Donald Trump’s chances of winning the 2024 presidential election have taken a hit after his speech at the Republican National Convention in Milwaukee on Thursday, according to a top bookmaker.
Trump’s 90-minute speech was his formal acceptance of the Republican Party’s 2024 presidential nomination.
During the address, he called Joe Biden “the worst president in history” and promised that America’s future would be “bigger, better, bolder, brighter, happier, stronger, freer, greater, and more united than ever before.” Trump pledged to “make America great again” quickly.
According to the source, despite the strong words, Trump’s speech sometimes veered off-topic and even led to social media mockery.
At one point, he mistakenly referenced the fictional serial killer Hannibal Lecter as “the late great Hannibal Lecter.”
An NBC News reporter noted that several people around Trump appeared to fall asleep during the speech.
Following the address, David Axelrod, former chief strategist for Barack Obama’s campaigns, told CNN that Trump’s speech was “the first good thing that’s happened to Democrats in the last three weeks.”
The odds for Trump to win the election have shifted. The William Hill bookmaker adjusted Trump’s odds from 2/5 (71.4 percent) before the speech to 8/15 (65.2 percent) afterward.
Meanwhile, Biden’s odds for reelection have dropped to 12/1 (7.7 percent), amid internal party pressure for him to step down.
Concerns about Biden’s age and mental fitness were highlighted during his debate with Trump on June 27, where he struggled to maintain his train of thought.
William Hill spokesman Lee Phelps mentioned that Biden’s odds are now 12/1 to win, and Vice President Kamala Harris is currently 11/4 to potentially replace Biden.
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Polling expert Nate Silver initially thought Trump’s speech might benefit his campaign but later revised his opinion, suggesting both parties seem to be mishandling the election.
New York Times columnist Ezra Klein noted that Trump’s speech might energize Democrats and challenge the belief that Biden’s replacement would be a lost cause.