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(Reuters) – U.S. President Donald Trump has overtaken Democratic competitor Joe Biden to stand when the favorite to gain the 2020 U.S. Presidential election on Europe based betting exchange Betfair, the exchange said on Wednesday.

Trump’s chances, reflecting wagers matched on the peer-to-peer betting network, stood at evens, Betfair Exchange mentioned, versus 21 20 for Biden.

Betfair Exchange stated 4 bets of over 10,000 excess weight ($13,362) were positioned on the wedge overnight, of which 3 had been on Trump, while the most important stake of the campaign so a lot, a 50,000-pound choice, was put on the Republican nominee over the weekend.

These bets in part aided Trump to carry the lead, after being neck-and-neck with Biden earlier this week, finishing an incredible improvement in the betting markets.

“In August, Trump had the most awful odds for re election of every sitting President in defeat and history to Biden was searching progressively more likely,” Darren Hughes, spokesperson at Flutter Entertainment unit Betfair Exchange, said.

A Reuters/Ipsos national opinion poll on Wednesday showed forty % of voters which are registered guidance Trump, as opposed to forty seven % that said they will vote for Biden.

Biden’s lead is basically the same with the earlier 3 months, during which the two individuals held conventions to nominate their prospects Trump and Biden for the presidency.