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PaddyPower.com slashes odds on Obama

4 Jan 2008

DUBLIN, Ireland -- (PRESS RELEASE) -- Senator Barack Obama has blasted the ball into the back of the net with an emphatic victory in the Iowa Democratic Caucus. While Hillary Clinton remains the Bookies favourite to become next President, the gap is beginning to narrow between the two front runners. European bookmaking firm paddypower.com have slashed the odds on Obama to become Next President from 3/1 to 2/1 while Hillary Clinton has eased in the betting from odds-on 10/11 to odds-against 11/8.

All eyes now turn to New Hampshire next Tuesday for the first of the Primaries where Hillary Clinton remains the narrow favourite at odds of 4/5 ahead of Barack Ohama at 10/11 to top the Democratic vote. In the Republican camp Senator John McCain is the man the beat in New Hampshire and has been installed as paddypower.com's red hot 8/11 favourite.

Ken Robertson, Communications Manager for paddypower.com said "We have been astounded with the volume of traffic already through our new website electionbetting.com. If betting around the Iowa caucuses is anything to go by we predict the 2008 US Presidential Election will be the biggest non-sporting betting event of all time."

 
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