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Bookmakers: Barack Obama already favorite for re-election

Bookmakers: Barack Obama already favorite for re-election Still only a President-elect, Barack Obama is already the favorite to win the 2012 U.S. Presidential Elections, as well, according to online sportsbooks on the other side of the Pond. The European online sportsbook SportingBet (official website) has already posted the odds on the 2012 U.S. Elections and Barack Obama has been listed as the ultimate favorite to win the second term. The soon-to-be President is sitting on 13/20 favorite odds to stay in the Oval Office for an extra 4-year period.

 But a small competition is coming from the GOP VP candidate Sarah Palin, along with another GOP contender - Mitt Romney. Both Palin and Romney are listed with odds 10/1 on winning the 2012 presidential bid, second best odds after Barack Obama. The EU bookmaker has also listed Jeb Bush with odds 16/1,  same as the odds on the current Republican governor of Louisiana, Piyush "Bobby" Jindal. Condoleezza Rice is pitching a bid with odds 20/1 on becoming the second African-American president and the first woman in charge of the U.S., beating Hillary Clinton, who is listed with long odds 25/1. The underdog of the 2012 U.S. presidential election is John McCain who will pay out 100 for every 1 wagered on him. It should be noted that the online sportsbook SpotingBet does not allow U.S. residents to place wagers.

 Published on 12/17/2008

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