It's not been a good week for Sleepy Joe.
According to betting odds, Joe Biden's chances of winning the Presidential race have been cut in half!
Many considered the Democratic National Convention last week to be a flop.
The pick of Kamala Harris as his running mate also damaged Joe's odds.
Compare this to President Trump, who is having an extremely strong week at the RNC.
The Republicans are uniting behind the President, who is delivering a strong message of unity, diversity, and love of country at the convention!
More details on this stunning development below:
Of course, the media refuses to report any good news for President Trump.
The reality, however, is that this race was always closer than the media portrayed.
Now, the president and the RNC are gearing up for a big fight to save and restore our country!
The Washington Examiner confirms that Biden's odds of winning have been cut in half:
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.”
Patrick Flynn, the political analyst for the British betting site, said that the “anticipated post-convention bounce for Biden has failed to materialize in our market, with his lead sliding to 13 percentage points, down from an all-time high of 28 points at the start of August.”
He added, “We do not know whether this is due to the content of the event itself or the fact this scaled-down edition took place virtually in the midst of the ongoing coronavirus pandemic. Either way, it has provided something of a window of opportunity to Donald Trump as he accepts his own party nomination at the Republican National Convention this week.”
But it wasn't just the terrible DNC.
There are also reports that Kamala Harris has tanked Biden's chances.
Harris is a radical candidate and running mate.
She was so unpopular during the Democratic primaries that she dropped out of the race before voting even began!
Now, Forbes is declaring that the betting markets have soured on Biden because of Kamala:
Democratic Presidential nominee Joe Biden formally announced his decision to select California Senator Kamala Harris as his running mate Tuesday afternoon, and the betting markets were quick to respond.
Prior to the announcement Joe Biden maintained -155 lead over President Donald Trump (+125), meaning bettors would need to wager $155 for a $100 payout should the former VP clinch the White House in Novembers election.
Per OddsShark, Harris was the favored option to clinch the nomination, and her skill set paired nicely with the immediate needs of the Biden campaign, making her the safest bet on the board.
Interestingly enough, Susan Rice had seen her odds for VP consideration improve earlier the same morning, as she sat a top the odds boards at -130, overtaking Harris as she fell to +110.
A lot can change in the next 2 and a half months.
The good news is that it appears the media and their Democratic allies are overconfident, just like they were in 2016.
What do you think?
Will we see a repeat of 2016 with a stunning "surprise" Trump victory?
Let us know in the comments!