The amount bet on former Vice President Joe Biden to win the presidential election has overtaken the amount bet on President Donald Trump for the first time this cycle.
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The United Kingdom-based Betfair Exchange said the 2020 presidential election has passed the 2016 election as the most heavily bet event in its history.
Former Vice President Joe Biden’s odds of winning the presidential election improved over the weekend on the United Kingdom-based Betfair Exchange.
The Nov. 3 presidential election between Donald Trump and Joe Biden is on pace to top the $258 million that was wagered on the 2016 election on London’s Betfair Exchange.
The wager at United Kingdom-based Betfair Exchange will pay $358,000 if the former vice president wins the Nov. 3 election against the president.
Joe Biden won the final presidential debate Thursday, according to an instant poll on CNN. But Donald Trump’s odds to win re-election improved at offshore sportsbooks.
The winner of the proposition on London’s Betfair Exchange will be determined by a CNN snap poll after Thursday’s debate in Nashville, Tennessee.
Trump improved from a +225 underdog to +150 at London’s Betfair Exchange. Offshore sportsbook Bovada also moved the line after taking some sharp bets on the president.
Biden is a -225 favorite and Trump the +225 underdog at Betfair Exchange, which took two $150,000 bets and a $143,000 wager on Biden over the weekend.
The presidential election odds were taken off the board at overseas sportsbooks after President Donald Trump announced Thursday night that he tested positive for COVID-19.
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