Bookmakers Betting On Hillary Clinton

Thu, 28 Jun 2007 07:23
Are you ready for President Hillary? Political bookmakers report a surge in betting on Hillary Clinton to secure the Democratic nomination and to go on to win the November 2008 presidential election. Barack Obama's support has faded dramatically since early spring. These days political betting doesn't rely on old-fashioned odds. Instead it uses online betting exchanges which operate like a regular financial market. You buy and sell "futures" in individual candidates just as you would oil futures or shares. The contracts pay $1 if the candidate ends up winning, and zero if they lose. So prices fluctuate between 0 and 100 cents, reflecting the candidates' perceived percentage chance of winning. Bookmakers Betting On Hillary Clinton. Thanks to the U.S. government's puritanical gambling laws, most of these exchanges operate in London or Dublin, Ireland, although the University of Iowa (quirkily) has an exemption to run a small electronic market. Sportsbook.com have Hillary Clinton listed at 2 to 1 odds

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