As Election Day voters are hitting the polls, the betting numbers are staying the same for the 2020 Presidential Election.
As the polls open across America, not much has changed in the markets betting on who will be the next President of the United States. While the pollsters have Joe Biden as a clear favorite to succeed Donald Trump, bettors remain much more skeptical.
For bettors, the math remains pretty simple: If you think the polls are correct (or even if theyâre leaning a bit too much towards the Democratic party), you should put your money on Joe Biden to win the Presidency.
If you think the polls are just wrong for whatever reason, thereâs no better value anywhere than betting on Donald Trump to receive a second term.
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As weâve said here before, the margin between what the polls say and what the markets say isnât a a gap â itâs a chasm the size of the Grand Canyon in the swing state of Arizona. Thereâs no other way to interpret the data than this:
People in the betting markets donât believe in the science of polling. Despite basically every input of tangible data being in Bidenâs favor to win, the markets are giving the President about a one-in-three chance to repeat. Which was the same odds he had before the election last time, but the same calculations in 2020 have him as a 10-1 underdog.