Online bettors reap windfall on Clinton win

January 9, 2008

Some online traders made $100 for every $1 they bet on Hillary Clinton's winning the New Hampshire primary Tuesday, according to Bloomberg.

Clinton's chances of taking the pivotal state were so battered after she placed second to Barack Obama in Iowa that Obama's odds had skyrocketed to 99 percent. One poll showed Obama leading Clinton by 9 percentage points.

Traders now give Clinton a 59-percent chance of winning the Democratic nomination, whereas before the New Hampshire primary her chances were placed at 27 percent.

The bets are placed at a Dublin, Ireland, online prediction market called Intrade.

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