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It's the Republican party, not the Democratic party that is getting the most betting action, much to many people's surprise. A review of the top 10 bets at Bookmaker shows that while Barack Obama being nominated to the Democratic party comes in as the 5th most bet on, the Republicans maintaining the Presidency comes in as the 6th most bet on event of the day Saturday morning. There was some value in betting on the Republican party to win since the payout would be around 2/1 across the board. The top 10 bets include some futures such as the Presidential race where action has been coming in over a several month period. The most bet on events Saturday March 8 were in College games scheduled for that afternoon. Louisville vs. Georgetown and North Carolina vs. Duke were the two most bet on events of the day followed by the Lakers winning the 2008 NBA Championship. At last check, the GOP nominated John McCain was hovering just below even odds, paying out closer to $2 for every $1 bet. Hillary Clinton had much longer odds - anywhere between 3/1 and 5/1. Barack Obama was a small favorite.
It's interesting to
point out that that
while the Democratic
presidential
candidates have
raised more than
$500 million, the
Republicans
reportedly lead in
the crucial area of
money raised by the
party.
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Republican
Party Most Bet On To
Win 2008 US
Presidency