Obama 2-9 Favorite To Win Election: Bookie

From the LVRJ: After a customer placed a $47,000 wager in a Manchester, England, sports book on President Barack Obama to win re-election Tuesday, William Hill was forced to update its odds overseas on the U.S. presidential election.
The updated odds were released Monday as both President Obama and his Republican challenger, Mitt Romney, spent their final day on the campaign trail before Election Day. William Hill has shorted Obama's odds to 2-9, with Romney now at 10-3.
Following their final debate in October, the bookmaker trimmed Obama's odds from 4-9 to 2-5, while Romney was shifted from 7-2 to 15-8.
"With the race to the White House entering the final furlong, political punters appear to believe Obama is beginning to pull clear," said William Hill spokesman Graham Sharpe.
Sharpe said there are still some gamblers who think Romney could "snatch victory on the line," with one of the British bookmaker's London-based clients putting $39,000 on the Republican challenger.
"Our turnover on the election is into seven figures for the first time, and up to ($15.97 million) will be riding on the outcome industrywide," Sharpe said.  http://www.lvrj.com/business/william-hill-makes-obama-a-2-9-favorite-to-win-election-177322641.html
All this means is that the bettors in jolly old England are putting more money on Obama than Romney.  That's all this means.  If more money was being put on Romney, then Romney would be the favorite in England.
And just remember, England still has a queen and monarchy system, so it's not like they are used to voting for a president or anything like that.