Cyprus Mail
AmericasUS electionWorld

Trump overtakes Biden as favorite to win in November – Betfair Exchange

After lagging behind in polls for so long Trump has narrowed the gap over Biden

U.S. President Donald Trump has overtaken Democratic rival Joe Biden to stand as the favorite to win the 2020 U.S. Presidential election on Europe-based betting exchange Betfair, the exchange said on Wednesday.

Trump’s odds, reflecting wagers matched on the peer-to-peer betting network, stood at evens, Betfair Exchange said, versus 21-20 for Biden.

Betfair Exchange said four bets of over 10,000 pounds ($13,362) were placed on the platform overnight, of which three were on Trump, while the biggest stake of the campaign so far, a 50,000-pound bet, was placed on the Republican nominee over the weekend.

These bets in part aided Trump to take the lead, after being neck-and-neck with Biden earlier this week, completing a stunning recovery in the betting markets.

“In August, Trump had the worst odds for re-election of any sitting President in history and defeat to Biden was looking increasingly likely,” Darren Hughes, spokesperson at Flutter Entertainment unit Betfair Exchange, said.

A Reuters/Ipsos national opinion poll on Wednesday showed 40% of registered voters support Trump, compared with 47% who said they will vote for Biden.

Biden’s lead is largely unchanged over the past three weeks, during which both parties held conventions to nominate their candidates Trump and Biden for the presidency.

Related Posts

Israel, Palestinians agree truce from Sunday evening (Updated)

Reuters News Service

Covid lockdown turns Chinese tourist hotspot Sanya into nightmare for stranded tourists

Reuters News Service

Amnesty regrets ‘distress’ caused by report rebuking Ukraine

Reuters News Service

Four more cargo ships sail from Ukraine – Turkish, Ukrainian officials (Updated)

Reuters News Service

Palestinian rockets reach west of Jerusalem on third day of Gaza fighting (Updated)

Reuters News Service

Musk challenges Twitter CEO to public debate on bots

Reuters News Service