Vice President Kamala Harris has surged ahead of President Joe Biden as the leading contender for the Democratic presidential nomination. Her odds of securing the nomination have risen to 44.0 percent (+127), following Biden’s poorly received performance in the June 27 debate with former President Donald Trump.

President Biden’s chances have diminished, now standing at 35.3 percent (+183), according to electionbettingodds.com. This platform aggregates live odds from various betting markets including Betfair.com, FTX.com, Polymarket.com, PredictIt.org, and Smarkets.com.

Former First Lady Michelle Obama is the third favorite at 14-1 (6.6 percent), while California Governor Gavin Newsom follows closely at 15-1 (6.3 percent).

In the race for the White House, Trump is the frontrunner with a -139 chance (58.2 percent) of winning. Harris is the second favorite at +450 (18.2 percent), and Biden is third at +762 (11.6 percent).

For betting odds, a negative number indicates the amount a bettor must wager to win $100. For example, a $139 bet on Trump would yield $100 if he wins. A positive number shows how much a $100 wager would win. Thus, a $100 bet on Harris would return $450 if she prevails.

At BetOnline, an offshore sportsbook not regulated in the U.S., Harris is the +105 favorite to clinch the nomination, with Biden as the +180 second choice. Newsom and Obama are both at 10-1, and Michigan Governor Gretchen Whitmer is at 12-1.

Trump is the -175 favorite at BetOnline to win the election, with Harris at 4-1, and Biden at +650. Obama stands at 14-1, Newsom at 16-1, and Whitmer at 20-1. Robert F. Kennedy Jr. and Hillary Clinton are both long shots at 50-1.

It’s important to note that betting on political events is not permitted at U.S. sportsbooks.

Source: Review Journal