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2020 Election Odds: Odds Cut For Democratic Party To Win Presidential Election In Florida

Odds Cut For Democratic Party To Win Presidential Election In Florida
| 4 min read
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Florida was seen as one of the thirteen ‘swing’ states across the US during the 2016 election, and Donald Trump pulled off an unexpected victory when he managed to defeat Hillary Clinton by just 112,911 votes.

It was widely expected that the current President would manage to hold on to the Sunshine State in the 2020 elections, and the bookmakers odds had supported this claim. However, UK bookmakers have now cut the Democratic Party’s odds from +163 to as short as -110. This indicates that the Democrats percentage chance of winning back Florida has increased from 38% to 52%.

This shift in the market is likely to have been caused by Joe Biden’s overwhelming victory in the Democratic presidential primary. That win – combined with the many other implications of the current climate - has forced bookmakers in the UK to make the two parties as joint-favorites in the market.

In other US Election news, the support for Michelle Obama to be the Democratic VP nominee keeps growing. Obama has been cut from +2500 to as short as +1200 in the last few days. She’s also been the third most popular option with bettors in the Democrat candidate market this week behind the short price favorite Joe Biden and Hillary Clinton. Although a handful of UK bookmakers are offering +2000 for Michelle Obama to be the Democrat candidate it looks very unlikely as she’s +6600 with other operators.

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