Joe Biden Now Heavily Favored to Win Democratic Nomination

Democratic Presidential candidate Joe Biden has gone from a big underdog to a prohibitive favorite to win the 2020 Democratic Presidential nomination. Biden dominated Super Tuesday and took the lead in delegates against Bernie Sanders. The win by Biden in many of the Southern states and in Texas put Biden in front of Sanders and bettors are now heavily betting on Biden to be the Democratic nominee who will take on U.S. President Donald Trump in the November election.

Odds to Win 2020 Democratic Presidential Nomination

Odds to Win 2020 U.S. Presidential Election

Odds to Win 2020 U.S. Presidential Election

Biden is heavily backed by Wall Street and those in the financial markets, as the power brokers don’t want anything to change. Sanders is a maverick who has promised he will change the way that a lot of people do business and those with a lot of money are afraid of a Sanders’ presidency. They are greatly relieved that Biden has taken the lead in the 2020 Democratic Presidential race. Real Clear Politics now says that Biden is a solid favorite to win the nomination and the betting odds agree. Political betting odds have shifted dramatically, as before Super Tuesday, it was Sanders who as the favorite, while Biden was a big underdog.

While Biden has surged and Sanders has fallen, Trump is still the favorite to win the 2020 Presidential election. The odds on Trump were once over 2-1, but they have dropped recently with Biden the likely Democratic nominee and due to the fact that the U.S. economy could be slowing down due to the coronavirus.

Political Odds Volatility

What this last week should tell you is that political odds are extremely volatile. The turnaround for Biden against Sanders is nothing short of amazing. It was just over a week ago that people were giving the Democratic nomination to Sanders and writing off Biden as being done. Biden ended up winning 10 of 14 states on Super Tuesday and went from a longshot to a favorite. Could we see another reversal before the race is over?

The problem for Sanders is the map. Biden is going to be favored to win Missouri, Mississippi and Michigan. There is no real chance that Sanders is going to be competitive against Biden in Missouri or Mississippi, so it all comes down to Michigan. Sanders will likely win Washington and he may win North Dakota and Idaho, but Michigan is the key because of the delegate count. If Sanders gets run over in Michigan the race could be over.

"I'm not sure how or where Bernie can turn it from here. That does not mean that he won't try and that it won't be a long, hard fight. But in the end, I don't see where the window turns for him." said Joe Trippi, a Democratic campaign operative to the media. The math for Sanders doesn’t get any better as he faces a tough go in big delegate states, Florida, Illinois and Ohio. Biden is said to be leading big in Florida, while the races in Illinois and Ohio are closer.

If Sanders is to have any chance to climb back into the race he needs to have a good showing in Michigan. Matt Grossman, a political scientist at Michigan State University said that Sanders needs to win Michigan. "He's going to be expected to have a good showing," Grossman said to the media, "And I think because he won last time and this is a general election swing state that it will be the main story, and the expectation is Sanders needs to win."

Not only did Biden get a huge boost from Super Tuesday, he also got endorsements from Pete Buttigieg, Amy Klobuchar, Michael Bloomberg and Beto O'Rourke. All four of those candidates dropped out of the race and endorsed Biden. He may also get an endorsement from Elizabeth Warren who is a big opponent of Sanders.

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