All the online sportsbooks have Obama as the one favored to win.
How do they work you just put money on who you think is going to win?
The most important bettor are Wall Street junkies. One of my frat brothers works for T Rowe and he knows most there are hedging towards a Romney win. Even the libs he knows in the firm want a Romney win as they respect his business resume.
all the online bookies are overseas as are virtually all the bettors. They are basically either rabidly pro-Obama or just clueless about the flaws in the polls and the turnout models. You can’t get an account on InTrade unless you bank from an offshore account.
Sportsbooks don’t lose money. From what I understand they win a percentage of every bet no matter what side is bet on. It seems to me that they are in the tank for obummer and trying to influence the outcome. Pretty sure they have an agenda.
Bookies don’t set odds on what they believe will happen. They set odds to equalize out the betting as much as possible so that they can collect their ‘vig’, which is the amount of extra they get for wrong bets. They are setting these odds to try to get more Romney action to balance out earlier Obama bets. Since non-Americans are more likely to thiunk Obama will win their early bets more likely came in that way and they are encouraging late betters to go with Romney by setting the attractive risk/reward bet for Romney. The perfect balance for them is 50-50 betting.
And during Election Day 2004, Intrade for instance went 2-1 for Kerry. Market exchanges only get it right at the end when the last dime has been squeezed from the last sucker...
Oh, please... Let this be Dick Morris’ turn to be right!