McCain continues to improve in betting market

August 4, 2008

The second ‘McCain surge’ continues

With McCain ahead in Rasmussen’s tracking poll and the Barack Obama campaign proving that it can shoot itself in its foot, the betting markets are starting to realise that they have underpriced McCain. This doesn’t mean that they have made McCain the favourite (although he should be) but the difference between market perpceptions and reality is a little bit closer than it was a week ago. However, McCain’s price still has a long way to rise, before it becomes fair value.


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