Category Archives: Warren 2020

Trump reaches new high; Harris leapfrogs Biden; Warren widens gap over Sanders; Julian Castro continues to have momentum

Donald Trump’s odds reached a new high this week as they are now at an even 2.00X surpassing the previous high of 2.02X set 4 weeks ago. We started tracking his odds compared to the next 5 Democrats combined. His implied likelihood increased from 48.1% last week to 49.0% as the top 5 Democrats decreased from a combined 1.88X to 1.92X.

Kamala Harris continued with her momentum coming out of the first debate as she improved from 7.53X to 6.33X. That combined with Biden’s continued struggles allowed her to jump over the VP to be the leading Democratic candidate as far the odds are concerned. The odds are just reflecting the post debate polls.

The other pair that swapped positions last week continued their recent trend. Warren continued to improve moving from from 9.7X to 9.4X, putting her in striking distance of Biden. These are all new highs for Warren. Bernie Sanders continues to lose momentum dropping from 12.8X to 14.0X. These are his lowest odds since the middle of February.

The under the radar candidate of the moment seems to be Julian Castro. He had one of the top debate performances and polls show it. His odds improved this week from 115.1X to 110.6X allowing him to jump to 14th place. He has improved the last 5 weeks. At that time he was in 30th place at 147.7X.

Here are the candidates with better than a 200 to 1 shot:

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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, near all time highs; Sanders declines for 9th straight week, remains in 3rd; Buttigieg and Harris make inroads with donors, regain momentum; Klobuchar up prior to possible breakout in debates

Donald Trump’s odds remained flat to last week at 2.03X just a shade lower than his all time high of 2.02X achieved two weeks ago. His odds have been in this area the past 5 weeks and are about 2.5 times more likely than his closest competitor Joe Biden, but slightly lower than the odds of the top five Democrats combined (1.98X) That will probably be the best comparison going forward.

Bernie Sanders’ odds continued to decline this week from 10.9X to 11.7X. This was the 9th straight week of declines. He was at 6.7X at the beginning of the streak. Amazingly, he has only dropped from 2nd place to 3rd place. Sanders is one of the more polarizing figures in the race, even among Democrats, as this analysis would suggest.

Unlike the last few weeks, the biggest beneficiary from Sanders’ drop was not Elizabeth Warren (who is just slightly behind him at 12.1X). Instead the beneficiaries were Pete Buttigieg and Kamala Harris. Both seem to have their path to the big Democratic donors, and that will give them an advantage in the long campaign. Buttigieg was up from 13.0X to 12.4X, and has been up the last three weeks. He is at his highest odds in 8 weeks. Harris was up from 14.1X to 13.5X. It reversed a trend of dropping or being flat the last 11 weeks.

So who will be the breakout of the upcoming debate. Some think it will be Amy Klobuchar. Her odds were up on the week from 76.5X to 67.9X. That was enough to lift her from 11th place to 10th place. Ironically, she jumped ahead of Cory Booker, the other person mentioned in the article above.

Below is a list of the top 59 candidates with better than 200-1 odds:

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