US 2020 Election Odds: Punters desert Donald Trump following handling of Coronavirus

US 2020 Election Odds: Punters desert Donald Trump following handling of Coronavirus

Before the first US COVID-19 case, Trump was 4/7 favourite

Donald Trump’s odds of winning the 2020 US Election have slipped to 13/8, the longest they have been since 25th March 2019.

The incumbent President’s odds have been steadily falling since the middle of April while Joe Biden has been going in the opposite direction.

It was on the 2nd June that Biden overtook Trump to become the outright favourite to be the next POTUS, and the gap has continued to widen over the course of the month.

As of this morning, Trump’s odds of 13/8 are indicative of a 38.1% chance of winning, whilst Biden’s odds of 4/6 demonstrate a 60% likelihood of success.

The move comes after a seismic shift in the betting, with 72% of all money staked over the last month backing Biden.

In fact, a dig into the underlying data since the start of the Pandemic shows that Trump’s handling of Coronavirus has not resonated well with punters.

The day before the first known COVID-19 case was confirmed in Washington on January 20th, Trump was favoured as a 4/7 favourite with bookies.

Since then, a surge in support for Biden has seen Trump’s odds continue to drift and become more unlikely for re-election.

It’s not great reading for Trump supporters when monitoring the Betfair Exchange, with current odds of 2/1 giving him just a 33% implied chance of winning.

There's certainly liquidity in the market, with a staggering £41m currently matched on the platform.

Oddschecker spokesperson Callum Wilson: "It's been catastrophe-after-catastrophe for Donald Trump in recent months, and though it's taken a while, the sentiment is finally turning against him.

"There are still question marks over Joe Biden, but Trump's shambolic handling of the coronavirus pandemic has lost him many of his previous supporters - some of whom lifelong Republicans."

US 2020 Election odds:
Joe Biden - 4/6
Donald Trump - 13/8

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