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Could someone more knowlegable of gambling than myself please explain the implications of this? Sounds positive for Senator Thompson.
1 posted on 10/02/2007 1:29:52 AM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

THE MAN WHO FORCES LONGER ODDS FOR RUDEEEE!

FRED VETS, SIGN UP TODAY AT:

2 posted on 10/02/2007 3:18:40 AM PDT by W04Man (I'm Now With Fred http://Vets4Fred.net)
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To: 2ndDivisionVet
Could someone more knowlegable of gambling than myself please explain the implications of this? Sounds positive for Senator Thompson.

The short version of it is: the people willing to place their money where their mouths are are shying away from Guiliani. The overall picture is pretty much a muddle, essentially a five person race (including Ron Paul?!) with odds all centered about 5-to-1, or a 20% probability, ranging from 4-to-1 (25%) to 6-to-1 (17%).

Now... what does it really mean? In general, the "betting" sites offer a better picture of the race than the polls, because they're more forward-looking. However, they are subject to manipulation -- it's not necessarily that Ron Paul, for example, really has a 17% chance of winning, that's just the number at which they can draw an equal number of bets for and against.

3 posted on 10/02/2007 6:57:14 AM PDT by kevkrom (The religion of global warming: "There is no goddess but Gaia and Al Gore is her profit.")
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To: 2ndDivisionVet

It means that Fred is now the favorite at 4:1.

Rudy and McCain tied for 2nd at 5:1; Ron Paul at 6:1, Romney at 8:1. The Ron Paul odds show how subjective this is.


4 posted on 10/02/2007 6:57:40 AM PDT by iowamark
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