Today is election day.
Here are Obama’s odds of being re-elected, according to the Irish betting site, Intrade. Latest figure: around 74%. This moved up late in the morning. It had been at 70% in the early morning hours.
This figure does not mean that he will win with a 74% majority. It means only that there is a 74% possibility that he will win. So, even if you were given two-to-one odds (66.6%), it would be a bad bet to pick Romney.
Obama has been the favorite ever since late January 2012.
Here is the Electoral College map at 7:42 a.m.
Obama: 303. Romney: 235.