Betting market odds flip to favour Trump over Biden in US election

2020/11 04 04:11

Betting market odds on the US presidential election have flipped to favour Republican President Donald Trump over Democratic candidate Joe Biden, based on knowledge from two aggregators.

Bettors on British betting trade Betfair are giving Trump a 60 per cent likelihood of successful a second time period within the White Home, up from 39 per cent when polls opened on Tuesday morning.

Biden’s odds of a win amongst bettors on the Betfair Trade have fallen to 40 per cent from 61 per cent earlier.

“Trump has overtaken Biden considerably and is now in pole place, suggesting it may very well be a really nervous evening forward for Biden,” Betfair spokesperson Sam Rosbottom mentioned.

UK-based Smarkets Trade is giving Trump 65 per cent win-odds, up from 39 per cent when polls opened. Biden’s win-odds have fallen to 35 per cent from 61 per cent earlier.

“This has primarily been pushed by Trump seemingly holding the important thing swing state of Florida on account of a really sturdy displaying for him within the Miami-Dade county with a big Cuban inhabitants,” mentioned Patrick Flynn, political analyst at Smarkets.

Flynn mentioned that Florida wasn’t a “should win” state for Biden because it was for Trump.

“Biden may but put these essential Midwestern states of Pennsylvania, Michigan and Wisconsin in his column, and he would win the election.”

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