2020 US Election Odds: Joe Biden's Odds Slashed Following Donald Trump's Tax Returns

New York Times' findings on Donald Trump's tax returns has caused Joe Biden's odds to shorten
Sam Eaton
Sun, September 27, 9:32 PM EDT

US Election Odds: Joe Bidens Odds Slashed After New York Times' Trump Taxes Bombshell 

The New York Times' landed a massive blow to Donald Trump's 2020 US election chances earlier today when they released findings on the current Presidents tax payments. The paper claimed that Donald Trump has paid no income tax at all in 10 of the last 15 years. In typical Trump style, the POTUS dismissed the report as "totally fake news". 

Even though Trump himself appears to be unnerved by today's allegations, online bookmakers believe this could be a pretty big dent to his 2020 US election chances. As we've previously reported, the US election odds market has dramatically changed over the last few months, with Joe Biden overtaking Donald Trump as the bookmakers favorite.   However, the market has remained pretty even, with Donald Trump's odds gradually shortening again. 

Following the New York Times' allegations, online sportsbooks have cut Joe Biden's odds of winning the US election. Biden is now as short (worst odds available) as 8/11 (-137) in the betting market, which implies he's got 57.9% chance of winning. 

Donald Trump's US election odds haven't been impacted by questions over his tax returns, he remains 6/5 (+120) to win the 2020 US election, which implies he's got a 45.5% chance of doing so. 

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Despite bookmakers believing that Joe Biden's chances of winning the 2020 US election were boosted today, online bettors disagreed. Since the New York Times' released their findings, Donald Trump has accounted for 52.5% of bets placed in the US election odds market. In the same time period, Joe Biden has accounted for 41% of wagers. 

2020 US Election Odds 

Candidate UK Odds US Odds Implied % Chance % Of Bets Since NY Times' Findings
Joe Biden 5/6 -120 54.5% 41%
Donald Trump 6/5 +120 45.5% 52.5%

*Best odds available from OddsChecker's UK site

US Election Odds: First Debate Odds

It's going to be a busy week in the world of politics betting, with the first US election debate scheduled to take placed in Ohio on Tuesday. 

Online bookmakers have Joe Biden as the very short-priced favorite to win the first election debate. Joe Biden's odds (4/11), currently imply he has a 73.3% chance of being victorious on Tuesday night.

At the start of the year, it would have been pretty unimaginable to think Donald Trump would lose a debate to Joe Biden. However, his handling of the current climate and the latest allegations have led to his odds rapidly lengthening. At the end of August, his odds (6/5) to win the first debate implied he has a 45.5% chance of winning. However, his odds have been pushed out to 2/1, which means Donald Trump's chances of beating in Joe Biden in the first election debate are currently 33.3%. 

Since Monday, Donald Trump has dominated the first debate betting market, he's accounted for 65% of all wagers. 

US Election Odds: First Debate Winner Odds

Candidate UK Odds US Odds Implied % Chance % Of Bets Since 09/21
Joe Biden 4/11 -275 73.3% 35%
Donald Trump 2/1 +200 33.3% 65%

Unfortunately, unlike many other countries, we can't bet on the US election, however, our friends over at Draftkings are running a $50,000 Presidential Election debate pool which will add plenty of intrigue to Tuesday night! 

The DraftKings competition is free to enter and the prize pool is a whopping $50,000! Click here to enter! 

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