President Donald J. Trump’s odds to win reelection reached an all-time high this week following the announcement that articles of impeachment would be delivered by the House to the Senate.
Bookies officially gave President Trump the best odds to win he’s had during his entire presidency, and he has Nancy Pelosi and the Democrats to thank for that.
Over the last month the president has been impeached, directed a drone strike of a Iranian general, and signed phase-one of the China trade deal. Now, oddsmakers are making him the favorite, and there’s quite a bit of distance between him and any opponent that may win the Democratic nomination.
BOOKIES ARE BETTER THAN POLLSTERS
There’s no money involved when you answer a poll. Sure, the companies conducting the polls are getting paid by the group wanting results, but the people answering the questions have no skin in the game.
People that bet on politics (as crazy as that may sound, they do) have money on the line, and they only deal with people who want to put money on the line. You know that old saying “put your money where your mouth is”? A lot of people have been, and according to oddsshark.com, they are betting on The Donald.
Trump’s odds to win the 2020 presidential election are now at an all-time high of -145, up from -115 this time last week. And to think, you could have hammered Trump +125 just five weeks ago.
Trump’s top five challengers remain the same, but we have movement atop the oddsboard.
Bernie Sanders (+500) now leads Joe Biden (+550) as the top Democratic favorite to win the 2020 election.
After they were locked in a three-way tie at +1600 last week, Michael Bloomberg’s, Elizabeth Warren’s and Pete Buttigieg’s odds have parted ways. Bloomberg continues to buy up television airtime to spread his message and policies as his odds jumped up from 16-to-1 to 12-to-1 this week. Warren’s recent feud with Sanders should make tonight’s Iowa debate interesting as her odds dipped from 16-to-1 to 18-to-1.
While searching for more odds I stumbled across a recent interview Fox Business did with an actual oddsmaker, and he echoed the same sentiments mentioned previously.
“We lost $4.5 million last time around,” Lee Price, head of public relations for the bookmaking company Paddy Power, said about the 2016 election. “It wasn’t a very good Christmas party that year.”
“This time, he’s odds on, so, more likely than not to be reelected.”
Every bookmaking source you could find has Donald Trump winning in 2020, and it’s easy to understand why. These guys make money when they are right, and people are wrong.
Do talking heads lose money when they are wrong? No. Do polling companies shut down when their data doesn’t line up with reality? No.
Answering a poll over the phone is one thing. Putting money on the line is something entirely different, and should be taken a bit more serious.
Conservative Daily Update 