So with Obama moving ahead or gaining traction all over the United States, I was interested to see where the bookies currently stand. And well, with just 26 days left until the election, Obama is now a 1-4 favorite to win the presidency. If you’re not familiar with spreads this means that you have to bet $4 on Obama to win $1 (also your $4 back if he wins of course).
McCain’s odds now stand at 5-2. Meaning you can bet $2 to win $5 (plus your $2 back if he wins). This is a commanding lead for Obama because since the house always wins, these odds are scewed to pay out even less. Obama’s 1-4 odds basically say that he has a 75% chance of winning the election, which really means he has about an 80% chance of winning.
And let me assure you, Vegas is not “in the tank” for Obama. The only party they worship is the green party.
photo credit: flickr