November 8, 2006

Will the Democrats Win the Senate? The Bookies Have Spoken!

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Forget the pundits, the Huffington Post has linked to tradesports.com, timeAndSalesChart.gif which is taking bets on election 2006. This is how it works: the Republican Party is like a stock. You can buy in whenever you want. If the GOP takes the senate, the stock hits 100 and you get paid. If the GOP loses the senate, the stock hits zero (but hey, maybe you’ll make your money back once the Democrats turn the economy around).

So what’s the GOP Senate prospect trading at? Well, in the days leading up to the election it was hovering around 70. Now it’s at. . . . 13.5.

My bet’s that the Democrats take the Senate.

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