Trump overtakes Biden as favorite to secure in November

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

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

Betfair Exchange claimed four bets of over 10,000 pounds ($13,362) had been placed on the platform over night, of what three had been on Trump, while the most important stake of the campaign so considerably, a 50,000 pound bet, was put on the Republican nominee with the weekend.

These bets in part aided Trump to take the lead, after being neck-and-neck with Biden earlier this week, doing an incredible healing in the betting areas.

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

A Reuters/Ipsos national viewpoint poll on Wednesday showed 40 % of voters which are registered guidance Trump, compared with 47 % that stated they will vote for Biden.

Biden’s lead is basically unchanged over the past 3 months, during which the two parties held conventions to nominate their applicants Biden and Trump for the presidency.