Handicapping the 2008 Republican nominee race

Here, from tradesports.com, are the odds for possible Republican nominees for the 2008 presidential elections. The number after each name represents the latest price (as of noon eastern time today) paid for a contract which ultimately pays $100 if that person becomes the 2008 presidential nominee from the Republican party.

• George Allen, $19.30
• John McCain, $17.80
• Bill Frist, $14.00
• Rudy Giuliani, $10.80
• Jeb Bush, $7.70
• Mitt Romney, $6.40
• Condoleezza Rice, $5.00
• Chuck Hagel, $4.80
• Richard B Cheney, $3.00
• George Pataki, $2.90
• Colin Powell, $2.50
• Bill Owens, $2.50
• Newt Gingrich, $1.20
• Rick Santorum, $1.10
• Tommy Thompson, $1.00
• Mark Sanford, $1.00
• Arnold Schwarzenegger, $0.70
• Haley Barbour, $0.70
• Sam Brownback, $0.50
• Tim Pawlenty, $0.50
• Tom Ridge, $0.20
• Michael Bloomberg, $0.20
• Lindsey Graham, $0.20
• Elizabeth Dole, $0.20
• Tommy Franks, $0.10

Jeb looks a tad underpriced, Rudy a tad overpriced.

Update: See the Democratic list here.