Geraldo Rivera says Bernie is odds-on favorite after Bloomberg's 'political malpractice'

Fox News correspondent-at-large Geraldo Rivera said on Friday that socialist Sen. Bernie Sanders, I-Vt., is the “odds-on favorite” to become the Democratic presidential nominee after a poor performance by former New York City Mayor Michael Bloomberg in his first debate in Las Vegas.

“I think Bloomberg laid a big fat egg. It was political malpractice. He was so woefully unprepared. It was a shameful performance,” Rivera told “Fox & Friends,” in light of several moderate Democrats backing Bloomberg to block Sanders from winning the nomination.

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Sanders predicted this week, after Bloomberg’s first debate performance Wednesday night, that President Trump would “chew him up and spit him out” should he win the Democratic nomination.

In a clip of his interview on CBS News’ “60 Minutes” set to air on Sunday, Sanders was asked whether he was “surprised how unprepared” Bloomberg seemed for “some very basic obvious questions” during Wednesday’s debate.

Sanders went on to say that he is “worried about an unprecedented amount of money being spent” on Bloomberg’s campaign.

“We’ve never seen anything like this in American history,” Sanders said. “And I just think that the American people will rebel against this type of oligarchic movement.”

He added: “We are a democracy. One person, one vote. Not a guy worth $60 billion buying an election.”

The Bloomberg campaign’s latest Federal Election Commission report reveals that the former New York City mayor has spent more than $460 million since launching his campaign late last year. The FEC report showed that the campaign has $55.1 million cash-on-hand, compared with Sanders’ $16.8 million.

Rivera said Bloomberg was unprepared to answer expected questions pertaining to his previous comments on “stop and frisk, minority relations with cops," and the use of his billions to fund his presidential campaign.

Rivera said that Bloomberg “clearly” did not understand that the debate would be a “political environment.”

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"When you think of the fact that he has thousands of people working for him, why he didn’t have one or two guys to give him six zinger lines that you know you can use in the debate? And then to seem like the deer caught in the headlights and to get beat up by Elizabeth Warren and the others, I just think it was a performance that bordered on malpractice," said Rivera.

Fox News' Joseph A. Wulfsohn and Andrew O’Reilly contributed to this report.