Ron Paul Odds Slashed From 15 to 1 to 8 to 1

(Gambling911.com)

Following this weekend's Republican debate in Iowa and some extensive mainstream coverage and sound bytes., 2008 US Presidential candidate Ron Paul's odds to become the next Commander-in-Chief have been slashed further from 15 to 1 to 8 to 1.

The Presidential betting odds for most candidates have barely moved in recent weeks at Sportsbook.com and Ron Paul's odds have remained steadfast at 15 to 1 for the past two months after heavy action forced the online bookmaker to slash his odds from 100 to 1.

There are usually very little fluctuations this early in the campaign as most of the betting takes place the few months leading up to Election Day while in 2004, several million dollars were bet on Election Day alone.

Sportsbook.com is heavily referenced by Gambling911.com for its political betting odds menu. Sportsbook.com is the largest North American-facing sports betting website in terms of overall volume of customers.

2008 Presidential candidate Ron Paul sat down with Gambling911.com's Kira Wissman for a few moments Friday night following his speech at a rally in Mars, Pennsylvania, just outside Pittsburgh. The time spent was brief since Paul had to rush out on his way to Iowa the next morning.

Paul was very adamant regarding Internet gambling prohibition and Internet prohibition across the board.

Dr. Paul is co-sponsoring with Barney Frank (a Democrat). He said that Congressman Frank had approached him about co-sponsoring the bill to legalize online gambling and he had agreed.

“I believe strongly that the internet should not be regulated by the federal government and believes even more strongly that people should be free to engage in the activities they wish, as long as they are willing to take responsibility for their actions.”

I also asked about the likelihood of such a bill passing. He agreed its chances were remote because of the stigma attached to the internet.

“The majority of people in Washington were afraid to support the internet for fear it would label them ‘pro-porn’ or ‘pro-gambling’.”

Paul voted against anti-Internet gambling and poker legislation attached to an unrelated port security bill last October (The Unlawful Internet Gambling Enforcement Act, also known as UIGEA).

Heavy fluctuations in betting odds is typically caused by the amounts of money coming in (public betting action). For sporting events, news related to injuries and weather could play a role in line changes without relying first on public response (betting volume on a particular side).

At press time, Ron Paul's payout potential sat at $800 for every $100 bet. Amazingly, he was listed with the same odds (8 to 1) as Mitt Romney, who is widely considered to be among the front runners in the Republican party.

John McCain's odds remained at 5 to 1. Rudy Giuliani remained at 3 to 1 odds.

"The old taunt reflects a deep economic principle: Talk is cheap, but if someone is willing to risk money, it means they're serious," writes Tim Harford of Slate.com, a general-interest publication offering analysis and commentary about politics. "Put the principle into action and you realize that electoral forecasters should pay as much attention to the betting odds as to the opinion polls.

"When money is on the line, informed people, perhaps including insiders, have an incentive to turn their knowledge into cash by making big bets. In the process they make the odds more accurate. And of course, there are several reasons to lie to pollsters, but no reasons to make a money-losing bet."

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You can bet on Ron Paul!

I'm sure George Stephanopoulos would love to know that the odds are now even MORE in Ron Paul's favor. How about if Ron wins, George retires from broadcasting? That would be fair. I think Rudy and McCain will soon get their odds going in the other direction. Giuliani and McCain--it's done!!!

Amazing Since When Dr Paul started He Was At 200 to1 Odds

http://www.gambling911.com/Ron-Paul-Odds-053107.html

Originally published May 30, 2007 10:15 pm ET

Ron Paul Odds Slashed Dramatically: 15 to 1 from 200 to 1

It was only two weeks ago that 2008 Presidential candidate Ron Paul was listed at Sportsbook.com with odds of 200 to 1. In fact, early in the month he was not even offered on the political betting menu. My how things have changed in the past month.

Carrie Stroup here with some startling news concerning Ron Paul. Sportsbook.com (see website here) had experienced such a dramatically insurgence of betting action on Mr. Paul over the past two weeks they were forced to slash odds from 200 to 1 to the current 15 to 1 odds.

"Ron Paul is a serious contender whose grass roots campaign is growing dramatically," explains Payton O'Brien, Senior Editor of Gambling911.com, one of the world's leading political betting news sources. "No other single candidate for US President has received the type of interest generated here at Gambling911.com."

Case in point, articles on Ron Paul in some cases generated four times the amount of interest than both Hillary Clinton and Rudolph Giuliani articles combined.

Dr. Clarissa Pinkola Estés in her piece for The Moderate Voice questions whether Paul will jump to the third party, something the folks at Sportsbook.com are watching closely as well since 15 to 1 odds still offer a tremendous payout for gamblers ($1500 for every $100 bet should he win)

"Could Ron Paul’s freshest strategy be to keep showing up for all his party’s nominee debates, bringing his message out over and over again… and then, near the midnight hour, maybe suddenly say, You know what guys? I’m booking. I’m going to run Third Party.

Not the future First Lady Mrs Paul unfortunately, but Carrie
Stroup continues to monitor Ron Paul betting odds along with
all other US Presidential candidates.

"A lot of people right now, seem to be thinking it might make stark sense to vote third party. All across the blogplanet one can read post after post from writers on the left, right and middle, fed up with two parties who’re coughing a 2 cylinder engine up the mountain of US woes, while loudly proclaiming they’re running a finned Hemi. Many people think they look and act the same. Only different colored socks. Maybe."

Representatives from Sportsbook.com agree that the backing of Paul is has been significant enough to shorten odds to what might very well amount to the biggest slashing in online gambling history.

"Read all the blogs, the Ron Paul news forums, and you'll see people saying they have either placed bets or considered placing bets on their favorite candidate at those high odds," a Sportsbook.com representative told Gambling911.com late Wednesday. "We will likely be slashing odds further in the coming weeks and quite possibly days since Ron Paul's momentum is really building."

For online gamblers a win would mean more than just money in one's own pocket. Ron Paul is the only candidate with 20 to 1 or better odds of becoming the next US President who supports legalized online gambling. A handful of his colleagues, including Senator Jon Kyl of Arizona, attached an measure to curb some forms of online gambling to an unrelated port security act.

Paul considered the act "underhanded" and a perfect example of what is wrong with today's political system. Paul was also one of the few who had no other choice but to vote against the port security act due to the slimy tactics used during the waning days of Congressional session last October in getting the measure passed into law.

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Carrie Stroup, Gambling911.com

Originally published May 30, 2007 10:15 pm ET