Democratic Establishment Concerned with Sanders Securing Party Ticket, Unite Behind Biden

Posted on: March 2, 2020, 05:17h. 

Last updated on: March 2, 2020, 06:19h.

Devin O'Connor @CasinoorgDevinO Read More
Expertise: Asia Pacific Gaming, Commercial Gaming, Legislation, Politics.

The Democratic Party apparently is uniting behind former VP Joe Biden. That’s as the establishment is becoming increasingly worried regarding Vermont Sen. Bernie Sanders potentially securing its nomination to challenge President Donald Trump in November.

Democratic Sanders odds Super Tuesday
Democratic Sen. Bernie Sanders (right) is favored to win the majority of Super Tuesday states, but Joe Biden (left) is gaining momentum. (Image: Jim Watson/Getty)

Following Biden’s win on Saturday in South Carolina, former South Bend, Indiana, Mayor Pete Buttigieg and billionaire activist Tom Steyer dropped out of the race. Minnesota Sen. Amy Klobuchar joined them on Monday.

Now, just hours before Super Tuesday begins with Democrats voting in 14 primaries and 1,357 delegates up for grabs, it appears the party’s establishment is putting its chips on Biden.

It’s becoming increasingly clear that the candidates funded by big money and super PACs are coalescing behind Joe Biden, and that’s not a surprise,” Sanders’ senior campaign strategist Jeff Weaver said. “I think it’ll add a lot of clarity to this race.”

Buttigieg and Klobuchar have both given their endorsements to the former vice president. Their withdrawals have shaken up the Super Tuesday betting lines.

And make no mistake: Biden is the beneficiary.

Unite or Fight?

Sanders retains his lead in securing the Democratic nomination on PredictIt, but the gap is closing. Biden’s shares are up to 42 cents following Buttigieg and Klobuchar’s endorsements. He trails Sanders now by only six cents.

Democratic nomination share prices: Sanders 48 cents, Biden 42 cents, Michael Bloomberg 8 cents, Sen. Elizabeth Warren 4 cents.

Of course, that market will be much clearer following the results of Super Tuesday. So, which candidate is expected to fare the best? Here are the PredictIt betting share prices on each Super Tuesday primary state (winning shares are redeemed at $1).

State (# of delegates)        Sanders    Biden   Bloomberg   Warren

Alabama (52):                          4            97              3                1

Arkansas (31):                         15           81              9                1

California (415):                      94          7                 1                1

Colorado (67):                         94          5                 1               1

Maine (24):                              78          22               4               3

Massachusetts (91):               76           6                1               24

Minnesota (75):                       79          21               1                2

North Carolina (110):               25         76               7                1

Oklahoma (37):                        27         72               7                1

Tennessee (64):                       11          86              6                1

Texas (228):                             59         46               6               1

Utah (29):                                 93          7                5                2

Vermont (16):                           99          1                 1                1

Virginia (99):                            22          81               4                1

As the above reveals, Sanders is favored in eight of the 14 Super Tuesday primaries. But Biden will benefit from the exiting of Buttigieg and Klobuchar, as Democrats have no states with a “winner-take-all” delegates arrangement.

Biden is favored in a slew of upcoming primaries, including critical Florida, Georgia, South Carolina, Mississippi, Louisiana, Missouri, Ohio, Pennsylvania, Kentucky, Delaware, and Indiana.

Trump believes the fix is in for the Democratic Party to have Biden be their 2020 nominee. “They are staging a coup against Bernie!” the president tweeted Monday.

Despite his momentum, Biden produced a couple classic Biden blunders. After saying tomorrow is “Super Thursday,” he told an enthusiastic crowd:

Can Bernie Beat Trump?

FiveThirtyEight reported that Klobuchar’s exit moves the odds even shorter on the possibility of no Democratic candidate securing enough delegates to avoid a brokered convention. The site gives Sanders a one in six chance (17 percent) of claiming at least half of the delegates. Biden is at 14 cents, Bloomberg at 0.1 percent, and Warren 0.0 percent.

In a brokered convention, the party’s elites – known as “superdelegates – anoint a nominee, regardless of whether that person secured the most votes and delegates during the primary process.

The establishment’s effort to seemingly roadblock Sanders’ path to victory hints they don’t believe he can beat Trump. PredictIt doesn’t yet have hypothetical one-on-Trump odds, but the market asking which party wins in 2020 has GOP shares at 56 cents, and Democratic shares at 48 cents.

However, the Real Clear Politics polling average in a Trump vs. Sanders scenario has the Democrat with a 4.9-point lead.