Latest GOP Betting Odds Has Mitt Romney Increasing Lead Over Rick Santorum

Filed under: Political Betting Odds |

Mitt Romney scored a big victory on Tuesday in the Illinois Primary, that moves him one step closer of what many news outlets are referring to as his inevitable claim to the Republican nomination for President in the 2012 election.

But that seems to have been the theme for several months now.

For a while, analysts have said that Romney will eventually win the nomination, but Rick Santorum continues to put up quite a fight.

The victory for Romney in Illinois though looks to be the beginning of the end, and the betting odds on online sportsbooks reflect that as well.

The Latest Odds To Win The Republican Nomination for President in the 2012 Election have Romney now as a huge 1/20 favorite.

To put that into a betting perspective, for every $20 risked on Romney to win the nomination, only a $1 profit is incurred should that come to pass.

Santorum is still hanging tough, going off at 10/1 on the betting lines, with Newt Gingrich and Ron Paul fading into the background at 50/1 each.

Romney defeated Santorum by nearly 12 percentage points in Illinois, receiving close to 47 percent of the votes on Tuesday. It was a large enough victory to get people talking about Romney closing in on locking up the nomination.

The next big day for Republicans is April 3, in which Washington D.C, Maryland and Wisconsin will take to the polls.

Louisiana is next up though this Saturday, Mar.24 as the only state on the schedule.

And when it comes to the betting odds for the next President, Barrack Obama continues to lead in that regard, going off at 4/9.

Romney is set at 19/10, which is just below 2/1.

Be sure to check out Bovada’s Political Betting Props throughout the course of this process, as they are continually updated with each occurring Primary.

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