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2012 US Presidential Election betting

Barack odds-on to win in 2012 (credit: Publik18)
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Barack Obama now 4/6 to remain as US President after Ladbrokes received a four-figure bet on the Democrat

Barack Obama's odds of winning the 2012 US Presidential Election have been cut by Ladbrokes.

A new account was opened today to place a significant four figure bet on Obama at 4/6 prompting the firm to cut him to 8/11. Mitt Romney is the next shortest candidate at 7/1 with Sarah Palin now drifting out to 16/1.

The biggest loser in the book is still Chris Christie (State Governor of New Jersey) who despite not declaring himself a runner has attracted a £2,000 bet at 50/1. He now trades at 16/1 after further support.

Alex Donohue of Ladbrokes told Bettingpro: "A new customer has weighed in with a hefty bet on Obama and we've responded by cutting the odds again. Christie remains a six-figure loser for us and despite not knowing the full story about his intentions we have to keep him on-side."

Ladbrokes latest betting

2012 US Presidential Election

Barack Obama - 4/6 (from 8/11)
Mitt Romney - 7/1
Sarah Palin - 16/1
Mike Huckabee - 16/1
Tim Pawlenty - 16/1
Chris Christie - 16/1
Mitch Daniels - 18/1
John Huntsman - 20/1
Hillary Clinton - 25/1

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2012 US Presidential Election betting

Barack Obama now 4/6 to remain as US President after Ladbrokes received a four-figure bet on the Democrat

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