Having been 33/1 to be named Republican nominee for this year’s US Presidential Election just two weeks ago, Ted Cruz is now just 4/1 after another impressive weekend at the polls.
The Texas Junior Senator went toe-to-toe with bookies favourite Donald Trump (8/15) as four states casted their vote this weekend.
Cruz claimed notable wins in Kansas and Maine, coming home with significant margins to second-placed Trump, and though the real estate mogul took Tennessee and Kentucky, Cruz wasn’t far behind.
Marco Rubio prevailed in the Puerto Rico Primary, but a failure to break into the top two anywhere else caused his odds to fall from 9/2 to 10/1.
Trump has called on Rubio to drop out, in order to take on Cruz one-on-one, while the Texan reiterated that the longer Rubio and Kasich continue, the longer Trump has an advantage.
However, it’s highly unlikely that Rubio will call it a day before his home state of Florida heads to the polls on March 15, so any duel between Trump and Cruz will have to wait.
Hillary Clinton maintained her advantage with victory in Louisiana, though rival Bernie Sanders prevailed in smaller-delegate-offering Nebraska and Kansas.
Well out of the running at 66/1 a fortnight ago, Cruz is now a 16/1 shot to become President, and those odds could tumble still if his recent momentum continues to snowball.
A televised debate in Florida later this week could alter things further, with Cruz and Rubio teaming up to attack Trump in recent weeks.
With this unheralded and incredible unique Republican race however, don’t expect the odds to stay the same for long.
All odds and markets correct as of the date of publishing.