This is really nothing more than a large bet on Obama.
If Obama wins, Paddy is out nothing. If Romney wins, they lost their bet—but by announcing it in this fashion, they at least get some free publicity from the loss: “We’re a great bookie; we even pay off early!”
Moreover, if this publicity drives up the odds against Romney, they cover their bet by buying Romney for a reduced price.
It’s a gambler’s hustle, not a political prediction.
Somebody needs to tell Daniel Negreanu.
He’s got hundreds of thousands riding on Obama winning.
LOL!