The current odds imply Joe Biden has a 69% chance to win, compared to 31% for President Donald Trump.Īnd while the $430 million that's been wagered on this market is nearly split 50-50 between Biden and Trump, the 10 biggest bets are all on Biden. ETīetfair, a European sportsbook, has officially cracked $430 million wagered on its 'Next U.S. That bout pulled in an inflation-adjusted $71.5 million. presidential betting market into perspective, Betfair spokesman Sam Rosbottom said the most-bet sporting event in Betfair’s history was the fight between Floyd Mayweather and Conor McGregor on Aug. presidential election would be a multi-billion dollar market, that was ended Tuesday night.Įuropean betting site Betfair, on their exchange alone, saw more than $500 million in bets come in - for context, the 2016 election did $281.9 million in bets when adjusting for inflation. Joe Biden has taken a commanding lead in the betting markets, with his implied probability crossing 80% on Wednesday morning.Įuropean sportsbook Betfair has also crossed a major milestone, reaching $564 million, almost exactly double the betting handle of the 2016 election. Note that the implied probabilities do not include the tax the book charges. ET on Wednesday and via European exchange Betfair.
