Obama Favored For Re-Election

Gambling News - October 3rd, 2009 - Written by John

Despite a failed bid to bring the 2016 Olympic Games to his adopted hometown of Chicago, Barack Obama is the odds-on favorite to win reelection in 2012. BetUS is offering a -140 payout on the incumbent to outduel candidates like Sarah Palin, Mitt Romney and Hillary Clinton.

Obama has had a rocky start to his first term, sputtering in his attempt to reform national healthcare to Republicans and Democrats alike. He came under fire for leaving the debate, which has proven to be more complex, to travel to Demark and plea with the Olympic Committee over their choice for the Games. With leaders from Madrid, Rio de Janeiro and Tokyo attending the deliberations, Obama deemed it necessary to make a competitive speech to sway voters. It appeared to help and the Second City and analysts speculated Chicago was the favorite. But when the vote came down, Chicago was the first city eliminated, stunning viewers and those in attendance. Now Obama must return to push the health care debate and rising unemployment that rose to 9.8-percent, the highest since 1983.

Second on the list is probable Republican front-runner, Sarah Palin. She suddenly inherited a bulk of free-time after stepping down as Alaska's governor in July, quitting because she said it has been impossible for her to complete her job under scrutiny. What she was referring to was reports that her and her husband, Todd, used state money to fund unscrupulous activities like promoting religious activities.

But speculation swirled that her time off was to sign lucrative book and media deals that would help her fight legal battles, and allow her to devote more time to a presidential run. Those rumors appear to be right. She announced last week that her 400-page memoir, "Going Rogue", would be released November 17th. Within two days of the announcement, preorders for the book made it the no. 1 seller on both Amazon.com and Barnes & Noble. Her obvious popularity among the masses makes her a shot to oust Obama, however, former John McCain campaign chief, Steve Schmidt said this week that he does not believe she is doing enough to expand her fan base. He also said it would be a "catastrophic election" if she were to win the GOP vote.

"I think that she has talent," Schmidt said, "but my honest view is that she would not be a winning candidate for the Republican Party in 2012."

BetUS gives her a line of +1000.

But history shows that the incumbent rarely loses his seat, barring catastrophe while in office, and Obama still has strong support. In fact, only one candidate's payout on BetUS isn't in the quadruple digits. That would be Mitt Romney, former Governor from Massachusetts, who is listed at +700. Romney pushed McCain to the brink in the Republican primaries last summer, and although he was eventually beaten after a poor showing on Super Tuesday, remains a popular ally in the political arena. He even garnered support Wednesday night when McCain allowed his name to be put on invitations for a fundraiser for Romney. Although McCain claims it wasn't an endorsement, reports suggest his name was enough to bring many of the attendees to the $300-a-plate dinner that raised $80,000.

The lone opposing Democrat in the top-6 is Hillary Clinton, who made an extensive run against Obama in the primaries that carried into June of '08. She has remained in the headlines when she was appointed Secretary of State and a stunning upset in 2012 would mean Obama would become the first incumbent to be ousted since 1993.

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