10/04/2008 05:12 am ET Updated May 25, 2011

The Latest Presidential Betting Odds

We know the pollsters and pundits all have their predictions and opinions but when you want to know the real odds on the election you always want to check with the sports books. For some reason the "bookies" are usually right! As of today Barack Obama is a significant favorite.

Of course betting on elections is illegal in the United States but just for entertainment purposes here are the latest odds on McCain vs. Obama.

John McCain is 3-2 (For every $200 wagered you'd win $300)

Barack Obama is 1-2 (For every $200 wagered you'd win $100)