Would run as independent
The New York Times, citing sources close to the billionaire owner of Bloomberg LP, is considering a bid for the White House.
The story breaks down all the angles but the bottom line is that he will only run if Trump/Cruz wins the Republican nomination and Bernie Sanders wins the Democratic nomination.
At the moment, Hilary Clinton is still a massive favourite to emerge from the Democratic primaries. She's a 1/6 favourite with most bookmakers with Sanders running at 7/2.
Here's the betting line for Republicans:
It's tough to find a line on Michael Bloomberg but various spots have him from 33-to-1 to 999-to-1.