And what he greatly thought, he nobly dared.
- Homer, Greek Epic Poet (c. B.C. 700)
Sure, it’s one thing to say you support a candidate, it’s another thing to say you think they’ll actually win, but it’s something altogether different when you’re ready to put your money where your mouth is. That’s why I would trust the odds of how much money people are willing to bet on a candidate even more than I would the latest poll numbers.
Let’s look at the odds of Gingrich winning the presidency according to the money being bet on Intrade.
The money has Gingrich at a 6.3% chance of becoming president. Personally, I think that’s a bit high, he’s a longshot to win the GOP nomination alone and I don’t think he has a prayer winning enough Independent voters to beat Obama, but for the true believers, how do you like these apples?
How do you like the prospects of a $906 profit on a $94 bet??? That’s a return of over 9.5 times what you invested!!!
Now if you’re a true-believing Gingrich supporter, sure, your first priority financially should be in donating to his campaign, but if you really believe President Gingrich could become a reality, those are odds you’d almost be crazy not to take advantage of.