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Though there was heavy fluctuation on Tuesday, the bookies had it right all along, with the majority of the wagering going towards George Bush, as he was a 2-to-1 favorite a week ago.
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Betfair correctly predicted that George W. Bush would stay in office and had offered odds of 2-to-1 last week for Sen. John Kerry to win.

About $4.2 million had been wagered on Bush, with Kerry drawing only $1.2 million in bets. Betfair also claims to have accurately picked the victories in the elections of California Gov. Arnold Schwarzenegger and Australian Prime Minister John Howard.

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