Category Archives: Bennet 2020

First debate causes shakeup as Harris comes away the big winner at Biden’s expense. Debate and weeks of momentum finally have Warren move ahead of Sanders. Trump continues to cruise near all time highs

The first major shakeup of the odds this elections season came as a result of the first Democratic Debates, with Kamala Harris’ clash with Joe Biden on his history with segregationists having the biggest impact.

Kamala Harris’ odds saw the largest odds increase moving from 13.5X to 7.5X, a nearly 80% jump in odds. The 7.5X is the highest she has been in 14 weeks and was enough to propel her from last week’s 5th place for the Dems to jump over Warren, Sanders, and Buttigieg for second place. She clearly has the momentum as evidenced by her raising $2M in the first 24 hours after the debate.

The clash had the opposite impact on the Democratic front runner with his odds dropping from 5.50X to 6.81X, a nearly 20% drop and his lowest in 9 weeks. Biden is still the odds favorite after the debate, but he must reverse momentum or risk losing much of his fundraising support.

The other subplot may be the Elizabeth Warren Bernie Sanders competition for lead among progressives. For the last 16 weeks, Joe Biden has been either the favorite or in second place for the Dems. For the last 11 weeks, Elizabeth Warren has been improving her odds at the expense of Sanders’ odds. Warren’s performance at the debate finally allowed her to leapfrog Sanders. Her odds jumped from 12.1X to 9.7X, landing her in 3rd place overall for the Dems. Sanders’ odds dropped from 11.7X to 12.8X, his lowest in over 4 months, taking him from 2nd place to 4th place among the Dems.

In the mean time, Donald Trump continued to cruise near all time highs at 2.03X. This is the 3rd straight week at the same level, and is just shy of the all time high of 2.02X achieved at the beginning of June. He has been in a narrow range of 2.02X to 2.04X the last 6 weeks. Although his odds were flat, the top 5 Democrats moved up as a group from 1.98X to 1.88X. The implied probability of the top 5 Dems vs. Trump moved from 50.6% Dems/ 49.4% Trump to 51.9% Dems / 48.1% Trump.

Here is a summary of the 20 Democrats in the debate and how their odds moved:

Here are the current standings for the 44 candidates with better than 200 to 1 odds (Note how 4 of the candidates from the debate are not on this list) :

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Trump’s Odds flat to last week’s new high; Biden’s jumps Sanders despite attacks from both sides; Warren gaining momentum; Abrams decision not to run for Senate sparks speculation; Bennet enters race

Donald Trump’s odds remained flat to last week at 2.18X, which is their high for this election cycle. Prior to that he had improved for 9 straight weeks. Keep in mind when it’s finally a two person race, and if both candidates are tied, the odds will likely be 1.80X for each candidate.

The hottest candidate once again was Joe Biden, surpassing Bernie Sanders for second place overall. His odds rose from 8.18X to 6.26X. This was not only a new high for him. It was also the high for anyone not named Trump. Biden’s previous high was 7.18X in March (prior to improper touching allegations). It will be interesting to see if Biden can remain on top as he gets attacked from all sides including attacks from the President, attacks from his left, and from other unaffiliated parties.

Prior to Biden this week, the field’s previous high was Kamala Harris at 6.28X in February. Since then the California Democrat has declined to this week’s 11.3X and 4th place overall.

Last week, we talked about Elizabeth Warren possibly reaching a bottom. Her odds improved for a second week in a row improving from 32.0X to 24.7X. This is now the highest she has been in 9 weeks. The “policy” candidate seems to be gaining momentum on her promise to erase $50,000 of student debt.

Stacey Abrams announced she will not run for the Senate in 2020, and that fueled speculation she may be running for a bigger office. Her odds jumped from last week’s 145.9X and 35th place to 90.6X and 13th place, by far the highest she has been.

What’s another week without another Democrat announcing they are running. Michael Bennett made it official, and like many other Democrats that are not in the top tier, his odds dropped on the announcement, for Bennett from 136.1X and 32nd place to 152.6X and 35th place. He is number 22 in the field. One potential candidate for next week is NYC Mayor Bill De Blasio. He is currently in 42nd place at 165.5X.

Here are the list of 65 candidates with a better than 200 to 1 shot
(last week there were 71):

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