Odds shift from Trump to Biden again; Betfair Exchange launches US Election Swingometer in Washington

imagesource:selectnews91
imagesource:selectnews91

Closest calls in US elections in a long time seem to have emerged again. This time it’s between- Joe Biden and Donald Trump.

With election odds in US Presidential elections shifting each week, the County Durham in Washington has something different on its mind. The elections odd favoured Trump in a long time for the first time as the Election Day nears. However, the odds shifted back to Biden quickly the following day.

This prompted UK’s largest betting company, Betfair Exchange to devise US Elections Swingometer and launch it in Washington.

The company spoke to political analysts, betting and gambling experts and various people to learn about the odds. The Swingometer gives updates about each minute of the election odds, as to who is being favoured and is likely to succeed.

Notably, the Washington has been given importance in US because it is ancestral home to founding father of USA, George Washington, who was also the First President of United States.

Washington attracts huge number of visitors and tourists each year given the historical importance of the place and the presence of major attraction of US, the Old Washington Hall. The History of US and its lush green side can be seen in Washington and hence it is a city which can swing the election results.

imagesource:nottinghamshire live
imagesource:nottinghamshire live

Pressat.co reported that two weeks ago Biden was the big odds-on favourite at 8/13 (60%), while Trump trailed behind at 15/8 (40%). Throughout the campaign, the odds have been constantly swinging, back in February Biden was 99/1 (1%) to become the next US President when Bernie Sanders was the favourite to become the Democratic Candidate.

Sam Rosbottom, Betfair Spokesperson said, “Already there is huge interest in who will be the next US President on Betfair Exchange, with over £70 million wagered on the betting market. Joe Biden is the current favourite at evens, however almost 60% of the money has been bet on Donald Trump, who briefly went favourite yesterday for the first time in three months, and in the past 24 hours his odds have gone out to 21/20.”

He further added, “During the last election, back in 2016, a record £199 million was bet, with over £75 million of that coming once the polls closed. Back then, Hillary Clinton was the 1/10 favourite on election day, and we all know what happened after that. Already this year we have seen some huge swings in the betting market, back in February, Joe Biden was 100/1 (just a 1% chance) to become the next US President, but as the months went on, the odds shifted in his favour, in August he had a 60% chance of winning, and since then his chances have decreased and it’s too tight to call”, reported Pressat.co.uk.

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