Election Betting Odds Shift in Favor of President Trump
Election betting odds are shifting in favor of President Donald Trump as Democratic presidential candidate Joe Biden is underperforming in several key battleground states that political polling projected him to win.
As of 11:30 p.m. ET, European sportsbook Betfair gave Trump -156 odds to win the U.S. presidential election, a 60.6% chance. Biden is at +152 odds, a 39.4% chance to win.
“It appears the betting market may have overreacted to what appears will be a convincing Trump victory in the state of Florida. Betting odds are starting to shift back to former Vice President Joe Biden, though he far from the favorite he was earlier on Election Day,” Action Network reported late Tuesday.
The odds for Trump have improved significantly since Monday evening, when Biden was given a two-thirds chance to beat Trump at 11:30 p.m. that day.
As of publishing time, Trump is projected to win the key battleground states of Florida and Ohio and is leading in the vote counts for Georgia and North Carolina. Fox News projected that Biden will win Arizona. (Read more from “Election Betting Odds Shift in Favor of President Trump” HERE)
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