(Reuters) – U.S. President Donald Trump has overtaken Democratic rival Joe Biden to stand when 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 for evens, Betfair Exchange said, versus 21-20 for Biden.
Betfair Exchange stated four bets of more than 10,000 weight ($13,362) were placed on the wedge over night, of what three ended up being on Trump, while the biggest stake of the plan so even, a 50,000 pound bet, was positioned on the Republican nominee with the weekend.
These bets in part aided Trump to carry the lead, after being neck-and-neck with Biden earlier this week, doing a stunning curing in the betting markets.
“In August, Trump had the worst chances for re election of any sitting President in history and defeat to Biden was looking increasingly likely,” Darren Hughes, spokesperson at Flutter Entertainment unit Betfair Exchange, said.
A Reuters/Ipsos national opinion poll on Wednesday showed 40 % of voters which are registered assistance Trump, compared with forty seven % who mentioned they are going to vote for Biden.
Biden’s lead is largely unchanged with the prior 3 weeks, during what each of those people held conventions to nominate their prospects Trump and Biden for the presidency.