Virginia Gov. Jim Gilmore pulls out of the Presidential Race

On Saturday, the Republican and Virginia Gov. Jim Gilmore announced that he is dropping out of the 2008 Presidential Elections chase.

Virginia Gov. Jim Gilmore pulls out of the Presidential Race The crowded Republican presidential race is now down by one, after on Saturday the Virginia Gov. Jim Gilmore decided to leave the 2008 chase. Gilmore published the following on his website: "It has become apparent to me that the combination of my late start, and the front-loaded nature of the primary schedule, have made it impractical to continue to pursue this path towards further public service. I believe that it takes years of preparation to put in place both the political and financial infrastructure to contest what now amounts to a one-day national primary in February."

With the withdrawal of Jim Gilmore, the Republican field has shrunk down to nine candidates, but the former senator from Tennessee Fred Thompson could bring the number back to 10.

The odds on Jim Gilmore to be chosen as the Republican Presidential Candidate for the 2008 Elections were 60/1, as posted by the online bookmaker Bodog Sports, which made him the underdog of the GOP race. Fred Thompson, although still only a prospective candidate, is already among the Republican favorite with odds 2/1, trailing only behind Rudy Giuliani with odds 3/2. Fred Thompson even has odds better than Mitt Romney's 4/1.

On the funny side of the 2008 Presidential - Stephen Colbert is still on the books with odds on becoming the next President of the United States of 800/1.

Published on 07/15/2007