The New Hampshire primaries are on Tuesday, and there is tremendous interest to see how the field coalesces after last week’s Iowa Caucastrophe.

After that four-star ****show, Vermont Senator Bernie Sanders – who came away from the nation’s first party vote in a virtual dead heat with Pete Buttigieg and earned 12 delegates – is the Democratic favorite to earn the Presidential nomination, despite the former South Bend mayor grabbing 14 delegates.

That may seem unfair to Mayor Pete, but Buttigieg’s shared victory has been deemed unsustainable by the betting public. After New Hampshire, we’ll all have a better picture of whether or not the Buttigieg campaign has legs in the mainstream.

New Hampshire Democratic Primary Winner

Via Bovada – Feb. 10, 2020

• Bernie Sanders -500
• Pete Buttigieg +300
• Amy Klobuchar +5000
• Elizabeth Warren +5000
• Joe Biden +5000
• Andrew Yang +7500

Almost as surprising as Sanders’ surge in New Hampshire is Joe Biden’s fall.

After Friday night’s most recent Democratic debate (no, not the one the DNC rigged to get billionaire Michael Bloomberg onto the debate stage – that’s later this month), Biden’s odds have plummeted to their lowest levels since he declared his candidacy.

Now, given his own admission that he’s unlikely to win in NH, it’s a safe bet that “Ridin’ with Biden” anywhere but in the bike lane is a losing proposition.

As for Bernie’s national chances, it’s still unclear if the avowed socialist’s platforms can sway establishment voters on Super Tuesday and beyond. As election season moves into areas more accepting of traditional Wall Street-friendly candidates Buttigieg and Bloomberg, the corporate favorites are rocketing up the odds boards and polling well in delegate-heavy states.

After all, according to the revered and scholarly CNN, those three candidates – plus Amy Klobuchar for good measure because what the hell – “won” the most recent debate.

Still, Bernie has the edge at most election betting sites. The following are the latest odds from Bovada, with the most recent previous odds in parentheses. Sanders is – for the moment – increasing his national lead.

2020 Democratic Nominee Odds

Via Bovada

• Bernie Sanders +130 (+140)
• Michael Bloomberg +350 (+375)
• Pete Buttigieg +450 (no change)
• Joe Biden +550 (+500)
• Elizabeth Warren +1400 (+1200)
• Hillary Clinton +1800 (+2000)
• Andrew Yang +3000 (+2800)
• Amy Klobuchar +6000 (+6600)
• Michelle Obama +10000 (-)
• Tom Steyer +15000 (-)
• Tulsi Gabbard +20000 (-)
• Deval Patrick +25000 (-)
• Michael Bennet +25000 (-)

Of course, the biggest winner of the Iowa caucus and the latest Democratic debate is unarguably Donald Trump, who was trending at -140 or so before the pair of events and is now sitting at -180 to win re-election in 2020. That’s the biggest week-over-week gain for the incumbent to date.

With the lowest unemployment figures in decades and the lowest black unemployment ever – paired with the strongest economy, highest consumer sentiment, and biggest Wall Street gains on record – the old Carville-ism of “It’s the economy, stupid” should all but guarantee a second term for Trump.

In other words, if old rules apply to new age identity politics, the Trump Train won’t be derailed by free healthcare or two pennies on the tracks or any number of $11 million anti-gun ads Mr. Boomberg can cook up.

That seems to be borne out by the betting lines.

2020 US Presidential Election Winner

Via Bovada

• Donald Trump -180
• Bernie Sanders +375
• Michael Bloomberg +750
• Pete Buttigieg +1100
• Joe Biden +1200
• Andrew Yang +3000
• Elizabeth Warren +4000
• Hillary Clinton +5000
• Amy Klobuchar +10000
• Michelle Obama +15000
• Mike Pence +15000
• Nikki Haley +15000
• Tulsi Gabbard +15000
• Jeb Bush +25000
• John Kasich +25000
• Mitt Romney +25000
• Tammy Duckworth +25000
• Trey Gowdy +25000
• William (Bill) Weld +25000
• Marco Rubio +30000
• Mark Cuban +30000
• Ted Cruz +30000
• Tim Kaine +30000
• Tom Steyer +30000
• Deval Patrick +40000
• Howard Schultz +50000
• Kanye West +100000