Varadkar May Lose Irish Election, Odds Signal

(Bloomberg) --

Irish Prime Minister Leo Varadkar may lose next month’s election, betting odds indicate.

Micheal Martin, who leads the biggest opposition party, Fianna Fail, has a 60% of leading the nation after the Feb. 8 election, odds from Paddy Power signal. Varadkar has a 47% shot of returning to power after the ballot, called today.

Analysts and traders study bookmakers’ odds to help predict the outcome of market-moving events, though their reliability was dealt a blow in the 2016 referendum on the U.K.’s membership of the European Union.

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Varadkar has a 47% shot of returning to power after the ballot.

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