Palin Storm Affects Presidential Betting

Published September 5, 2008 by OCR Editor

Palin Storm Affects Presidential Betting

US bookies are now offering odds on whether Sarah Palin will remain the Republican vice presidential candidate.

The surprise news that the 17-year-old daughter of Sarah Palin is pregnant has prompted bookmakers to offer options on whether the Alaska governor will be replaced as the Republican vice presidential candidate before the November 4th presidential election.

Ladbrokes is calling it the "Sarah Palin Special", installing her at odds of 1/16 not to be replaced, but enticing punters to entertain the possibility of such an event occurring, at 8/1.

No odds are being offered yet on who that replacement might be, although one would assume Mitt Romney and Tim Pawlenty, the two favorites prior to McCain's surprise selection of Palin, would be the frontrunners.

Election odds
The Obama-Biden Democratic ticket continues to firm, having eased into 4/9 favoritism to make it to the White House, against McCain-Palin, 13/8.

Betting is also available on the states that will make or break this election.

The Republicans have never won a US presidential election without carrying the key battleground state of Ohio, and it looks like the Midwestern state will once again go down to the wire, with McCain and Palin tipped to miss out, at 11/10, against the Democrats, 4/6.

The Republicans aren't favored to have many successes in the swing states, going in as favorites only in Nevada (4/7) and the state that ultimately decided the 2000 presidential election in favor of George W. Bush - Florida (4/9).

If all the current states go to the favorite, Barack Obama will win the presidency in a landslide, having assumed slight favoritism in Colorado (8/11) and New Hampshire (8/13), and looking unbeatable in Michigan (1/2), New Mexico (1/3) and the populous state of Pennsylvania (1/4).

McCain and Obama are dead even at 5/6 each in Virginia, which offers a total of 13 of the 538 electoral college votes on offer.

The odds could alter slightly after the impact of the Republican National Convention, which finishes Thursday, is properly assessed by bookmakers and punters.

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