While Mitt Romney may have the Republican Presidential Nomination under control, he is still the outsider to win the US Presidential election, priced at $2.75 behind Barack Obama at $1.45 with online bookmaker sportsbet.com.au.
Although the Republican Presidential Nomination is still officially open, Romney, whom sportsbet.com.au had paid out early on to win back in January, is now into just $1.01 with Ron Paul next in the market at $34.
“Romney has seemingly taken one big step, but now comes the much tougher task of becoming President,” said sportsbet.com.au’s Shaun Anderson.
“At this stage all the money is with Obama, but plenty can change between now and November.”
And while the battle for the top job is only just beginning, Joe Biden is the short priced favourite to remain as the Democrat Vice Presidential Candidate, priced at $1.07 ahead of Hillary Clinton at $8.00.
The Republican Vice Presidential Candidate race looks much closer, with Rob Portman the $2.62 favourite ahead of Marco Rubio at $4.50, with Paul Ryan also given some chance at $9.00.
Sarah Palin and Donald Trump are also considered outsiders at $67 and $81 respectively.
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Next US President Election Betting
(prices in brackets from April 11)
$1.45 Barack Obama (out from $1.25)
$2.75 Mitt Romney (out from $2.60)
$23 Ron Paul (steady)
$81 Hilary Clinton (out from $51)
$126 Jeb Bush (out from $91)
Winning Party
$1.45 Democrats (out from $1.25)
$2.75 Republicans (out from $2.60)
$41 Any other (out from $34)
Republican Presidential Nomination
$1.01 Mitt Romney
$34 Ron Paul
$67 Jeb Bush
Democrat Vice Presidential Candidate
$1.07 Joe Biden
$8.00 Hillary Clinton
Republican Vice Presidential Candidate
$2.62 Rob Portman
$4.50 Marco Rubio
$9.00 Paul Ryan
$10 Chris Christie
$11 Bob McDonnell
$15 Susana Martinez, Rand Paul
$17 Rick Santorum
$26 Mitch Daniels, Nikki Haley, Bobby Jindal, John Thune, Newt Gingrich
$34 Kelly Ayotte, Jon Huntsman, Condoleezza Rice
$67 Jim DeMint, Rick Perry, Ron Paul, Mitt Romney, Tim Pawlenty, Sarah Palin, Colin Powell
$81 Michele Bachmann, Hayley Barbour, Donald Trump, Meg Whitman
$101 Herman Cain