2020 US Presidential Election Odds: Bookmakers Drastically Cut Trump's Odds On Election Day

Sportsbooks have increased Trump's chances of winning overnight
Sam Eaton
Tue, November 3, 3:17 AM EST

2020 US Presidential Election Odds: Bookmakers Drastically Cut Donald Trump's Odds On Election Day

America went to sleep knowing Joe Biden was the sportsbooks favorite to win the 2020 US election, that hasn't changed, but the gap between Donald Trump and Biden has been severely narrowed overnight. 

Yesterday, Joe Biden's 2020 election odds implied he had a 65.2% chance of winning the 2020 election, that percentage has now dropped to 61.9% chance. 

Donald Trump will likely wake up with a spring in his step as more and more people think he could stay for another term. Trump's odds on Monday implied he had just a 34.8% chance of winning the 2020 election. However, his current odds imply he's got 40% chance.

In 2016, the sportsbooks only gave Donald Trump a 20% chance of winning on the day before election day. Read more. 

2020 Presidential Election Odds

 

US Odds

UK Odds

Implied % Chance

Donald Trump

+150

6/4

40%

Joe Biden

-152

8/13

61.9%

Become an OddsChecker member for free today! Get the latest betting insight and picks sent straight to your inbox. Click here to join in seconds. 

2020 US Presidential Election Betting 

In the last four hours, 71% of money wagered on the 2020 US election has been placed on Donald Trump, which is a considerable shift to the trends witnessed previously.

Despite accounting for 63% of the bets placed in October, Donald Trump only accounted for 39% of money actually wagered on the election. In fact, the five biggest bets placed via OddsChecker in October were all on Joe Biden winning. 

  Money Wagered (last 4 hours) Bets Placed (last 4 hours)
Donald Trump 71% 59%
Joe Biden 29% 39%

The 2020 US election has already become the biggest betting event in history, overtaking the 2016 election, one of our partners in the UK has now taken $393 million on the vote. 

OddsChecker's Head Of Marketing, Sam Eaton, said: "The 2020 election is following a very similar betting pattern to the one we witnessed back in 2016. The closer we got to election day, the more money came for Donald Trump." 

"A lot of part-time gamblers will opt to wager on the election today, and naturally given the bigger returns on Trump, they will likely side with the current President". 

"The fact that we have seen a 8.5% swing in under 12 hours is remarkable at this stage of the contest given how much money has already been laid down."

2020 US Election: DraftKings $100k Prize Pool 

There's still time to predict your way to a massive win on the 2020 US election! DraftKings are running a $100k prize pool which is completely free to play!

 1) You need a DraftKings account to enter! Click here to sign-up and also qualify their mega $1,000 sportsbook sign-up bonus (T&C's apply). 

2) Once you've joined DraftKings, you will find the competition in the promos section. 

3) Firstly, you will need to predict who will be the next President of the United States. Will in be Donald Trump or Joe Biden? Don't worry, we've got a bit of advice further down the article. 

4) You will then need choose either Donald Trump or Joe Biden to win the popular vote. 

5) It then starts to get a little trickier...you need to predict the elector college winner 11 states!

Betting on the election isn't leag in the US just yet, however, it's legal to bet on sports online via various bookmakers including FanDuel and BetMGM. Click here to see which states operate in your sate

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