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The election betting odds continue to rise in Joe Biden’s favor as the vote count stretches through Thursday in the last remaining states on the battlefield.
Biden’s odds of winning the presidential election have now reached an all-time high after securing Wisconsin and Michigan and while still counting mail-in ballots in Pennsylvania, Georgia and Nevada.
The gambling markets currently have the Democrat an 86.7 percent chance of beating President Donald Trump, according to the betting website Betfair.
The election betting odds currently have Biden with an 87.7 percent chance of winning and Trump with 11.6 percent.
The spike comes as vote-by-mail ballots have turned Biden’s course in the past 24 hours.
The election betting odds continue to rise in Joe Biden’s favor as the vote count stretches through Thursday in the last remaining states on the battlefield.
The betting markets currently have the Democrat more than 85 percent chance of beating President Donald Trump.
Biden entered the election as the favorite among bookmakers.
As of Tuesday night, Biden had been the favorite with a 69 percent chance of winning.
However, as the votes began to roll in, the odds shifted in Trump’s favor and his chances of victory rose to nearly 77 percent.
Those numbers were a significant jump from Trump’s odds at the start of Election Day, when players put him at a 40% chance of re-election.
Biden’s odds took a severe hit around 9.45 p.m. when they fell to 48 percent when Trump secured several key states on the battlefield, including Florida and Texas.
The predictions are based on betting markets outside the United States, mostly European, as it is illegal for Americans to bet on politics.
The high-stakes pick, coming amid a tumultuous year fueled by the coronavirus pandemic, is now one of the largest gambling events in history with $ 460 million at stake, according to Oddschecker.
Trump and Biden were locked in close races in battleground states across the country Tuesday night when they wrapped up an epic campaign that will shape America’s response to the growing pandemic and fundamental questions of economic equity and racial justice. .
Supporters fill the street as the Democratic presidential candidate, former Vice President Joe Biden, speaks during a parade in Philadelphia on Tuesday.
Protesters gather in front of the White House during the 2020 presidential election
From coast to coast, the races were too early to summon the most contested states on the map, including North Carolina, Georgia, and Pennsylvania.
Both candidates scored some predictable victories, with Trump taking states like Kansas and North Dakota and Biden’s tour of Colorado and Virginia, two former battlefields that have become Democratic strongholds.
Americans made their decisions when the nation faced a confluence of historic crises in which each candidate declared the other fundamentally incapable of meeting the challenges.
Daily life has been disrupted by the coronavirus, which has killed more than 232,000 Americans and cost millions of jobs.
Millions of voters put aside worries about the virus, and some long lines, to come in person, joining 102 million compatriots who voted days or weeks before, a record number that represented 73 percent of total votes in the 2016 presidential election..
Early results in several key states on the battlefield changed as election officials processed a historically large number of ballots by mail.
Democrats typically outnumber Republicans in voting by mail, while the Republican Party seeks to regain ground in turnout on Election Day.
That means the initial margins among candidates could be influenced by the type of votes (early or on Election Day) that states reported.
Biden entered Election Day with multiple paths to victory, while Trump, catching up on various battle states, had a narrower but still doable path to garner 270 Electoral College votes.
