2020 US Presidential Election Odds Update: 81% Of Wagers On Donald Trump Despite Odds Growing On Election Day

Donald Trump's odds have been pushed out by sportsbooks following a strong start to Election Day
Sam Eaton
Tue, November 3, 4:47 PM EST

2020 US Presidential Election Odds Update: Donald Trump's Odds Lengthen On Election Day

Donald Trump's odds came crashing down on the morning of election day, and his chances reached a high of 46.5% in the early hours. However, as the day has gone on his odds have slowly drifted out, and are now bigger than they were yesterday. 

Yesterday, we reported that Donald Trump's odds implied he had a 35% chance of winning the election, which far exceeded the 20% chance he was given by sportsbooks the day before election day in 2016. Currently, Donald Trump's election odds imply he's got a 33.3% chance of winning the vote. 

2020 US Presidential Election Odds

 

US Odds

UK Odds

Implied % Chance

Donald Trump

+200

2/1

33.3%

Joe Biden

-225

4/9

69.2%

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

Joe Biden's chances of winning the 2020 election appeared to take a significant dent this morning with his odds reaching a high of -149 in the early hours. At this point, his odds implied that he only had a 59.9% chance of winning the election, which was some drop from the 65.2% recorded yesterday. 

2020 US Presidential Election Betting 

OddsChecker's Head Of Marketing, Sam Eaton "Despite the bookmakers lengthening Donald Trump's odds of winning the 2020 election, online bettors have stuck with him on election day. In the last four hours, a massive 81% of the money wagered on the election has been placed on a Donald Trump victory"

"The 2020 election has already surpassed the 2016 election as the biggest betting event in history, and it continues to grow. One of our partners has now taken over $432 million on the vote."

"The market could significantly change over the next few hours as we find out more about how the states have voted."

"in 2016, Donald Trump had only accounted for 55% of total wagers in the first 16-hours of election day, and even more remarkably just 36% of the money wagered on the outcome. At 4pm (ET) on the 8th of November 2016, Donald Trump's odds implied he had a 20% chance of winning the election.Hillary Clinton's odds implied an 83.3% chance of victory at this time. Based on that alone, if you are a Trump supporter there's no great need for concern with his odds slightly lengthening today". 

2020 US Presidential Election Betting Update: Betting Over The Last Four Hours

  % Of Money Wagered % Of Wagers Placed
Donald Trump 81% 60%
Joe Biden 19% 39%

2020 US Presidential Election Betting: Florida A Key State 

We reported earlier on election day that Donald Trump's chances of winning Florida had been significantly improved by the bookmakers and this trend has continued throughout the day. 

The Republicans odds of winning Florida now imply they've got a 60% chance of doing so. Just over 61% of all bets on who will win Florida have been on the Republicans in the last four hours. 

 

US Odds

UK Odds

Implied % Chance

Republicans

-150

4/6

60%

Deomocratic

+125

5/4

44.4%

2020 US Presidential Election Betting: Pennsylvania A Key State 

The Democratic odds of winning in Pennslyvania have grown slowly throughout election day, and their odds now imply they have a 64.5% chance of winning the state. Online betting in the state has been pretty even though, the Democrats have accounted for 54% of all bets placed on the outcome. 

 

US Odds

UK Odds

Implied % Chance

Democratic

-155

11/20

64.5%

Republicans

+186

93/50

35%

 

2020 US Election: Betting On The Election

Betting on the 2020 election hasn't been legalized in the US just yet. However, betting on sports via companies like DraftKings and FanDuel has in certain states! Click here to find the best betting offers from the biggest sportsbooks operating in your state.

OddsChecker's Data 

Our data is taken from the biggest global betting sites. The 2020 US election is a truly global betting event, and we use odds and betting data from the biggest sportsbooks in the UK and around the world. If you would like more data or updated data for your publication, then please reach out via Twitter

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