Does Bateman have a chance?

Alan Bateman, as some of us know, is running against Rush Holt for Congressman. Holt is has been in office for several terms and is known throughout most of NJ. People recognize his name and will most likely vote for him in the upcoming election. This Alan Bateman guy seems like he is coming out of nowhere to challenge Holt. Well, somebody has to. But Bateman probably does not have any chance considering he only has like $7,000 in his campaign compared to Holt's $700,000 or something like that. From hearing him speak, he has several good ideas he plans to execute if elected but he will probably only have to initiate those plans as Deputy Mayor of Holmdel since he will not be elected.