Updated October 13, 2020 - 7:50 am
Three weeks before the U.S. presidential election, Donald Trump’s odds to beat Joe Biden are his longest since February at Betfair Exchange.
Biden is a -225 favorite and Trump the +225 underdog at the London-based sportsbook, which said it took two $150,000 bets and a $143,000 wager on Biden over the weekend before moving his price from -187.
At William Hill in the United Kingdom, Biden is -220 and Trump +180. At offshore book Pinnacle, Biden is -209 and Trump +183.
The Democratic nominee’s odds are his lowest ever at Betfair, where Biden’s implied probability of winning is 69 percent, compared with 31 percent for the Republican president.
“Which makes the Democrat twice as likely to win in November than the incumbent,” Betfair spokesperson Sam Rosbottom said. “Trump now travels to four key battleground states to win over prospective voters — starting with Florida, where Biden is currently the (-137) favorite.
“After winning the state in 2016, a loss in the Sunshine State would be a crushing blow for the president’s re-election chances with 29 electoral votes on the line.”
Betfair said in an email that it has taken $159 million in wagers on the election, with the 10 largest bets on Biden, including one for $200,000.