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Although that's not what intrade and every betting site is saying. http://www.oddschecker.com/specials/politics-and-election/us-presidential-election/winner
Those odds dont seem right. For instance...one Bookmaker(sportingbet) has Obama 1/5 and romney 16/5. If I put 16 on Romney and 5 on Obama, there is no way I can lose money. I will either brake even if romney wins or win $4 if obama wins. Why wouldnt someone put up 10s of thousands of dollars, wait 4 days and either get a hefty 20% return or get your money back. They are basically giving money away for free.
I think i did the math wrong... you would bet 16 and get $21 back with Romney & bet $5 and get $30 back with Obama, right? So thats a $9 possible win or 40%+ return