Gambling on Ron Paul for Republican Presidential Nomination in 2008

12 07 2007



alt=”Price for 2008 Republican Pres Nominee(Others on Request) at intrade.com”
title=”Price for 2008 Republican Pres Nominee(Others on Request) at intrade.com” border=”0″>

I was looking over some diggs that other people had posted that had also dugg one or more of my blog articles when I ran across this intrade.com page someone had linked into digg. I found this a very interesting display of information on how people perceive a candidates chances of winning the nomination for President in the Republican primary in 2008. People will think what they want but when people are willing to put their money where their mouth is so to speak it is more than just a leap of faith, it can also demonstrate a ground swell of support growing.

It can also as the chart below indicates for John McCain show a complete and total loss of support for a candidates chances of winning the nomination.



alt=”Price for 2008 Republican Pres Nominee(Others on Request) at intrade.com”
title=”Price for 2008 Republican Pres Nominee(Others on Request) at intrade.com” border=”0″>

The volume just before McCain hit rock bottom shows that some are still willing to take the long shot position on McCain but it did not last long as the volume and price indicates.

This is the clearest indication in a very statistical way that candidates certainly have their up days and their down days. How many wish they got out early on McCain? A lot I would bet. I for one will take the odds on for my favorite long shot, Ron Paul.

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