Ron Paul Bet Settles in at $6 Mil

After heavy betting action was witnessed on Ron Paul receiving more than $5 million during a December 16 "money bomb", the folks at Sportsbook.com have settled on a line of $6 million.  More bets continue to roll in on the OVER, which has prompted the book to instill a line of 1-2, meaning you would bet $2 to win $1 plus get your initial $2 back should his campaign receive more than $6 million during that day.

Some are saying the UNDER might have good value.  The payout is 2-1 and there is talk that the December 16 date might be too late for ad expenses, hence, many would be donors are being encouraged to send money prior to that date. 

Ron Paul has raised more than $10 million for his run for president in the past two months, leaving him well positioned to help swing the outcome of the first-in-the-nation primary in New Hampshire, a state well suited to his libertarian, antiwar platform, according to a Washington Post report.

With so much money in the bank -- and with more expected after another one-day fundraising "bomb" pegged to the Dec. 16 anniversary of the Boston Tea Party -- the Paul campaign is in a position to make a push in a state whose "Live Free or Die" ethos makes it an ideal early target for the iconoclastic congressman. And Paul could have an impact on both parties' Jan. 8 primaries: He is drawing close to double digits in some Republican polls here, and it is not hard to find independent voters -- who under state rules can vote in either party's primary -- who confess to fondness for both Paul and Sen. Barack Obama (D-Ill.).

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Carrie Stroup, Gambling911.com

Originally published December 6, 2007 12:22 pm EST