US Presidential Election 2020 Odds: Bookies Lengthen Odds of Trump Victory Following Debate

Nearly every major booker has lengthened their odds on Donald J. Trump winning the 2020 election in November while Joe Biden is still the bookies’ favourite.

Following last night’s final US presidential debate, nearly every bookmaker taking bets on the US presidential election have lengthened their odds of Donald J. Trump winning the 2020 election in November.

As of this morning, four more years of a Trump presidency is priced at 7/4 at Sky Bet, William Hill, Betfair, PaddyPower and BetVictor. Alternatively, Vbet, Betway, Betfred, PaddyPower and Betfair have priced a Joe Biden victory in November at 1/2.

Last night’s debate

US President Donald Trump and his opponent, former vice-president Joe Biden, clashed over the handling of the coronavirus pandemic, racism and corruption allegations in the final televised presidential debate.

Bookmakers began to cut their odds of Trump winning the election part way through the debate when the topic of international relations with China came up. Both candidates also clashed on the minimum wage in the US and by this time in the debate more than half of the major UK bookmakers cut Trump’s odds.

Prior to the debate, Sky Bet priced a Trump victory in November at 11/8 while offering odds of 4/7 on a Biden victory, implying that Biden was the favourite to win in November. 

These odds were likely to have been influenced by the New York Times after the paper released claims that Trump still holds a bank account in China. This report followed several weeks after the New York Times published an article claiming that Trump did not pay any income tax in 10 of the last 15 years

It is important to note that these reports have yet to be proven true but have both had serious implications on the US election polls, public opinion and betting markets.

Looking at the most recent poll from CNN Joe Biden is currently leading with 52% while Trump lags behind at 42%.

11 days to go

With 11 days to go until the US presidential election, last night’s presidential debate may have helped solidify Biden’s lead over Trump in the presidential race.

So far a record number of US citizens have voted early to ensure they have their say on the next US president. 

At the time of writing, at least 47.1m voters have voted early representing a 100% increase on the number of early votes placed in 2016.

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