Biden’s Odds Implode – DETAILS

Joe Biden

(TheIndependentStar.com) – According to political betting markets, Joe Biden’s odds of re-election prospects imploded Thursday after a lackluster debate performance against former President Donald Trump.

As shown on PredictIt.org, the 81-year-old Democrat odds dropped 15 points post-debate. This site, which allows users to invest in a candidate’s chances of winning the election, had Biden at 48 cents per share before the debate, but his shares plunged to 33 cents afterward.

Meanwhile, Trump’s stock on PredictIt peaked at 61 cents during the debate and settled at 58 cents afterward. Based on the site’s data, the 78-year-old Republican entered the debate with a 53% chance of winning back the White House.

Moreover, on BetOnline.ag, another betting site, Trump began the debate as a -150 favorite and improved to -175 by the end. Biden, starting the night as a +130 underdog, saw his odds drop to +300 (or 3/1) after the debate.

Therefore, BetOnline also saw a surge in bets on alternative Democratic candidates during the debate.

BetOnline political oddsmaker Paul Krishnamurty said in a statement, “We just kept taking bets over and over again on Gavin Newsom and Michelle Obama.”

In addition, California Governor Gavin Newsom’s odds improved from 25/1 before the debate to 7/1 afterward, while former first lady Michelle Obama’s odds jumped from 22/1 to 16/1.

Newsom has come out behind Biden on numerous occasions during the campaign as one of the Democrats’ top surrogates, where he has repeatedly said he does not wish to replace him in the White House.

In the spin room on Thursday night after the debate, Newsom insisted that he ‘will never turn my back on President Biden’, and claimed he does not ‘know a Democrat in my party that would do so.’

Similarly, former First Lady Michelle Obama’s name has also come up numerous times in recent years as a potential presidential candidate. However, she has consistently said she has no interest in returning to the White House.

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