He has a hobbit’s chance.

David Zuckerman, that is. Having won the Democratic gubernatorial primary, he now faces an epic adventure in his attempt to defeat Gov. Phil Smau– I mean, Scott.

If the election were held today, Scott would win in a walk. But there is a path to victory for our friend the Zuckerhobbit. Not gonna be easy, though. And quite a few factors are largely out of his control.

As I get to play the role of J.R.R. Tolkien, here’s the long and winding road to a Zuckerman victory.

First, he needs a bunch of money right quick. Zuckerman’s campaign entered the month of August with a cash balance of $42,000. He also had a $26,000 surplus from previous campaigns. At the end of July, he reported several mass media buys totaling $15,000 that weren’t included in his August 1 financial report. I conclude that his actual cash balance on 8/1 was $27,000. Add in the surplus, and you’ve got $53,000.

To be competitive in a statewide race for governor, you need to have — conservatively — at least a million bucks. Preferably a million and a half. Between the launch of his candidacy and the end of July, Zuckerman raised $347,000. In the 2016 cycle, which had some different deadlines, Dem nominee Sue Minter had raised over a million bucks by mid-August. He has to pick up the pace at a time when liberal donors have plenty of calls for their money, including the race for president, the battle for a U.S. Senate majority, and efforts to turn state legislatures blue in time for the 2022 redistricting wars.

Second, he needs not to wake the dragon. In this case, the Republican Governors Association. So far, the RGA has committed very little money to defending Scott. But that could change in an instant. If the RGA sees evidence of a rising Zuckerman insurgency, it can pour in boatloads of cash in an instant. In 2016, it spent more than $3 million to get Scott into the corner office. It can, and will, do so again if Scott looks vulnerable. Zuckerman has to hope that the dragon doesn’t wake up until late October or thereabouts. Seems unlikely; the RGA is smarter than that.

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