Joe Biden takes office today as America's 46th president but he is not the favourite to win the next presidential election in four years, reports Max Liu...
"Incoming vice-president Kamala Harris is the favourite to win the presidential election in four years at 9/2."
On the day that he takes office to become America's 46th president Joe Biden is 5/1 to be re-elected at the next presidential election in 2024.
Those odds are in part due to Biden's age - at 78, he is the oldest president to take the oath of office - and incoming vice-president Kamala Harris is the favourite to win in four years at 9/2.
Donald Trump left the White House this morning but that won't necessarily signal the end of his political ambitions and he's 4/1 to win the Republican nomination for 2024, even though several senior party figures have said he should be barred from standing.
Speeches, ties, Irish poets - the inauguration odds
Biden will be sworn in as president in Washington at around 17:00 UK time and, with many people feeling jubilant at the beginning of a new era, the Sportsbook have some entertaining markets to mark the occasion.
Chief among them is the betting on Biden's inaugural address. How long will it be? Trump kept it brief four years ago at under 1500 words.
It was the shortest inaugural address this century but Biden is a more loquacious politicians and is expected to pass the 2000 word mark, with 2001-2250 the favourite at 2/1.
As for which words Biden will say in his speech, "pandemic" is 1/14 for obvious reasons, while he's 4/6 to mention "Ireland" or talk about being "Irish".
That's because Biden has made much of his Irish ancestry. Yesterday, he quoteed Dublin novelist James Joyce and hailed Ireland's poets the best in the world. So which, if any, of Ireland's writers will he quote in his inaugural address?
The obvious choice would be Seamus Heaney at 3/1, as Biden has quoted the Nobel Laureate in the past and Bill Clinton famously did so in Derry in 1995 when he was appealing for peace.
Betfair spokesperson Sam Rosbottom said: "Joe Biden is backed to take his moment in the limelight and deliver a speech longer than Donald Trump's with Betfair making 2001-2250 at 2/1 and 15-20 minutes at 13/8 the favourites.
"Biden's speech will be heard all over the earth and Betfair punters backing him to say Ireland (10/11), Trump, Russia (5/4) or Brexit (20/1) will be paying special attention to his words.
"This is likely to be Biden's first and only term according to the 2024 election market that makes Kamala Harris the 9/2 favourite to win the election, with Biden a 5/1 chance.
"Trump is the 4/1 favourite to be the Republican name on the ballot paper in 2024, but his chances of winning a second term are 10/1."