2020 US Presidential Election Odds: Flurry Of Big Bets For Joe Biden To Defeat Donald Trump

Donald Trump continues to be the popular bet but there's been a surge in massive wagers placed on Joe Biden this week.
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Donald Trump continues to be the most wagered candidate in the 2020 Presidential election betting market, the 74-year-old has accounted for 2.3 times more bets than Joe Biden this week. With this sort of support, the sportsbooks would normally cut the odds of Donald Trump winning the 2020 election. However, this hasn't been the case, largely due to big bettors placing sizeable volumes of money on a Joe Biden victory. 

All five of the biggest bets on the 2020 US election through OddsChecker in October have been placed on Joe Biden being victorious. Despite Biden only accounting for 31% of the bets placed in October, he holds just under 60% of wagers on the market. Earlier in the week, we reported that Donald Trump accounts for 58% of the total money wagered on the Presidential election, however, this number is slowly decreasing with the recent surge in money being staked on a Democrat victory. 

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2020 Presidential Election Betting Update 

1% Of Money Wagered in October% Of Number Of Wagers in October
Donald Trump39%62%
Joe Biden60%31%

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

There's been no massive move in the 2020 election odds market this week. Joe Biden's chances of winning the election have slightly worsened since Monday. On Monday, Joe Biden's odds implied he had a 69.2% chance of winning, this percentage has dropped to 65.2%. At the start of the year, Joe Biden's election odds implied he has just a 13% chance of winning in November. 

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

The majority of sportsbooks on our UK site have cut the odds of Donald Trump winning the 2020 US election this week, however, the best price on the market hasn't budged. Donald Trump's election odds imply he's got a 34.8% chance of winning. In February, Trump's odds implied he had a 61.9% chance of winning. 

2020 US Presidential Election Odds

1US OddsUK OddsImplied % Chance
Donald Trump+18815/834.8%
Joe Biden-18813/2565.2%

Donald Trump's Election Odds Compared To 2016 

On this day in 2016 (Oct 29th), the sportsbooks had Donald Trump at +300 to win the 2016 US election, which implied he only had a 25% chance of defeating Hillary Clinton. Clinton was the -303 betting favorite, those odds implied she had a 75.2% chance of winning. 

Similarly to 2020, Donald Trump was the popular betting option, in October 2016, Trump accounted for 55% of all bets placed on the election. However, the split of money wagered on the result of the election was a lot more even, with Trump accounting for 48% of money wagered, and Clinton 52%. 

There's more detail on the betting splits at the bottom of the article. 

Where Are Big Bettors Putting Their Money?

Here are a few eye-opening bets on the 2020 election from around the world: 

  • A UK bettor placed a $650k bet on Joe Biden winning the election which, they are set to win just over $1 million.
  • Another UK resident has wagered $202k on Joe Biden winning the election.
  • One Australian bettor wagered $140k on Donald Trump winning the election. If Trump wins, this bettor will be set to collect over $231k.
  • The 2020 US election became the biggest ever betting event this week. Read more here. 

Where To Bet On The 2020 US Election

Unfortunately, US residents can't actually place wagers on the 2020 Presidential election. Despite this bad news, it's not all doom and gloom. Various states have now legalized online betting, which means you can bet on all your favorite events, including the Super Bowl. Bookmakers such as DraftKings and FanDuel operate in these states, and they all offer new customers handsome rewards for joining. Check them out here. 

Even though you can't wager money on the election, predicting the outcome of the 2020 Presidential election will score you a big win with both FanDuel's and DraftKings free-to-play games.

DraftKings are running a $100,000 prize pool for the election, and it's completely free-to-play. - Click here to find out more - Click here to enter your predictions for free 

FanDuel are also running a free-to-play competition for the 2020 US Election. Entrants can win a share of $50k. - Click here to find out more - Click here to enter your predictions for free 

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

14Hillary ClintonDonald Trump (2016)Joe BidenDonald Trump (2020)
Jan 2016Jan 202014%23%8%55%
Feb 2016Feb 202026%12%4%47%
Mar 2016Mar 20208%14%24%47%
Apr 2016Apr 20207%15%25%60%
May 2016May 20207%47%29%58%
June 2016June 202015%60%37%54%
July 2016July 202025%49%29%57%
Aug 2016Aug 202022%39%34%59%
Sept 2016Sept 202031%35%41%52%
Oct 2016Oct 202037%55%31%62%

2016 v 2020 Election Odds Compared

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

14Hillary ClintonDonald Trump (2016)Joe BidenDonald Trump (2020)
Jan 2016Jan 202058% (8/11)11% (8/1)13% (13/2)52% (10/11)
Feb 2016Feb 202052% (10/11)23% (10/3)14% (6/1)57% (3/4)
Mar 2016Mar 202062% (8/13)29% (5/2)13% (13/2)60% (2/3)
Apr 2016Apr 202068% (8/17)17% (5/1)42% (11/8)50% (1/1)
May 2016May 202074% (4/11)22% (7/2)44% (13/10)50% (1/1)
June 2016June 202065% (8/15)33% (2/1)48% (11/10)48% (11/10)
July 2016July 202074% (4/11)25% (3/1)60% (4/6)36% (7/4)
Aug 2016Aug 202065% (8/15)35% (15/8)62% (5/8)36% (7/4)
Sept 2016Sept 202074% (4/11)25% (3/1)50% (1/1)50% (1/1)
Oct 2016Oct 202070% (4/9)27% (11/4)58% (5/7)42% (11/8)
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