In 2000, The Republican US Presidential candidate George W. Bush won 271 electoral votes.
This claim will pay according to how many EVs the Republican candidate gets in 2004.
Here is a chart of the payout. EVs refers to Electoral Votes given to the Republican candidate for president.
0 EVs pays 0100 EVs pays 0200 EVs pays 0220 EVs pays 0221 EVs pays 1230 EVs pays 10240 EVs pays 20250 EVs pays 30260 EVs pays 40270 EVs pays 50 280 EVs pays 60290 EVs pays 70300 EVs pays 80 310 EVs pays 90319 EVs pays 99320 EVs pays 100more than 320 EVs pays 100
The formula for payout is (Number of Republican EVs) - 220, between 0 and 100.
There are 538 EVs total. 270 EVs ensures a majority. If there isn't a majority, the winner of the presidential election is determined by the House of Representatives, however, that has no effect the payout of this claim.
For purposes of this claim, I will use the _actual votes_ from the Electoral College. This may vary in some years from the votes the popular vote in that state might indicate. If there is some variance of opinion concerning how the Electors votes should be counted, I'll take my best shot.