2020 Democratic Nominee Betting PT 2

Biden may be the favourite but when one takes a look at the betting markets you get the idea that he may not be anything more than a lukewarm favourite at this point as his price indicates that the bookmakers just aren’t sure about him. Being the significant front runner and having so many other candidates in the mix makes him a big target and his status as “the old white guy” does seem to be affecting the tone of the media coverage of him.

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All of this is in sharp contrast to the fact that he served as Barack Obama’s vice-president for 8 years, somehow that appears to have escaped everybody’s mind at the moment.

Joe Biden trades at a top price of around 7/2 with several bookmakers and there are a couple of them who go a bit shorter than that price. He was trading at a price of around 5/1 back in March and a 7/1 listing back around the new year prior to him announcing his entry into the race. The bookmakers appear to be doing pretty brisk business on Biden and there are plenty of interesting permutations that could see him be dethroned as the betting favourite - potentially at the drop of a hat.

The general consensus that one gets is that everybody is waiting for that one big fatal mistake from Joe Biden that he can’t recover from. When there’s a slow news day he tends to get a lot more critical coverage and it’s worth remembering that during this phase of the Republic campaign for the 2016 race, Wisconsin governor Scott Walker was still the betting favourite.

That definitely offers up a bit of perspective.