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The U.S. election may be the biggest bet event in history



British gamblers’ betting amount in the US presidential election hit a record high, dwarfing the amount of betting on any sporting event or even the politics of the country.

Betfair spokesman Darren Hughes said that as of Wednesday morning, Betfair Exchange had bet 220 million pounds (about 284 million US dollars). This London-based company operates the world’s largest online gaming exchange.

Americans can now legally place bets on sports events in many states, but here or in the UK, betting on elections is illegal.
The amount of bets in this year’s US election has exceeded the previous record of 199 million pounds wagered in the Trump-Clinton campaign four years ago. The biggest bet in the UK general election is £1
13 million in the 2016 Brexit referendum.

Betfair predicts that the stakes in the US election will eventually exceed 400 million pounds.

OddsChecker US Public Relations Manager Pete Watt (Pete Watt) said: “You cannot overestimate the image of the President in the UK. The interest in placing bets has gone beyond political gamblers.” The agency provides advice and information to gamblers.

Hughes said the bet will continue until a clear winner is announced.

Hughes said: “If this count continues for days or even weeks, as some people predict, we will continue to keep the market open.”

Watt said Betfair is one of several exchanges in the UK, albeit the largest. Watt said that other exchanges and various sports books are also betting, which means that the amount of betting may even exceed 220 million pounds.

So far, the amount of bets in the U.S. election exceeds Betfair’s total betting on the four most watched sports events: Floyd Mayweather vs. Connor McGregor boxing match in 2017, and the 2018 World Cup , The 2019 National Horse Race and the 2020 Super Bowl.

In the presidential campaign, those who seize the opportunity of President Trump are increasingly likely. If the winner bet £10, the profit would be £18.80, while the challenger Joe Biden would be £5.26-essentially giving Trump a 34.8% chance of winning.

However, for the president, these odds are higher than those given to him by some American forecasters. As of Friday morning, Biden of the political prediction site FiveThirtyEight.com has an 89% chance of winning the vote.

Watt said Trump’s long journey has attracted many people who bet on the president. He said that the number of people spending money on Trump is twice as much as Biden, and Biden has twice as much money-despite placing more money and bigger bets on Biden.

The winning bet will be who becomes the next president, not who wins the general election.
The bet on this year’s election begins with the presidential primary, and the odds of many Democratic candidates are constantly changing. Watt said that after Biden won a far-leading fifth place in this year’s New Hampshire Elementary School competition, his odds are 100 to 1.
British bettors have placed their bets on the 2024 presidential election. The same odds give Vice President Biden Pence a 16.7% chance of being elected president.

Watt said that based on current odds, the Democratic vice presidential candidate Kamala Harris is second with a 14.3% chance, followed by Rep. Alexander Ocasio-Cortez with 5.9%. Opportunity to come. Then came former South Carolina Governor Nikki Haley with a 5.3% chance.

And the odds give President Trump-if he loses this year-a 4.8% chance of being re-elected in four years. If this happens, he will not be the first non-consecutive president: Grover Cleveland is the 22nd and 24th president of the United States.


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