The long awaited announcement that Donald Trump was seeking to return to the job came overnight but Betfred continue to have the former President as the second-choice in their market…
After a bruising set of Midterm elections for the Republicans – and Donald Trump in particular – there were many within his own party that advocated for at least a delay in him going public that he’s seeking their nomination to be the next incumbent of 1600 Pennsylvania Avenue.
A runoff in the Georgia Senate Election is now likely to become a referendum on Trump rather than a decision between the two candidates. That doesn’t bode well for former football star Herschel Walker who despite being the favourite a week ago is now rated as a 3/1 shot by Betfred with Raphael Warnock priced up at 2/9 to get a full term.
That poor performance last week has been the cause for plenty of hand wringing around Republican circles with plenty of fingers being pointed at Trump. His decision to endorse candidates in key marginal seats who were Election Deniers came a cropper as time and again they fell down when it came to crunch time and allowed the Democrats to keep hold of the Senate and in all likelihood barely lose the House.
With the backdrop of Joe Biden’s low approval ratings, rising inflation and the traditional backlash against the sitting President, this is a remarkable result and not one many saw coming.
Betfred have installed Ron DeSantis as the favourite to win the next Presidential Election in 2024 but before he gets the opportunity, the Governor of Florida will have to come through what is expected to be a bruising battle against Trump.
It has become all the more evident that the Democrats would actually prefer Trump to make it onto the ballot. This would have been a crazy thing to type not that long ago but Joe Biden has beaten him once and looks likely to return key victories in all of the swing states which he carried in 2020 once the Georgia runoff has happened. With many of the vanquished candidates being hand picked by Trump himself, this indicates that those all-important swing voters have had enough of the circus that surrounds the 45th President of the United States.
This market is likely to get all the more volatile over the coming months but as of November 16, 2022 it is DeSantis 9/4, Trump at 7/2 with Biden a 4/1 to win a second-term.
Personally speaking that 4/1 price for the current President to win a second-term looks increasingly tasty. The DeSantis vs Trump battle is going to take it out of both men and whoever comes through it is likely to have to rehabilitate their public image with independent and moderate voters somewhat.
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