The money keeps coming for the current POTUS…
August has seen Donald Trump’s odds cut for the 2020 US election, with punters backing the 74-year-old in their numbers.
He started the month at 7/4, but in the last three weeks his price has been cut into as short as 11/10.
A best price of 5/4 is available with three firms.
Oddschecker punters are also getting their money down on Trump.
Indeed, Trump has taken 60% of bets in the market through oddschecker in the last month.
This is in contrast to Biden taking just 33% of bets in the same time period.
In turn, Biden has been on the drift. He was 1/2 with a number of bookmakers on the 1st of August, but his price has slowly been eased throughout the last few weeks.
The Democrat nominee is now as big as 4/5 to be the next US President. Some bookmakers are still apprehensive to ease out the 77-year-old, making him as short as 4/6.
Trump is proving vastly more popular at the moment, and the support just keeps on coming for the current President. In the last week, Trump has taken 64% of bets in the market.
Will the market keep moving in Trump’s favour? Punters are still lapping up his current price tag, so it may only be a matter of time before he shortens up even further.
On the Betfair Exchange, Joe Biden is available at 1.79 to back, with Trump currently 2.34.
Oddschecker spokesperson Callum Wilson: "This year's election is set to be a blockbuster event at the bookmakers, with over £61m already matched at the Betfair Exchange alone.
"Sportsbooks have also received vast interest in the 2020 election, and the tide seems to be turning for Donald Trump.
"Six out of ten bets over the last month are now backing the current POTUS to remain in his position, whilst support continues to dwindle for Biden. Interestingly, 6% of punters have backed Kamala Harris at 66/1."
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