Americas

Betting market odds flip to favour Trump over Biden in US election

LONDON (REUTERS) – Betting market odds on the US presidential election have flipped to favour Republican President Donald Trump over Democratic candidate Joe Biden, according to data from two aggregators.

Bettors on British betting exchange Betfair are giving Mr Trump a 60 per cent chance of winning a second term in the White House, up from 39 per cent when polls opened on Tuesday morning (Nov 3).

Mr Biden’s odds of a win among bettors on the Betfair Exchange have fallen to 40 per cent from 61 per cent earlier.

“Trump has overtaken Biden significantly and is now in pole position, suggesting it could be a very nervous night ahead for Biden,” Betfair spokesman Sam Rosbottom said.

UK-based Smarkets Exchange is giving Mr Trump 65 per cent win-odds, up from 39 per cent when polls opened.

Mr Biden’s win-odds have fallen to 35 per cent from 61 per cent earlier.

“This has mainly been 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 Mr Patrick Flynn, political analyst at Smarkets.

Mr Flynn said that Florida wasn’t a “must win” state for Mr Biden as it was for Mr Trump.

“Biden could yet put those crucial Midwestern states of Pennsylvania, Michigan and Wisconsin in his column, and he would win the election.”

For live updates and results, follow our US election live coverage.

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