CLEAN : Gamblers bet thousands on next French president

The video discusses the dynamics of betting odds in political contexts, highlighting the favorites in an election and the significant increase in betting turnover compared to previous years. It explores how political events like Brexit and the American election have influenced betting patterns. The video also delves into betting strategies, such as betting against personal preferences, and how odds reflect potential outcomes.

What theory about betting behavior does the speaker mention?

In what way does the speaker suggest people's betting patterns reflect their preferences?