Following the suspension of Bernie Sanders campaign, Joe Biden looks nailed on to become the Democrat candidate to take on Donald Trump in the 2020 Election. Biden's odds in the Democrat candidate betting market suggests he's got a massive 96% chance of winning the race. Hillary Clinton being the current second-favorite at +2000 shows Biden's dominance in the market.
The next move for Joe Biden would be to appoint his running mate. The seventy-seven-year-old indicated in March that he would elect a woman to be the vice president.
The current favorite in the betting market to be the Democratic VP nominee is Kamala Harris. Harris was priced at +1200 at the end of February, but her odds have been drastically cut, and she now tops the market at +150. Her odds suggest she's got a 40% chance of being Biden's running mate.
Amy Klobuchar's the second-favorite in the market at +450, but her chances have decreased slightly over the last month as she was previously +250 with some UK bookmakers. Gretchen Whitmer's gathering momentum in the market, Whitmer was given no chance back in February as bookmakers priced her at +5000, however, she's now the third-favorite in the market at +600.
However, none of the women above have been the most popular option with bettors in the last twenty-four hours. Michelle Obama has been the most backed person in the market accounting for almost 32% of all bets. Obama currently finds herself the seventh-favorite in the market at +2500.
Michelle Obama has previously ruled out a return to the White House, but it's not stopped the media speculating a dramatic return.
UPDATE: Elizabeth Warren has surged into contention in the past week, with her odds halving from 12/1 into 6/1, suggesting that she is twice as likely to be on Biden's ticket come November.
The Massachussets senator was a clear frontrunner in the outright Presidential race through September and October last year but her odds soared after some poor early performances in the Democratic primaries.
However, it seems that she may have found another way to the White House...
In addition, as of the end of April, Michelle Obama's odds have continued to plummet and she is now as short at +900 with some oddsmakers - the same price being given for the San Francisco 49ers to win the Super Bowl this year.