John Edwards and Arnold Schwarzenegger are Running for President?

Lee Corso, a former football coach and current commentator on ESPN’s College Game Day, has a great expression, “Somebody knows something.”  When he says that, he usually means the betting line for a game is not what one would expect.  For instance, if Alabama is favored by only two points against Vanderbilt, it likely means that bettors, for some reason, believe that Vanderbilt is much better prepared than usual or Alabama is much worse prepared than usual.  That is, somebody has some inside information about Alabama or Vanderbilt.

Somebody seems to know something about Arnold Schwarzenegger and John Edwards.  If you had asked me the odds that they’d even run for president, I would have guessed something on the order of 10,000 to 1.  Yet, Paddy Power, a betting site, places the odds that they will win their party’s nomination at 50:1 for Edwards and 66:1 for Schwarzenegger.

I predict that within the next several months we’ll see some kind of pseudo announcement from each that they are running–e.g. a trip to Iowa or the formation of an exploratory committee.

  1. ctlaw

    They are vanity bets. The actual probabilities are so low that the house will make a killing win or lose.

    Even if you have somehow fixed the process for Edwards to win, until more than 2% of the money is bet on him the house is at no risk. If there is a sudden increase and 10s of billions are bet on Edwards, people will investigate to find that fix.

  2. Albert Arthur

    But Arnold was born in Austria!

    Racist!

    I’m not. He was born in Austria.

    That’s just white privilege speaking.

    OFFS.

  3. ctlaw
    Albert Arthur: But Arnold was born in Austria!

    Racist!

    I’m not. He was born in Austria.

    That’s just white privilege speaking.

    OFFS. · 10 hours ago

    We should amend the Constitution. After all, nothing bad ever happens when a large destitute country elects an Austrian immigrant to lead it.

  4. genferei

    Arnie is now (for President) 150/1. So are:

    • Michelle Obama

    • Rick Perry
    • Chris Matthews
    • Michele Bachmann
    • Janet Napolitano
    • John Kerry
    • Ron Paul

    John Edwards is 200/1 with the Donald, Newt and Al Franken. Alec Baldwin ties with Eva Longoria on 400/1.

    You can even bet on Richard Dawkins  being the next Pope. The odds are, of course 666/1.

    In other words, the odds are set to attract bets at this stage. There is no inside knowledge.

  5. Valiuth

    Yah considering that Arnold by law does not qualify, it seems like a bad bet. John Edwards is a shameless weasel, so anything is possible with him. 

  6. Pony Convertible
    Valiuth: Yah considering that Arnold by law does not qualify, it seems like a bad bet. John Edwards is a shameless weasel, so anything is possible with him.  · 0 minutes ago

    Arnold can qualify as long as he doesn’t allow his birth certificate to be made public. 

  7. Shane McGuire

    Put me down for $10 on Chris Matthews. I’d like to see an all pundit ticket: maybe Matthews could tap Joe Scarborough for veep in order to move to the center.

  8. Zafar

    Calling Orly Taitz, calling Orly Taitz….

  9. Percival

    The Paddy Power site is “down for maintenance.”

    Alright… which one of you jokers has been touting Jon Huntsman?

  10. Pencilvania

    I think I saw on Twitter that either Steve King or Peter King, can’t remember which, was exploring ideas of running for the GOP nom. ‘King for President’ would be  a fun bumper sticker.

  11. Roberto

    Our philandering, maid tapping, former Governator gave the great state of California so much, indeed his election marked the absolute implosion of the GOP here.

    A perfect national candidate in this day and age.  

  12. Albert Arthur
    Pencilvania: I think I saw on Twitter that either Steve King or Peter King, can’t remember which, was exploring ideas of running for the GOP nom. ‘King for President’ would be  a fun bumper sticker. · 18 minutes ago

    Any minute now a judge in Tennessee is going to rule that he has to change his name.

  13. Scott Abel
    ctlaw

    Albert Arthur: But Arnold was born in Austria!

    Racist!

    I’m not. He was born in Austria.

    That’s just white privilege speaking.

    OFFS. · 10 hours ago

    We should amend the Constitution. After all, nothing bad ever happens when a large destitute country elects an Austrian immigrant to lead it. · 7 hours ago

    ctlaw Godwin’s, drops the mic, walks off stage. Beautiful.
  14. EThompson
    Tim Groseclose: Lee Corso, a former football coach and current commentator on ESPN’s College Game Day, has a great expression, “Somebody knows something.”  When he says that, he usually means the betting line for a game is not what one would expect.  For instance, if Alabama is favored by only two points against Vanderbilt, it likely means that bettors, for some reason, believe that Vanderbilt is much better prepared than usual or Alabama is much worse prepared than usual.

    As a former sportswriter for The Vanderbilt Hustler , your undue optimism lost me in the first paragraph. :(

    As depraved as the Democratic  party has become, I can’t believe the Clintonistas et al. would allow the sociopathic John Edwards to raise his head from the mire.

  15. Randy Weivoda

    I could seriously see John Edwards being a viable Democratic candidate.  There are a lot of voters who want to elect Santa Claus, and based on his performance in 2008, Edwards will promise anything to anybody. 

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