As one of the top online Sportsbooks in the industry, Bovada pulls in action on a wide variety of sporting events. In light of this November’s presidential election, betting props for political events have also drawn quite a bit of attention.
Most of the action has gone towards the odds for the result of the 2020 general election. The prop for which candidate will represent the Democratic Party has also been in the spotlight. Heading into the third primary/caucus on the road to the White House, Bovada has recently updated its odds.
Why Are The US Sportsbooks Updating Their Prop Odds For Democratic Field Before Nevada Primary?
The Nevada primary will take place on Saturday, Feb. 22. Ahead of that political event, another Democratic debate will take place on Wednesday, Feb. 19. Each of these events could impact the odds by this time next week. Bettors looking for value in the current numbers might want to place a strategic bet or two right now.
The bid for the Democratic nomination looks like it is turning into a two-horse race. Bernie Sanders is the clear frontrunner as a +135 favorite. His campaign appeared to be dead in the water late last year at much longer odds. Joe Biden held the top spot at the time. Elizabeth Warren was at the top of the list as well.
Sanders has demonstrated the staying power to assume and probably hold the lead.The dark horse in this race is former New York City mayor Michael Bloomberg?
He did not even announce his bid for president until late last year. He is currently second on the list and closing ground at +200 odds. A favorable showing in this week’s debate could further lower that number.
Much of the value has already been squeezed out of Bloomberg’s odds after starting as a prohibitive longshot. Yet, they will probably go even lower given his current momentum in many national polls. This guy is closing the gap with Sanders without even being on the ticket in earlier primaries.
From there, the betting odds for the next Democratic contender fall to +750 for Biden. If he does not fare well in the debate and in Nevada, those odds will go even higher.
Pete Buttigieg posted strong showings in early voting in Iowa and New Hampshire. At +800, there is some value in that number if he keeps trending in a positive direction.
Another rising star in this race is Amy Klobuchar at +1800. She is a hot topic right now with a good showing in New Hampshire . Bettors could easily see this number come down much lower. However, you still have to assess her chances to actually win the nomination.
Hillary Clinton was in the news this week as a possible running mate with Bloomberg. Her odds to actually lead that ticket as Democratic nominee for president are also +1800. The oddsmakers at the top US Sportsbooks must think that she does have a few tricks up her sleeve. Given the names ahead of hers on the list, you may not want to bet on it.