Betting is ramping up on the 2024 US Election and over £3 million was matched on Betfair Exchange in the past 24 hours. See how this has affected Donald Trump's odds below.
On Thursday, it was reported that over £3 million was matched on the US Election on Betfair Exchange. This has taken the total amount bet on the 2024 US Election to over £173 Million, an extraordinary figure with over 5 days still to go.
With US Election betting approaching £2 million on the Betfair Exchange, we have a better sense of what to expect on November 5th, and the odds and betting suggest Donald Trump is edging toward a return to the White House.
Let's dive deeper into the numbers to better understand where things stand in the race to be the Next US President.
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Trump's Odds Cut to as Short as 4/7 With Five Days to Go
On Thursday morning, Donald Trump went as short as 4/7 to win the US Election, with just five days left in the race.
This came after a flurry of bets saw over £2.3 million matched on the former President in the Election Winner market, on Betfair Exchange.
With almost £820,000 matched on Kamala Harris to win, the total amount placed on the Election Winner market in 24 hours was £3,178,837 heading into Thursday morning.
At the time of writing, Donald Trump can be backed at 1.63 (5/8) to win the US Election, slightly higher than his 24-hour low of 1.57 (4/7).
Donald Trump Has a 61.3% Chance of Becoming the Next US President According to Betfair Odds
At his current odds of 1.63, there is a 61.3% chance of Donald Trump winning the US Election, which has seen the race go from "too close to call" to "likely" that Trump finds himself back in office in 2025.
Trump has been the frontrunner for a while now, but we have seen huge swings in the race in the past, and there is every chance the market will change drastically as we get closer to the Election.
Almost £120 Million Matched on the Election Winner Market on Betfair Exchange
At this time, there has been £118,926,496 traded in the Election Winner market, with almost £68 million of that placed on Donald Trump to win the 2024 US Election.
This is already an astronomical figure and one that makes the 2024 US Election one of the biggest events in Betfair Exchange history - and there is a long way to go.
Keep an eye on how the markets change in the coming days as we edge ever closer to Election Night on November 5th.
Right now, the odds suggest Donald Trump will return to office, but can Kamala Harris swing the votes in the all-important states, and change things drastically in the race?
