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If the candidates that has a chance at making it to run-off are Sarkozy, Royal, Bayrou and Le Pen then these are the possible run-offs:
Sarkozy vs. Royal? Sarkozy vs. Bayrou? Bayrou vs. Royal? Sarkozy vs. Le Pen? Royal vs. Le Pen? Bayrou vs. Le Pen?
So which are likely? Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
All others are equally (not very) likely, in my mind, except Le Pen-Bayrou. In order of decreasing likelihood:
Bayrou vs. Royal. Bayrou wins with the right. Royal vs. Le Pen. Royal wins 60-40. Sarkozy vs. Le Pen. Sarkozy wins with low participation Sarkozy vs. Bayrou - Bayrou wins with the left.
Bayrou vs. Le Pen. Nah. In the long run, we're all dead. John Maynard Keynes
did i miss something ?
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