Online Bookies Get It Right

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.

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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