US Election: Big Change As Trump Betting Odds Drop

There has been a lot of fluctuation with the betting odds in the last 24 hours and now Donald Trump is leading the race.

Just hours ago, when the votes for the American elections began to arrive as the polls closed, Joe Biden had strengthened his chances of becoming the next president of the United States.

When voting closed on the East Coast, Biden had gone from $ 1.60 to $ 1.48 with TAB in Australia.

And since going from $ 2.35 to $ 2.65, Trump had almost returned to his highest price with TAB, which was $ 2.70 in mid-October.

But now TAB has Biden at $ 2.40 and Trump at $ 1.55.

Sportsbet also had Biden in the lead at $ 1.40 and Trump trailing at $ 2.85 last night.

Those odds have now dropped to $ 1.57 for Trump and $ 2.25 for Biden.

In terms of TAB bets, 63 percent of the money held today has been with Trump.

In 2016, Trump cost $ 2.35 before markets closed before the election.

Biden’s highest price was $ 26 in February of this year.

The US elections have been so popular for TAB that it will have more money for the historic event than the AFL or NRL Grand Finals and it is the same situation for Sportsbet.

In the UK, a British businessman is so confident that Trump will win that he has made an unprecedented bet on the president staying in the White House.

The mysterious ex-banker used Caribbean-registered private bookmakers to place a $ 5 million (A $ 7.02 million) bet, with odds of 37/20, on Trump’s victory, according to The Sun.

If successful, the entrepreneur could take home nearly $ 15 million ($ A20.9 million).

A source in the betting industry told the publication that the bet was believed to be “the largest ever made in politics.”

While most indicators predict a Biden win, if 2016 taught us anything, it’s that there is no such thing as a shoo-in.

There has been a huge flurry of betting on the American election.

Here are some important clues on what to expect from one of the most crucial votes in recent history when it comes to the polls and betting agencies.

Australian site SpotsBet has Joe Biden at $ 3.20 while Donald Trump is at $ 1.28.