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Obama Bets No Longer Taken at Some Sites

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Oct 20 2008 - 11:58am

How big a "lock" is Barack Obama to win the US Presidential race come three weeks from now? So big that some online gambling sites have removed this betting option from its menu, including the oldest North American facing bookmaker, BetCRIS.com

Obama was now listed with -700 odds at Sportsbook.com. It was just over a month ago that the Democratic nominee was listed with even odds. What's the difference? Anyone who got in on Obama at that time immediately following the Republican convention could be looking at a $100 payout for every $100 bet. Today one would have to wager $700 just to win $100.

If John McCain were to somehow win, the payout would be $400 for every $100 bet at Sportsbook.com

Obama now leads McCain 50 per cent to 44 per cent among likely US voters in the latest three-day tracking poll. On Sunday he received a pivotal endorsement from former Republican Secretary of State Collin Powell.

Obama is also capturing the lead in traditional Republican strongholds such as Virginia.

According to the Federal Election Commission, Obama has three times more money on hand than McCain to spend on advertising.

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Christopher Costigan, Gambling911.com Publisher