2020 US Presidential Election Odds Update: 55% Of Bets Placed On Donald Trump

2020 US Presidential Election Odds

There's been plenty of social media anger over the last few days following reports on Donald Trump's tax repayments, however, online bettors haven't jumped ship just yet. 

Donald Trump was the long-time favorite in the 2020 US election betting market, before being replaced at the top of the market in late May by Joe Biden. The 2020 US election odds market now has Joe Biden as the betting favorite to win the November election, and his odds imply he's got a 55.6% chance of doing so. 

In February, Donald Trump's US election betting odds inferred he had almost a 60% chance of keeping his position in the White House. However, over the last few months, his odds have dropped considerably, they now imply his chances of winning the 2020 US election now sit at 45.5%. 

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Despite Trump's odds movements painting a negative pattern, it's not all bad news for his loyal followers. Over the last few weeks, the market has started to even out,  as his implied chance of winning the US election was below 40% for a large period of April. 

2020 US Election Betting Patterns 

Even though the bookmakers have been a bit more negative on Donald Trump's chances of winning the 2020 US election, online bettors have continued to wager their money on the current POTUS. In the last 24-hours, Trump has accounted for 55% of all bets on the US election. In the same time period, Joe Biden has accounted for 42%, with a few more ambitious bettors opting to bet on the likes of Kamala Harris and Mike Pence. 

2020 US Presidential Election Odds 

Tonight's election debate could have a dramatic impact on the 2020 US election odds market, make sure you come back to OddsChecker post-debate to find out the betting odds have been impacted. You can follow OddsChecker on Twitter to get all the latest US election updates. 

All odds used in this article are from our UK site. Betting on politics isn't legal in the US just yet, however, online sports betting is legal in various states. Click here to find out if online sports betting is legal in your state.

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