Here are the "betting lines" as of today on several 2012 election races published by InTrade, Inc. and international online bookeeper. These lines are the result of millions of dollars actually bet on these questions by real bettors worldwide with InTrade. InTrade's accuracy over several recent election cycles is amazing. Their bettors have accurately picked the last four Presidential primaries and general elections, the House and Senate races for the last four cycles, all fifty U.S. gubernatorial races, etc.

Arguably, the InTrade odds, which are based on real money being bet by real bettors, is more accurate than any of the polling done so frequently these days.

Here are the current betting odds on elections that we may be interested in. Remember, these are the probabilities of occurrence based on millions of dollars bet worldwide on these questions. There is no political slant to these probabilities. They are the product of real bettors trying to make money by wagering on our democratic electoral process.

• Obama wins the 2012 Presidency (50%)
• Romney wins the 2012 Presidency (33.7%)
• Perry wins the 2012 Presidency (4.7%)
• Cain wins the 2012 Presidency (2.5%)
• Democrats control the Senate after the 2012 elections (25%)
• Republicans control the Senate after the 2012 elections (72.6%)
• Democrats control the House after the 2012 elections (26.1%)
• Republicans control the House after the 2012 elections (71.7%)

So it looks like the bettors, betting real money on the electoral outcomes, believe quite strongly that the 2012 elections will swing the entire Congress to Republican control. The bettors currently believe that Barack Obama will be re-elected, but if his opponent is Mitt Romney, it will be a close race. If his opponent is any of the other GOP primary candidates, Obama will be virtually assured of re-election.

Remember...FOLLOW THE MONEY!