Trump overtakes Biden as favorite to win in November

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

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

Betfair Exchange said 4 bets of over 10,000 pounds ($13,362) were placed on the wedge overnight, of which three had been on Trump, while the biggest stake of the plan so considerably, a 50,000 pound option, was positioned 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, finishing an incredible recovery in the betting markets.

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

A Reuters/Ipsos national thoughts and opinions poll on Wednesday showed 40 % of voters which are registered guidance Trump, as opposed to 47 % who mentioned they will vote for Biden.

Biden’s lead is basically unchanged over the previous 3 months, during what both parties held conventions to nominate their prospects Trump and Biden for the presidency.