The 2022 presidential race in Brazil is still boiling and betting sites are already showing who is the favorite in the race. This is what happens with Bet365, which has Lula's victory as the most likely result, followed by Jair Bolsonaro, Sergio Moro and Ciro Gomes.
Other names such as Eduardo Leite (PSDB), Datena, Mandetta, Rodrigo Pacheco (DEM), Simone Tebet (MDB) and Alessandro Vieira (Cidadania) appear as the candidates with almost no chancesfor the next elections, with odds ranging from 19.00 to 151.00.
A Sergio Moro win would yield thirteen times the stake, while Ciro Gomes would pay 15 times as much.
How do odds work?
In the world of sports betting, the greater the chance of winning a team or athlete, the lower the value of an odd.
Using the bet for the 2022 elections as an example, Lula appears as the big favorite in the dispute – according to the betting company – and that is why he is the bet that would pay the least in case of victory. Those who bet on the PT candidate will have their money multiplied by 1.57
Alessandro Vieira (Cidadania), on the other hand, is the candidate with the least chance of winning for the bank and, consequently, the big underdog in the dispute. In case the senator wins, bettors could multiply their bet amount up to 151.00.
Source: Metrópoles
