LONDON (UK) – US President Donald Trump’s chances of re-election gained strength overnight in online betting markets as Americans set out for the polls on Tuesday, according to Betfair Exchange.
The UK-based platform saw Trump’s chances of winning the election improve from 35% to 39% from 35%, while Democratic challenger Joe Biden witnessed his chances dip to 61% from 65%.
Betfair said the election is by far the biggest betting event on record, with 300 million pounds bet with the platform so far.
Betters on British exchange Smarkets give Trump a 38% winning chance.
Betfair said on Monday that one person had placed a one million-pound bet on Biden, touted to be the biggest political bet of all time. If Biden wins, the player would fetch 1.54 million pounds.