Vegas screams out that the winner Tuesday will be President Barack Obama. The loser, Mitt Romney.
In fact, it was never even close. Just a few months ago, they had Obama as a 9 to 1 favorite. Yes, that means a $9 bet on the prez, brought back just a buck…plus your money. If you had Romney, a buck brought you back nine…HUGE ODDS.
Today it has fallen, mostly because all the hype has some uniformed bettors taking Mitt to make a pile of dough. He’s long-shot, a HUGE long shot. Today its -325 to bet Obama and +250 for the Mitt.
So the President is a plus 3 to 1 favorite to win reelection.
Go to the online Vegas site BOVADA.LV.
When you get there go to sports betting, then to entertainment, then to political. Why is it so hard to find? Online gambling is not legal. Should you choose to make that big bet on Mitt fly to Vegas and do it, OK.
Here’s your chance Romney fans. You can take 10 grand to Las Vegas and nearly triple it.
You get back 2 1/2 to 1 if you take Mitt. If you take the Prez you have to put up 10 g’s to get back less than 3,000 profit. Sorry, that’s the way it works. Vegas balances the betting by lowering and raising the lines based on the amount that comes in on each candidate.
Clearly it’s mostly headed to Obamaville. So they raise his line to get more on loser Mitt.
Hey, if you had Romney in say June, you could have made a bundle on say a 50 grand bet. You’d have made nearly half a million back. Wow. That is if Mitt pulls off the big upset.
Vegas makes mistakes you say.
Sure they do but football is different.
There are tons of games, whereas this is only one game. One shot, covered by them all year and they don’t like to be wrong. Hey, you can even bet on who wins Ohio, a prop bet. They have Obama to win it at 2 to 1.
What’s this all mean?
Simple. The media hyped this thing way out of control. For the news channels it’s a multi-billion dollar TV show with ads – your viewing which means more paid ads – increased viewership and so on.
YOU are the target spender. If they tell you it’s not close, they get far less ads, far less viewers and readers and thus far less dough.
Get the picture?
Sometimes, it’s about the hurricane or 911. But when it comes to what important, even this election, it’s a different matter.
I’m sorry to be the man who brings you a sad truth, I’m just the SCRIBE.
Don’t hate me.
But the bottom line is Obama was never in any real danger of losing this election.
Not to this challenger anyway. Game over.
Then again, there are upsets…