2020 US Presidential Election Odds: Twice As Many Bets On Donald Trump Than Joe Biden

Joe Biden's dominance in the betting isn't deterring online bettors betting on Donald Trump
Sam Eaton
Sun, October 25, 9:12 PM EDT

2020 US Presidential Election Odds: Donald Trump Continues To Dominate Joe Biden In The Betting

Given the latest online polls, it will come as no surprise that Joe Biden is the overwhelming favorite to win the 2020 election. However, online bettors have been happy to take on the oddsmakers, and are extremely confident of an upset next week.

Even if the sportsbooks got it drastically wrong next week, the result of 2020 Presidential election wouldn’t be as shocking as it was four years ago. At this point in 2016, Donald Trump’s odds sat around the +500 (5/1) mark, which implied he only had a 16.7% chance of winning the election.

2020 US Election: Joe Biden’s Odds Of Winning The Election

Joe Biden has been the betting favorite to win the 2020 Presidential election since May, and his current odds imply he's got a massive 69.2% chance of coming out on top next week. At the start of 2020, Joe Biden's election odds implied he only had a 13% chance of becoming the next POTUS.

Keep up to date with all the latest 2020 Election betting news! Sign-up to our FREE mailer.

2020 US Election: Donald Trump’s Odds Of Winning The Election

Donald Trump sat at the top of the betting market for the whole of 2019. Even in February 2020, Donald Trump's odds implied he had a 61.9% chance of winning the 2020 election. However, there have been plenty of high-profile events which have prompted online sportsbooks to lower Trump’s chances of winning. Donald Trump's 2020 election odds now sit at +188, which implies he has just a 34.8% chance of securing another term.

2020 US Presidential Election Odds

 

US Odds

UK Odds

Implied % Chance

Donald Trump

+188

15/8

34.8%

Joe Biden

-225

4/9

69.2%

2020 US Election: Donald Trump Dominates The Betting

Joe Biden might be the sportsbooks choice to win the 2020 election, but he's certainly not been the popular pick with bettors. Over the weekend, twice as wagers were placed on Donald Trump winning the election compared to Joe Biden.

Just under 65% of all wagers placed on the 2020 US election this weekend were on Donald Trump, compared to the 31.7% placed on Joe Biden. Despite US residents being able to wager on sports, they still aren’t able to place bets on political markets. However, the US election is a truly global event, which is highlighted by one of our UK partners who has already taking $231 million on the outcome.

 

% Of Wagers 25-26th October

% Of Wagers October

Total % Of Wagers

Donald Trump

64.6%

61%

53.4%

Joe Biden

31.7%

32.2%

23.9%

2020 US Election Compared To 2016 US Election

Donald Trump has been the popular bet since the market opened, with the majority of bettors believing the 2020 election will follow the same pattern as 2016's shock result. Like Joe Biden, Hillary Clinton was the bookmakers favorite heading into the 2016 election. Even though the odds were stacked against him, 61% of wagers on the 2016 election were placed on Donald Trump.

As mentioned, Donald Trump’s 2016 election odds only implied he had a 16.7% chance of winning in late October. However, in October 2016 47.6% of wagers were placed on Trump.

Percentage Of Wagers On Each Candidate for the 2016 & 2020 Elections

 

Hillary Clinton

Donald Trump (2016)

 

Joe Biden

Donald Trump (2020)

Jan 2016

14%

23%

Jan 2020

8%

55%

Feb 2016

26%

12%

Feb 2020

4%

47%

Mar 2016

8%

14%

Mar 2020

24%

47%

Apr 2016

7%

15%

Apr 2020

25%

60%

May 2016

7%

47%

May 2020

29%

58%

June 2016

15%

60%

June 2020

37%

54%

July 2016

25%

49%

July 2020

29%

57%

Aug 2016

22%

39%

Aug 2020

34%

59%

Sept 2016

31%

35%

Sept 2020

41%

52%

Oct 2016 (until 10/26)

32%

48%

Oct 2020

32%

61%

2016 v 2020 Election Odds Compared

Implied chance of winning (UK odds) on the 1st of each month

 

Hillary Clinton

Donald Trump (2016)

 

Joe Biden

Donald Trump (2020)

Jan 2016

58% (8/11)

11% (8/1)

Jan 2020

13% (13/2)

52% (10/11)

Feb 2016

52% (10/11)

23% (10/3)

Feb 2020

14% (6/1)

57% (3/4)

Mar 2016

62% (8/13)

29% (5/2)

Mar 2020

13% (13/2)

60% (2/3)

Apr 2016

68% (8/17)

17% (5/1)

Apr 2020

42% (11/8)

50% (1/1)

May 2016

74% (4/11)

22% (7/2)

May 2020

44% (13/10)

50% (1/1)

June 2016

65% (8/15)

33% (2/1)

June 2020

48% (11/10)

48% (11/10)

July 2016

74% (4/11)

25% (3/1)

July 2020

60% (4/6)

36% (7/4)

Aug 2016

65% (8/15)

35% (15/8)

Aug 2020

62% (5/8)

36% (7/4)

Sept 2016

74% (4/11)

25% (3/1)

Sept 2020

50% (1/1)

50% (1/1)

Oct 2016

70% (4/9)

27% (11/4)

Oct 2020

58% (5/7)

42% (11/8)

2020 US Presidential Election: DraftKings Politics Prize Pool

Even though US residents can’t bet on the 2020 election, you can still score a decent win on the outcome. DraftKings are running a free to play $100k prize pool for the election. Users have to correctly predict the outcome of certain political events to be in with a chance of winning a share of $100k!

It’s completely free to enter! Click here to find out more and create your free DraftKings account.

FanDuel are also running various political prize pools ahead of the November election. Click here to check out their free to play games and create your free FanDuel sportsbook account.

Even though you can’t bet on political, there are various sportsbooks taking wagers on all your favorite sports. Click here to check out the various bonuses and offers available for the biggest US sportsbooks.

It’s not just sportsbooks which are now online, you can play all our favorite casino games online with companies like BetMGM. Click here to see the best online casinos.

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

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