Thanks to a divisive Republican primary the Democratic Party is now an even bigger favorite at the sportsbooks to win the U.S. presidential election in the fall.
Once at -150 to win this year's election, the Democrats are now the -220 favorites at , with the Republicans the +200 underdogs.
And those Republican odds are still expected to shift as the party narrows down its candidates for president - or at least tries to narrow them down. Four men remain in the running to be the party's nominee with plenty of primaries left before the convention.
Mitt Romney is the 2/7 favorite at to be the Republican nominee, but Rick Santorum is now close behind him at 3/1 odds. Newt Gingrich is back at 20/1 odds, with Ron Paul the longshot to top the Republican ticket this year at 25/1 odds.
Barack Obama is the clear favorite at 5/11 odds at to win the U.S. presidential election in the fall, with Romney next at 11/4, and Santorum at 9/1. Gingrich then sits at 40/1 odds, with Paul at 50/1, and Hillary Clinton a longshot choice at 100/1.
Odds to win the Michigan Primary
Mitt Romney 10/13
Rick Santorum 1/1
Newt Gingrich 55/1
Ron Paul 55/1
Odds to win the Arizona Primary
Mitt Romney 1/4
Rick Santorum 11/4
Newt Gingrich 40/1
Ron Paul 50/1
2012 US Presidential Election - Republican Nominee
Mitt Romney 2/7
Rick Santorum 3/1
Newt Gingrich 20/1
Ron Paul 25/1
2012 US Presidential Election - Winning Party
Democratic Party -220
Republican Party +200
2012 US Presidential Election - Odds to be Next President
Barack Obama 5/11
Mitt Romney 11/4
Rick Santorum 9/1
Newt Gingrich 40/1
Ron Paul 50/1
Hilary Clinton 100/1
U.S. President Barack Obama might look embattled right now, but the Democratic Party is still the oddsmakers' favorite to come out on top in the 2012 election.
At the Democrats are currently the 2012 election favorites at -150, with the Republican Party trailing them on that U.S. presidential odds list at +120.
Those odds, though, should be on the move as the Republicans whittle down their field of candidates to challenge Obama in next fall's election. We've already had one candidate toss in the towel, with former Minnesota governor Tim Pawlenty dropping out after a poor result in last week's Ames Straw Poll.
That Iowa event was won by Minnesota congresswoman Michele Bachmann, with Texas congressman Ron Paul ending up second, and Pawlenty winding up a distant third. Former Pennsylvania senator Rick Santorum and businessman Herman Cain were fourth and fifth, respectively, in that poll.
Bachmann's two biggest challengers for the Republican nomination, though, didn't officially participate in the Ames Straw Poll: Texas governor Rick Perry and former Massachusetts governor Mitt Romney.
Perry just announced his intention to enter the race the morning of the Straw Poll, and he's been drawing comparisons (both favorable and unfavorable) to former president George W. Bush.
Former House Speaker Newt Gingrich and former Utah governor (and former ambassador to China) Jon Huntsman round out the middle tier of announced candidates, with former New Mexico governor Gary Johnson and former Louisiana governor Buddy Roemer also in the field.
Others rumoured to be jumping into the Republican field include former Alaska governor Sarah Palin and Wisconsin congressman Paul Ryan, with New Jersey governor Chris Christie saying he won't be running for the party's nomination in 2012.