Before last week’s debates among the top 2020 Democratic candidates for president, it appeared to be Joe Biden’s race to lose. Things have suddenly tightened up in that race according to the updated betting odds at Bovada.
Bovada online sportsbook is the most popular sports betting site catering to the US market. It has also been posting political betting odds for the upcoming 2020 presidential election for the past several months. Former vice-president Joe Biden, as part of the Obama Administration, had a sizable lead on an expansive Democratic field heading into the debates. His actual betting odds to win the presidential nomination for the Democratic Party were +200 with +350 odds to win the 2020 election.
Updated Betting Odds for Democratic Presidential Candidates
After the debates, it is a whole new ball game. Biden’s updated odds to represent the Democrats in the election are now +275 with Kamala Harris joining him at the top of the list. Elizabeth Warren also made a big move up the board at Bovada as a +450 third-favorite. Pete Buttigieg is fourth on the list at +500. Bernie Sanders took the biggest tumble on the board to round out the Top 5 candidates at +550 betting odds. Things fall off from there with Andrew Yang next at +1500 followed by Beto O’Rourke at +2000.
Betting odds are driven by actual money coming in on a particular wager option. They are also driven by public perception and what might happen in the future. Bovada dropped the odds on Harris to protect its own interest. The goal of any sportsbook is to move the action around by changing the odds to ensure that the net result yields a profit on that bet.
Odds That THe Republican Party Maintains Control Of The White House
What this means for the Democratic Party as a whole remains to be seen. The updated betting odds that any Democratic wins the 2020 presidential election are set at -120. They were set at -125 ahead of the debates. The odds that the Republican Party maintains control of the White House are basically the same at -110.
The recent debates also had an impact on Bovada’s odds to win the 2020 election outright. Donald Trump’s odds to win before the debates were an even-money +100 and they remain the same. Biden closed the gap to +350 amid reports that he was leading the early polls in several important swing states. Those odds have been elevated to +550 following the debates along with Harris joining Biden as the other second-favorite.
And even as Trump has rushed to legitimize a dictator in North Korea with dozens of nuclear weapons, he trashed the Iran nuclear deal — a deal that was working to keep Iran far away from a single nuclear bomb.
— Joe Biden (@JoeBiden) July 1, 2019
Political Propostion Betting
Warren’s odds to win the general election are now +850 as the fourth-favorite. Sanders and Buttigieg are next on the updated list at +1000 betting odds.
A new betting option for this round of political props cover the odds that Trump does get Impeached during his first term. The odds favor NO at -350 with +225 odds that he does get Impeached by the Democratic-controlled House of Representatives.
Both the next round of Democratic debates and Trump’s ongoing antics in the White House will continue to have an impact on all of these betting odds. This should keep things interesting right up to November, 2020.