Yes, everyone but delusional elitists already know that he has no chance!
After British import Bloomberg has made himself well known as the greatest gun-grabber since King George, the below map and link should be a reality check for Bloomberg supporters:
[Click image for an interactive zoom-in of map (and wait for full load)] 
Given that Bloomberg's mother was an office manager and his father was a realtor who died a few years after he graduated college whereas Trump was born with silver spoon, you'd have to wonder who the elitist is. Bloomberg is a bona fide entrepreneurial genius. From nothing, he built a $40b fortune in the financial data business by toppling entrenched incumbents like Thomson and Reuters. His experience as a GOP mayor, winning 2 terms against Democrats in a city that is only 13% Republican suggests that he's got a keen political mind that has overcome a complete absence of charisma.
Romney was a brilliant entrepreneur who built a $400m from nothing except perhaps his father's connections from his time as AMC's CEO and the Michigan gubernatorial mansion. Unlike Romney and Trump, Bloomberg had no connections and no inherited money, yet is worth $40b. That's a tremendous personal achievement. But unlike Trump, you'll never hear him advertise it. I don't like Bloomberg's politics, but he is clearly a man of substance in a very old-fashioned way.