Following the news that Joe Biden has pulled out of the presidential race, lets take a look at who is most likely to replace him.
US President Joe Biden has announced that he will not seek re-election in the upcoming Presidential election this November, effectively ending his candidacy for a second term in office.
The President stated that his decision was made in the best interest of both his party and the country.
This announcement comes just four weeks before the election, following weeks of pressure from fellow Democrats who expressed concerns about the 81-year-old's health and fitness to serve, especially after a series of public missteps and an underwhelming performance in the first presidential debate.
With Biden stepping down, the Democratic Party must now quickly nominate a new candidate to face the Republican contender, Donald Trump, who is currently the favorite to win the election, with odds of 4/7 at Betfred.
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Next Democratic Nominee Odds
| Candidate | Best Odds | Implied Probability | Bookmaker |
|---|---|---|---|
| Kamala Harris | 1/6 | 86% | Betfred |
| Gavin Newsom | 14/1 | 7% | Boyle Sport |
| Michelle Obama | 16/1 | 6% | Paddy Power |
| Gretchen Whitmer | 20/1 | 5% | Star Sports |
Who is the favourite to replace Joe Biden as democratic nominee?
Following the recent news, Vice-President Kamala Harris has become the overwhelming favourite to be the Democratic nominee in the upcoming election.
Betfred now has her at 1/6, giving her an implied chance of 86%. This marks a significant increase from her previous odds of 4/5, which implied a 56% chance before the announcement that President Biden would not seek re-election.
President Biden has endorsed Harris for the Democratic nomination, calling his decision to choose her as his Vice-President the best one he has made.
The next most likely candidate is California Governor Gavin Newsom, who was initially considered a potential contender for the 2028 election. However, given the current circumstances, there have been calls for him to step in earlier. Newsom's best odds are at 14/1, reflecting a slim 7% chance.
Former First Lady Michelle Obama is also in the mix, with a best price of 16/1, equating to a 6% chance. Her odds likely reflect her previous statements indicating she has no intention of running for President this year.
