2020 Election Odds: Trump's Chances Of Re-election Rise To 50%
Donald Trump’s odds of re-election have today shortened to +100 – or 1/1 – indicating that the President’s chances of winning November’s election are now sat at 50%. This is the first time he has been at the 50% mark since 28th May.
Some oddsmakers’ have even cut Trump’s odds to -110, demonstrative of a 52.38% likelihood of securing a second term.
This latest move is the continuation of a trend that has been steady since the end of July, with Trump’s improvement inevitably coinciding with a slump for Democratic rival Joe Biden.
On August 1st, the gap in implied probability between the two men was 26.1% - today, it is just 2.40%.
Trump formally accepted the Republican nomination last night at the RNC, and it may now just be days before he is once again the favorite to win the 2020 Presidential Election.
Oddschecker spokesperson Pete Watt: “This election has ebbed and flowed in favor of Trump, with plenty of observers beginning to write him off in the past few weeks”
“However, with election day now very much of the horizon, the Trump campaign will be delighted at the timely comeback that is being reflected in the betting markets”
“With the number of wagers on the market only set to increase as we creep closer and closer to polling day, expect plenty more twists and turns in what could be the tightest result in years.”
OddsChecker collects data from the world’s biggest bookmakers and remains a neutral voice in the betting market.