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Political bettors have reacted to a few recent events, which has prompted a shift in the presidential and vice president odds.
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With Bernie Sanders, Barack Obama and Elizabeth Warren endorsing Joe Biden this week, Biden's presidential odds have gone from +110 to -110 in the last 48 hours, according to the gambling website SportsBetting.ag.
Additionally, the buzz around a possible Biden-Obama return ticket has dropped Michelle Obama's odds to be the Democratic Vice President. Once a 50/1 longshot, the former FLOTUS has surged to 12/1. Gretchen Whitmer has also seen her odds improve recently, but Kamala Harris remains the odds-on favorite.
President Trump's public perception during the coronavirus briefings has also impacted the presidential odds, according to a spokesperson for the company.
"Bettors are creatures of habit, and they're always going to react to what is going on in the news," Robert Cooper, odds manager at SportsBetting.ag, said. "The Trump Administration's handling of the coronavirus coupled with the excitement of another 'Biden-Obama' ticket has generated an influx of bets for the Dems."
Trump had 1/2 odds to be re-elected a month ago, which implied a 66.7 percent probability that he would earn another White House term. Currently, he and Biden are tied with 10/11 or -110 odds, which translates to a "tossup" or "pick 'em" in the gambling world.
Democratic VP Odds
Kamala Harris 2/3
Gretchen Whitmer 9/2
Amy Klobuchar 5/1
Michelle Obama 12/1
Stacey Abrams 12/1
Elizabeth Warren 14/1
C.Cortez Masto 20/1
Hillary Clinton 33/1
Val Demings 40/1
Barack Obama 50/1
Tammy Baldwin 50/1
Tammy Duckworth 50/1
Presidential Election Odds
Donald Trump 10/11
Joe Biden 10/11
Andrew Cuomo 40/1
Hillary Clinton 40/1
Michelle Obama 66/1
Mike Pence 66/1
Nikki Haley 100/1
Mark Cuban 150/1
