Sportalists Club Prediction Sees Mitt Romney Price Halve To Win US Election

Sportalists multi-million dollar bets world-wide on Republican nominee cause betting frenzy

Online PR News – 15-October-2012 –The news last week that Sports and prediction market experts, Sportalists, had privately told members that US Presidential candidate Mitt Romney is “the best value bet of the year” to win the US election has seen his price almost halve in less than five days.

The Sportalists Club’s prediction drove William Hill, a British bookmaker with about 2,350 shops, to update its odds on the U.S. presidential election.

William Hill initially dropped the odds on Romney to win the U.S. presidential election on Nov. 6 from 4-1 ($5) to 11-4 ($3.75).

The weight of money for Romney has now seen his price drop with all betting agencies, with Betfair now listing him at $2.80 with over $11 million invested in the prediction market.

President Obama re-election went from 1-7 ($1.15) to 1-4 ($1.25).
Betfair now have him listed as $1.55.

“This isn't quite the one-horse race it has been perceived as for some while," said William Hill spokesman Graham Sharpe, in a statement.

The Sportalists Club has long been talked about as a group of the most astute sports traders in the world, who zealously protected their privacy.

“Little is known about the group except that they are mathematical geniuses who have beaten the odds at the world's racetracks and sporting events, and never had a losing year,” said Julian Carr, a city stock broker.

“If they have backed Romney at $5 it is because they either believes he will win, or they believe he is over-priced and as November 6 draws closer they expect his price to fall and they will sell their trade, make a profit and not care who wins,” Mr Carr said.

Sportalists Communications Director for Prediction Markets, Mr Mark Hughes would not confirm if the Sportalists Club thought Romney would win the election, or if they just bought in at an inflated price and would sell low and make a profit before the November 6 election.

“We saw Mitt Romney as way over the odds,” Mr Hughes said. “There is still 22 days to the election so a lot can happen. We will just take it one day at a time and see what our analysts say is the best trade for us at the time.”

It is believe that if Sportalists sold their trades in Mitt Romney now, they would have doubled their money within a week, making a multi-million dollar profit without having to wait to see who becomes the next US President.

The Sportalists Club is made up of mathematical geniuses who have beaten the odds at the world's racetracks and sporting events, and have never had a losing year.

The Sportalists Club has long been talked about as a group of the most astute sports traders in the world, who zealously protected their privacy.

Visit Our Site
 
Bookmarkse-mailGoogledel.icio.usStumbleUponSlashdotFurlDiggTechnoratiYahooMyWebBlinkListSpurlRawSugarWists
Copyright 2014 Online PR Media | PO Box 5043 | La Quinta, CA 92248