Presidential Odds

President Bush remains the favorite to be re-elected but the odds are shrinking. Currently the line stands at 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). Please note that -$120 is considered even money (the $20 goes to the house as "vig").

The change in the betting line is clearly due to the performance of both candidates at the first Presidential Debate.

Prior to the debate Bush was an overwhelming favorite - -$250 for Bush and +$200 for Kerry. The day after the debate the line dropped to Bush -$195 and Kerry +$165.

It will be interesting to see what happens to the betting line after tonight's debate.