UPDATE: Paddy Power suspended betting on the US Election once we were aware of the news that President Trump had tested positive for Covid-19.
As the dust settles from the first chaotic presidential debate, odds of Joe Biden winning the 2020 election shortened overnight.
His odds fell slightly giving him a 62% chance of becoming President this year – while Donald Trump’s moved out from 6/5.
Trump is now odds on not to be re-elected and therefore longer to lose the popular vote but still be re-elected. It’s big odds that the state map is exactly the same as it was at the election in 2016.
However, despite Biden’s chances of winning falling overall, there has been a higher number of bets placed on Trump being re-elected since the debate finished.
77% of our wagers taken since the start of the debate up to Wednesday morning were placed on Trump, compared to 23% on Biden.
It was hardly the kind of debate that made you glad you’d stayed up ‘til the early hours of the morning, but the fact that Biden seemed to get the first one out of the way without any major hiccups has seen his odds for the win shorten.
However, interestingly enough, despite the fact we cut the odds on him, many bettors overnight were still putting their hard-earned on Trump to win again.
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