- Category: Politics
Bookmakers Have Obama As Favorite
Bookmakers make their living by creating odds and betting lines for sports, but even the smartest guys in Las Vegas can't help but to get involved with politics when the Presidential elections come around every four years. The Presidential election is always a two dog race between the Republican and Democratic party nominees, and this year those nominees are Mitt Romney representing the red team and incumbent Barack Obama representing the blue team. Typically, the incumbent is always favored because the American people are more familiar with the candidate, and this year nothing is different.
Currently, Obama is a -175 betting line favorite, meaning a person would need to risk $175 to win $100. The come back on Romney is +135, meaning a $100 bet would have a return pay out of $135. Although Obama is nearly a 2:1 favorite according to the Las Vegas bookmakers, many political analysts believe this election will come down to only a few swing states. With the state of Florida potentially giving the winner the final amount of electoral votes required to win the White House.
Here is the tale of the tape:
Romney is a slick talking, good looking politician that has been very successful in the business world. His campaign attacks the highly controversial Obamacare, and Romney is taking the position that his background as governor and business success is what the country needs to get back to economic prosperity. However, with the rise in groups such as Occupy Wall Street, many are portraying Romney as the corporate elite 1% that is ruining the country.
Obama is the incumbent that is still heavily popular among young and women voters. He is currently talking up more troops being withdrawn from Iraq, that the unemployment rate is coming back down and job growth is back on track. Everyone agrees that the financial crisis and wars in the Middle East he inherited from George W. Bush would create many challenges. However, after four years many people believe the state of the United States economy should be in a better position.
GPS Tracker Shop wants to know not who you would vote for, but who you would bet on if you had to risk $1000?
Nobody will know who the winner between Romney and Obama will be until November, but that won't stop Las Vegas from taking bets!