Gamblers – I’m sorry, participants in the “prediction market” – on the website Intrade have fallen hard for President Obama in recent days, amping up his odds of winning to 3:1 over Gov. Mitt Romney.
In just the last three weeks, “traders” have increased the chances of an Obama win from about 58 percent to just above 75 percent.
The change reflects an obvious disappointment among those willing to put their money where their mouth is with Romney’s candidacy, which has suffered from criticism that Romney has failed to provide an attractive – and policy-specific – alternative to Obama, as well as from a video in which Romney said half the country is selfishly addicted to government handouts.
In Britain, where you can bet on whether the Martians will land in a flying saucer or a square plate, the betting is running 4:1 against Romney.