The 2020 US election is shaping up to be the biggest betting event of all time, with one player placing a record-breaking one million-pound bet on a victory for Democratic challenger Joe Biden, betting companies say.
People were still rushing to place bets on the eve of Tuesday’s election and Matthew Shaddick, Head of Politics Betting at Ladbrokes Coral Group, said it estimated about one billion pounds would be wagered globally across the industry.
US President Donald Trump’s chances of re-election gained slightly over the weekend, but Biden remained a clear favourite in online betting markets.
Betters on British exchange Smarkets give Biden a 65% chance of winning, while Trump’s prospects improved to 35% from 34%.
Source From : Times Of India