Will Bloomberg Run in 2020 and Can He Win? Odds & Analysis

Will Bloomberg Run in 2020 and Can He Win? Odds & Analysis

The 2020 US Election will involve at least one billionaire, regardless of whether Donald Trump is on the ticket. Starbucks CEO Howard Schultz is the latest to enter the race, although he would rather be described as a ‘person of means’.

From the reaction to his ambitions and slither of early publicity, signals for are not encouraging. Schultz was immediately targeted for abuse amid accusations of being a spoiler who would split the anti-Trump vote. His approval rating among those who’ve heard of him is a pitiful 4% - whether Republicans, Democrats or Independents.

At least Schultz has the chance to at least introduce himself on his own terms, via a special CNN town hall event today. Proof if ever it were needed of the political advantages money can buy. Nevertheless, 100/1 with Ladbrokes makes no appeal.

Two-Party Politics Means Indy Breakthrough Unlikely

Extra candidates would indeed likely split the anti-Trump vote but Schultz would be on to a loser whatever the year. It is very hard to envisage a third candidate breaking the GOP/Democrat duopoly in the electoral college. The parties represent ongoing interests and fissures within society and are embedded in their core areas.

Yes, Trump broke the mould but not as an independent. If you want to beat the political establishment, you must join one of their parties and adopt most of their positions. Trump was once a ‘very pro-choice kind of guy’ who bankrolled Democrats.

One man who must have considered this throughout many years pondering a White House bid is Michael Bloomberg. The former Mayor of New York City really did break the duopoly. He won liberal New York as both a Republican and Independent, despite previously registering a Democrat.

In contrast to Howard Schultz, Michael Bloomberg has long been the type that excites betting markets. Punters like his NYC achievements and know his extraordinary wealth could mean a genuinely self-financed campaign, not beholden to vested interests - something voters tend to like.

He was a popular pick - below 25/1 at one stage - in 2016, when reported to be making serious plans. This was at a time when a Trump/Sanders general election looked a serious prospect, leaving a vacuum in the centre ground. As I recall, Bloomberg opted out because his polling showed he would help elect Trump against either Democrat.

Rejoining Dems is Smart Move

Following that bombshell result, Bloomberg made his choice - rejoining the Democrats and donating an eyewatering $100M to mid-term congressional campaigns. Cynics will say Bloomberg was trying to buy the Democrat nomination but, in reality, this is entirely consistent with his past. He has long bankrolled and fought for liberal causes - whether gun control, public health or fighting climate change.

Nor is it clear he will pursue the nomination. When interviewed before Christmas, he indicated a decision would be made in the New Year. Three weeks ago he said he’d decide within a month or so. Most potential rivals have now declared, but there as been no further word.

Perhaps he has understandably concluded that the party faithful aren't looking for an old, rich white man. He is not an obvious Democrat leader and a best offer of 40/1 with 888 for the White House doesn't interest me. However, I really hope Bloomberg runs, for a number of reasons.

First he will balance the ideological debate. The leading candidates are engaged in a dash to the Left, in order to court primary voters. Various plans to raise taxes on the very wealthy are underway, in order to finance healthcare for all, lower tuition costs or the ‘green new deal’.

It may well prove that the USA is finally ready for the type of social democracy Europeans take for granted. However going too far down that road contains risk. Trump would love to deride his opponents as Venezuelan-style socialists who would wreck the economy. It might win back some affluent, suburban defectors.

Bloomberg, in contrast, is a fiscal conservative. That is why he became a Republican. Even if his economic arguments don't win out on the Left, they might serve to moderate the rest. Nobody is going to dispute his grasp of finance and economics.

Check Out: Leo Vegas Sports for latest odds, free bets and welcome bonus.

Bloomberg Would Shine in TV Debates

It is essential to understand how this party debate is structured. We are looking at over a dozen candidates, perhaps even more than the 18 Republicans that needed two stages for their TV debates.

The effect will be a desperate scramble for attention. Being a relatively unknown politician in that environment is extremely difficult. With merely his presence, wealth, experience and slightly different political take, Bloomberg will inevitably stand out. He too will have plenty of zingers for this liberal audience, particularly on gun control.

These debates, offering a direct line to the public, is where Bloomberg's outside chance lies. His brand of pragmatic centrism might be just what swing voters want in these ultra-polarised times. Note too that Democrats regard the importance of electability much higher than when foolishly choosing Hillary Clinton.

At this stage four years ago, she was 6/4 for the presidency, while few gave Trump a prayer of even winning the GOP nomination. The context and party involved are very different this time around but Bloomberg is incomparably better qualified for the job.

Recommended Betting Sites

shield of trust Secure trusted partners Trusted star verified Verified
  1. Place £10, Get £40 in Free Bets + £10 on Casino
    Promo Code: 10FREE

  2. EXCLUSIVE: Bet £15, Get £10

  3. Get up to £100 in Bet Credits!

  4. Bet £10, Get £10 Free Bet

    18+ New Players only. For free bet wagering requirements and minimum odds read T&C’s. www.begambleaware.org Terms Apply New players only. The qualifying bets to claim the Free Bet must have minimum odds of 3/1 (4.00) or higher and must be settled before triggering free bet. 18+. begambleaware.org - Full Terms Apply Visit Site
  5. Bet £10 Get £20

    18+ New Players only. For free bet wagering requirements and minimum odds read T&C’s. www.begambleaware.org Terms Apply The Promotion operates as a £/€20 Surprise Bet when you place a bet of at least £/€10 on any market with odds greater than or equal to 1.50 as your first bet. The Promotion runs from 09/08/2021 / 12:00 (BST) until 31/12/2021 / 12:00 (BST) (the “Promotional Period”). The Promotion is only valid to: (a) new customers; (b) customers aged 18 years or over. To qualify for the Promotion, participant must deposit and place a £/€10 bet as their first bet on any market (excluding each way) in the sportsbook with odds greater than or equal to 1.50. Only original odds count toward the promotion. Supercharged odds do not count towards the promotion. An accumulation of smaller stakes will not count. Cashed out bets do not count towards this promotion. Only available once per customer. Rewards will be credited to qualifying participants within 48 hours after placing the qualifying bet. Potential winnings from the Surprise Bet are paid in withdrawable cash, excluding the stake. This offer cannot be used in conjunction with any other offer. Visit Site
  6. Welcome bonus bet £10 Get £15

  7. Bet £10, Get £10 + 50 Extra Spins

  8. Bet £10 & Get £30 in Free Bets

    18+ New Players only. For free bet wagering requirements and minimum odds read T&C’s. www.begambleaware.org Terms Apply 18+. Full T&C’s Apply. New customers on mobile only. 7 days to claim and stake £10 minimum bet at odds of 1.5 or greater to qualify. Free, void, cashed out or partially cashed out bets do not qualify. Max 3x £10 free bets credited on bet settlement. Free bets must be used on 4 or more selections with selection odds of 1.3 or greater. Free bets are non-withdrawable and stake not returned with winnings. 7 day expiry. Visit Site
  9. Bet £10 Get £30 in Free Bets

  10. Top Odds and over 7,000 Bets Daily – All Sports

    18+ New Players only. For free bet wagering requirements and minimum odds read T&C’s. www.begambleaware.org Terms Apply 18+. T&C Apply Visit Site
Advertiser Disclosure
Every online gambler deserves a safe and fair place to play. Our mission at Gambling.com is to create a safe online environment for players through free, impartial and independent reviews of the UK's best online gambling companies so that you can play with confidence and security. All ratings and reviews are made independently of the operator by our team of gaming experts and with every company being fully UK licensed they can be trusted to offer fair play. We accept compensation from the companies advertised on this page and this may affect the brand positioning. We endeavour to continuously update this list so we can bring you the most current sites and the best available offers but we cannot review every site in the market.

Betting Strategy Articles