(Reuters) – U.S. President Donald Trump has overtaken Democratic competitor Joe Biden to stand while the favorite to secure the 2020 U.S. Presidential election on Europe based betting exchange Betfair, the exchange mentioned on Wednesday.
Trump’s odds, reflecting wagers matched on the peer-to-peer betting network, stood at evens, Betfair Exchange mentioned, versus 21-20 for Biden.
Betfair Exchange said 4 bets of more than 10,000 weight ($13,362) had been positioned on the platform overnight, of which 3 had been on Trump, while the biggest stake of the campaign so considerably, a 50,000-pound bet, was put on the Republican nominee with the weekend.
These bets in part aided Trump to take the lead, after being neck-and-neck with Biden earlier this week, finishing an amazing relief in the betting markets.
“In August, Trump had the most awful odds for re election of any sitting President in defeat and history to Biden was looking more and more likely,” Darren Hughes, spokesperson at Flutter Entertainment system Betfair Exchange, believed.
A Reuters/Ipsos national opinion poll on Wednesday showed 40 % of voters which are registered guidance Trump, compared with 47 % that stated they are going to vote for Biden.
Biden’s lead is essentially the same over the past 3 weeks, during which both individuals held conventions to nominate their applicants Trump and Biden for the presidency.