Mitt Romney a Sure Bet for GOP Nomination

Political gamblers see Perry losing, and then Obama too.

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Political gamblers are putting down bets that President Obama will be a one-term president, replaced by Mitt Romney in the 2012 elections.

[See a collection of political cartoons on the 2012 GOP hopefuls.]

According to Intrade, the online trading market where users bet on upcoming news events, Obama stands only a 47 percent chance of being re-elected and the GOP is favored by nearly 50 percent to win.

Here are the latest odds and predictions from Intrade

1. Mitt Romney to be the Republican presidential nominee: 67.3 percent.

2. Rick Perry to be the Republican presidential nominee: 13.3 percent.

3. Barack Obama to be re-elected president in 2012: 47.6 percent.

4. Herman Cain to be the GOP nominee: 8.9 percent.

5. Chances the eventual GOP nominee will beat Obama: 49.5 percent.

6. Florida Sen. Marco Rubio to be the 2012 GOP running mate: 25.5 percent.

7. Republicans to control the Senate after the 2012 elections: 71 percent.

  • See: a slide show of who's in and out for the GOP in 2012.
  • Vote now: Who is your pick for the 2012 GOP nomination?
  • Browse: a collection of political cartoons on the 2012 GOP hopefuls.