Bets are going more than two-to-one for Democrat presidential nominee Joe Biden in European markets, the Washington Examiner reported on Monday.
So far, more than $150 million has been staked on the U.S. presidential election in Europe, where gambling on American political campaigns is legal.
OddsChecker spokesman Pete Watt told the Examiner that the betting predicts Biden has a 69.25% chance of capturing the White House, compared to President Donald Trump’s 33.33%.
Watt said that “the closer we get to November 3rd the closer we get to a Democratic victory — or so it seems.”
But despite these odds, OddsChecker reported that over the weekend, just under 59% of bets on the election have been on Trump winning, while only 35% of the bets were placed on Biden.
Watt pointed out that “The gap between Trump and Biden in the betting markets is getting closer in size to the one that has existed in the polls for months, but Biden’s fondness for a gaffe, coupled with the learnings of 2016, suggest that to write off the president would be to do so at your peril.”
Brian Freeman ✉
Brian Freeman, a Newsmax writer based in Israel, has more than three decades writing and editing about culture and politics for newspapers, online and television.
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