If the consensus of the pollsters is anywhere near right then Barack Obama should be a very short priced favourite to remain president of the United States. The Real Clear Politics average of all the current poll polls has him 3.5 points clear of Mitt Romney with Gallup putting the lead at a massive seven points.
On my rough calculation that would make him a better than 80% chance yet while Obama has been shortening on the Crikey Presidential Election Indicator in the last few days the market is providing much better value than that.
I've taken the 63.7% available at Intrade.
For anyone interested you will find a record of my little political bets on my web The Political Speculator.