September 26, 2022

Biden’s odds cut in half after his flop of a convention

Joe Biden was always a tough sell. He’s old, gaffe-prone, and has clearly lost a step mentally.

But there was always the hope that a rousing Democratic convention could generate enthusiasm for his lackluster candidacy.

That didn’t happen.

The Washington Examiner reports:

Gamblers are shying away from Democratic presidential nominee Joe Biden after he failed to get a substantial poll bounce from the Democratic National Convention, cutting in half his once-massive lead over President Trump.

The latest from the betting-market site Smarkets still shows odds favoring a Biden win, but they are tightening, and Trump still has three more nights to make his case at the virtual Republican National Convention.

The analysis shared with Secrets said, “Joe Biden’s lead over Donald Trump in our ‘Next President’ market has more than halved since its peak at the beginning of August. Trading activity on Smarkets currently gives Biden a 56% chance of winning the presidency, a drop of seven points since the end of July. Trump has climbed eight points over the same period to 43% — his highest position in over two months.”

Read the full story here.

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