(Reuters) – U.S. President Donald Trump has overtaken Democratic rival Joe Biden to stand as the favorite to secure the 2020 U.S. Presidential election on Europe based betting exchange Betfair, the exchange mentioned on Wednesday.
Trump’s odds, reflecting wagers matched on the peer-to-peer betting network, stood at evens, Betfair Exchange mentioned, versus 21-20 for Biden.
Betfair Exchange claimed 4 bets of over 10,000 pounds ($13,362) were placed on the platform over night, of which 3 ended up being on Trump, while the biggest stake of the strategy so much, a 50,000 pound bet, was placed on the Republican nominee with the weekend.
These bets in part aided Trump to bring the lead, after being neck-and-neck with Biden earlier this week, completing an amazing improvement in the betting markets.
“In August, Trump had the most terrible odds for re election of any sitting President in history and defeat to Biden was looking progressively more likely,” Darren Hughes, spokesperson at Flutter Entertainment system Betfair Exchange, said.
A Reuters/Ipsos national opinion poll on Wednesday showed forty % of voters which are registered guidance Trump, compared with 47 % who mentioned they will vote for Biden.
Biden’s lead is largely unchanged over the past three weeks, during which both individuals held conventions to nominate their prospects Biden and Trump for the presidency.