Trump overtakes Biden as favorite to gain in November

(Reuters) – U.S. President Donald Trump has overtaken Democratic rival Joe Biden to stand as the favorite to gain the 2020 U.S. Presidential election on Europe based betting exchange Betfair, the exchange said on Wednesday.

Trump’s chances, reflecting wagers matched on the peer-to-peer betting networking, stood for evens, Betfair Exchange said, versus 21 20 for Biden.

Betfair Exchange claimed four bets of more than 10,000 excess weight ($13,362) ended up being positioned on the platform over night, of which three were on Trump, while the greatest stake of the strategy so considerably, a 50,000-pound option, was positioned on the Republican nominee over the weekend.

These bets in part aided Trump to take the lead, after being neck-and-neck with Biden earlier this week, completing a stunning restoration in the betting markets.

“In August, Trump had the worst odds for re-election of any sitting President in defeat and history to Biden was searching more and more likely,” Darren Hughes, spokesperson at Flutter Entertainment unit Betfair Exchange, said.

A Reuters/Ipsos national viewpoint poll on Wednesday showed forty % of voters which are registered support Trump, as opposed to 47 % that stated they will vote for Biden.

Biden’s lead is basically unchanged with the earlier 3 days, during which the two parties held conventions to nominate their candidates Biden and Trump for the presidency.