Bet Barack: Odds Favor Obama
Promise enough change and it just might add up to big bucks.
Barack Obama, the self-anointed "change" candidate, is firmly entrenched as the odds-on favorite to win a seat in the Oval Office on Intrade - a Dublin-based futures market let traders buy and sell contracts on the likelihood of future events.
With a new political poll seemingly issued every day, why should anyone care? Because Intrade is proving to be frighteningly accurate. As ABC News' John Stossel pointed out:
"In 2004, the market odds on Intrade predicted the presidential vote of every state but Alaska. In 2006, the odds correctly indicated the outcome of every Senate race."
So far this year, the collective intelligence of more than 77,000 Intrade traders give Obama a 61 percent chance of winning, versus a 35 percent chance for McCain.
Other Intrade tidbits:
- Sen. Hillary Clinton has a 22 percent chance of being Obama's pick. Sen. Jim Webb of Virginia has a 19 percent chance, followed by New Mexico Gov. Bill Richardson had a 6 percent chance.
- The most likely pick for McCain's V.P. is former Massachusetts Gov. Mitt Romney a 20 percent, followed by Minnesota Gov. Tim Pawlenty with a 16 percent chance and former Arkansas Gov. Mike Huckabee with a a 12 percent chance.
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Photo © Chris Hondros/Gannet Images


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