Obama Winning Nebraska, Tennessee, Kentucky?

Written by:
Carrie Stroup
Published on:
Oct/31/2008
US Presidential Elections

If you believe that the prediction markets can accurately forecast the 2008 US Presidential Election, Democrat Barack Obama should win handily but in states that might surprise many.

The electoral map created by the folks at Sportsbook.com is a whole lot different than that of CNN.

Nebraska, Tennessee, Kentucky, North Dakota, South Carolina? Wait - South Carolina?

These are some of the more hard core Republican states that Sportsbook's statewide bettors have going for Obama - not Republican Senator John McCain.

Even stranger, much of New England is betting more action on McCain than Obama as are those gamblers in New Jersey, Delaware and New Mexico.

What's the explanation for this?

For one thing, few people are betting on Obama these days as he's now a -800 favorite at Sportsbook.com and those odds aren't worth betting.

Also, Sportsbook.com had been taking plenty of action on McCain early on in the campaign when he was a 5-1 favorite to win the Republican nomination and Hillary Clinton was a big favorite to win the Democratic nomination.

Regardless of the map color and trending per state, Sportsbook.com's spokesperson, Dave Stanley, says that "Overall 55% of the $ is on Obama to 45% on McCain."

Carrie Stroup, Gambling911.com Senior Reporter

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