgio Mammoliti: Odds +2700, $27,000 profit
Anthony Furey: Odds +3300, $33,000 profit
Edward Gong: Odds +3300, $33,000 profit
Blake Acton: Odds +4000, $40,000 profit
Frank D’Angelo: Odds +4000, $40,000 profit
Mark LeLiever: Odds +4000, $40,000 profit
Kevin Clarke: Odds +5000, $50,000 profit
Originally posted 2023-06-23 18:24:08.