British oddsmakers have re-opened their betting markets on the US Election after they had been suspended for a number of days following Trump’s positive coronavirus test
2020 US Presidential Election - Latest Odds
Biden odds just before the suspension implied he had a 58.34% chance of winning the election – compared to 42.10% for Trump – and has further strengthened his position in the market since oddsmakers started taking bets again yesterday.
The Democratic nominee has now been shortened to -200, which is an implied probability of 63.60% of Biden being the next US President.
In turn, Trump has drifted out to +163 in the last 24 hours. The current POTUS has slowly see his odds lengthen in the last month, and they’ve jumped significantly further following his release from Walter Reed hospital
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With odds of +100 as recently as August, the betting market is going against the 74-year-old at a terrible time, with less than a month to go until November’s election.
The betting markets are beginning to heavily favour Biden, but still have it tighter than the recent polls, which give off the impression it is even more likely Biden will be the 46th POTUS.
Oddschecker spokesperson Pete Watt: “The race has had what seemed like plenty of nadirs and zeniths for both men, only for the markets to then restabilise. However, time is running out for Trump to turn around the increasing probability that he won’t serve a second term.
“With that said, both the polls and betting market were spectacularly wrong in 2016, so it would be foolish to think is far from a done deal that Biden to be the next tenant of the White House.
Betting on the 2020 US Election - Are online betting markets and exchanges reliable and a good source to use?
Online sports betting is legal in various states in the United States, however, unfortunately, you can’t legally bet on politics in the US. 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. OddsChecker is regularly used by global publications, including BBC News, Fox News, Washington Examiner plus many more.
Even though US residents can't bet on the US election, there are various events they can bet on including the Super Bowl, NBA Finals and MLB. All the major bookmakers are offering welcome offers to new players too, check out the bonuses you can claim here.