US Presidential Election Betting 2020: Joe Biden 4/5 Favourite with Bookies to beat Trump
US Presidential Election Betting Odds 2020
Donald Trump Vs Joe Biden
The polls will be open in less than two months and we’re just starting to see signs of the candidates ramping things up, as they vie for the public vote. So what do you bookies think? Below we take a look at the latest US Presidential Election betting odds 2020 and pick out some best bets.
The tale of the tape for this one is Donald Trump trading at 6/5 (2.20) on the Betfair betting exchange versus Joe Biden at a shade odds on at 5/6 (1.86).
The presidential debates right around the corner (first Presidential debate is on September 29th).
It will be a rollercoaster ride between now and November 3rd, as each candidate deploys strategic campaign tactics to get their noses out in front.
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Biden Odds Drifting Slightly
Rewind a month and Biden was a stronger favourite, with Trump at best odds of 2.8 while Biden stood at 1.67. A staggeringly poor position to be in for the 45th President. But, Trump’s been persistent and has built up momentum going into the final stretch of the campaign. While it was looking grim at the start of August, Republicans will be buoyed by what they see now.
There has been a surge in support for Trump and with the pair now neck and neck, it’s all to play for; but is there any value left in the U.S. political betting market? Let’s unravel things and see what might happen in the coming months.
— The Hill (@thehill) September 10, 2020
What We Know
As it stands, Joe Biden is tracking higher in the polls than Clinton was back in 2016, meaning he’s a far more popular candidate and it’s clear from the latest US Presidential Election betting odds 2020 that there are many who believe he’ll be the 46th United States president.
Given how polemic things are in the US, it does feel like Biden is the opposite of the man currently residing in the White House, which will make the vote straightforward for many Americans.
But, as we saw in 2016, Trump is a unique candidate and reaches a wider audience than most Republicans normally do. After what we’ve seen this year, the fact he’s still pulling in such big turnouts at rallies and produces great numbers in debate figures is impressive.
However, we’re in one of the most unpredictable years in recent history, so there is an air about the election, exuding anything can happen. Having said that, if Biden can clutch the major states of Pennsylvania, Wisconsin and Michigan, we can see him being victorious.
More US Presidential Election Betting Odds 2020
Outside of the outright winners market, the Swing State betting odds is where the real value is. The coronavirus has changed the landscape for political campaigns. Trump has been a proven success at the podium and if he had the opportunity to work his MAGA-magic in the swing states it would do wonders for his chances of remaining in office.
The Republican convention was supposed to make a stop in Florida, which is an important swing state. Major online sportsbooks have both parties at evens for Florida, meaning it’s the most tightly contested state.
Swing State Betting Opportunities
Swing state betting was a goldmine last year, with Trump swiping Wisconsin, Pennsylvania, Michigan, Iowa, Ohio, Florida and New Hampshire from the Democrats. Although they were only won by narrow margins, it still shocked a lot of people.
We foresee a less unpredictable result this year, but there is still a lot of value in this particular 2020 US election betting market.
As it stands, according to the top-tier bookmakers, the states in contention worth taking a look at are Arizona, as mentioned before Florida, North Carolina, Pennsylvania and Wisconsin.
The pendulum could easily swing in either direction in these states. Things are likely to become clearer as the debates start at the end of the month, so strike while the iron’s hot.
As ever, US sports betting sites are offering a multitude of prop bets and novelty betting markets surrounding the U.S presidential elections.
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