Presidential Election Odds

I meant to note this yesterday but the odds on the Presidential election have changed (albeit only slightly). The new odds are Bush -$205 and Kerry +$155. This means that you would have to risk $205 to win $100 on Bush but only have to risk $100 to win $155 on Kerry. (On Tuesday the odds were Bush -$200 and Kerry +$150.)

The bookies want this to be close so that they get an equal amount bet on each side - so they make their money on the vigorish. The Kerry campaign imploding has the potential to cause the bookies to take this bet off the board.

Get in now - unless Bush and Cheney sacrifice a live baby and eat the entrails during the debates then they easily get re-elected.

If you bet $12,000 on Bush back when they were even (-$120 each - right after the DNC) and then bet $8,000 on Kerry today (+$155) - then you would be guaranteed at least $2,000 if Bush won or $40 if Kerry wins on November 3rd. No risk, playing the middle bets are what it's all about.