Perry matches Romney in Intrade betting

Washington  Times:

Texas Gov. Rick Perry may not have formally declared his presidential candidacy yet, but bettors on the news-futures website Intrade already are giving him the same chance of becoming the 2012 Republican nominee as former Massachusetts Gov. Mitt Romney, the presumed front-runner.

Mr. Perry’s nomination odds reached a high of 33 percent Thursday morning, eclipsing Mr. Romney for the first time. Mr. Romney, trading at 32 percent, had been Intrade’s 2012 favorite since betting on the GOP nomination began in 2008 and had even consolidated his front-runner status in recent months as his opponents stumbled and other would-be challengers opted not to run.

But the reportedly imminent entry of Mr. Perry, a popular politician in his third term in office, has altered the equation for those seeking to profit from their ability to predict the race’s outcome.

Mr. Perry’s surge seems to have come primarily at the expense of Rep. Michele Bachmann, Minnesota Republican, who is another tea party favorite. Mrs. Bachmann’s odds have dropped from highs of 22 percent a few days ago to slightly less than 10 percent after a report by the Daily Caller revealed that she suffered from debilitating migraines.

...
The Intrade results generally anticipate the polling in coming weeks. They suggest that many investors see Perry moving ahead if he gets in the race. Hopefully, he will do so while he still has time to win some of the early states.

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