..

Gamblers Bet the Farm on Joe

Written by:
Gilbert Horowitz
Published on:
Oct/12/2020

So many bets are coming in on the former US Vice President Joe Biden becoming the next President.  He's now the biggest favorite yet at -220 to win the Electoral College and -650 to win the popular vote.

In European markets alone, over $150 million has been staked, and the bets are going more than 2-to-1 for Biden.

The odds aggregator site Oddschecker.com spokesperson Pete Watt says Biden has a 69.25% chance of victory compared to the sitting President Donald Trump’s 33.33%.

But, in noting that money is still going to Trump, he added, “The gap between Trump and Biden in the betting markets is getting closer in size to the one that has existed in the polls for months, but Biden’s fondness for a gaffe coupled with the learnings of 2016 suggest that to write off the president would be to do so at your peril.”

Gamblers haven't given up on Trump just yet.

Oddschecker observed that just under 59% of bets on the 2020 US election this past weekend have been on Trump winning next months election. In the same time period, Joe Biden has accounted for just 35% of bets on the 2020 US election.

- Gilbert Horowitz, Gambling911.com

Politics News

Betting Odds for Biden's Cabinet Picks

Betting Odds for Biden's Cabinet Picks

President-Elect Joe Biden is expected to announce more members of his cabinet this week, and Vegas has projected the favorites and frontrunners for the major remaining positions, offering Janet Yellen as the 1-3 favorite to win Secretary of Treasury and Michele Flournoy an even bigger 1-15 favorite to be named Secretary of Defense.

When Will My Georgia Election Bet Be Graded?

When Will My Georgia Election Bet Be Graded?

The state of Georgia was expected to finish its recount in the 2020 US Presidential Election by late Wednesday evening, in which case certification should quickly follow with bets for this state likely to be graded by week's end.  Georgia was among the so-called "Battleground states" heavily wagered on. 

When Will My Election Bets Be Graded?

When Will My Election Bets Be Graded?

The news networks have projected a win for Democrat candidate Joe Biden as the GOP candidate and sitting US President Donald Trump is yet to concede.  Meanwhile, sportsbooks have yet to concede.

Melania Trump Divorce Odds:  'Counting the Minutes"

Melania Trump Divorce Odds: 'Counting the Minutes"

A former aide to Melania Trump reveals that the First Lady is ‘counting the minutes until she can divorce Donald (Trump)’ after he leaves office.

Trump Won't Concede Any Time Soon Say Oddsmakers

Trump Won't Concede Any Time Soon Say Oddsmakers

The oddsmakers are giving the undefeated Pittsburgh Steelers and the winless New York Jets better chances of losing, or winning, than the possibility of Donald Trump conceding the election.

Syndicate