2020 Presidential Election Odds: 75% Of Money Wagered On Donald Trump

Joe Biden might be the oddsmakers favorite but online bettors can't get enough of Trump
Sam Eaton
Sun, October 18, 9:55 PM EDT

2020 US Presidential Election Odds 

According to the betting odds, Donald Trump's chances of winning the 2020 US election greatly improved over the last week. Online bettors rushed to back Donald Trump following allegations over Joe Biden's links in Ukraine earlier in the week, and Trump's momentum has continued to build ever since. 

Every single sportsbook on our UK website cut the odds of Donald Trump winning the 2020 US election over the weekend. The President's odds of winning the election were +188 (15/8) on Wednesday, which implied he had a 34.8% chance of being victorious. However, the best odds on Donald Trump winning the election are currently +150 (6/4), which implies his chances have grown to 40%. 

Joe Biden's still the bookmakers favorite to win the 2020 election, however, his odds have slipped from -200 (1/2) on Wednesday to -160 (5/98). Which implies Biden's chances of winning the 2020 election have dropped from 66.7% to 61.5% in the last four days. 

2020 Presidential Election Odds 

  US Odds UK Odds Implied Chance Of Winning
Joe Biden  -160 5/8 61.5%
Donald Trump +150 6/4 40%

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2020 Presidential Election Betting 

Even though Donald Trump's odds have rapidly improved over the last week or so, the bookmakers still think Joe Biden is the likely election winner. However, this isn't the case among online bettors.

Betting on the 2020 US election isn't legal in the US yet, and this won't change before November. However, the election will still be one of the biggest global betting events, and we collect data from all the major UK sportsbooks to give readers a complete overview of the market. One of our partners has already seen $182 million wagered on the 2020 election. 

In the last seven days, a massive 75% of all money wagered on the election has been placed on Donald Trump. Just 24% has been wagered on Joe Biden in the same time period, and a few smaller bets on Kamala Harris, Mike Pence and even Kayne West make up the final 1%. 

The 2020 election is following a very similar trend to the 2016 election which saw Donald Trump upset the odds when defeating Hillary Clinton. Both online sportsbooks and polls had Hillary Clinton as the overwhelming favorite heading into the 2016 election, however, 61% of all bets on the election were placed on Donald Trump. 

On the 12th October 2016, Donald Trump's 2016 election odds implied he only had a 19.1% chance of defeating Hillary Clinton. Therefore, according to sportsbooks, Trump is in a much better situation this time round. 

We've witnessed this pattern occur on a number of big political events. Remember when the UK left the European Union? Nobody thought this would happen, and the bookmakers had Remain as a huge favorite, however, online bettors disagreed. Just over 73% of all wagers were placed on the UK leaving the European Union. 

2020 Election Betting 

  Money Wagered Previous 7 Days Total Money Wagered
Joe Biden 24% 26%
Donald Trump 75% 64%

2020 US Election Odds: Presidential Debate Odds

The next presidential election debate is set to take place on Thursday in Nashville, Tennesee. Both Joe Biden and Donald Trump plan on attending the debate in-person, and Kristen Welker will have the tough task of moderating. 

It's expected to be another raucous debate due to Donald Trump's recent coronavirus scare. Online bookmakers have opened up Joe Biden as the -286 favorite to win the debate, which implies he has a 74.1% chance of doing so. Donald Trump's odds (+195) imply he's only got a 33.9% chance of winning the debate. 

Presidential Debate Odds

  US Odds UK Odds Implied Chance Of Winning
Joe Biden -286 7/20 74.1%
Donald Trump +195 39/20 33.9%

2020 US Election Odds: DraftKings Politics Prize Pool

Even though betting on the 2020 US election isn't legal in the US, DraftKings are offering a free-to-play politics game ahead of the November election. Predict your way to a share of $100k! Click here to find out more.

Despite US residents not being able to bet on the 2020 election, there are various states where online betting is legal, and you can wager money on all your favorite sports. All the biggest sportsbooks are offering new members crazy welcome bonuses in these states, find out what you can claim here. 

 All our data is formed from our UK website who work with the biggest UK sportsbooks.  

OddsChecker's data is used by some of the biggest publications in the world, including BC News, Fox News, Washington Examiner plus many more.

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