“Obamagate” — a winning bet for President Donald Trump or a conspiracy that will allow Joe Biden to go on the attack? While recent
Michael Bloomberg, the 77-year-old founder and owner of Bloomberg L.P., is a multibillionaire who made his fortune in the financial services and mass media sectors. With a net worth estimated at $53 billion, Bloomberg – nicknamed “Daddy Bloombucks” by supporters and detractors alike – is the ninth richest man in America and 14th richest man in the world.
Bloomberg’s official political experience is limited to his service as mayor of New York City from 2002-2013, a job for which he switched his party affiliation from Democrat to Republican. Notably, Bloomberg switched back to the Democratic party after leaving office, and he ran for President as a DNC hopeful.
Bloomberg officially declared his 2020 candidacy on Sunday, November 24, 2019, with roughly three months before the primary voting season got underway. As a result, due to Bloomy’s diminutive stature, President Donald Trump dubbed him “Mini Mike” (not to be confused with “Big Mike,” which is a different controversy all its own).
Mini Mike dropped out of the race on March 4, 2020, after spending more than $500 million dollars on ads. It is likely that he will continue to spend significantly to prevent Bernie Sanders from getting the nomination, and he has endorsed Joe Biden for President in 2020.
Unfortunately, Bloomberg alienated the support of the black community due to various policies instituted during his mayoral years in NYC, and that helped make him non-viable for the DNC’s 2020 aspirations.
Other than that, Bloomberg’s voter base is largely the Democratic rank and file, as he does not seem to appease the extreme left or the so-called Democratic Socialists of the Bernie Sanders set. However, he likely has enough Democrat bona fides to appeal to a large swath of both far left and center-left voters, which he will continue to do on behalf of Biden.
Mini Mike Bloomberg dumped over $500 million into his campaign and dropped out after Super Tuesday. Oddsmakers were right to put him so low on the boards (as seen below in the archival odds from Bovada), but it’s not surprising that with the Biden surge, Bloomberg decided he can be of more use to the establishment behind the scenes.
Bloomberg only won American Samoa on Super Tuesday. For the full Super Tuesday results, please see our dedicated Super Tuesday page.
Daddy Bloombucks has dropped out, so not any more.
Upon news of Bloomberg’s candidacy, many Democrats were quick to align him with Trump as just “another New York billionaire.” However, legal political betting sites had Bloomberg on their boards for some time (even before he officially announced), so bettors clearly thought he had a solid chance.
Now that he’s formally out of the race, Bloomers will still likely have an effect on the outcome, as he’s putting his support and financial might behind Joe Biden.
Recently, there was a lot of buzz about Michael Bloomberg potentially tapping Hillary Clinton to be his running mate. Hillary herself has suggested that she’d be receptive to the idea, and the establishment Democrats would likely have been delighted by the pairing.
Alas, it was not to be, as Mini Mike has dropped out of the race.
For much of the primary debate season, Bloomberg had been featured on the political betting odds boards. However, before he hinted at the possibility that he was actually going to run for POTUS, those odds were hovering in the +12000 to +15000 range. With news that his candidacy was official, sites like Bovada gave him top-tier odds right away. After Super Tuesday, of course, Bloomberg bailed, and his odds are now zero.
No. Since Bloomberg dropped out of the race on March 4, there are no longer any betting odds available on his candidacy or presidency for 2020.
Just on speculation alone, prior to his official announcement, Bloomberg’s betting odds surged literally overnight, and he was already among the leading candidates at most sportsbooks, alongside the likes of Presidential candidate Andrew Yang.
Clearly, a large contingent of Democrat voters were less than impressed with the current lot of potential candidates, and a well-spoken, reasoned Bloomberg was thought to be able to easily outshine current favorites like Elizabeth Warren and Joe Biden on the Democratic debate stage.
That didn’t happen, as during the run up to Super Tuesday, it became clear that Biden would be the establishment front runner. Thus, Bloomberg has quit his campaign and has endorsed Sleepy Joe.
After a few months of political ads touting his candidacy, there was finally some substantive national polling data for Mini Mike’s chances to win the 2020 Presidency – and they were pretty hopeful. Bettors clearly thought he was a credible and serious candidate, and many of them were likely attracted by his pledge not to seek any campaign contributions, instead electing to fund his run out of his own (very deep) pockets.
Before dropping out, Bloomberg was polling in a strong third place nationally, leapfrogging previous big players like Pete Buttigieg and settling in behind Sanders, Biden, and Warren.
A recent survey of the Democratic electorate hinted at who Joe Biden will select as his Vice Presidential running mate. And although all 2020
“Every one of my positions cuts out half the country. I’m pro-choice. I’m pro-gay rights. I’m pro-immigration. I’m against guns. I believe in Darwin.”
Michael Bloomberg’s political platforms are something of a mystery outside of his gun control activism, which he has established by bankrolling leading anti-gun organizations like Mayors Against Illegal Guns (MAIG), Everytown for Gun Safety, and Moms Demand Action for Gunsense in America. However, due to Beto O’Rourke’s all-in on gun control (and summary all-out of the Presidential nomination process), it was unclear how hard Bloomberg would campaign on this issue. With an anti-gun Super Bowl ad, however, that question was quickly answered.
All in all, though, Bloomberg seems to believe in the mainstream Democratic points of interest and can be viewed to generally support the following as he campaigns for Biden:
Bloomberg’s past policies mostly jibe with his current ones, though he has taken some decidedly anti-Democratic positions. Bloomberg famously instituted “stop and frisk” in NYC, allowing police, without cause, to stop and pat down any resident in the city, at any time, for any reason. Some have called this evidence of Mini Mike’s alleged Napoleon complex.
Bloomberg followed up that policy by strengthening NYC’s anti-marijuana laws and banning large sodas in restaurants and stores, which seems like something a “Mini Mike” would do. Those sodas were just too big! Bloomberg has also specifically called for banning minority males from owning firearms, for which he received tremendous flack from both sides of the aisle.
It was difficult in the Democratic debates for Bloomberg to outrun his stop-and-frisk and targeted minority disarmament platforms, and his advocacy for keeping marijuana illegal was an even bigger hurdle. All of these likely contributed to his eventual campaign suspension.
Michael Bloomberg, like incumbent Donald Trump on the other side of the aisle, made his mark in the private business world. Of course, high finance and entertainment markets have political implications and political structures of their own, and Bloomberg proved adept at running for and winning the coveted NYC mayoral position in three consecutive elections.
Michael Bloomberg is worth over $55 billion. That’s probably all anyone really needs to know about his education.
However, if you want the specifics, Bloomberg attended Johns Hopkins University in 1961, joined the Phi Kappa Psi fraternity, and graduated in 1964 with a BS in electrical engineering. He then attended Harvard Business School, graduating in 1966 with an MBA. Clearly, Bloomberg put the latter degree to good use.
In addition to serving as mayor of New York City from 2002-2013, Michael Bloomberg is a civic-minded philanthropist. His interests range from environmental advocacy and scholastic leadership initiatives to a host of other causes like anti-tobacco education and biomedical research, to name a few.
Bloomberg is one of the largest charitable and philanthropic donors in the US, and he has given billions of dollars to thousands of different non-profits over the years through his Bloomberg Philanthropies Foundation.
When it comes to gambling legalization, Bloomberg’s views seem to be in support of states’ rights to build up these industries without federal interference. However, the issue does not figure to be a prominent one during this campaign cycle, and Bloomberg’s pro-gambling stance was not a deciding factor for voters in the primary elections.
Bloomberg’s stance on domestic gambling legalization clashes somewhat with that of Presidential candidate Andrew Yang who is more in favor of federal regulation over the gambling industry, which in essence overrides the concept of states’ rights on this matter.
Absolutely nothing. Since Bloombucks dropped out of the race, anyone who bet their own bucks on him lost big. Now, no sportsbook features him on their odds boards, though he still figures to affect the outcome of the race.
One of the main narratives in the DNC nomination process was the lack of a truly voter-energizing candidate. Front-runners like Warren, Biden, and Sanders hadn’t separated themselves from the pack, and there was a real fear that none of them would galvanize their bases like Trump does on the other side. Michael Bloomberg, in this scenario, could have had a real shot. Here are five reasons why:
**This page is not intended to be a public endorsement our only goal is to inform bettors of the current odds found online. Our team strives to provide transparent information that reflects the best qualities of the candidate. Odds and other information provided on this page should only be used to make an informed betting decision.