New Unemployment Rate Numbers Could Boost Obama Odds

Submitted by Carrie Stroup on

Written by :

Carrie Stroup

Published on :

Just when you thought GOP nominee Mitt Romney was starting to make some headway in the US Presidential race, jobless numbers released Friday took a sharp and unexpected decline, the lowest they have been in four years.

Sportsbook-250A.jpg

The unemployment rate fell to 7.8 percent in September, falling below 8 percent for the first time since President Barack Obama's inauguration.  Overall, the Department of Labor report suggested the job market may be getting stronger but remains sluggish.

Romney’s stock rose among the gambling public by 30 percent following his highly praised Wednesday night Presidential debate performance. 

Sportsbook.com maintained Obama’s odds at -260, however.  Obama winning the US Presidential election next month is the single most wagered on option currently featured on the popular betting site

- Carrie Stroup, Gambling911.com Senior Reporter  

Related Content

Falcons vs. Packers Total Rushing Yards Prop Bets: Bijan Robinson, Kaleb Johnson, MarShawn Lloyd

Falcons vs. Packers Total Rushing Yards Prop Bets: Bijan Robinson, Kaleb Johnson, MarShawn Lloyd

Bijan Robinson is the big -230 favorite to have the most rushing yards for Thursday's game between the Atlanta Falcons and Green Bay Packers.
James Talarico Now Priced at -185 to Win Against Ken Paxton in Texas Senate Race

James Talarico Now Priced at -185 to Win Against Ken Paxton in Texas Senate Race

This comes as a new Marist poll released on Sept. 23, 2026 shows Talarico leading 50% to 44%.
Florida Panthers Favorites to Win 2027 Stanley Cup With Payout of $800 on a $100 Bet

Florida Panthers Favorites to Win 2027 Stanley Cup With Payout of $800 on a $100 Bet

The Carolina Hurricanes begin their defense of the Stanley Cup this coming Tuesday by raising the championship banner against the Florida Panthers—the winners of the previous two Stanley Cups.

You Can Now Bet Which Week the LA Chargers Win a Game

You Can Now Bet Which Week the LA Chargers Win a Game

Every week throughout the season, we will have props via BetOnline Sports & Casino pertaining to the upcoming week’s games and pressing stories in the NFL.