Joe Biden now has a 67% chance of becoming the next POTUS according to the odds.
Bookmakers have re-opened their betting markets on the US Election after they had been suspended for a number of days.
Joe Biden has further strengthened his position in the market since bookmakers started taking bets again yesterday.
Joe Biden odds shorten further in latest betting
The Democratic nominee has been clipped into 1/2 with some firms, which is an implied probability of 67% of Biden being the next US President.
The best price available on Joe Biden is now 4/7.
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Donald Trump odds have drifted significantly
In turn, Trump has drifted out to 13/8 in the last 24 hours. The current POTUS has slowly been drifting in the last month, and his odds continue to ease.
As short as even money in August, the betting market is going against the 74-year-old.
The betting markets are beginning to heavily favour Biden, but still have it tighter than the recent polls. The polls give off the impression it is even more likely Biden will be the 46th POTUS.
With less than a month to go until the US Election, the betting market suggests time is running out for Trump to turn around the increasing probability he won’t serve a second term.
However, both the polls and betting market were spectacularly wrong in 2016, so it would be foolish to think is a done deal that Biden will win the election.
Latest US Election 2020 odds:
- Joe Biden 11/20
- Donald Trump 13/8
- Mike Pence 80/1
- Kamala Harris 100/1
