betED.com Sees if Public likes Bush

With this year’s U.S. midterm elections expected to be the most expensive ever, there’s certainly a lot riding on the results.

Even bettors can have something riding on who will emerge the victor in the Nov. 7 elections, as www.betED.com is offering odds on the Democrats to win the majority of the House and Senate.

The odds available at www.betED.com for the Democrats to win the majority of the Senate are +100, and -150 to not win. For the House, The Democrats are at -125 to either win or not win.

The November 7 congressional race will be the most-expensive midterm election yet, with spending reaching about $2.6bn, said a non-partisan group that tracks US campaign spending.

The year "2006 will be the most-expensive election for US congress", said Sheila Krumholz, acting executive director of the Centre for Responsive Politics which tracks the influence of money on elections and public policy.

The group's research has found that spending by candidates in the November 2006 race represents an 18% increase on the last midterm congressional election in 2002.
"Money in this campaign has been flowing fast and furiously," said Krumholz on Tuesday in a telephone news conference.

She said the $2.6bn spending projection was a "conservative estimate" that could turn out to be even higher by Election Day.

"Candidates still in the running for house have risen on average about $760 000, while senate candidates have raised $5.8m since 2001," Krumholz said of the study released exactly two weeks before Election Day.

"Incumbent senators have a four-to-one advantage on their challengers on average; house incumbents have out-raised their challengers seven-to-one," she said.

The Democratic Party remains the most popular political organization before next month’s congressional ballot in the United States, according to a poll by Princeton Survey Research Associates released by Newsweek. 51 per cent of respondents would vote for the Democratic contender in their district, while 37 per cent would support the Republican candidate.

For more info, check out www.betED.com.

Labels: politics

posted by Kari at 2:03 PM