I found this thread on how the caucuses work, at least for the Democrats:
http://www.mydd.com/story/2007/10/1/151631/653
I assume the Republican caucuses are similar?
One thing they mentioned is that your overall percentage of support doesn't directly correlate to your results -- you have to have support spread geographically across the state. Howard Dean had a lot of support in Iowa, but it was concentrated in a few districts with a lot of college students -- Ron Paul may face the same issue.


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