Bloomberg Blows Past Biden in Democratic Nomination Odds; Closing Gap on Sanders, Too

• Michael Bloomberg is #2 in average odds to be the 2020 Democratic Presidential nominee
• His average odds improved from +767 to +358
• Can any other Democratic candidate keep pace with Bloomberg as the race continues?

Is Michael Bloomberg riding to the rescue of the Democratic party? And is Joe Biden’s flagging run for President about to fizzle out quietly and meekly yet again?

Bloomberg won’t even officially be on the ballot until Super Tuesday. Already, though, oddsmakers are viewing his chances at gaining the nomination as being in a much stronger position.

The latest Democratic nominee odds show Bloomberg second among the contenders at odds of +358. That’s a significant improvement from his previous line of +767.

Oddsmakers place Bloomberg as their second betting choice at +323. He trails only Bernie Sanders (+150) in this betting market.

2020 Democratic Presidential Nomination Odds

Odds taken Feb. 11

Meanwhile, both Joe Biden and Elizabeth Warren are fading fast. Biden slid from +192 to +538. Warren’s odds lengthened from +783 to +1540.

Each of them took a turn as Democratic frontrunner earlier in the race.

Bloomberg Moving Fast

Bloomberg entered the race in late November  He’s quickly become a player to be considered as a legitimate contender, though. The billionaire’s vast wealth was deployed during Super Bowl Sunday.He purchased an attack ad aimed at President Trump.

The America I know welcomes the world. Trump's America is not that America.

But, we can turn the page on this shameful chapter in our country's history.

Together, we can fix our broken immigration system once and for all. pic.twitter.com/jNiTSZsKSw

— Mike Bloomberg (@MikeBloomberg) February 11, 2020

Bloomberg is self-funding his campaign. He’s opted to skip the Iowa caucus and the early primaries. He’ll enter the fray on the so-called Super Tuesday of March 3rd.

Sixteen states will hold Presidential primaries that day. More than one-third of the American population will be eligible to cast ballots. Bloomberg has invested heavily in advertising in those states.

The contenders will most certainly be separated from the pretenders by the time these votes are cast.

Biden Still Sliding

Once seen as the favorite to win the Democratic nod, suddenly former Vice-President Biden’s campaign is running on fumes. He looks poised to flame out early, as he did in each of his two previous runs for the Presidency.

Since his fourth-place showing in the Iowa caucus, Biden has slipped in the polls both nationally and in New Hampshire. His supporters are bracing for another rough day on Tuesday.

Mainstream media spent a year telling you @JoeBiden is the most electable. He might finish FIFTH in New Hampshire after finishing FOURTH in Iowa! So if they tell you @BernieSanders can’t win, bet your bottom dollar he has the best chance of winning! #NotMeUs

— Cenk Uygur (@cenkuygur) February 11, 2020

Moderate Democrats appear to be moving away from Biden and toward Bloomberg and Pete Buttigieg.

The Biden campaign is counting on wins in the next two primaries in South Carolina and Nevada. That could boost his sagging campaign.

There seems no hope for Warren’s salvation, however. She’s lost the backing of Progressive Democrats to Sanders. If she can’t win on the East Coast, her home area, she’s doomed.

Does Trump Fear Bloomberg?

Donald Trump just went through an impeachment trial because of his concerns about Biden. He was caught withholding military aid from Ukraine. Trump attempted to force that government to launch an investigation into the Biden family. Biden’s son Hunter previously worked in Ukraine.

Now, it appears that Trump has turned his attention to smearing Bloomberg.

Mini Mike Bloomberg is playing poker with his foolhardy and unsuspecting Democrat rivals. He says that if he loses (he really means when!) in the primaries, he will spend money helping whoever the Democrat nominee is. By doing this, he figures, they won’t hit him as hard….

— Donald J. Trump (@realDonaldTrump) January 23, 2020

He stated a falsehood that Bloomberg, who is 5-8, sought to be allowed to stand on a box during the Democratic debates.

Bloomberg knows how to put Trump on the defensive. He’s taken the fight directly to Trump instead of his Democratic opponents. That decision is resonating in the polls.

https://twitter.com/_EthanGrey/status/1226988528812351489?s=20

Logically, coming into the race so late, Bloomberg shouldn’t stand a chance. But at this point of time in 2016, no one was giving Trump a chance, either.

If you were planning to bet Bloomberg, you should’ve been in on him earlier.

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