Tuesday, November 13, 2007

The Washington Post doesn't know what smart money is?

The Washington Post claims that because Hillary Clinton and Rudy Giuliani have remained atop the betting odds for president that the smart money is on those candidates. Smart money moves the lines. Odds for Hillary and Rudy have remained relatively stagnant since before the beginning of this election cycle. The smart money is on Ron Paul, who has went from 2,000:1 down to 6:1 in some places, before the recent publicity and money-bomb, but of course WaPo tries to deflect from that.

"As the presidential road show hits Las Vegas this week for a Democratic debate, the bookmakers have already weighed in: New York Sen. Hillary Rodham Clinton is the odds-on favorite both to win her party's nomination and then to go on to capture the White House next fall over former New York mayor Rudy Giuliani.

Of course, given how the Washington Redskins keep confounding expectations, only so much weight should be placed on the judgment of bookmakers. But nonetheless, the smart money these days is being bet on the two New Yorkers as the odds grow longer for Sens. Barack Obama (D-Ill.) and John McCain (R-Ariz.), both once deemed by Las Vegas to be more likely to win than they are now."

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