Ron Paul: Odds
slashed drastically
Due to heavy action, the odds
on Ron Paul of becoming the next U.S. President have been
shortened to 6/1.
As predicted in our Republican presidential debate review
earlier this week (see links below), the odds on the GOP
candidates are showing some movement. And the biggest winner so
far turns out to be Dr. Ron Paul with odds on winning the 2008
Elections drastically slashed even before the CNN/YouTube debate
had even started yet. Ron Paul was listed with odds on becoming
the next President at 18/1 at the online betting company
Bodog Sports, but now Paul
could be found among the top dogs with odds cut down to the
astonishing 6/1. Heavy betting action by Ron Paul supporters and
the recent attention by the media he's been enjoying are to
blame for the odds-shocker.
Ron Paul's odds to be named as the
Republican candidate for the 2008 U.S. Presidential Election
have also been slashed down to 5/2 at Bodog, making him the
second in the race by odds, following Rudy Giuliani with odds
20/21. Shady sports betting outfits have given Ron Paul short
odds for quite some time, in order to gain popularity among the
thousands of Internet-savvy Ron Paul supporters, but now a
legible bookmaker such as
Bodog Sports is cutting the
odds, which means one thing - Ron Paul fans are betting and they
are betting heavy. Considering that the maximum wager on
"exotic" odds is usually $50, the 6/1 offered now on Ron Paul
(down from 18/1) is a clear indication of the enormous number of
bets placed on the GOP candidate. Although betting odds move not
on the actual chances of an event to happen, but on how many
people bet on that event to happen (or not), cutting down the
odds does mean that more people are placing bets on Ron Paul
than they did before, i.e. Ron Paul is getting more popular
among the political bettors.
Published on
11/28/2007
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