In half a day, they traded the favorites in the US presidential election, here’s why!

The 77-year-old Democratic candidate went to the polls Tuesday as the leader of most bookmakers in countries where, unlike the United States, gambling on politics is legal, with most chances approaching 70 percent. hundred.

But President Trump returned after the starting points started to arrive; Almost reversing its position, the British aggregation company OddsChecker showed its chances in the jump from just 32 percent at 3 p.m. Tuesday to 69 percent at 11 p.m. A company in Britain had a probability of up to 75%, according to the website.

Hours after Trump declared himself the likely winner, his chances dropped sharply again, while Biden took an even bigger lead.

OddsChecker said that across UK bookmakers their chances averaged 75 percent, from Trump’s 25 percent, the lowest since the website began tracking the market in January 2019, and rated it as a “big change in the betting market”.

Players who place record bets have also taken Biden to the key states of Pennsylvania, Michigan and Wisconsin, putting him at a 90.9 percent chance of winning the latter.

“One foot in the White House?” The site asked on Twitter, calling it a “favorite to win.”

Other bookmakers also cheered on Biden, with the Smarkets exchange giving him an 83 percent chance Wednesday at 10 o’clock.

Trump’s chances in the Smarkets were below 17, a huge drop of nearly 80 percent overnight, the website showed.

Election betting odds have also apparently favored the former vice president, putting the odds at 84 percent on Wednesday and just 16 percent for Trump.

New Zealand saw similar numbers, with PredictIt putting Biden’s chances at nearly 80%.

The 2020 election is already considered the biggest gambling event of all time and reportedly the biggest political gamble on record, with a mysterious Briton betting on Trump for $ 5 million.

OddsChecker says that the five biggest bets he saw were already on Biden, however.

“What a day it’s been in the race for the White House!” Betfair tweeted, emphasizing: “And it’s not over yet!”

OddsChecker’s Pete Watt said that “the competitiveness of the race through election night” also means that anything can happen.

“We have seen two men exchange favors tonight, and with the outcome of this election, which is still very close to being called, it would not be surprising if Trump again takes the lead with the quota creators before this is over.” , he predicted.

Kurir.rs/NYP

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