2020 US Presidential Election Betting
The world is reeling this morning following the news that President Donald Trump and First Lady Melania Trump have both tested positive for coronavirus.
Betting markets also reacted to the news – perhaps quicker than most – by preventing any further bets being placed on the market for ‘who will be the next POTUS’.
Trump’s odds prior to the announcement of his illness last night were +138; put simply, an implied chance of 42.1%. Biden’s, by comparison, were up to -140 (58.34%) following the debates.
In the hours following the announcement oddsmakers suspended the market as they awaited further news, but not before Mike Pence’s odds of being the next President plummeted. His chances increased over tenfold as his odds were cut from +30000 (0.33% chance) into as short at +2600 (3.70%) before the books pulled the market.
With the Biden’s currently awaiting the results of a test of their own, the betting market could take on a very different shape as it reopens – hopefully – in the coming hours.
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Betting on the 2020 US Election
Unfortunately, US residents still can't bet on the US election. However, luckily there are various states which allow online betting on sports. All the major bookmakers are offering welcome offers to new players, check out the bonuses you can claim here.
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