For the first time in months, President Donald Trump’s chances of re-election have slipped below 50%, according to UK oddsmakers.
With tensions high in the United States due to the present coronavirus outbreaks and the murder of George Floyd, Trump’s chances have taken a hit.
As of Sunday, President Trump’s odds to win the 2020 election slipped to +110, giving him an implied probability of 47.6%.
The last time President Trump’s Odds were that low was on March 22 of this year. He’s had either a 50% chance of winning the election or better during that entire time.
On the other side, the likely Democratic nominee for November’s presidential election, Joe Biden, has begun to see his odds shorten. Biden is currently +115 to win the presidency. Those odds give him a 46.4% to beat Trump.
Biden’s odds were as long as +135 earlier this month. At those odds, he had an implied probability of 42.6% of winning the presidency.