McCain Odds for President, now favoured Over Obama

J.D Driscoll - September 12th, 2008 .

Chances of a John McCain presidency have improved dramatically over the last two weeks according to all major sports books and prediction markets. The 72 year old senator not only leads in the polls but now also has the edge with some sportsbooks like the Costa Rican based Bookmaker.com and Irish based Paddy Power.

Barack Obama has had a commanding lead in the betting all summer however it appears that there is a major shift in momentum that has turned this election into a real battle.

McCain’s choice of Sarah Palin as his vice presidential candidate has been the major catalyst for the odds change.

Update: These are the odds as they stand on November 4th:

US Presidential Election 2008

Winning Party
Tue, Nov 04, 2008 EST
Democrats -1400
Republicans +600

Other election betting options available:

McCain Concession Speech

Tuesday 4th November +125
Wednesday 5th November -165
Later than Wednesday 5th November +700
No concession speech +500

Next US Secretary of State
Richard Holbrooke +200
Anthony Lake +500
John Kerry +500
Susan Rice +1000

For the latest live election lines visit BetUS.com.

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Currently betting markets have set McCain’s chances at slightly better than 50% with Barrack Obama around 48% chance of winning the 2008 presidential election. However McCain is the slight underdog at international sportsbook Bookmaker.com with a -108 price ( Bet for $110 a $100 return) with Obama the small favorite at -122 (Bet $122 for a $100 return)

The recent polls also appear to have been a major contributor to the latest betting movements with Gallup giving McCain a 10 points lead.

Earlier this week Palin appeared nervous as she struggled trough her fist major public interview. The mixed reviews have not however affected McCain’s odds of winning the election with his price reaching record highs at prediction markets and traditional bookmakers in the last 24 hours.

At this stage the race is still wide open. McCain may be the slight favorite at some betting establishments however many still favor Barack Obama. With the election so even, betting is expected to reach record levels.

For those looking to lay down some coin on McCain and make this election really interesting sign-up with our BetUS.com. They offer a solid -120 line on McCain. For those looking to support Obama you’re best bet is at Bookmaker Sportsbook (See link above).

Other betting options are also available with state by state betting also garnering plenty of interest from the public. There is no doubt the election will be one of the biggest betting events this years and bettors are sure to benefit as sportsbooks compete for your betting dollar with better odds and bonuses. Below are the latest 2008 election odds. More election betting coverage with best our bets to follow.

McCain Obama