John McCain Still Just Shy of 40 Percent Chance to Win Says Prediction Market

Written by:
C Costigan
Published on:
John McCain

By most accounts, the Republican Senator out of Arizona, John McCain, delivered an inspiring speech at Thursday night's closing of the Republican Convention in Minneapolis. McCain is challenging Illinois Senator Barack Obama to take over the White House this November.

Since the conventions started, the odds have hardly changed even with the much anticipated announcement of each man's running mate.

Alaska Governor Sarah Palin has drawn unprecedented media attention - albeit not all good. Her Wednesday night speech was widely heralded as one that likely helped unite the Republican party and, in particular, the conservative base.

McCain's speech was more subdued, less theatrical in its delivery and he provided a glimpse into his plan for fixing the US economy and the current ill-fated health care system.

McCain, a POW and true American hero turned political rebel, vowed Thursday night to vanquish the "constant partisan rancor" that grips Washington as he launched his fall campaign for the White House. "Change is coming," he promised the roaring Republican National Convention and a prime-time television audience.

"Fight with me. Fight with me. Fight with me. Fight for what's right for our country," he said in a convention crescendo.

By the end of his speech and heading into the wee hours of Friday morning, McCain still held just shy of a 40 percent chance of winning the US Presidency based on numbers found at the online prediction market, Intrade.com. At BetCRIS.com - arguably the sharpest of online bookmakers due to its huge ensemble of professional clientele - the news was slightly better for McCain where Obama slipped back down to a -195 favorite from -205. McCain would pay $150 for every $100 bet.

BetCRIS CEO Mickey Richardson predicted two weeks ago that McCain would become the next President of the United States. That same day Richardson accepted a $20,000 bet on McCain to win. He also correctly predicted Joe Biden as Obama's running mate.

It remained to be seen the true impact of McCain's heartfelt speech.

52 percent of those polled at AOL.com rated McCain's speech as "Excellent" and another 19 percent as "Good". Only 16 percent rated it poor. More than 26,000 votes were calculated by midnight, two hours after the speech had concluded.

McCain appears to have won over countless new supporters following his speech with 64 percent saying their opinion of the GOP candidate had changed for the better.

Politics News

Latest Trump Impeachment Odds as Hearings Get Underway

Latest Trump Impeachment Odds as Hearings Get Underway

The closed doors of the Trump impeachment investigation are swinging wide open.

Democratic Frontrunner Appears Before Sparse Crowd in South Carolina

Massachusetts Senator Elizabeth Warren, currently the frontrunner among Democratic candidates seeking to become the next US President, spoke before a sparse crowd in Orangeburg, South Carolina Friday.

Boos Lose: Book Will Likely Pay $11 on Each $10 bet

Boos Lose: Book Will Likely Pay $11 on Each $10 bet

Sportsbetting.ag this week posted odds on whether US President Donald Trump would be booed if shown on video boards watching the LSU-Alabama game Saturday.  Based on initial assessments, it does not appear as though there were any boos, at least none that were audible.  The oddsmakers will have to search the Net for any video that shows otherwise. 

Trump LSU-Alabama Football Game Prop Bets

President Trump is expected to attend Saturday's mega college football game between the LSU Tigers and Alabama Crimson Tide, and the sportsbook has put together some light-hearted prop bets for what might transpire.

Michael Bloomberg at 14-1 Odds to be Next President

Michael Bloomberg at 14-1 Odds to be Next US President

Michael Bloomberg hasn't officially announced his candidacy for the 2020 Presidential race, but he's already caught the eyes of people in Vegas.