Betting markets for the Democratic...............>

US: Betting markets for the Democratic presidential nomination have shown a

narrowing in the lead for left-wing Senator Bernie Sanders (I-Vt) in recent

days, with next state contest not due until the Nevada caucuses on 22 Feb. 

- According to data from Betdata.io, which compiles betting implied

probabilities from Betfair, Sanders has a 37% chance of winning the Democratic

nomination. His probability has held relatively steady around this level since

the start of Feb (a range of 33%-41% during the month so far).

- Sanders' lead has shrunk as bettors flock to former NYC Mayor Michael

Bloomberg, who is now afforded a 32% chance of getting the nomination according.

This is up from a 12% probability on 4 Feb, and is despite Bloomberg not

standing in any of the 4 caucuses/primaries before 'Super Tuesday' on 3 March. 

- Former VP Joe Biden has fallen to 4th place in the probability stakes, with an

8% chance of winning the nomination, a fall from 31% on 3 Feb. 

- Some bettors clearly expecting a contested convention resulting in a

compromise candidate, with bettors giving Hillary Clinton a 4% chance of

becoming the Democratic nominee.