Biden’s long-term bets could affect the election as the Democratic president’s chances for reelection increase.
His bet on a Democratic win in 2020 will be a major issue for the White House and the Democratic Party, as Biden’s 2020 reelection bid would be viewed by many as a foregone conclusion.
As part of his bet against 2020, Biden will also make a series of bets against Republicans, including the possibility of a Trump-led Congress, as well as a Republican-controlled House of Representatives.
If the GOP loses control of the House, Democrats could easily regain the Senate, and they could use the 2020 win to build a strong electoral majority in Congress.
Biden, a Democrat, is a former senator who served in the Senate from 2001 to 2005.
The betting odds for 2020 are a combination of historical odds, political and economic trends, and other factors.
The odds for the 2020 presidential election are on the line, and Biden has made a concerted effort to keep the odds low, even as the political landscape has shifted.
A new poll released Monday shows Biden trailing by as much as 9 percentage points over Donald Trump.
Biden will be hoping for a stronger showing in 2020 than in 2016.
The poll, conducted by Harvard University, found that more than three-quarters of voters surveyed think the current political climate will be better in 2020.
The new poll, released Monday by the Public Religion Research Institute, found support for Biden dropping to 43 per cent.
The latest poll shows the race at a virtual dead heat in the final weeks of the campaign, according to a CNN/ORC poll released Tuesday.
The RealClearPolitics average of recent national polls gives Trump a 10.7-point lead over Democrat Joe Biden, and a 4.6-point advantage over the Libertarian Party candidate Gary Johnson.
Polling averages also show a two-point edge for Johnson among registered voters.
The HuffPost Pollster average of national polls has the race tied at 49.8 per cent, and the HuffPost Polling average has Biden with a 7.2-point margin of error.
The polls released Monday have a margin of sampling error of plus or minus 3.1 percentage points, 19 times out of 20.
The Associated Press contributed to this report.
With files from The Associated Post, the Associated Press Politics Bureau, The Associated Newspapers, The Canadian Press and the Globe and Mail.