Irish betting company says Obama will beat Romney

Paddypower, a legal betting company and online casino in Ireland and the UK, is giving odds that Romney will get the Republican nomination and Obama will be the next president.

From their email:

Republican Presidential Nomination
1/5 Mitt Romney
10/1 Rick Santorum

Next President
8/11 Barack Obama
13/8 Mitt Romney

They refunded money to those who bet Santorum would win in Iowa because “the margin for error is just too small.”