Virginia Gubernatorial Race: 95% Chance of Republican Win

If gamblers have anything to say about the Virginia Gubernatorial race, Republican candidate Bob McDonnell will win, possibly in a landslide. 

He's ahead in the polls and 95 percent of gamblers are backing McDonnell to win at the betting exchange intrade.com.

From the Associated Press:

The contest between Republican Bob McDonnell and Democrat R. Creigh Deeds provides a snapshot of sorts - 12 months after America elected Barack Obama as president and expanded Democratic majorities in Congress, and one year before midterm elections in every state.

And the picture, in Virginia as in the nation, is not pretty for Democrats.

Republicans are far more fired up than Democrats, and independents who leaned left just a year ago are tilting away. Frustration over the status quo, fear of the country's direction, and disillusionment about political leaders span the ideological spectrum.

"I'm disgusted by everything. We couldn't be at a worse place in this country," said Maria Taylor, a waitress in Purcellville's small business district. She calls herself an independent and hasn't decided whom to support as Virginia's next governor.

Prospects appear better for Democrats in New Jersey, where embattled Gov. Jon Corzine is in a close race with Republican Chris Christie in this year's other governor's race.  Intrade bettors were backing Corzine at a 72 percent clip.

Jagajeet Chiba, Gambling911.com