Wednesday, October 17, 2012

If You Are Betting On The Presidential Election, Here Are The Odds

From the LVRJ: The line on the U.S. presidential election has shifted again.
Following Tuesday's debate between President Barack Obama and Republican candidate Mitt Romney, William Hill Plc, a British bookmaker with about 2,350 shops in the United Kingdom, adjusted the odds overseas on the election.
President Obama's improved performance from the first debate resulted in him going from a 4-9 favorite to a 2-5 favorite Wednesday. Meanwhile, Romney bumped from a 7-4 underdog to an even 2-1 to win the Nov. 6 election.
"The consensus of opinion seems to be that Barack Obama may not have won the second debate against Mitt Romney, but neither did he lose it, and punters have taken that as a signal to back him again after a couple of weeks during which momentum had swung towards the challenger," William Hill spokesman Graham Sharpe said in a statement Wednesday.
A reminder for local gamblers - you can't place a wager at any of William Hill's 159 sports books or kiosks in Nevada. The bookmaker did not seek regulatory approval to post odds and take bets in the 2012 U.S. election.  http://www.lvrj.com/business/william-hill-sets-obama-s-re-election-odds-at-2-5-romney-now-2-1-174667901.html
So, according to the bookmaker, the odds favor Obama.
However, this really means nothing.  All it means that in England, more people are putting their money on Obama rather than Romney.  If, all of a sudden, people start putting money on Romney, the odds will start favoring him.
But it is interesting what the English people, who are mostly liberal, think of our election.

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