In the wake of Donald Trump’s blowout victory amid the bright lights of the Las Vegas strip, the money has been piling on the billionaire businessman from New York to sweep all aside on the way to a coronation at the Republican convention. But just how smart is this money?
After all, Trump was also favourite to win the Iowa caucuses, not only in the betting markets but also in the polls and the pundits’ conventional wisdom. In the event, he lost Iowa to Ted Cruz, the arch-conservative senator from Texas. Continue reading