Trump overtakes Biden as favorite to secure in November

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

Trump’s odds, reflecting wagers matched on the peer-to-peer betting network, stood at evens, Betfair Exchange mentioned, versus 21-20 for Biden.

Betfair Exchange claimed four bets of over 10,000 pounds ($13,362) had been placed on the platform through the night, of which three had been on Trump, while the most important stake of the campaign so a lot, a 50,000 pound bet, was placed on the Republican nominee with the weekend.

These bets in part aided Trump to carry the lead, after being neck-and-neck with Biden earlier this week, doing an incredible healing in the betting markets.

“In August, Trump had the most terrible chances for re election of every sitting President in history and defeat to Biden was looking more and more likely,” Darren Hughes, spokesperson at Flutter Entertainment unit Betfair Exchange, claimed.

A Reuters/Ipsos national opinion poll on Wednesday showed 40 % of voters which are registered support Trump, compared with forty seven % who mentioned they are going to vote for Biden.

Biden’s lead is basically the same with the past three days, during what each of those parties held conventions to nominate their prospects Trump and Biden for the presidency.