Dimon soon backtracked: “I should not have said it,” he said in a statement, according to CNN. “I’m not running for President. Proves I wouldn’t make a good politician. I get frustrated because I want all sides to come together to help solve big problems.”
Of course, Dimon’s not the only wealthy bigwig to have even tangentially suggested a run for president. Well-known names, from rapper Kanye West to tech billionaire and Mavericks owner Mark Cuban to former Starbucks CEO Howard Schultz, have teased the idea of a 2020 presidential bid. Oprah’s name has come up. Dwayne “The Rock” Johnson only recently shot down the idea completely.
So it raises the question: What would be each celebrity’s chances? How are the odds really stacking up?
Online bookie BetDSI, mainly known for its sportsbook, recently released its 2020 Presidential Election Betting Odds on some famous faces:
Mark Cuban: +5,000
Oprah Winfrey: +5,000
Bob Iger: +5,000
Dwayne Johnson (The Rock): +6,000
Jamie Dimon: +6,000
Michael Bloomberg: +6,000
Howard Schultz: +6,000
George Clooney: +7,500
LeBron James: +10,000
John Cena: +20,000
Tim Cook: +20,000
Kanye West: +50,000
The site uses in-house oddsmakers that specialize in U.S. politics and in particular the 2020 presidential election to set the numbers.
“Oddsmakers utilize their knowledge of a subject matter, and then they perform due diligence in researching the matter in order to collect current and relevant data,” Scott Cooley, spokesperson for BetDSI, explains to CNBC Make It. “These two steps allow them to create a base number. From there, they adjust the odds based on how they think the betting community will react to the odds.
“For example, if they think a presidential candidate deserves +1000 odds (or 10/1 odds) but this candidate is very popular with the public, they then may adjust the odds down to +800 (8/1) because they anticipate a lot of wagers to be placed on that candidate,” he adds.
The odds are also based on how people bet. Billionaire tech entrepreneur Mark Cuban was recently 75/1 (or +7,500), BetDSI explains, but he recently racked up dozens of bets, making the oddsmaker move his odds to 50/1, or +5,000.
As for the actual politicians, recent odds on BetDSI are favoring Trump, with U.S. Sen. Kamala Harris not too far behind. Trailing those two are Elizabeth Warren, Joe Biden, Bernie Sanders, Mike Pence and Michelle Obama.
Donald Trump: +150
Kamala Harris: +800
Elizabeth Warren: +1,000
Joe Biden: +1,200
Bernie Sanders: +1,200
Mike Pence: +1,600
Michelle Obama: +2,000
All of BetDSI’s odds for the 2020 presidential election can be found here.
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