IEM Favors Bush

The betting public is laying odds President Bush, a leading opponent of casinos, will be re-elected in a landslide. Futures players using the Iowa Electronic Market are betting 3-to-1 Bush will slam Sen. John Kerry on Nov. 2. So far, 2,800 traders have bought $290,000 in futures contracts, or wagered legally, on the IEM Web site operated by faculty at the UNIVERSITY OF IOWA, about in line with past betting on presidential politics, a spokesman said. Post-debate bets on the offshore Olympic sports book, however, showed a significant erosion in the odds favoring Bush.