Mitt Romney Wins GOP Nomination in Eyes of Oddsmakers Who Already Paid Out Bets

The oddsmakers at Sportsbook.com on Monday announced that they have paid out on all bets that former Massachusetts Republican Governor Mitt Romney will win the GOP Presidential nomination. 

The payouts fluctuated based on when the bets were placed.  At some points early on in the campaign, front runners changed regularly, however, Romney always maintained relatively short odds. 

Last week, Rick Santorum dropped out of the GOP race after it was determined he could no longer mathematically obtain the required number of delegates.  Newt Gingrich and Ron Paul remain in the race but cannot obtain the Republican nomination based on the current process. 

Sportsbook.com was still offering odds of President Obama winning the November 2012 US Presidential Election for a second term at 1/2 while his odds of losing were at 17/10. 

- Carrie Stroup, Gambling911.com Senior Reporter