Latest American Politics Betting Update PT 1

President Joe Biden has finally held his first press conference and the media are amplifying it as a good performance that sets a tone for a more moderate and less stressful presidency for the American populace. Despite this, things are definitely getting more interesting in the betting markets as punters try to figure out what the next political moves will be and how to profit from them. 

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One of the most interesting statements from Biden’s press conference was his contention that he planned to run for office again for a second term - when he would be 81 years old. 

Already the oldest American president in history, Biden continues to be dogged by questions surrounding his mental fitness. This was exacerbated by him taking three tumbles attempting to climb the stairs to Air Force One unassisted. Vice-President Kamala Harris has been publicly handling all calls with foreign leaders instead of Biden. 

Some bookmakers have been floating a market on whether Biden will be able to actually see out his presidency - this has long been a source of conversation and the general consensus amongst the political watchers is that he is likely to hand over the reigns to Harris after the midterm elections in 2022. 

Right now, punters will find Biden priced at odds-on to finish up the full four years of his presidency. You can back him to do so at a 13/16 price tag while Biden to step down at any point would reward at a solid price of around 11/8. One reckons that the bulk of the wagering will be on the “no” option in that market.