2020 US Presidential Election Odds: Donald Trump's Chances Drop To 36.4% Following China Allegations

It's been a bad day for Donald Trump in the US election betting markets
Sam Eaton
Wed, October 21, 9:11 PM EDT

2020 US Presidential Election Odds

New York Times dealt another crushing blow to Donald Trump today after they released claims that the current POTUS still holds a bank account China. The report will likely play a crucial role in the upcoming election and most certainly be at the forefront of a heated debate tomorrow night.

The report comes a few weeks after the New York Times released another article claiming Donald Trump had not paid income tax in 10 of the last 15 years. It must be noted that both of these reports are just claims against Trump, however, they have both had serious implications on the US election odds market. 

Donald Trump's odds dipped to +120 (6/5) following New York Times report on his taxes last month, which at the time implied he had a 45.5% chance of winning the 2020 election. His odds since then have remained pretty constant in the market, and he could have been backed at +150 (6/4) yesterday, which implied Donald Trump had a 40% chance of winning the US election. 

However, the current Presidents odds have taken a significant dip following today's allegations. 

Donald Trump's Odds Of Winning The 2020 US Election 

In the last twenty-four hours, every single bookmaker on our UK betting site has lengthened the odds of Donald Trump winning the 2020 election. His odds have moved from +150 (6/4) to +175 (7/4), which implies Trump now only has a 36.4% chance of winning the election. 

As expected, Joe Biden's odds of winning the 2020 US election have moved in the opposite way, yesterday, Joe Biden's odds sat at -170 (10/17), which implied he had a 63% chance of winning the November election. However, Biden's odds have been cut to -188 (8/15), which means his chances of winning the election have grown to 65.2%. 

2020 US Presidential Election Vegas Odds

  US Odds UK Odds Implied % Chance
Donald Trump +175 7/4 36.4%
Joe Biden -188 8/15 65.2%

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2020 US Presidential Election Betting 

Even though the bookmakers think Donald Trump's chances of winning the 2020 election have decreased, online sports bettors firmly disagree. A whopping 75% of all bets placed on the US election today have been on Donald Trump winning, with just 24% being wagered on Joe Biden. The extra 1% is made up of few speculative bets on Mike Pence and Kamala Harris. 

2020 US Election Betting 

  % Of Wagers Today % Of Wagers In October
Donald Trump 75% 59%
Joe Biden 24% 32%

The 2020 US election is a truly global betting event, one of our UK partners has now taken over $204 million worth of bets on next month's election. 

US sportsbooks still can't accept bets on political outcomes, however, you can now play your favorite casino games online! Check out all the best online casinos here. 

Final Presidential Election Debate Odds

We reported yesterday that Joe Biden was the overwhelming favorite to win the final debate in Nashville on Thursday night. Joe Biden's odds implied he had 86% chance of winning the final debate, however, those odds have now lengthened a little, and now only imply he has an 81.8% chance of winning in Tennessee.

Final Election Debate Odds

  US Odds UK Odds Implied % Chance
Donald Trump +300 3/1 25%
Joe Biden -450 2/9 81.8%

Interestingly, one UK bookmaker has set odds of -150 for either Donald Trump or Joe Biden to say the words "China Virus". Check out all the debate prop markets here

DraftKings Free To Play Presidental Election Debate $50k Prize Pool

Even though Americans can't bet on the 2020 US election or even the election debates, you can still score a big win with DraftKings free to play election debate prize pool. Entrants have to correctly pick eight outcomes tomorrow night to be in with a chance of winning a share of $50k. Find out more here. 

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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