Well Bin Laden is off to meet his maker, however what was a shot in the head for Osama has proved a shot in the arm for Obama.
In the last month Obama has been somewhat floundering (a lot like the US economy) but now the wagons have been un-circled and the stars and stripes are being enthusiastically waved.
Obama’s stock has risen dramatically post the Navy Seals team’s trigger-happy heroics and he can now be backed as short as 4/11 with Sportingbet.
For those who fancy the Hawaiian born leader for a second term he can be backed at a bigger 2/5 with William Hill.However with the American economy still in the doldrums it’s not exactly buying money.
Over at the Red Party there still doesn’t seem a credible candidate, in fact a recent Kentucky Republican nominee debate was side stepped by the heavyweight contenders who didn’t want their luster tarnished by Obamas current good form. In politics it doesn’t look great to be saying, “job well done” when you are trying to offer an alternative.
The betting is wide open with Mitt Romney looking a weak front-runner at 11/4 with William Hill.
Political Punting Tips
Political punters should know that betting favorites for leadership contests have shocking records both sides of the pond (Howard Dean, Hillary Clinton two recent examples) or this side of Atlantic with David Milliband a recently beaten favourite, and Nick Clegg well down in the betting list before he became Lib Dem leader.
Our advice is that for now it may be best to keep your powder dry and wait to see whom the Republicans throw in the ring before getting financially involved. One thing is pretty sure; it’s unlikely to be Sarah Palin. The Tea Party’s darling looks plenty short even at 25/1 with Sportingbet. Even before the recent Tucson shooting tragedy events it was hard to see her ever as a credible option, more an icebreaker for another female Republican in future.
If the eventual Republican candidate has credibility in economic decision making it could yet go to the Elephant party. When asked by a naive journo hack what the big issue of his election would be, Bill Clinton famously replied: “it’s the economy, stupid”.
One last point, if you fancy a punt please note four presidents in last 100 years haven’t finished their term’s (Harding, Roosevelt, Kennedy and Nixon) so it’s better to back party rather than “next president” if you fancy Obama’s chances in 2012 it’s more prudent to back “winning party”, as a bonus you can even get 4/9, when perplexingly Obama to be “next president” is only 2/5.