2020 US Presidential Election Odds: 76% More People Backing Donald Trump Than Joe Biden
2020 US Presidential Election Odds
As November looms ever closer the betting on the 2020 US Election odds market intensifies. The Democratic party were very active in the media last week, however, it was in fact Donald Trump who had the most positive week in the odds market.
As we’ve mentioned previously, Donald Trump was the long-time betting favorite in the 2020 US Election betting market, however, he was displaced at the top of the market by Joe Biden in late May. Last Monday, Donald Trump’s odds to win the 2020 US Election implied he had a 41.7% chance, which was a significant improvement from numbers recorded in July. However, in the space of seven days, Trump’s election chances have increased from 41.7% to 44.4%.
Donald Trump’s current election odds are the shortest they’ve been since the 18th of June.
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Joe Biden’s odds haven’t actually changed over the last week despite the significant shortening of Trump’s odds.
There’s 70 days until the US Election date (2nd November). Donald Trump’s election odds are actually considerably better now compared to 70 day before the 2016 US Election. On the 3rd September in 2016, Donald Trump’s election odds implied he had a 12.5% chance of winning.
2020 US Presidential Election Betting
Donald Trump continues to dominate the betting ahead of the US election, in the last seven days he’s accounted for 59% of all bets placed in the 2020 US Election betting market. Joe Biden has only accounted for 33% of all bets in the same period. A deeper dive into the 2020 US Election betting market shows that in the last week, just over 76% more people have opted to bet on Donald Trump winning the November election.
Interestingly, it’s not only the sheer number of bets which Donald Trump has stranglehold on, the US President also dominated the amount of money wagered on the market. In the last week alone, just under 85% of all money staked on the US Election has been on Trump. In fact, four of the biggest five bets placed on the election in this time period have been placed on Donald Trump winning the election.
Betting on the 2020 US Election
Online sportsbetting is available in various states in the US, however, betting on politics isn’t yet legal, and that’s not likely to change before the 2020 US Election. The data we use is from our UK site, despite the election being in the US, the event will still be one of the biggest betting events round the world.
Our politics betting data has been featured in publications such as; BBC, Forbes, Washington Examiner and many more.
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OddsChecker collects data from the world’s biggest bookmakers and remains a neutral voice in the betting market.