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I think in some way you have to accept that betting does influence an outcome. To what extent or in which direction is far harder to determine.
I only bet on things where there seems to be an emotional or other bias in the market. It happens a lot with home fighting boxers, a UK fighter in a UK betting market will be better value than a foreign fighter.
Maybe, I can see that backing him might be stretching one's principles.
In my case, I'm pretty comfortable with the fact that I don't support him at all. I can't see a way that doing so would influence the outcome either, so I'm ok with it.