DraftKings Network 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 they’re 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, there’s no better value anywhere than betting on Donald Trump to receive a second term.
Of course if you want to win money on the election without putting up any yourself, enter DraftKings Sportsbook’s $100,000 Presidential Election Pool. Just pick the winner of the election overall and in 11 states, and you’ll have a chance at some of the cash!
As we’ve said here before, the margin between what the polls say and what the markets say isn’t a a gap — it’s a chasm the size of the Grand Canyon in the swing state of Arizona. There’s no other way to interpret the data than this:
People in the betting markets don’t believe in the science of polling. Despite basically every input of tangible data being in Biden’s 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.
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