According to bookmakers, Donald Trump has a much higher chance of winning the U.S. election in 2020 than in 2016.
In fact, Trump’s chances of winning a second term are almost twice as high as four years ago.
Just one day before the elections in 2016, the soon-to-be president was given an implied probability of around 18 percent of winning against his rival Hillary Clinton, leading British bookmaker Betfair told Washington Newsday.
At that time Clinton was considered the clear favorite with an 83 percent chance of winning.
Like Clinton, Biden is considered the clear favorite of the bookmakers for victory in the 2020 elections.
One day before the start of the elections, Betfair Exchange gives the Democrat an implied 66 percent chance of winning and Trump a chance of around 35 percent.
Similarly, Oddschecker, who collects betting data from dozens of bookmakers, gives Biden a 65.23 percent chance before Trumps 34.78.
“Donald Trump’s 2:1 odds put him in a much better position than four years ago before he defeated Hillary Clinton with breathtaking excitement,” Betfair spokesman Sam Rosbottom told Washington Newsday.
“Joe Biden’s team obviously takes nothing for granted, even though he is the 1:2 favorite, and recent state odds suggest that some of the major battlefields visited today are too close together.
Although in online polls the Democrat Biden was named as the clear favorite, bettors have been happy to tangle with the odds-makers as they seem confident that they will be upset next week.
In fact, the worse the odds that the bookmakers give the trump card, the more bettors are crying out to support him.
It seems that the dominance of Biden in betting does not stop online bettors from supporting the incumbent for a second term.
The majority of bettors seem to believe that the 2020 election will follow the same pattern as the shock result of 2016.
Like Biden, Clinton was the bookmakers’ favorite to enter the 2016 election.
Although the bets were against him, 61 percent of the bets for the 2016 election were placed on Donald Trump.
Trump’s odds for the 2016 election implied that he only had a 16.7 percent chance of winning at the end of October, but 47.6 percent of bets were placed on Trump in the same month, Oddschecker reports.
Since May, Biden has been the betting favorite for victory in the 2020 presidential election.