US Politics

Next President Odds: Biden in trouble after 'hazy' memory report and another gaffe

Joe Biden
Joe Biden's gaffes are mounting up

It's been another dramatic 24 hours in the US presidential election cycle and the Betfair odds have been reacting to it all with Biden the big loser after another slip

  • Latest Betfair odds give US President 27% chance of re-election

  • Biden's odds balloon after report finds he has 'hazy' memory

  • Meanwhile, Trump's popularity with punters continues to grow

Joe Biden's odds on re-election have taken a dramatic plunge in the immediate aftermath of an official report finding he has a 'hazy' memory, Betfair can reveal.

The US President furiously insisted 'I know what the hell I'm doing' and 'my memory is fine' in response to the Justice Department report into his mishandling of top secret documents.

Special Counsel Robert Hur described the 81-year-old's memory as 'fuzzy', 'faulty' and having 'significant limitations' - with the Democrat even forgetting the date his son died.

And, during his White House address last night (Thursday), Biden went on to commit another gaffe by mistakenly referring to the Egyptian leader as the President of Mexico.

Punters were far from convinced by Biden's reassurances, with his odds of reclaiming the Oval Office shooting out to 3.9.

Meanwhile, faith in Trump's chances of reclaiming power continue to grow despite his overwhelming legal issues, including four criminal trials and a string of lawsuits.

The Republican front-runner's odds on re-election now stand at 2.26/5 - that is a 47% chance, and a rise of over three percent since yesterday.

The latest news has also seen punters backing other possible candidates for the Democratic ticket. Vice President, Kamala Harris was as big as 80.079/1 just 24 hours ago, and her odds have now been backed into 28.027/1.

Michelle Obama has also been heavily backed, in fact so far this year the Betfair Exchange market has seen more bets on the former First Lady to win the election than Joe Biden and her odds have dramatically shortened from 60.059/1 on January 1, to just 12.011/1 now.

Sam Rosbottom, Betfair spokesman, said: 'Biden has been a fairly significant drifter in the Election Winner market, but this report, compounded by another memory lapse, is seeing punters viewing Trump as the safer bet with their money'.

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