Palin 2012 Odds See a Sharp Rebound

Betting suggests gamblers believe Palin can go the distance
By Rob Quinn,  Newser Staff
Posted Jul 7, 2009 5:51 AM CDT
Sarah Palin blows a kiss to supporters after speaking at an election rally at the Silver Spurs Arena, in Kissimmee, Fla. last fall.   (AP Photo/Joe Burbank, Pool, File)
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(Newser) – Gamblers were rushing to place online bets as soon as they got wind of Sarah Palin's resignation, Keith Thomson writes at the Huffington Post. The odds of her winning the nomination in 2012 shot up sharply the day of the resignation. They then shortened amid a surge in betting as the rumored career-killing scandal failed to materialize.

Analysts say the betting activity signals that gamblers believe Palin can go the distance and build a winning lead in the lower 48, Thomson writes. He notes that studies show that gamblers tend to forecast outcomes more accurately than even the best pollsters or analysts—who don't stand to lose money if they're wrong.