Trump's Reelection Odds Improve While Bloomberg Jumps Biden
Following the State of the Union address and the uneven Iowa caucus results, President Trump's chances to be reelected have increased, at least according to the oddsmakers.
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On Monday morning, the gaming site BetOnline.ag listed Trump with -125 odds against the rest of the field to win the 2020 Election. By Thursday afternoon, his odds had moved to -160.
These odds imply a 61.5 percent chance President Trump will be elected for a second term.
--Election odds are subject to change and you can find current numbers here: https://www.betonline.ag/sportsbook/futures-and-props/politics-futures--
In other political wagering news, Michael Bloomberg has moved into the second position on the Democratic nominee odds board. Joe Biden has slipped to the third spot as bettors have reacted to the disappointing Iowa caucus results.
"We haven't take a Biden bet in days," said BetOnline.ag lines manager, Adam Burns. "Bloomberg was offering good value and bettors have really started to back him, as well as Bernie and Pete."
On Monday, Biden had odds as low as +200. Pete Buttigieg was listed at +1000 odds and Bloomberg +600.
Currently, Bernie Sanders is the Democratic frontrunner with +175 odds followed by Bloomberg (+400), Biden (+450) and Buttigieg (+600). Andrew Yang and Elizabeth Warren have +1200 odds and all other candidates are +2500 or higher.
Sanders is a heavy favorite (-600) to win the New Hampshire primary.
