Obama beats McCain in July money, betting odds lengthened

Obama beats McCain in July money, betting odds lengthened The battle between presidential candidates Barack Obama and John McCain to win the people's votes in November is in full force. From the donation numbers released by both campaigns this week one thing is apparent - John McCain, the GOP candidate, has a lot of catching up to do in this department. The figures made public by the McCain campaign, which took in $27 million last month, came nowhere close to the numbers released by the Obama camp this week - $51 million in the month of July. According to the Obama campaign, the Democratic presidential candidate drew in over 65,000 new donors last month and said it had $65.8 million on hand. Meanwhile McCain had $21.4 million in cash at the end of July.

But despite the big difference in monetary support, the betting odds on who is going to be the next USA President have shifted in a whole new direction. According to the latest presidential odds released by the online sportsbook Bodog, Barack Obama is the favorite to win the November Elections with odds -220, which is a bit longer than last month's -240. Meanwhile the odds on John McCain to become the next President have been shortened to +160, down from the last month's +175. According to the sportsbook, their presidential odds are likely to continue changing in the same direction as the Election Day approaches.

Published on 08/16/2008