Joe Biden may be the bookmaker’ favorite to win the 2020 U.S. Presidential election, but incumbent Donald Trump is drawing more than twice as many bets as his rival for the Oval Office.
There’s less than a week to go before United States citizens head to the voting booths, with a long campaign trail set to reach its conclusion with a crossroads in American political history.
Oddschecker figures show more than 64 percent of U.S. election bets placed between October 25-26 picked Trump to get a second term, compared to only 31.7 percent of bets in favor of democrat nominee Biden.
The patterns could indicate more bettors are merely attracted to the larger price offered by bookmakers, with Trump trailing as +188 underdog and Biden out in front at -225.
The last U.S. president, Barack Obama, has become increasingly vocal in support of his former vice-president, Biden, as he’s picked up his campaign efforts in recent months, via ABC:
"What's his closing argument? That people are too focused on COVID…'COVID, COVID, COVID,' he's complaining. He's jealous of COVID's media coverage."— ABC News (@ABC) October 27, 2020
Former Pres. Barack Obama slams Pres. Trump's response to the pandemic while campaigning for Joe Biden. https://t.co/sXaImU40tl pic.twitter.com/1BhBMALEfK
Having a figure like Obama in his corner is likely to work firmly in Biden’s favor, and Trump’s mishandling of the coronavirus pandemic remains a very sensitive topic for the Republican party.
According to Oddschecker, one key to this year’s election will be Biden’s ability to turn states who switched allegiance to Trump when he went up against Hillary Clinton in 2016.
The democrats are understood to have an “87.7 percent chance of flipping a state won by the Republicans” four years ago, while Trump only has a 32.8 percent chance winning back a state who converted to Clinton. Nevada and New Hampshire both voted in favor of Clinton in 2016, and those states are thought to have the highest probability of switching allegiance to the Republicans, estimated at 28.6 percent and 22.2 percent, respectively.
Betting on American politics is still not legal in most of the United States, but there’s every reason to believe the landscape is moving in favor of the laws being changed to favor the practice
Prediction: Donald Trump to win (+188)
U.S. Election Odds (Oct. 28)
Joe Biden: -225
Donald Trump: +188