A month ago, Bernie Sanders was headed into the Nevada caucus riding a crest of momentum. Having finished second in Iowa and winning New Hampshire, Sanders was the clear Democratic front-runner.
Joe Biden was an after-thought. The question wasn’t, “When will Biden’s campaign get on track?” Instead, it was, “This is getting sad. When will Biden drop out?” His 2020 Presidential election odds had plummeted to the +2500 range.
One month later, Biden is cruising to the Democratic nomination. And he’s now pulled even with Donald Trump in betting markets.
Donald Trump no longer odds-on favorite to win presidency
Trump’s re-election odds were pushing -175 just a couple weeks ago. However, his response and attitude around the COVID-19 outbreak — and the economic downturn that’s come with it — has made an impact.
Trump is now priced between +100 and +110, same as Biden.
Interestingly, Mike Pence has seen his 2020 presidential odds shoot up to the +2500 to +2800 range, same as Bernie Sanders.
|Candidate||bet365 odds||Betway odds|
|Donald Trump (R)||-110||-125|
|Joe Biden (D)||+130||+120|
|Andrew Cuomo (D)||+2500||+2500|
|Bernie Sanders (D)||+2500||+3300|
|Mike Pence (R)||+2500||+4000|
Biden cruising to nomination
Despite a poor showing against Sanders in their Sunday night debate, don’t expect anything to slow Joe Biden down from winning the nomination.
The coronavirus coverage is absolutely dominating the news cycle. There is nothing Sanders can do at this stage to overcome the volume of COVID-19 stories in the news cycle.
From a betting perspective, there’s a finality (finally) to who the 2020 election choices are.