Gamblers are increasing their bets that Democrats will be redecorating the leadership offices in the next year.
tells Republican audiences to ignore polls that indicate Democrats may gain the 15 or more seats they need to take control of the House in the November 7 elections. Some Democrats, he says, are "already measuring the drapes for their new offices" and will be proved wrong.
Gamblers are voting with their money. Recent betting on political future contracts at TradeSports.com, an online unit of the -based Trade Exchange Network Co.
, gives Democrats a 69% chance of winning the House. Democrats have a 29% chance of capturing the Senate and a 24% chance of gaining majorities in both chambers, based on wagers.
On the Iowa Electronic Markets, run by the business school at the in , Democratic chances of taking over the House were 74%, up from 43% at the beginning of the month, and 33% of taking the Senate.
IEM put the probability of Democrats controlling both chambers yesterday at 25%, up from 14% October 1.
On , a privately held British Internet gambling exchange, the odds of Republicans holding the House were about 3 to 1 against, and about 1 to 2 for the Senate. -based , the world's biggest publicly traded gambling company, isn't handicapping the American midterm elections.
Markets may be better prognosticators than surveys of public attitudes, said , an election forecaster at the in , who predicts a 20-seat gain for Democrats in the House.
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