Dems No Longer Favored to Win in 2020: Bettors Back Trump Repeat
For the first time since Donald Trump became President of the United States, the Democratic party is no longer favored to take back the White House in 2020.
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Dave Mason of BetOnline, one of the largest online sportsbooks serving the US market place, revealed via a tweet Thursday.
Interesting...
— Dave Mason (@DaveMasonBOL) July 11, 2019
2020 Election now a pick 'em
Republicans -110
Democrats -110
Dems have been favored since Trump took over. No longer.
64% of the early bettors believe the Republicans repeat.
Odds> https://t.co/vZ4T1zZNFN
The shockwaves could be felt throughout the political betting sphere early Thursday.
In terms of actual candidates, Trump (-110) is favored six points ahead of Kamala Harris (6/1) and nine points ahead of Elizabeth Warren (9/1) to win back the Presidency. Presumptive Democratic nominee favorite Joe Biden came in at 12/1 odds.
A clear favorite it yet to emerge among the Democratic party, thus prompting Trump to enjoy a wide advantage over any other candidate in the field. His -110 odds, however, still offers excellent value despite the large cushion.
On Wednesday, businessman and political donor Tom Steyer entered the race at 50/1 odds. He's been given 100/1 odds as of Thursday, an indication that his inclusion has drawn little interest from the betting public.
- Gilbert Horowitz, Gambling911.com
