2020 Presidential Candidates and Party Affiliation Michael Bloomberg – 2020 Presidential Candidate Odds

Michael Bloomberg – 2020 Presidential Candidate Odds

Michael Bloomberg (D)

Bovada Sportsbook
Party Nomination Odds: +900
Presidential Election Odds: +1600
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Betonline Sportsbook
Party Nomination Odds: +900
Presidential Election Odds: +1600
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Top Democratic Primary Leaders

* This data reflects the popularity of Democratic candidates based on data collected from Democratic Primary Voters. Percentages represent favorability to win the 2020 Democratic nomination. Data was taken from 11/24-12/4/2019

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Who Is Michael Bloomberg?

Democrat IconMichael 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 will be running 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 gets underway.

Voter Base

Voter Base IconUnfortunately, Bloomberg risks alienating support of the African American community due to various policies instituted during his mayoral years in NYC, and that could 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.

  • Undecided voters
  • Independents
  • Moderates
  • Centrists
  • Progressives
  • Immigrants
  • LGBTQ

Michael Bloomberg Odds To Win The 2020 Presidential Election – Does Bloomberg Have A Chance To Win?  

Odds IconRight now, it is difficult to say how realistic of a chance Michael Bloomberg has to win the DNC nomination and represent the Democratic party in the 2020 election against President Donald Trump. Upon news of his candidacy, many Democrats were quick to align him with Trump as just “another New York billionaire.”

However, legal political betting sites have had Bloomberg on their boards for some time now (long before he officially announced), so bettors clearly think he has a solid chance. Now with the news of his actual candidacy confirmation, you can expect those odds to narrow considerably, as he should immediately jump into the top tier among the DNC field.

Odds Of Michael Bloomberg Winning The Democratic Nomination

For much of the primary debate season, Bloomberg has 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 is official, sites like Bovada are giving him top-tier odds right now, and those are sure to shorten in the coming months.

Can I Bet On Michael Bloomberg Now?

Yes, you can bet on Michael Bloomberg right now. Betting sites are offering lines on his Democratic nomination odds as well as his Presidential election odds, and he looks to be in the front-running group for the foreseeable future.

Of course, timing is everything, and the value on Michael Bloomberg odds is sure to diminish further. If you want to maximize your potential payout, you should put your bucks on Bloombucks in a New York Minute.

What The Current Betting Odds Tell Us About Bloomberg’s Chance Of Winning In 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 are less than impressed with the current lot of potential candidates, and a well-spoken, reasoned Bloomberg could easily outshine current favorites like Elizabeth Warren and Joe Biden on the Democratic debate stage.

The only candidate that may not be concerned about Bloomberg’s entry is Bernie Sanders, as their policies are so different – and Bernie’s popularity is so entrenched – that Bloomberg might end up actually pushing new voters to #FeelTheBern.

Michael Bloomberg’s Chances Of Winning Based On Prediction Markets

Because Bloomberg’s candidacy is so new, there is no substantive national polling data for his chances to win the 2020 Presidency. That said, bettors clearly think he is a credible and serious candidate, and many of them are likely attracted by his pledge not to seek any campaign contributions, instead electing to fund his run out of his own (very deep) pockets.

With Bloomberg officially in the race, pollsters will soon get some meaningful data to work with and this page will be updated to reflect his nationwide popularity.


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In His Own Words

“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 Running Policies

Policy IconMichael Bloomberg’s current 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 is unclear how hard Bloomberg will campaign on this issue.

It is more likely that Bloomberg will advertise his immense private sector success, echoing President Donald Trump’s 2016 talking points about America’s economy needing a seasoned businessman to fix its ails. Notably, Bloomberg’s thoughts on single-payer healthcare are not fully known at this time.

All in all, Bloomberg seems to believe in the mainstream Democratic points of interest and can be viewed to generally support the following (though to what extent remains to be seen):

  • Tax increases
  • Abortion rights
  • Free birth control for girls 14+
  • Embryonic stem cell research
  • Climate change mandates
  • Same-sex marriage
  • LGBTQ rights
  • Public education funding
  • Biometric database to track all citizens
  • Opposition of deportation of undocumented residents

Michael Bloomberg’s Previous Policies

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.

Bloomberg followed up that policy by strengthening NYC’s anti-marijuana laws and banning large sodas in restaurants and stores. 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 will be 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 threatens to be an even bigger hurdle. It will be interesting to see if the candidate reverses course on these issues going forward. 

Experience

Experience IconMichael 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. However, Bloomberg promoted some unpopular platforms during that time, so it remains to be seen if any of that baggage will weigh him down in 2020.

Education

Education IconMichael Bloomberg is worth $53 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.

Civic Work

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.

Michael Bloomberg’s Views On Gambling

Gambling IconWhen 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 is unlikely to be a deciding factor for voters in the primary or general 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.


How Much Can I Win If I Bet On Michael Bloomberg?

It depends on how much he raises your taxes! But all kidding aside, once Bloomberg establishes himself in the race, his odds will place him near the top of the boards. That means that the payouts won’t be as good as they might be for other candidates.

Of course, a candidate has to actually win in order for you to get paid, so that’s something to consider when wagering.

Top 5 Reasons Michael Bloomberg’s Chances Of Winning Are Real

One of the continuing narratives in the DNC nomination process to date has been the lack of a truly voter-energizing candidate. Front-runners like Warren, Biden, and Sanders haven’t separated themselves from the pack, and there’s a real fear that none of them can galvanize their bases like Trump can on the other side. Michael Bloomberg, however, could have a real shot. Here are five reasons why:

  1. He has the money – They don’t call him Daddy Bloombucks for nothing! With a huge war chest that requires no outside funding, Bloomberg can spend virtually without limit on ad buys and grassroots efforts in all 50 states.
  2. He owns the news – Bloomberg News is one of the world’s largest news organizations, with magazines, newspapers, television networks, and more. With top-to-bottom control of a large news empire, Bloomberg should be able to tilt the narrative in his favor.
  3. He has the experience – Not that it necessarily matters (given Trump’s ascendancy sans any political experience whatsoever), but Bloomberg was mayor of the most important city in the world for three straight terms. That’s probably enough to convince many on-the-fence voters of his political chops.
  4. He has the center-left – One of the complaints about the current Democratic candidates is that they’re all too far to the left to court the massively important centrists that threaten to tip the scales of any major contentious election. Bloomberg will attract undecided moderates and progressive-leaning Trump voters better than any other candidate.
  5. He has the motivation – Bloomberg has toyed with entering Presidential races before, but he’s deferred each time. Perhaps he was waiting to jump in against a candidate he believes he can beat, or maybe he simply decided that it’s finally time. After all, Bloomberg immensely dislikes Donald Trump, and he’ll also be 78 by the time November 2020 rolls around. It’s now or never.


**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.