Trump overtakes Biden as favorite to win in November

(Reuters) – U.S. President Donald Trump has overtaken Democratic opponent Joe Biden to stand as the favorite to secure 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 stated, versus 21 20 for Biden.

Betfair Exchange claimed four bets of over 10,000 excess weight ($13,362) ended up being placed on the platform through the night, of which 3 had been on Trump, while the biggest stake of the campaign so even, a 50,000 pound option, was positioned 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 extraordinary rehabilitation in the betting markets.

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

A Reuters/Ipsos national opinion poll on Wednesday showed forty % of voters that are registered guidance Trump, as opposed to 47 % who said they will vote for Biden.

Biden’s lead is basically the same with the past 3 months, during what both individuals held conventions to nominate their applicants Trump and Biden for the presidency.