2020 US Presidential Election Odds: Bettors Rush To Back Joe Biden Following Donald Trump Admission
2020 US Election Odds
Despite Donald Trump no longer being the bookmakers favorite for the 2020 US Election, he's always dominated in terms of money wagered in the betting market. The trend of not being favorite but being the popular bet is a positive one to follow in political betting, as a similar thing happened to Donald Trump in 2016 and the Brexit vote.
However, there's been a dramatic turn in support in the last couple of hours following the news breaking around Donald Trump downplaying the danger of coronavirus.
Since the media started circulating the admission, 49% of bets placed in the 2020 US Election odds market have been placed on Joe Biden winning. Biden is still the bookmakers favorite, and is currently priced at -188 (17/20), which implies he's got a 54.1% chance of winning the November election.
In the same time period, Donald Trump has only accounted for 40% of all wagers in the 2020 US Election odds market. This may seem a lot, but over the last few months, Trump has accounted for roughly 58% of all bets in the market. For example, before today the current President had accounted for 55% of all wagers in September.
Donald Trump's US Election odds haven't taken a massive hit following the breaking news just yet, just two of the fourteen bookmakers showcased on our UK site have pushed his odds out. He's still priced at +110 (11/1) to win the US Election which implies he's got a 47.6% chance of doing so.
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As mentioned, Donald Trump has been the most popular bet in the market for the majority of the year, with there being only a handful of days where someone has accounted for more wagers than him.
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US Presidential Election Debate Winner
Today's news is likely to be a hot topic during the first election debate later this month, and despite the early belief that Donald Trump would have the upper hand in debates, the bookmakers still hold Joe Biden as the betting favorite for the opener in Cleveland. The current odds imply Biden has a 63.6% of winning the first debate, which will be moderated by Chris Wallace.
Online sports betting is legal in various states in the United States, however, unfortunately, you can’t legally bet politics. Our data is based on UK betting trends. Even though it’s the US election, it will be one of the biggest betting events not only in the UK but globally.
Even though you can’t legally bet on politics, US residents can still play Draftkings $100,000 fantasy game, and try and predict the outcomes of various events to win the top prize.