NO
Bush can wrap up the state of Ohio BEFORE all the ballots are counted.
For example, if there are 100,000 ballots remainining to be counted and Bush leads by 134,000 votes, the election is won.
I would anticipate the election being over Thursday evening............either by Bush being declared the Ohio winner, or Kerry conceding victory.
I would anticipate some sportsbooks to grade BUSH the winner then.........not all.........but some.