Barack Obama 1/2
Mitt Romney 13/8
That means people putting real money on the table are saying that as of today the odds are 2 to 1 in favor of Obama, 8 to 13 in favor, i.e. 13 to 8 against Romney.
This is consistent with the steady 60 on Intrade in favor of Obama.
Disregard the polls.
The betting money says Obama wins.
It is an uphill race for Romney.