After months and months of speculation, Democratic presidential candidate Joe Biden has finally made his Vice President choice: Kamala Harris.
Harris, a Senator from California since 2017, is a well-known political figure and ran against Biden earlier this year for President. She dropped out early after failing to amass public support in the early states and ahead of Super Tuesday, and she quickly became an obvious candidate for VP.
According to betting odds at European book Betfair, she's actually been the favorite for months now, and starting in mid-June she became he odds-on favorite with -125 odds (bet $125 to win $100). She peaked at -175 odds in recent weeks, which translates to a 63.7% implied probability.
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Biden announced earlier this year that he would pick a female candidate, and he made good on that promise today in picking Harris, who is the daughter of Indian and Jamaican immigrants.
Prior to her stint in the Senate, Harris was the District Attorney of San Francisco from 2004-2011 before coming the Attorney General of California, a position she held from 2011-2017.
Odds suggest that she'll make history yet again as the first female to hold the President or VP position: Biden is a -161 favorite (61.7% implied probability) to win the presidency in November.
Below is a recap of how Harris' odds have changed since we started tracking them on April 1.
Timeline of Kamala Harris' Odds to Be VP Pick
| Date | Odds | Implied Prob. |
|---|---|---|
| April 1 | +188 | 34.7% |
| April 13 | +150 | 40.0% |
| May 5 | +175 | 36.4% |
| June 1 | +138 | 42.2% |
| June 24 | -125 | 55.6% |
| July 15 | +100 | 50.0% |
| July 30 | -175 | 63.7% |
