How often is the incumbent president not the frontrunner to win the upcoming presidential election?
It’s not common.
However, how many times does the incumbent president have the third-highest odds?
Has this ever happened?
To my knowledge, this scenario has never occurred in American history.
Then again, when has the United States had a president this incompetent and trending with record-low approval ratings?
“Biden’s crushed approval ratings and worsening betting odds are causing Democrats to wonder if he is the right figure to take on Trump in 2024,” said Joe Short of Gambling.com.
“According to the Wall Street Journal, Democrats expect him to go for a second term at the age of 82, but they’re not sure he should.”
“To make matters even worse for Biden, he is now third favourite to win the 2024 US Presidential election, behind both Trump (3/1) and Florida’s Republican governor Ron DeSantis (4/1),” he said.
— Daily Wire (@realDailyWire) June 29, 2022
Bookies: Brandon Now THIRD Place In The Odds To Win 2024 Election
“Right now Trump is the +300 favourite to win the next US election, with Biden out at +550,”https://t.co/sLdzAn76YX
— EMPIntelligenceNet© (@Megavolts001) June 29, 2022
The Daily Wire had the scoop:
Short said that Biden initially appeared willing to cede power to his Vice President Kamala Harris after just one term, but she’s not faring to well to bookies, either. She has “floated way out to 12/1 with bet365 to be the next U.S. president. Evidently punters and U.K. bookmakers are looking no further than Biden when it comes to Democratic names in 2024.”
In fact, Biden’s odds of even serving out his full first term aren’t all that great.
Biden’s odds of serving until Jan. 20, 2025, are “at their worst since November 2021, as betting sites maintain a level of uncertainty over the veteran’s longevity in the White House.”
“Biden’s first 18 months as president have been dogged by political issues at home and abroad. America has come out of the COVID-19 pandemic more divided than ever, and a cost of living crisis is beginning to pinch,” Short said. “Betting apps have dropped their odds on the president being ousted before his first four years have elapsed.”
According to political betting sites, Biden is “now 7/4 to lose his job before 2024. That suggests a 36% probability – the highest his chances of being ousted as president have been since last autumn,” the oddsmaker said.
With record-high gas prices and soaring inflation, we're more likely to see Biden's term end before the 2024 election than a Democrat in The White House.