Is Romney’s price almost bound to tighten?

There’s a new Gallup poll out that gives the presumptive Republican nominee, Mitt Romney, a nine point lead on the economy. The latest daily tracker poll from the firm has Romney on 47% to Obama’s 44%.

In many key state races the margins are very tight yet, overall, punters on Betfair continue to put their money on the incumbent.

The chart above shows the trend and there’s been almost no real movement.

My biggest current political bet, amounting to four figures, is on Romney simply I believe that his price will tighten and there will be the chance to close the position down at a profit.

Interestingly Betfair is lagging behind the Dublin-based Intrade market which has many US customers. It makes Obama a 59% shot against Betfair’s 64%.

My Telegraph US election articles can be found here.

@MikeSmithsonOGH