Betting markets give Trump slightly improved chances after debate

0
69
FILE - In this combination of file photos, former Vice President Joe Biden speaks in Wilmington, Del., on March 12, 2020, left, and President Donald Trump speaks at the White House in Washington on April 5, 2020. Barring unforeseen disaster, Biden will represent the Democratic Party against Trump this fall, the former vice president's place on the general election ballot cemented Wednesday, April 8, by Bernie Sanders' decision to end his campaign. (AP Photo)

By Reuters Staff

LONDON (Reuters) – U.S. President Donald Trump’s probability of getting re-elected gained slightly on online betting markets following Thursday’s final presidential debate.

Bettors on British exchange Smarkets give Democratic challenger Joe Biden a 66% chance of winning the Nov. 3 election, down from 68% before the the debate. Trump’s chances improved to 34% from 32%.

Betfair also said Trump’s odds improved on the same level following the debate, adding that punters spent over nine million pounds ($12 million) betting on the election over the last 24 hours.

The odds have narrowed since mid-October, but betting trends on gambling websites still predict a win for Biden. The former vice president has a substantial lead in national opinion polls, although the contest is closer in battleground states likely to decide the race.

The majority of big-money political betting occurs outside America as betting on politics is illegal in the United States.

Reporting by Thyagaraju Adinarayan; Editing by Frances Kerry

Our Standards: The Thomson Reuters Trust Principles.

Reuters

LEAVE A REPLY

Please enter your comment!
Please enter your name here