Betting Opens On Joe Biden Completing Full Term Of Presidency
Joe Biden will become the oldest US president in history when he is inaugurated on January 20, 2021 – but the latest political betting odds are already casting doubt on whether he will see out a full term.
There is concern over how Biden, who at the age of 78 will replace Donald Trump (74) as the country’s oldest ever president, will conduct his duties in office during the next four years.
The president-elect fought a war of words with the outgoing Trump during the 2020 US election campaign, with the latter suggesting that “Sleepy Joe” was too senile to lead the country.
And while top Democrats have insisted that Biden has the vigour and spirit required to fulfil his duty as Commander and Chief, the betting markets are suggesting differently.
According to UK bookmakers, Biden currently has a 75% chance of remaining president over the four-years of his first term.
Will Biden Last Four Years?
Barack Obama’s former VP is 1/3 to not cede power during his reign. While that may appear comprehensively positive for the Biden camp, the very fact this market has emerged suggests there is a justifiable question mark over the veteran’s ability to see out his four years.
Republicans pointed to instances during the campaign trail where Biden appeared to stumble when speaking as evidence that he had ‘gone senile’. Yet it proved to be a baseless attack on the Democrat, who won the popular vote by more than six million.
Compare that to a price of 9/4 on Biden stepping down as president between now and 2024 and a number of punters have rushed to snap up the early odds.
The market has been open ever since news that the Democrat had fractured his foot while playing with one of his German shepherd dogs at his home in Newark, Delaware, but has only increased in popularity this month.
Who Would Replace Biden?
Were Biden to step down as president at any point over the next four years then his vice president-elect Kamala Harris would almost certainly fill the role.
Harris, 56, is set to be the first woman and first person of colour to be named vice president during Biden’s inauguration.
The Californian senator has also moved ahead of Biden in the 2024 US election betting odds. Harris is now the 9/2 favourite to win the next presidential election, with Biden at 5/1 and the outgoing Trump at 10/1.
Remarkably, during 2020's election a poll found around 25% of Americans believed both Trump and Biden were too old to be running for president.
Whether or not we see both men on the ballot again four years down the line remains to be seen.
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