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2020 US Presidential Election Odds: $1.3m Bet On Joe Biden Breaks Record

The Betfair Exchange, a British betting website, reported the wager on the eve of the US Election
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Just hours before the 2020 US Presidential Election, the record for the largest bet placed on the market has been broken.

£1,000,000 bet on Joe Biden

An unidentified bettor has placed £1M, or $1.29M, on Joe Biden to be the next President of the United States.

Although there has been some enormous wagers in the build up to November 3rd – some in the region of hundreds of thousands of dollars – none have exceeded the million mark until now.

The majority of larger bets placed on the election have gone in favor of the former vice-president, compared to higher frequency of lower stake bets on Donald Trump.

£275M ($355M) worth of bets have been placed on the market so far at time of writing, and activity is only set to increase as it becomes hours rather than days until voting booths close.

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OddsChecker spokesperson Pete Watt: “We reported earlier in the week that a £650,000 ($893,332) bet had been placed on Joe Biden, but this latest bet has dwarfed anything that’s come before it.”

“To say that the total handle laid down once the markets close will exceed £400M ($516M) would be conservative, and that's just on one betting exchange in the UK."

"Given that some oddsmakers will continue to take bets until the election result is revealed, rather than when voting ends, bettors are going to have extra days - and potentially weeks - to lay their money down.”

2020 Presidential Election Odds

Click HERE to read about the latest betting data for the election. Below are the current odds on the election.

1US OddsUK OddsImplied % Chance
Donald Trump+18815/834.8%
Joe Biden-1888/1565.2%

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.

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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.


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