RP-Republican
12-17-2007, 08:58 AM
Ron Paul Campaign Discloses That More Than $6 Million Raised Sunday
We knew it was somewhere in the area of $6 million, but when it comes to gambling and the odds, a precise number must be provided. In the case of Ron Paul's unprecedented one day money drive, that number we now learn was better than $6 million, though an official specific tally is yet to come in.
Online bookmakers at Sportsbook.com offered a betting line of $6 million OVER or UNDER the amount of money raised during the 24 hour "money bomb". By Monday morning, the Ron Paul campaign had acknowledged that $6 million and change had been raised on Sunday. That "change" is believed to be within the $500,000 range.
The payout odds were $1 for every $3 bet (with gamblers getting back their initial bet as well). In other words one would profit a dollar for every three dollars put on the line. The OVER was definitely the favorite. Sportsbook.com was forced to push the line up to $6 mil after opening at $5 mil.
"We are getting tons of action on the OVER," disclosed Dave Staley.
Throughout the day on Sunday, Gambling911.com reporter, Carrie Stroup, monitored the Ron Paul "money raising frenzy" from our Miami Beach base.
"I have never seen anything quite like this," she said. "The amount of financial support from the general public, most of which we are told are relatively small donors, yet the polls don't reflect this? It makes little sense to those of us who have followed his campaign over the past nine months or so."
Betting Lines a Better Predictor of Election Results Than Polls?
The "money bomb" bet is especially telling since it once again reveals how the oddsmakers have an uncanny ability to predict political election results.
Following the initial $5 million opening line, gamblers jumped all over the OVER, forcing Sportsbook.com to push the line up to $6 million, where it remained until the day before Ron Paul's December 16 fundraising effort.
"The oddsmakers opened the line based on trends and other stats they had before them," explains Stroup. "Lines are then moved based on action and, in the end, it's the betting public that helps push the line in either direction. Once again, we witnessed some fairly precision odds calculations."
Sportsbook.com settled on the $6 million while making the OVER a higher risk favorite (1-3 odds), suggesting their opinion that Ron Paul's campaign would take in slightly more than $6 mil.
This despite the fact that the more vocal of Ron Paul supporters laughed off the $5 to $6 million range odds as a "sucker bet", claiming his campaign would take in much more. It's doubtful any of them are shedding a tear on Monday, however, with Ron Paul shattering his own previous 24 hour fundraising record.
The oddsmakers across the board generally have Ron Paul in 4th place now among Republicans, but that is only half the story. At Sportsbook.com, which enjoys the highest volume of customers among North American facing bookmakers, Paul's odds (12-1) are only four points within striking range of both Mike Huckabee (10-1) and Mitt Romney (8-1).
Previously, Ron Paul had been listed with 6-1 odds and a bigger favorite than Romney at Sportsbook.com. The explanation for this is that Paul supporters were placing their bets far earlier than the general public, thus providing the only real betting action on the political front outside of Hillary Clinton (who continues to hold a precarious 1-3 advantage over all other candidates).
"It wouldn't be surprising to see Ron Paul back in single digits after Sunday's money drive," says Stroup.
Betting Lines a Better Predictor of Election Results Than Polls?
The "money bomb" bet is especially telling since it once again reveals how the oddsmakers have an uncanny ability to predict political election results.
Following the initial $5 million opening line, gamblers jumped all over the OVER, forcing Sportsbook.com to push the line up to $6 million, where it remained until the day before Ron Paul's December 16 fundraising effort.
"The oddsmakers opened the line based on trends and other stats they had before them," explains Stroup. "Lines are then moved based on action and, in the end, it's the betting public that helps push the line in either direction. Once again, we witnessed some fairly precision odds calculations."
Sportsbook.com settled on the $6 million while making the OVER a higher risk favorite (1-3 odds), suggesting their opinion that Ron Paul's campaign would take in slightly more than $6 mil.
This despite the fact that the more vocal of Ron Paul supporters laughed off the $5 to $6 million range odds as a "sucker bet", claiming his campaign would take in much more. It's doubtful any of them are shedding a tear on Monday, however, with Ron Paul shattering his own previous 24 hour fundraising record.
The oddsmakers across the board generally have Ron Paul in 4th place now among Republicans, but that is only half the story. At Sportsbook.com, which enjoys the highest volume of customers among North American facing bookmakers, Paul's odds (12-1) are only four points within striking range of both Mike Huckabee (10-1) and Mitt Romney (8-1).
Previously, Ron Paul had been listed with 6-1 odds and a bigger favorite than Romney at Sportsbook.com. The explanation for this is that Paul supporters were placing their bets far earlier than the general public, thus providing the only real betting action on the political front outside of Hillary Clinton (who continues to hold a precarious 1-3 advantage over all other candidates).
"It wouldn't be surprising to see Ron Paul back in single digits after Sunday's money drive," says Stroup.
http://www.gambling911.com/Ron-Paul-121707A.html
We knew it was somewhere in the area of $6 million, but when it comes to gambling and the odds, a precise number must be provided. In the case of Ron Paul's unprecedented one day money drive, that number we now learn was better than $6 million, though an official specific tally is yet to come in.
Online bookmakers at Sportsbook.com offered a betting line of $6 million OVER or UNDER the amount of money raised during the 24 hour "money bomb". By Monday morning, the Ron Paul campaign had acknowledged that $6 million and change had been raised on Sunday. That "change" is believed to be within the $500,000 range.
The payout odds were $1 for every $3 bet (with gamblers getting back their initial bet as well). In other words one would profit a dollar for every three dollars put on the line. The OVER was definitely the favorite. Sportsbook.com was forced to push the line up to $6 mil after opening at $5 mil.
"We are getting tons of action on the OVER," disclosed Dave Staley.
Throughout the day on Sunday, Gambling911.com reporter, Carrie Stroup, monitored the Ron Paul "money raising frenzy" from our Miami Beach base.
"I have never seen anything quite like this," she said. "The amount of financial support from the general public, most of which we are told are relatively small donors, yet the polls don't reflect this? It makes little sense to those of us who have followed his campaign over the past nine months or so."
Betting Lines a Better Predictor of Election Results Than Polls?
The "money bomb" bet is especially telling since it once again reveals how the oddsmakers have an uncanny ability to predict political election results.
Following the initial $5 million opening line, gamblers jumped all over the OVER, forcing Sportsbook.com to push the line up to $6 million, where it remained until the day before Ron Paul's December 16 fundraising effort.
"The oddsmakers opened the line based on trends and other stats they had before them," explains Stroup. "Lines are then moved based on action and, in the end, it's the betting public that helps push the line in either direction. Once again, we witnessed some fairly precision odds calculations."
Sportsbook.com settled on the $6 million while making the OVER a higher risk favorite (1-3 odds), suggesting their opinion that Ron Paul's campaign would take in slightly more than $6 mil.
This despite the fact that the more vocal of Ron Paul supporters laughed off the $5 to $6 million range odds as a "sucker bet", claiming his campaign would take in much more. It's doubtful any of them are shedding a tear on Monday, however, with Ron Paul shattering his own previous 24 hour fundraising record.
The oddsmakers across the board generally have Ron Paul in 4th place now among Republicans, but that is only half the story. At Sportsbook.com, which enjoys the highest volume of customers among North American facing bookmakers, Paul's odds (12-1) are only four points within striking range of both Mike Huckabee (10-1) and Mitt Romney (8-1).
Previously, Ron Paul had been listed with 6-1 odds and a bigger favorite than Romney at Sportsbook.com. The explanation for this is that Paul supporters were placing their bets far earlier than the general public, thus providing the only real betting action on the political front outside of Hillary Clinton (who continues to hold a precarious 1-3 advantage over all other candidates).
"It wouldn't be surprising to see Ron Paul back in single digits after Sunday's money drive," says Stroup.
Betting Lines a Better Predictor of Election Results Than Polls?
The "money bomb" bet is especially telling since it once again reveals how the oddsmakers have an uncanny ability to predict political election results.
Following the initial $5 million opening line, gamblers jumped all over the OVER, forcing Sportsbook.com to push the line up to $6 million, where it remained until the day before Ron Paul's December 16 fundraising effort.
"The oddsmakers opened the line based on trends and other stats they had before them," explains Stroup. "Lines are then moved based on action and, in the end, it's the betting public that helps push the line in either direction. Once again, we witnessed some fairly precision odds calculations."
Sportsbook.com settled on the $6 million while making the OVER a higher risk favorite (1-3 odds), suggesting their opinion that Ron Paul's campaign would take in slightly more than $6 mil.
This despite the fact that the more vocal of Ron Paul supporters laughed off the $5 to $6 million range odds as a "sucker bet", claiming his campaign would take in much more. It's doubtful any of them are shedding a tear on Monday, however, with Ron Paul shattering his own previous 24 hour fundraising record.
The oddsmakers across the board generally have Ron Paul in 4th place now among Republicans, but that is only half the story. At Sportsbook.com, which enjoys the highest volume of customers among North American facing bookmakers, Paul's odds (12-1) are only four points within striking range of both Mike Huckabee (10-1) and Mitt Romney (8-1).
Previously, Ron Paul had been listed with 6-1 odds and a bigger favorite than Romney at Sportsbook.com. The explanation for this is that Paul supporters were placing their bets far earlier than the general public, thus providing the only real betting action on the political front outside of Hillary Clinton (who continues to hold a precarious 1-3 advantage over all other candidates).
"It wouldn't be surprising to see Ron Paul back in single digits after Sunday's money drive," says Stroup.
http://www.gambling911.com/Ron-Paul-121707A.html