• Odds Of Winning The Democratic Nomination
• Current Odds Of Winning Democratic Nomination

Latest odds Biden 99 in 100 (99%) No one (0.1%) Sanders 100 (0%). Online sportsbook Bovada has released the 2024 Democratic nominee odds with Biden sitting as the +250 favorite.

Many have been looking ahead to 2020 since the moment Donald Trump took the Oath of Office back in January of 2017. Yet another presidential election is only a year away, which is somewhat hard to believe since the 2016 election still feels fairly fresh.

Plenty of people have entered the race with aspirations of unseating Trump next November. The vast majority of them will fail, of course, but that hasn’t stopped hopefuls from giving it a shot. As many as 2 dozen Democrats jumped into the race at some point, but the field has already whittled itself down to 16.

While it may seem a bit late with the Iowa Caucuses coming up in early-February, a new name appears primed to join the race. Reports on Thursday afternoon indicated that former New York City mayor Michael Bloomberg is ready to run for president. He has reportedly filed the necessary paperwork in order to get on the ballot in Alabama before Friday’s deadline, which is a pretty clear indication of his plans.

What does Bloomberg’s decision mean for the Democratic nomination? Can he actually win? And, can he beat Trump if he does wind up securing the nomination?

Long Shot Betting Odds

Bloomberg has not yet formally announced his plans to join the race, but reports say that announcement could come as early as next week. The 77-year-old has toyed with the idea of running for president several times in the past, but he now seems motivated to actually take the next step.

While he does have plenty of name recognition, Bloomberg is still seen as a long shot by oddsmakers. BetOnline did not even give Bloomberg odds until November 7, when word started to leak that he could be considering a run. The former mayor is now at +800 to win the nomination, which puts him in the same territory as a leading candidate in Bernie Sanders (+800).

Bloomberg actually has far better odds than most of the candidates that have been in the race for months. Here is a complete look at the updated odds to win the Democratic nomination, per BetOnline:

BetOnline has also given Bloomberg +1400 odds to win the general election, which gives him the exact same odds as Sanders and Pete Buttigieg. Warren (+300) and Biden (+800) are the Democratic frontrunners, while Trump (+140) currently paces the field as the lone Republican with betting odds.

Why is Bloomberg Running?

As mentioned, Bloomberg has long considered the idea of running for the White House, but this will be the first time he actually does so. Bloomberg announced back in March that he would not run for presidency, and those in the know say that he made the decision because he believed that former vice president Joe Biden would be too daunting an opponent.

So, Bloomberg’s late decision to run is a pretty clear sign that he and others are worried about Biden’s ability to finish the job. Biden is still listed among the betting favorites (+400 to win the nomination, +800 to win the presidency), but his campaign has not taken off the way many thought it would when he initially decided to run.

Biden is courting moderate Democrats and preaching a message of unity in this age of political divisiveness. He is also pandering to the wing of the Democratic party that fondly remembers the Barack Obama years. He was Obama’s vice president, after all.

Should he enter the race, Bloomberg would try to appeal to the same base of voters that Biden is targeting, which could complicate things. They’re comparable in age (Bloomberg is 77, Biden is 76), but Biden has made headlines over the course of his campaign due to a number of gaffes that have left many wondering whether he is physically and mentally capable of running the country. Those same questions don’t seem to be there for Bloomberg despite the former mayor being a year older.

Those in charge of the Democratic party are also fearful that a more left-leaning candidate like Elizabeth Warren or Bernie Sanders would not be able to get mainstream voters on board with their more liberal agendas. Warren and Sanders have been steady challengers to Biden’s frontrunner status, but some insist that voters in the general election are more interested in a centrist candidate.

Bloomberg is essentially running in an attempt to replace Biden as the centrist alternative to the Warren/Sanders wing of the party. South Bend mayor Pete Buttigieg has risen in recent polls as a centrist, as well, but he has generated almost zero support among African American voters.

Bloomberg’s Political Track Record

Billionaire businessmen running for president seems to be in vogue these days. Trump obviously succeeded in his first formal run in 2016, while Tom Steyer recently joined the race on the Democratic side. Former Starbucks CEO Howard Schultz infamously considered running earlier this year, but he was essentially laughed out of the race by social media. Andrew Yang may not be a billionaire, but he is another wealthy businessman with no previous political experience.

Unlike the other billionaires, though, Bloomberg actually has quite a bit of political experience under his belt. Being the mayor of a city as massive as New York is no small thing. NYC is home to 8,000 times as many people as South Bend, Indiana, for example.

Bloomberg was in office in New York from January of 2002 until New Year’s Eve of 2013. He actually ran for mayor as a Republican, and he was elected to 3 terms in all. He switched his affiliation to Independent before being elected to his third term in 2009. In 2018, he registered as a Democrat.

Democratic Nomination

Odds Of Winning The Democratic Nomination

Some believe that Bloomberg has the nebulous “electability” that candidates like Warren and Sanders do not. He has name recognition, he has money and he has a political track record. Bloomberg will reportedly fund his own campaign to start, which will make him ineligible for the televised Democratic debates.

Whether Bloomberg is actually more electable than some of the other frontrunners in the field obviously remains to be seen. That said, the fact that he is a well-known commodity at this point makes him an interesting value betting option. He’s certainly more viable than someone like Yang (+1200), who has a strong base of support but seems to be having trouble breaking into the mainstream.

That said, it’s also tough to gauge how a new candidate will fare before they actually begin campaigning. Biden was supposed to take off, but he hasn’t. Former Texas congressman Beto O’Rourke was seen as a heavyweight when he entered the race, but he flamed out very quickly before eventually dropping out last week. Kamala Harris is another candidate whose campaign has gotten stuck in the mud.

I don’t think Bloomberg would enter the race, especially at this late stage, if he did not think he had a realistic chance of winning. While candidates like Biden and Buttigieg seem to get lost in campaigning on things like unity, I think Bloomberg can actually find some footing in the race if he focuses on common-sense policy ideas with a consistent, coherent message.

Current Odds Of Winning Democratic Nomination

Bloomberg at +800 to win the nomination is a very interesting value. I’d bet on that before the odds are able to correct themselves.

Can Bloomberg Beat Trump?

Whichever candidate winds up securing the Democratic nomination will have a tough battle with Trump, who proved to be a formidable foe for Hillary Clinton in 2016.

That said, Trump’s approval ratings have been consistently low during his time in office to this point, and the threat of impeachment is currently looming over him. It seems more likely than not at this point that the House of Representatives will vote to impeach Trump sometime before the calendar flips to 2020.

However, the Republican-led Senate seems unlikely to vote to remove the 45th president from office, which would obviously keep him on track to run for re-election next year. Trump is very likely to lead the Republican ticket again in 2020, even if he winds up getting impeached in connection with the ongoing Ukraine scandal.

Polling indicates that most of the current Democratic contenders would beat Trump in a head-to-head election. Polls should be taken with a grain of salt, of course. Clinton consistently crushed Trump in the polls leading up to the 2016 election, and we know how that turned out. Trump will have his base of voters by his side no matter what, and it’s also certain that Russia will try and help Trump win, just like they did last time around.

Frankly, I think any candidate that winds up securing the Democratic nomination is better than a 50-50 bet to win the general election. For that reason, Warren (+300), Biden (+800), Sanders (+1400) and Bloomberg (+1400) are all excellent betting values at this point. It’s really just a matter of deciding which candidate you think has the best chance of actually winning the nomination. Warren has the lead as of now, but we’ll see if Bloomberg’s presence winds up affecting the rest of the field.

Political betting is inherently risky considering things can change in the race on a daily basis. Those that bet on someone like Beto O’Rourke to win the election know that more than anyone. That said, it will be interesting to see how Bloomberg joining the fray will shake up the race on the Democratic side.

November 4 Update: With most of the vote counted, it looks like Joe Biden will win a closely contested election and flip the White House to the Democratic Party. However, with several states still certifying their ballots and slowly releasing their counts, you can still wager on those state outcomes. This is, in effect, political live betting, and you can participate by signing up now at any election betting site listed here.

In 2016, the Democrats had just as tumultuous a Presidential race as the Republicans did. With scandal and drama surrounding the DNC’s treatment of Bernie Sanders and an FBI investigation into party nominee Hillary Clinton, things were anything but standard in that election. The political whirlwind that ensued did result in a few positive consequences, though, including providing a fertile environment for political betting in 2020.

Among the various political betting lines and odds for the 2020 US presidential election, there are party-related wagering options that include a variety of Democrat betting odds. For those individuals interested in accessing betting action that is party specific in nature, we have created this informational guide. It is designed to serve as a resource for understanding how the political betting industry has integrated lines for legally placing bets specifically for or against the Democratic Party using Vegas election odds models.

🦠 Coronavirus Update: Due to the Coronavirus, Democratic candidates have seen their odds fluctuate over the last weeks. Not only are candidate odds changing with the pandemic, but Vegas election odds have also been affected by the Coronavirus.

Democratic Presidential Candidates for 2020

The field of Democrats running for the 2020 Presidency currently has eight (8) candidates participating. Each candidate has unique running policies and positions they represent. While the field may be packed, there are plenty of odds and betting lines on the Presidential candidates.

Where Can I Legally Place Bets On The Vegas Democrat Odds?

All of the sportsbooks that you see listed in this guide offer US-friendly political betting lines. They have all been vetted by our team of analysts through an intense review process where we have ensured that they are all operating legally within the industry and are safe to use for US bettors.

Each destination either holds their own licensing credentials or are owned and operated by a parent company that possess licensing in multiple jurisdictions. These political sports betting sites that accept USA customers are secure and high-quality destinations that offer a healthy variety of political wagering opportunities.

Most Reputable US Online Sportsbooks To Bet On The 2020 Presidential Election

2020 Democratic Presidential Nominee – Joe Biden

As of this writing, its far too early to determine the Democratic Presidential Nominee. Right now, the list of Democratic candidates who have entered the race has been narrowed down from nearly 30 to just eight, and another culling is coming soon. All presidential betting odds are currently in the 'futures' section of your sportsbook's betting lines, with some options available in the 'prop bets' section.

While it's way too early to be sure who's getting the DNC nod, some bettors are taking a stab at it anyhow because getting their wagers in ASAP will reap significant payouts should they end up predicting the candidate that wins the 2020 Democratic nomination and Presidential Election.

2024 Democratic Nomination Odds

• Joe Biden +250
• Kamala Harris +250
• Alexandria Ocasio-Cortez +1200
• Elizabeth Warren +1200
• Stacey Abrams +1200
• Michelle Obama +1400
• Andrew Cuomo +1600
• Andrew Yang +1600
• Bernie Sanders +1600
• Pete Buttigieg +1600
• Michael Bennet +2000
• Michael Bloomberg +2000
• Amy Klobuchar +2500
• Cory Booker +2500
• Gretchen Whitmer +2500

* More odds available at Bovada

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Will Democrats Take The House in 2022?

The ability and likelihood of Democrats taking over the House of Representatives in the 2022 Midterms (or keeping it, should they maintain their current majority) depends on who is named President in the 2020 Election, the bills and laws introduced before the next Midterms, and so on. At this moment in time, it is far too early in the political cycle to determine whether the Democrats will take over the House in the upcoming Midterm elections.

Will Democrats Take The Senate 2022?

The likelihood of the Dems taking the Senate in 2022 depends on the makeup of the Senate itself before the elections, the number of seats available, who is President at the time, and which laws are being introduced before the Midterms. While it is far too early to assume the outcome, odds for the Senate Races will be posted as we near the next Midterms, which will certainly spark some debate at that time. If the Democrats take the Senate over from Republican control in November 2020, they will have a historically better chance of keeping it then wresting back control, especially since many analysts are projecting the GOP to increase their Senate numbers in 2020.

Other Types of Democrat Odds To Bet On

Quite a few of the political betting odds we see online are party specific in nature. For example, you can vote on which party will win the White House, which party will receive the popular vote, which party will receive the electoral vote majority, Vice President odds, and which party will have the most voter turnout. Each political betting site offers different Vegas election odds and betting lines, so you can compare the lines at our recommended betting sites to determine which destination covers the odds that interest you more.

You can bet on any party on any line. Do not confuse your bets with your vote. You are not obligated to place bets to favor the same candidates you are voting for.

Democratic Congressional Candidates For 2020

Other Pages Of Interest

• Primary and Caucus Betting - Find odds for the 2020 Caucuses and Primaries for each state as they become available.
• State Electoral Vote Odds - Find current odds for each candidate to win the electoral college vote in a specific state.
• Republican Betting Odds - Find the latest betting odds for the Republicans to win in the 2020 election.
• Third-Party Politics - An in-depth look at other political parties in the USA and what candidates each could produce.
• Independents - A closer look at possible Independent candidates.
• Political Prop Bets - See the latest political prop bets leading up to the 2020 Presidential election.
• Presidential Debates - Learn more about betting lines associated with the 2020 Presidential debates.