Update: Another swing back.
And we’ve come full circle: the betting markets are back to saying Biden has it. The Wisconsin numbers showed the absentee ballots are stunningly, overwhelmingly Biden. The process is awful but whatever happens both sides need to respect the results. Don’t hate me for saying so.
— Alex Berenson (@AlexBerenson) November 4, 2020
Biden climbing fast here as well pic.twitter.com/RbJAkUIx18
— James Pethokoukis (@JimPethokoukis) November 4, 2020
Betting odds for the 2020 election have completely flipped in Donald Trump’s favor as the night progressed, according to markets worldwide, which is reportedly the first time that has happened in more than five months.
Whoop! There it is. Vegas odds have flipped and *Biden* is now the underdog in the betting market.
-220 means you must wager $220 to win $100
+155 means if you wager $100 you win $155
At this moment Vegas gives Trump 2:1 odds of WINNING pic.twitter.com/5DPhCcZZaO
— Gayle Trotter (@gayletrotter) November 4, 2020
Vegas bookmakers just officially switched to favor Trump. They were previously going for Biden.
— Ian Miles Cheong (@stillgray) November 4, 2020
Vegas odds just officially flipped to Trump…
— Bill Melugin (@BillFOXLA) November 4, 2020
— RJ Bell (@RJinVegas) November 4, 2020
Trump is now odds on to win in the betting markets. The pollsters could be wrong again.
— Nigel Farage (@Nigel_Farage) November 4, 2020
UK betting odds moving fast. pic.twitter.com/k3kPQ9KBJR
— Paul Joseph Watson (@PrisonPlanet) November 4, 2020
This morning, betting odds implied that Donald Trump had a 38% chance to win the election.
As of 9:30pm ET, the betting odds imply that Donald Trump has a 73 percent chance to win the election.
— Darren Rovell (@darrenrovell) November 4, 2020
According to OutKick, the pattern “mirrors” 2016. Here’s what the numbers looked like throughout the day.
2:45 – Biden 2/5, Trump 2/1
5:45 – Biden 2/5, Trump 2/1
8:00 – Biden 4/5, Trump 1/1
9:35 – Biden 17/10, Trump 3/10
10:00 – Biden 13/5, Trump 1/4
10:30 – Biden 15/8, Trump 4/9
11:00 – Biden 21/10, Trump 1/3
11:30 – Biden 6/5, Trump 4/6
Clearly, President Trump has picked up considerable steam throughout the day, especially in the later hours, mirroring the 2016 race. However, that momentum has receded a little bit to become a closer race. (OutKick)
Trump is now a monster betting favorite to win election. It’s 2016 all over again. Literally the exact same pattern with the betting markets. https://t.co/3c5WAbp5fk
— Clay Travis (@ClayTravis) November 4, 2020
Author: Leah Barkoukis
Source: Town Hall: Betting Odds See Wild Swings as Race Drags On