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Early results in several key battleground states were in flux as election officials processed a historically large number of mail-in votes. It has also teed up the possibility of a bitter and protracted legal battle similar to the one that played out in Florida in the 200 Bush vs Gore election, that ended up going all the way to the Supreme Court. That raises the prospect that the overall winner of the election might not become clear until Friday, when the deadline for counting votes expired. Officials in Pennsylvania had warned ahead of time that the count could take several days to complete. £400million has been wagered on the election, UK betting site Betfair says.
Us Election Sets Betting Records Overseas With $1 Billion In Wagers
Those odds on your screen reflect the real money being risked by real people on each side. The 2020 US election is shaping up to be the biggest betting event of all time, with one player placing a www.pecansouthmagazine.com record-breaking £1m bet on a victory for the Democratic challenger, Joe Biden. “It was once those early projections began to come in from Florida that we saw a huge swing in the betting, with bettors rushing back to the President to pull off another electoral upset,” Watt added.
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That volume of wagering makes this election the single most popular betting event in the history of the website, which was the first in Canada to offer novelty betting on U.S. elections in 2014. Biden, whose odds dropped to just a 25.8 per cent chance of winning at one point last night, has once again become odds-on favourite to win. Bettors on British betting exchange Betfair are giving Trump a 60 informative post per cent chance of winning a second term in the White House, up from 39 per cent when polls opened on Tuesday morning. I mean, not only the presidential election, we can get into so much more, A versus B, electoral votes and electoral votes for particular states,” he explained. Any slight gains for Trump in any sphere will be treated very seriously by the Biden team, who are doing their best to avoid complacency among their supporters, urging them to get out and vote. It’s worth remembering that at this point the betting gave Hillary Clinton a much better chance of victory with a week to go until polling day, making her 4/11 to win and Trump 14/5 .
On Tuesday, West Virginia became the first state to offer legal betting on the next U.S. presidential election. But, it was short-lived as the odds were taken down after about 15 minutes. The November 3 presidential election between President Donald Trump and former VP Joe Biden is officially the largest single betting event in the history of London betting exchange Betfair. It's not just Americans who are obsessed with the presidential election. Gamblers abroad are wagering a record amount of money on the contest, dwarfing the amounts placed on any sporting event or previous political race.
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There is a total of $550K volume with $452K in open interest and placed bets on the market. To vote on Polymarket, you need to have USDC coins inside your wallet. They have around $7 million in total volume, with $181K in liquidity. Currently, it seems that the majority believe that Trump will not win as the token price is very low. With Coronavirus spreading through the population, the majority of votes cast were through the mail. For this reason, it seems that some crucial states are delayed in the counting of these votes, and there is still time for them to reveal the winner.
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We talk more about the different markets later in the piece, but things like the next president of the United States or the winning majority in a general election. With Biden swaying to his direction, some key states that saw Trump victorious in the last presidential election against Hillary Clinton, he is unimaginably taking the lead which no one saw coming six months ago. An ABC News/Washington Post poll released on Wednesday morning suggests that Joe Biden is a favorite in Wisconsin, a Trump powerhouse, with odds of -340.
Betting agencies currently have Donald Trump as the red hot favourite to win the US election. Gambling can be addictive and may result in difficulties to stop even when you know it is causing issues. Gambling is not a solution for financial problems – only play for what you can afford to lose! Keep track of how much time and money you are spending online and take action if needed. Play responsibly and get in touch with us or use the online tools here should you have any concerns.