Presidential Odds

Even though I thought for sure that Bush won the debate Friday night - the odds continue to slide into close to a dead heat.

The odds have dropped from Bush -$170 and Kerry +$140 (meaning you would have to risk $170 to win $100 on Bush or risk just $100 to win $140 on Kerry) on Friday to Bush -$160 and Kerry +$130 on Saturday. Today (Sunday) the line had dropped again. The current line is Bush -$150 and Kerry +$120.

Please note that -$120 is considered even money (the $20 goes to the house as "vig"). The last time the betting line was at "even" was right after the DNC in Boston.

To give some perspective to the odds on the Presidential race consider that the NFL game between the Tennessee Titans and Green Bay Packers has a similar line (Titans -$160 to Packers +$140) but the point spread is just 3 points (Tennessee is giving Green Bay 3). In football terms - Bush is favored by less than a field goal over Kerry on November 2nd.