Showing posts with label Presidential Odds. Show all posts
Showing posts with label Presidential Odds. Show all posts

Thursday, October 09, 2008

Presidential Odds

Holy crap! Really bad news for John McCain - he's become a huge underdog against Barack Obama instead of pulling closer. The betting odds now stand at:

John McCain +$350
Barack Obama -$500

Meaning - you would win $350 on a $100 bet on McCain or you could risk $500 to win just $100 on Obama. This is a giant difference in odds from just over a week ago when McCain was +$155 and Obama was -$190.

To put this in perspective - Barack being at -$500 is akin to being an 12 point favorite in college football. An 12 point favorite playing AT HOME! Think Georgia vs. Tennessee this weekend with McCain being Tennessee and Obama being Georgia. Yikes!

If you are a McCain supporter you can take heart in thinking of the New York Giants who beat the similarly favored New England Patriots in last year's Super Bowl.

Saturday, September 13, 2008

Presidential Odds

Just an update on the only poll I think worth paying attention to - the betting odds on the Presidential race is now:

John McCain +$110
Barack Obama -$150

That means you would bet $100 to win $110 on McCain but have to risk $150 to win just $100 on Obama. As I keep saying - the race is drawing even and soon McCain will be the betting favorite. Obama may have pulled out to a large early lead but as the bookies say - "We don't pay for halftime leads."

Remember that for betting purposes -$120 is dead even (with the house getting the extra $20 as vig).

Odds via Bodog.com

Wednesday, September 10, 2008

Presidential Odds

The odds on the US Presidential election have changed. At the time of the RNC - it was:

Barack Obama -$200
John McCain +$140

Meaning you would have to risk $200 on Barack Obama to win $100 or risk just $100 on John McCain to win $140.

Today those odds are:

Barack Obama -$160
John McCain +$120

That means that you would have to risk $160 to win $100 on Obama or risk just $100 to win $120 on McCain. It should be noted that -$120 is even money (the "house" takes $20 as vig). That means that the race for President is inching closer to a dead heat in the only poll I think is worth keeping an eye on.

I fully expect to race to draw even and then have McCain as the favorite sometime within a month.

Odds via Bodog.com

Sunday, August 24, 2008

Presidential Odds

Here are the current (8/24/08) odds on who will win this year's Presidential election.

Barack Obama -$200
John McCain +$140

That means you would have to risk $200 to win $100 on Obama or risk $100 to win $140 on McCain.

I think you need to jump at those odds on McCain as I see the betting getting to even money fairly soon.

Odds via Bodog.com