2020 US Presidential Election Odds: Donald Trump Holds 58% Of All Money Wagered On Election

Polls tell us that Donald Trump won't win the 2020 Presidential Election but bettors are telling us something different
Sam Eaton
Wed, October 28, 5:29 PM

2020 US Presidential Election Odds: Majority Of Money Wagered On Donald Trump To Defeat Joe Biden

We reported that Donald Trump had accounted for twice as many bets on the US Election odds market last weekend. This truly mind-boggling statistic showcases the sheer number of people who think Donald Trump will upset the odds and defeat Joe Biden next week. However, it doesn’t take into consideration who the sharps are backing to win the election, and just how confident these bettors are in Trump.

2020 US Presidential Election Odds: Donald Trump v Joe Biden Odds Update

Despite a number of online bookmakers cutting Donald Trump’s odds to win the 2020 US election this week, Joe Biden remained the firm favorite to win. The sportsbooks currently have Joe Biden as the -200 (1/2) betting favorite, which implies he’s got a 66.7% chance of winning the election. The implied percentage has dropped from 69.2% on Monday. The current odds available for Donald Trump winning the 2020 Presidential election imply he’s got a 34.8% chance of doing so.

2020 US Presidential Election Odds

 

US Odds

UK Odds

Implied % Chance

Donald Trump

+188

15/8

34.8%

Joe Biden

-200

1/2

66.7%

2020 US Presidential Election Betting

Just over 62% of all bets placed on the 2020 election in October have been on Donald Trump securing another term. However, despite the mass betting public being confident Trump will be victorious, the five biggest bets placed on the election this month via our UK betting site have all been on Joe Biden. Which led us into investigating where the actual money had been wagered on the 2020 election, instead of the sheer number of bets placed.

Even though Donald Trump has had to contend with several candidates at the top of the odds market over the last few years, he’s still dominated betting market ever since sportsbooks started to take wagers on the 2020 election. Various candidates have challenged his position as betting favourite, including Joe Biden, Bernie Sanders, Michael Bloomberg and Pete Buttigieg during this period.

Despite the constant competition, Donald Trump accounts for 58% of all money wagered on the 2020 US Election via our UK betting site. Joe Biden’s the second most wagered in the market, accounting for 35% of money placed.

Unless something truly extraordinary happens, 4% of the money wagered on the 2020 US election has already lost.

Interestingly, Michelle Obama was the third most wagered candidate in the betting market, accounting for just over 1% of total money placed on the election.

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OddsChecker works with all the biggest bookmakers in the world, and collects data from every single partner. This data is used as an independent and neutral source by many big publishers such as BBC, Forbes and Fox News.

 

Money Wagered on US Election

Number of Bets Placed on US Election

Donald Trump

58%

53%

Joe Biden

35%

23%

Michelle Obama

1.4%

0.8%

Bernie Sanders

1.3%

5%

Michael Bloomberg

0.9%

1.3%

Andrew Yang

0.8%

2%

2020 US Presidential Election Betting in October

As mentioned previously, Donald Trump leads the way in terms of bets placed on the 2020 US election, however, in October, Trump’s second to Joe Biden in terms of the actual money wagered on the election.

For clarification, the number of bets placed takes into consideration every bet on the 2020 US election, but doesn’t factor in the stake of each bet. However, money wagered takes in consideration the actual amount of money placed on each candidate.

In October, Joe Biden has accounted for 61% of all the money wagered on the 2020 US election, which includes the six biggest wagers this month.

 

Money Wagered in October

Number of Bets Placed in October

Donald Trump

39%

62%

Joe Biden

61%

32%

2020 US Presidential Election Betting: A Global Event

One of our UK partners has now taken over $256 million of bets on the 2020 US election. The previous biggest betting event for this partner was the 2016 US election, where there was a total of $259 million gambled on the outcome.

Therefore in the next few days the 2020 US election will become the biggest betting event in history.

Just a couple of days ago, this same partner took their biggest bet on the 2020 US election, with one UK bettor placing $650k on Joe Biden defeating Donald Trump. This bet would return just over $1 million.

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

Joe Biden became the betting favorite to win the 2020 US election back in May, and his position at the top of the market has strengthened ever since. Joe Biden’s odds only in early January implied he only had a 5.9% chance of winning in November. However, his odds now imply he’s got a 66.7% chance of beating Donald Trump.

A couple of lucky OddsChecker users placed bets on Joe Biden winning the election back in January at odds of +5000 (50/1).

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

Donald Trump’s odds in late May implied he had a 62.5% chance of winning the 2020 election, however, sportsbooks have continued to downplay his chances. Trump’s odds now only imply he’s got a 34.8% chance of winning the election.

2020 Presidential Election: Play FanDuel's free Bet The Ballot game

We have some fantastic news, our good friends FanDuel have launched 'Bet The Ballot' a free to play game, with $50,000 in total payouts, based around the upcoming election.

Despite online gambling now being legal in various states, online sportsbooks aren't taking bets on the 2020 Presidential election, so these free to play games are the closest way to legally win money on the election.

It's so simple to play.

1) Sign up to FanDuel

2) Recieve 1,000 tokens to use on Bet The Ballot

3) Wager at least 1 token on each of 17 of the questions

4) Watch the results roll in on Election Day and potentially win your share of the $50,000 prize pool

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 BetMGMClick here to see the best online casinos.

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

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