Betting markets now see the race between Biden and Sanders as essentially a tossup

These odds are from BetFair, but all the other big books now have similar odds:

• Bernie Sanders: +110 odds, 47.6% implied probability
• Joe Biden: +120 odds, 45.5% implied probability
• Michael Bloomberg: +600 odds, 12.4% implied probability
• Hillary Clinton: +2500 odds, 3.3% implied probability
• Elizabeth Warren: +4000 odds, 2.1% implied probability
• Michelle Obama: +10000 odds, 0.9% implied probability
• Tulsi Gabbard: +20000 odds, 0.4% implied probability

Note that the implied probability numbers remove the portion of the numbers that represent the house’s profit aka the juice or vig.

(The money on Hillary gives a certain pause about how good of a prediction market this represents, but the movement towards Biden in the last 48 hours has been massive).