Buttigieg Endorses Biden; Smokin’ Joe’s Democratic Nomination Odds Almost Level with Sanders

• Pete Buttigieg and Amy Klobuchar dropped out of the the Democratic Presidential race on Monday
• Bernie Sanders and Joe Biden are almost dead even in the odds now
• Is now the time to buy into Biden before he surpasses Sanders?

On Monday, March 2nd, Pete Buttigieg and Amy Klobuchar both dropped out of the Democratic Presidential race and both will endorse Joe Biden.

Somewhere, a forlorn Bernie Sanders was listening to the Boomtown Rats singing about how much they don’t like Mondays.

The dramatic and sudden alteration of the landscape in the Democratic nomination chase also led to a profound impact in the betting odds. On the eve of Super Tuesday, Biden is suddenly nipping at Sanders’ heels. The average odds still show Sanders to be the favorite at +100, but the resurgent Biden is right there with Bernie at +119.

One sportsbook moved Biden to the +107 chalk in their 2020 Democratic nomination odds.

2020 Democratic Presidential Nomination Odds

Odds taken March 2nd.

Biden hasn’t been the leader in this race since Jan. 24th.

Buttigieg, Klobuchar Burn Bernie

The moderate lane in the Democratic race got a lot less crowded Monday. First Buttigieg and then Klobuchar announced that they would be dropping out.

Both decisions appear to be part of a master plan to boost Biden past Sanders in pursuit of the Democratic nomination. Buttigieg and Klobuchar were both expected to endorse the Biden campaign at a rally Monday night in Dallas.

Buttigieg’s campaign was fading badly after a promising start in Iowa and New Hampshire. Here’s an interesting thought, though. If Buttigieg, 37 were to run for President in 2060, he’d still be younger than Sanders, 78, is right now. Time is on his side.

Klobuchar’s departure was a bit more surprising. The expectation was that the Minnesota Senator would hang in through Super Tuesday in order to win her state and hamper the chances of Sanders succeeding there.

It was an all-around good day for Biden. He also picked up endorsements from former Senate majority leader Harry Reid and former national security adviser Susan Rice, as well as a number of prominent Democratic lawmakers in Super Tuesday states.

Biden Bouncing Back

The Biden revival began with his second-place performance in the Nevada caucuses. It went into overdrive when he distanced the field in Saturday’s South Carolina primary.

This switch in direction is also evident in his rapidly improving odds in the race. Previously, Biden’s best odds to win were +183.

Democrats Make Their Choice

It appears as though the power brokers within the Democratic party were waiting for one of the moderates to emerge as the clear frontrunner among that group. Once Biden showed his teeth, the rest lined up behind him to push the former Vice-President across the finish line.

Clearly the Democratic establishment isn’t enamored with the idea of Sanders as their Presidential candidate. In essence, they’ve engineered a political steam move designed to gain the nomination for Biden.

The Trump campaign has built the most sophisticated data and polling operation in the history of American politics. They’ve spent millions determining who their toughest opponent would be and it’s pretty clear they think it’s @JoeBiden. https://t.co/VHfGPCvYEb

— Andrew Weinstein (@Weinsteinlaw) March 3, 2020

Sanders has done well in most primaries when facing a plethora of moderate opposition. On Super Tuesday, with 14 states up for grabs, he’ll face just two – Biden and Michael Boomberg. The former New York mayor is on the ballot for the first time.

Clearly, though, this is now a two-candidate race between Sanders and Biden. And it’s equally clear who the party establishment wants to win.

If you haven’t already bet Biden, you might want to do so quickly.

Pick: Joe Biden (+109)