US Presidential Election 2024: What are the odds of Kamala Harris replacing Joe Biden? Betting markets reflect recent trends
Joe Biden, it is now even the betting markets who are losing faith in the president and his ability to continue in office. Research on the various betting markets has revealed that the odds of Vice-President Kamala Harris replacing Biden on the ballot box are higher.
In the betting markets, a basic principle is when the price of an outcome is priced low, the likelihood of it happening is high. Higher the price means lower the expected outcome. Higher the price also indicates higher the risk and the person betting on the outcome taking a higher risk in favor of the outcome and expecting a positive outcome.
Betting odds:
UK Book Maker Star Sports revealed that the odds of Harris leading the Democratic party have shortened from +450 to +110 after Biden was diagnosed with COVID-19. The chances of Harris moving ahead of Biden have also shortened +450. The odds of Biden continuing this election campaign has increased to +700.
Other candidates according to various book makers:
While Biden and Harris are being discussed by various book makers, there are other candidates too being discussed. Harris is expected to replace Biden on the ballot box and receive the presidential nomination in the party’s national convention in August.
The two most popular candidates are Gretchen Whitmer who is the Governor of Michigan and her counterpart from California Gavin Newsom. The likelihood of Whitmer replacing Biden is at +2800 (Star Sports), +2500 (Bovada), +2000 (Bet Online), +2900 (Odds Checker). The likelihood of her replacing
