U.S. President Joe Biden (Joe Biden) announced on July 21st that he was withdrawing from the race and switching to supporting Vice President Kamala Harris in her bid for the presidency. The U.S. media reported that the odds of the local gaming industry gave Vice President He Jinli 38% odds of winning, while the former president, Republican candidate Donald Trump (also known as Trump) 60% odds of winning.
After President Joe Biden announced his withdrawal from the election, many senators and representatives in the Democratic Party have issued statements in support of He Jinli, but according to the U.S. media MarketWatch reported that, looking at the U.S. betting odds, generally still favored Trump's victory in the general election held on November 5th.
According to current US betting odds, the chances of Hejinli winning the election are 38%, while the chances of Trump winning are 60% or higher.
Trump's margin of victory is down from before Biden dropped out of the race, with bookies previously giving him a margin of victory of about 651 TP3T, whereas after Trump's assassination attempt on July 14th, his margin of victory had gone to 691 TP3T.
Since President Joe Biden's poor performance in that June 27 debate, the odds of winning have been volatile at the bookies.
On the day following that presidential debate, the US website Predictit.org gave Vice President He Jinli, at the time, only a 5% chance of winning the presidential nomination and winning the election, a figure that has now shifted to 38%.
David Paleologus, director of the Center for Political Studies at Suffolk University (Suffolk), said the race has been reset, not just for the candidates in the race, but also for the pollsters.
