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The betting odds have changed to make Donald Trump the favorite to win the US presidential election.
Gambling markets around the world were turned upside down when the count started earlier, having long favored Democratic candidate Joe Biden.
Trump now has a 65% chance of winning reelection, based on the latest odds. This morning he was thought to have a 38% chance.
It’s a replay of the 2016 election, when Hilary Clinton was tipped to win until the middle of the day, when the bookies switched to back a Trump victory.
The betting markets have not favored Trump to win since early September.
The markets have also made him a favorite to win in the key states of Ohio, Pennsylvania and Michigan.
Later, the odds rose again in Joe Biden’s favor after Fox News projected that he had won the key state of Arizona.
It was previously revealed that a mysterious British businessman would have made a $ 5 million bet for Trump to retain the presidency.
He could win nearly $ 15 million in what is believed to be the biggest gamble ever made in politics.
The polls have closed on the east coast of the United States after an epic election campaign.
The night began with predictable victories for each candidate, 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.
It’s too early to call out the results in the 2020 battleground states of Florida, Georgia and Pennsylvania.
Get in touch with our news team by emailing us at [email protected].
For more stories like this, check out our news page.
2020 U.S. elections
Follow our USA Live Election Blog for the latest updates during the day and election night.
Wondering how it all works? Check out our guide to the most Googled questions about the 2020 election, which covers everything you need to know about swing states, the electoral college, and everything in between.
Check out Metro.co.uk ‘s full coverage of the US elections here
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