Trump overtakes Biden as favorite to win in November

(Reuters) – U.S. President Donald Trump has overtaken Democratic rival Joe Biden to stand as the favorite to secure 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 network, stood at evens, Betfair Exchange said, versus 21-20 for Biden.

Betfair Exchange said four bets of over 10,000 pounds ($13,362) were positioned on the wedge over night, of what three were on Trump, while the greatest stake of the campaign so much, a 50,000 pound bet, was put on the Republican nominee with the weekend.

These bets in part aided Trump to bring the lead, after being neck-and-neck with Biden earlier this week, completing an amazing curing in the betting markets.

“In August, Trump had the most awful odds for re-election of each sitting President in defeat and history to Biden was looking more and more likely,” Darren Hughes, spokesperson at Flutter Entertainment system Betfair Exchange, claimed.

A Reuters/Ipsos national thoughts and opinions poll on Wednesday showed 40 % of registered voters guidance Trump, as opposed to 47 % that stated they are going to vote for Biden.

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