Politics
US Presidential Election: Donald Trump v Joe Biden Odds as Paddy Power go 3/1 on Biden Victory
The final 24hrs of campaigning are currently taking place ahead of the 59th quadrennial US Presidential Election, with Joe Biden and Donald Trump set to battle it out for the top spot.
Already this week it has been announced that over £200 million has been matched on the outcome of the election.
It’s the biggest betting market in Betfair Exchange’s history, overcoming the previous record of nearly £199m.
Vice President of USA Joe Biden during a meeting with President of Ukraine Petro Poroshenko in Kiev. Pic Credit ©: Mykhaylo Palinchak/123rf
That total was set in the 2016 US Election between Trump and Hillary Clinton.
Betfair Exchange have suggested that the current £200m tally could double in the coming days.
Current national polls show a landslide voting gap for Democratic nominee Biden, who has a lead of 8.5 percentage points over the current incumbent.
But the betting odds suggest a much closer race between Trump and his fierce rival.
The current POTUS can be backed at 15/8 to continue on for another term. And Biden has been given odds of 5/9 to take over at the White House.
Biden is perhaps best known for serving as Barack Obama’s vice president for eight years. Republican candidate Trump meanwhile is keen to extend his current reign.
At 78, Biden would be the oldest first-term president in the country’s history. Trump would be 74 years old at the start of his potential second term in office.
Each state will be busy with voting once it opens, with each given a certain number of electoral college votes, partially based on population.
There are a total of 538 electoral college votes on offer, so the overall winner will be determined by whoever gains 270 or more.
Most states tend to lean heavily towards either Democrat or Republican, and US citizens aged 18 or over are traditionally eligible to vote.
Voters will also be choosing new Congress members in their ballots, where the Democrats have control of the House. The party will be eager to also gain control of the Senate.
A total of 33 Senate seats are available. And all 435 House seats are up for election this time around.
