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American Politics Betting Update PT 2

This has obviously had some interesting permutations in the betting markets as a number of active markets are starting to shift pretty dramatically. Prior to the election, many had a feeling that Biden would not see out his full term in office and that Harris would be installed as President at some point prior to 2024. One definitely gets the feeling that there is less confidence in Harris now than there was at the start of the new regime and that has had an interesting impact on the betting markets. 

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As it currently stands, Joe Biden is trading around a 2/1 price tag to be reelected in 2024, one has to think at this stage that it’s definitely a bet-against. He is already the oldest American president in history and the questions surrounding his mental health and ability to effectively handle crisis are stronger than ever and look unlikely to dissipate any time soon.

It’s worth noting that the market on Biden to see out his full term has drifted up to a ⅝ price tag while him to step down or be removed from office prior to 2024 is available around a 13/10 margin with several top European bookmakers. Pay attention to that price over the coming weeks and months. 

Joe Biden needs a big win in the coming months and one really has to wonder where that’s going to come from in the short term. Kamala Harris could find herself on top of the ticket for 2024 and she is trading at an 11/2 price tag to secure a second term and become the first female president in history. This is also looking more unlikely by the day as she appears to be sloppy when dealing with the media and relatively inept at accomplishing anything other than keeping her head down and trying to stay out of trouble. 

The spectre of former President Donald Trump continues to loom large over the betting market and he is sitting firmly as the third choice to be elected as President in 2024. 

While many Americans probably don’t want this, a lot of people on both sides of the political sphere are willing to admit that Trump probably would have handled this situation with the Taliban much better than Biden did. Trump can be backed around a 6/1 price tag to be reelected and that would certainly be a tantalizing opportunity for the mainstream news media who seem to miss Donald Trump making their jobs easier each and every day. 

 

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