Place Your Bets!

If you can wager money on something, chances are someone has set up a booking facility to make it happen. Here in the political world it has been taken care of well in advance of the 2008 Presidential nominations. The Wall Street Journal reports that the Iowa Electronic Markets and Intrade.com have opened up their own markets on who is going to win the Democratic and Republican nomination for the White House.

The odds are 2008 looks good for the Democrats. With a 54% chance to win the White House and a 70% chance to hold the Congress, this next election is looking pretty damn good. The numbers are based on generic matchups, though Hillary leads the pack along with McCain in his corner. This is easily explained by the long held assumptions that these two would be the nominees for some time now. Of course current events tell otherwise. Edwards and Obama are surging on the left, while McCain is being hampered by Giuliani and the rest of the pack due to his lack of religious winger support.