Over here in Europe, I think there is still an assumption that Barack Obama is a strong favourite for re-election. That is not how it feels in the US. In fact, if you really want to look at the odds, then they are telling you that this is an increasingly tight race.
According to In-Trade, which tracks punters’ sentiment on the election, the likelihood of an Obama victory in November has reduced markedly in recent days. Last Thursday night, the odds on Obama winning re-election were rated 56.5%. Checking today, I see that he’s now down to 53.6%. Read more