A half-hour ago, Biden’s odds to win were roughly 29%, so he’s seen nearly a 20-point bump on the heels of some positive early news in Wisconsin. It’s only been 15 minutes since some massive news for Joe Biden in the state of Wisconsin, and the betting odds continue to move toward the former VP. Biden has seen some positive movement in both Wisconsin and Michigan as more votes have been tabulated.
For example, Barack Obama and Donald Trump were bi888 เครดิตฟรี about as different as could be. Polling data is fluid and changes over the course of an election period. In the early stages like now , candidates with the most name recognition tend to poll the strongest.
Voters will select presidential electors who in turn will either elect a new president and vice-president through the electoral college or re-elect the incumbents. The betting markets were not good predictors, but they weren’t trying to be. The online bookmakers that fielded bets on the election saw their largest single-event windfall ever.
It’s political science (shoutout my fellow pre-law majors that graduated without taking the LSAT!), but it ascribes to the same methodologies and testing as the “hard sciences” do. Betfair, a European market-based site where citizens abroad can wager on the outcome of the election. In fact today a $1.3 million bet was placed on Biden to be the 46th President of the United States, the largest political wager in the history of the market. 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.
If you're reading political betting odds for the first time and aren't sure how they reflect a candidate's chances of winning, it's fairly straightforward. So, the lower the odds, the more likely that bet is to win, and so the smaller your profit. Betting on a candidate like Ron DeSantis at +600 ($600 profit) is a bigger risk than Trump at +300 ($300 profit), but the potential profits are therefore greater.
While it's very early in the 2024 Presidential election cycle, there are a number of potential candidates on both sides of the aisle. Nobody has yet declared his or her candidacy quite yet, but you can definitely expect the usual suspects, as well as several up-and-coming political stars. There is somereal momentum behind Florida governor Ron DeSantis to be the next President of the United States, as his odds climbed to +1100, then up to +1000 in the summer of 2021.
Another possibly familiar name, Betfair runs a bi888 betting exchange, which is a bit like taking betting and tossing it down to Wall Street. Unlike running 50/50 odds, Betfair Exchange has Biden as a slight favorite to win, though if Trump wins the payout will be slightly better. Like PointsBet, Betfair shows decimal odds and offers most of the same props beyond the outright winner.
Over that same span, Trump’s odds hit an Election Day high of 38.6% at those three hour markers. Biden’s betting odds stayed the same, but Trump’s odds shortened a touch, causing his chances of winning to bump up slightly from 31.8% to 32.7%. That also caused Biden’s chances to dip a bit, from 68.2% to 67.3%.
There are no official candidates for the 2024 Presidential election just yet, as no party member has declared their intent to run for office. However, that doesn't mean you can't place political futures bets on a whole host of possible candidates. Also, will Third-Party candidates and Independents finally make a splash as the chasm between the two main parties grow wider? You can find valuable information on all these potential nominees and other key players in modern American politics by checking out our political news section.
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