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Ladbrokes Favors Bush to Win

14 Oct 2004

NEW YORK – (PRESS RELEASE) -- After last night's Presidential debate in Tempe, Arizona, Ladbrokes, the world famed London based oddsmakers, has fine-tuned their projections and now see President George W. Bush remaining in the White House after January 20th and quotes odds of 4/7. For those wishing to back challenger Senator John Kerry, Ladbrokes current odds are 5/4.

The announcement, made through Ladbrokes American spokesperson, reflects Ladbrokes cutting the odds from 11/8 on Senator Kerry based of strong wagering for the Senator over the past week.

According to Warren Lush, Ladbrokes, Chief Oddsmaker, "We see the President emerging victorious in 31 states and Senator Kerry in 19 plus Washington DC. This election is garnering by far more interest than any previous election globally. Ladbrokes believes that oddsmakers headquartered outside the United States currently have booked the equivalent of almost $10-million with one Canadian punter placing over $100,000 on the re-election of George Bush in June when the odds were 8/11."

As to prospects for Senator Kerry, Mr. Lush continued, "The Democrats have not been favorites at any point, but as of today there is pronounced on going momentum behind the Kerry candidacy following the three debates."

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