2020 US Presidential Election Odds: Joe Biden Reinstalled As Betting Favorite To Win The Election
2020 US PRESIDENTIAL ELECTION ODDS: JOE BIDEN IS THE BETTING FAVORITE ONCE MORE
Betting markets have once again swung in the Democrats favor with Joe Biden reinstalled as the favorite to win the 2020 US Presidential Election, following positive reports from Wisconsin amongst others.
Biden began election day as the betting favorite – a position that he had help since the end of May this year – but following a disappointing performance in a number of key early states, bookmakers cut Donald Trump’s odds significantly to make him favorite. One bookmaker even gave the President an implied chance of 75% that he would win the election.
However, with the Democrats looking impressive in other key states such as Wiconsin, Georgia and Arizona, the odds on the Betfair Exchange have changed their mind once again and Joe Biden’s odds have now been cut to -300. This implied a 75.01% chance that he wins the election.
Donald Trump’s odds have drifted out to +300 as a result, which suggests just a 25% that he manages to win from this position - the lowest his odds have been since OddsChecker began tracking the market in January 2019.
2020 US ELECTION ODDS
| 1 | US ODDS | DECIMAL ODDS | IMPLIED CHANCE |
|---|---|---|---|
| Donald Trump | +300 | 4 | 25% |
| Joe Biden | -300 | 1.3 | 75% |
TRUMP'S HOURLY ODDS THROUGHOUT ELECTION DAY
10am ET +162 (38%)1am +187 (35%)2pm +188 (35%)1pm +215 (32%)2pm +200 (33%)3pm +210 (32%)4pm +200 (33%)5pm +200 (33%)6pm +200 (33%)7pm +200 (33%)8pm +140 (42%)9pm -126 (44%)10pm -127 (56%)11pm -223 (69%)
2020 US ELECTION BETTING UPDATE
We have now seen well over $460M staked across our bookmaker partners, making this event the most bet-on event in history, not just politics.
In the past hour, Trump has continued to remain the most popular bet, with 59% of wagers during that time going in favor of the President. Joe Biden, despite seeing his odds surpass Trump’s, has accounted for just 37% of bets in the same timeframe.
OddsChecker PR manager Pete Watt: “Whether Donald Trump wins or loses from here, the competitiveness of the race deep into election night is a vindication of sorts for the betting markets, who for months have suggested that the election was closer than the majority of polls and forecasting models.”
“We’ve seen the two men trade betting favoritism this evening and with the result of this election still too close to call, it would be no surprise to see Trump re-take the lead with oddsmakers again before this is all over.”
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