Net Bets on Arnie for Governor
By staff
The race for Governor has never been as fierce as it is this year in California. Millionaire Governor Gray Davis faces opposition from a cross section of California pop culture spanning the spectrum from screen icon Arnold Schwarzenegger to porn magnate Larry Flint. And as the race heats up, the odds for Davis come tumbling down.

Internet betting on political events seems to be a great indicator for public opinion, and since having proved that when net-bettors overwhelming backed Bush over Gore, 'the smart money' has become second only to Gallup in pre-election credibility.

This is bad news for incumbent California Governor Gray Davis, who is now only getting 35% odds to remain at the big desk come November. TradeSports, and Internet Betting firm hailing from Ireland posted the odds today, the week after the Terminator Schwarzenegger made his bid for the job. What are the odds of the big man himself muscling his way into office. Another Irish bookmaker, Paddy Power has posted the silver screen star's chances at 4/5.

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