Nearly $18 million bet on Romney's VP pick

Traders on the Ireland-based Intrade political betting market have placed $17.8 million worth of bets on whom GOP presidential hopeful Mitt Romney will pick as his ticket's vice presidential candidate. Gamblers have put the most money on Ohio Sen. Rob Portman and former Minnesota Gov. Tim Pawlenty.
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Who's your money on?

Traders on the Ireland-based Intrade political betting market have placed $17.8 million worth of bets on whom Republican presidential nominee Mitt Romney will choose as a running mate, ABC News reports.

Ohio Sen. Rob Portman hovered around a 5 percent chance until April, then as his appearances with Romney increased, so too did his Intrade odds. The Ohio senator's peak value of 39 percent came on July 11.

Tim Pawlenty, who waged a short-lived bid for the GOP nomination last year, has seen his odds drop over the past week by about 3 percentage points. The former Minnesota governor now sits at 22 percent.

Meanwhile, Huffington Post examines whether Wikipedia can predict who Romney will choose as his vice presidential running mate. If the last presidential election is any indication, yes, HuffPo says.

What would be worse for Romney than a Sarah Palin-type flameout, DailyBeast writer Michelle Cottle asks. A dull white guy, she argues.

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