Who are the bookmakers’ favourites ahead of the U.S. election?
Americans will be going to the polls on Tuesday, November 3 2020, to elect the next President of the United States of America.
The result of the voting will either mean a second term for President Donald Trump and the Republican Party, or his contender Joe Biden from the Democratic Party will start his first term as U.S. President. What are the current betting odds from the Bookmakers and who are the leading contenders in the 2020 USA elections?
Who are the leading contenders?
Donald Trump (74 years old – Republican Candidate)
Donald Trump is currently the 45th President of the United States of America. Before entering politics, he was a Businessman and Reality television personality. He is now hoping to run for a Second Term as President of the USA.
Joe Biden (77 years old – Democratic Candidate)
Joseph Biden Jr. is an American Democratic politician who was the 47th Vice President of the United States. He was Vice President to Barack Obama from 2009 to 2017. He also served as the United States Senator for Delaware from 1973 to 2009. Joe Biden is the current favourite amongst bookies worldwide. He is the 2020 Democratic Candidate for U.S. President.
Kanye West (43 years old – Independent Candidate)
Kanye West is an American Record Producer, Rapper and Fashion Designer. He has never been a Politician but announced in 2015 that he would be running for President in 2020. He was a 2020 Candidate for U.S. President but dropped out of the race in July 2020 when he failed to submit his petition on time.
Jo Jorgensen (63 years old – Libertarian Candidate)
Jo Jorgensen is a Libertarian Political Activist and American Academic. She was previously the Libertarian party’s nominee for Vice President in the 1996 Presidential Election and is now their nominee for President of the United States in the 2020 election.
Mike Pence (61 years old – Republican Candidate)
Michael Pence is an American Republican Politician and Lawyer. He is currently the 48th Vice President of the United States and has held this position since 2017. Pence was the 50th Governor of Indiana for the period 2013 to 2017 and has served for six terms in the USA House of Representatives from 2001 to 2013. He is the 2020 Republican Candidate for U.S. Vice President.
Kamala Harris (56 years old – Democratic Candidate)
Kamala Harris is an American Attorney and Democratic Politician. She is currently serving as the Junior United States Senator from California and has held this position since 2017. She is the 2020 Democratic Vice-Presidential nominee for U.S. Vice President.
Who are the Bookmakers Favourites?
Even though political betting is not offered at any regulated and legal sportsbooks in the USA, Europe, Australia and the U.K. currently have robust betting markets. According to the Telegraph, Joe Biden is the current favourite at the Bookies for the 2020 USA Presidential Election followed by President Donald Trump.
While his edge is narrowing, many people placing bets believe that the betting odds offer more accurate predictions than the actual polls as this is due to people putting their money on the line.
According to online operators, in the race for the 2020 Presidential Election, In July 2019 Donald Trump was the favourite, but Biden had become the favourite by July 2020 and is still the current favourite, as mentioned above.
The 2 Vice President hopefuls, Mike Pence and Kamala Harris are neck and neck at the moment
Current Betting Odds for the Candidates
Each Bookie has its own odds which are literally changing by the minute, in the lead up to the election. Even mobile betting has drawn a big interest in the election. As of the 28 October 2020 the average odds were the following:
Odds for the Next President
Donald Trump – 15/8
Joe Biden – 10/19
Kamala Harris – 200/1
Mike Pence – 500/1
Kanye West – 1000/1
Odds for the Political Party Winner
Democrats – 10/19
Republicans – 8/5
Independent Candidate / Any other Party – 100/1
While bookmakers are always very active in the lead up to elections in most major countries, anything can happen and even the favourites can end up losing.
We saw this in the 2016 USA elections when Hillary Clinton was tipped as the favourite, and the polls had her tipped for a landslide victory.
In the end, as we all know, Donald Trump won to become the 45th President of the United States and many people were left wondering how the final results could have changed so drastically during the counting process.
This just proves that nothing is certain until the final votes have been counted, especially when it comes to Politics, and even more so when it comes to the 2020 Elections for the United States of America.
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