US election betting odds point to 50-50 chance
4 years, 2 months ago

US election betting odds point to 50-50 chance

Live Mint  

Betting market odds on the US presidential election have begun to tighten once again after clearly flipping overnight in favour of Republican President Donald Trump over Democratic candidate Joe Biden, according to data from three aggregators. Trump earlier falsely claimed victory over Biden on Wednesday with millions of votes still uncounted in a White House race that will not be decided until a handful of states complete vote-counting over the next hours or days. The flip in betting markets overnight was mainly "driven by Trump seemingly holding the key swing state of Florida as a result of a very strong showing for him in the Miami-Dade county with a large Cuban population," said Patrick Flynn, political analyst at Smarkets. Bettors on British betting exchange Betfair were giving Trump a 62% chance of winning a second term in the White House at 0800 GMT, up from 39% when polls opened on Tuesday morning.

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