Oddsmakers Suggest Phil Murphy Will Be First Democratic NJ Governor Re-elected in nearly 40 years
–Betting Odds Heavily Favor Democratic Incumbent in Upcoming Governor Election–
Hoboken, New Jersey – June 14, 2021 – Democrats are the odds-on favorites to win the 2021 New Jersey, according to betting industry analysts at USsportsbonus.com (See Disclaimer Below). Democrats have 1/15 odds to win the election (93.8% implied probability), while Republicans are 6/1 (14.3%).
“Following his win in the Republican primary, Jack Ciattarelli is facing an uphill battle against the Democratic incumbent, as Phil Murphy has been the heavy favorite for some time,” says US Sportsbonusgambling industry analyst Jay Sanin. “It’s common to see a party’s odds improve once a candidate is officially chosen, but the Republican party’s odds did not see any significant improvements following the primary, which poses even better news for Murphy.”
Though New Jersey’s population includes more registered Democrats than Republicans, a Democratic governor has not been re-elected in the Garden State since Brendan Byrne in 1977. With the odds heavily favoring Murphy, bookies currently expect the incumbent to be the first Democrat re-elected as governor in nearly 40 years. Polls currently give Murphy a significant lead, which adds to the likelihood of a Democratic victory in November.
“Political betting odds have proven successful in election outcomes, as evidenced by bookies being more accurate than polling data when it came to states and electoral votes won during the 2020 U.S. Presidential Election,” says US Sportsbonus gambling industry analyst Jay Sanin. “In many cases, betting odds also show shifts in probability more quickly than polls do, which is another reason why we’ve seen a rise in value for political betting figures.”
Who will win the New Jersey Governor Election in 2021
Democrats: 1/15 (-1500)
Republicans: 6/1 (+600)
Disclaimer: Wagering on the outcomes presented in this article is not currently legalized in the U.S. Odds listed are for illustrative purposes only, and are gathered from overseas operators, where betting on such props is legal and regulated.
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