Presidential Election Odds - Obama Approval Rating Indicator

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After U.S. President Barack Obama made the news of Osama bin Laden's death official, many betting markets and prediction markets had to quickly adjust their odds and offerings on political propositions. Carl Wolfenden, the Exchange Operations Manager from Intrade.com's prediction market, explains the impact that the news has had on public perception about who will become the next U.S. president.

Before the news broke, Obama's 2012 reelection was trading below 60 percent on the site, but quickly jumped to almost 70 percent overnight. But the spike in the price and the trading volume was short lived and the shares are currently trading at 62 percent. However, during the spike there was opportunity to benefit and a number sharps took advantage by going against the market while at its peak.

And let's not forget to mention Donald Trump, who is currently trading at 5.2% to be the president and 5.5% to be the Republican nominee. He dropped from 8% in the last couple of days since the aftermath of Obama producing his birth certificate- the foundation of Trump's campaign.

The current odds can be found at Bodog:

2012 US Presidential Election - Democratic Nominee
Barack Obama 1/25
Hillary Clinton 12/1
Joseph Biden 25/1

2012 US Presidential Election - Republican Nominee
Mitt Romney 5/2
Sarah Palin 8/1
Donald Trump 10/1


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Category:

Sports

Tags:

• Presidential Election Odds
• U.S. President
• Barack Obama
• Osama bin Laden
• political bets
• Donald Trump
• intrade.com
• Carl Wolfenden
• Exchange market
• Entertainment bets
• Entertainment props
• exotic bets
• Proposition betting

[stpthreat1]

Ron Paul!!!