AIRLINK 86.21 Decreased By ▼ -0.99 (-1.14%)
BOP 4.97 Decreased By ▼ -0.05 (-1%)
CNERGY 4.08 Decreased By ▼ -0.01 (-0.24%)
DFML 37.22 Decreased By ▼ -0.68 (-1.79%)
DGKC 91.20 Decreased By ▼ -2.68 (-2.85%)
FCCL 22.99 Decreased By ▼ -0.78 (-3.28%)
FFBL 33.74 Increased By ▲ 1.07 (3.28%)
FFL 9.19 Decreased By ▼ -0.06 (-0.65%)
GGL 10.05 Increased By ▲ 0.02 (0.2%)
HASCOL 6.25 Decreased By ▼ -0.29 (-4.43%)
HBL 126.25 Increased By ▲ 4.33 (3.55%)
HUBC 158.29 Increased By ▲ 12.64 (8.68%)
HUMNL 11.08 Increased By ▲ 0.58 (5.52%)
KEL 4.64 Decreased By ▼ -0.10 (-2.11%)
KOSM 4.09 Decreased By ▼ -0.10 (-2.39%)
MLCF 38.25 Decreased By ▼ -0.55 (-1.42%)
OGDC 133.40 Decreased By ▼ -1.61 (-1.19%)
PAEL 25.40 Increased By ▲ 0.32 (1.28%)
PIBTL 6.22 Decreased By ▼ -0.05 (-0.8%)
PPL 119.25 Decreased By ▼ -0.43 (-0.36%)
PRL 24.58 Increased By ▲ 0.48 (1.99%)
PTC 12.28 Increased By ▲ 0.06 (0.49%)
SEARL 59.32 Decreased By ▼ -0.48 (-0.8%)
SNGP 65.60 Increased By ▲ 0.60 (0.92%)
SSGC 9.87 Decreased By ▼ -0.18 (-1.79%)
TELE 7.85 Decreased By ▼ -0.02 (-0.25%)
TPLP 9.49 Decreased By ▼ -0.25 (-2.57%)
TRG 63.80 Decreased By ▼ -0.50 (-0.78%)
UNITY 27.26 Increased By ▲ 0.21 (0.78%)
WTL 1.28 Decreased By ▼ -0.04 (-3.03%)
BR100 8,341 Increased By 31.1 (0.37%)
BR30 26,457 Increased By 506.8 (1.95%)
KSE100 78,810 Increased By 9 (0.01%)
KSE30 25,474 Increased By 35.6 (0.14%)
Markets

US election betting odds point to 50-50 chance

Odds for a Biden win have fallen to 49% from 61% on Tuesday.
Published November 4, 2020

Betting market odds on the US presidential election have begun to tighten once again after clearly flipping overnight in favour of Republican President Donald Trump over Democratic candidate Joe Biden, according to data from three aggregators.

British-based Smarkets exchange is giving Trump and Biden an almost an equal chance of winning as of 1000 GMT, with Trump sitting at a 51% chance. The odds on Trump had risen to as much as 80% overnight.

Odds for a Biden win have fallen to 49% from 61% on Tuesday.

The shift came after Biden overtook Trump in the battleground state of Wisconsin with an estimated 89% of the vote tallied so far. Trump has 49% and Biden has 49.3% of vote, according to Edison Research.

Trump earlier falsely claimed victory over Biden on Wednesday with millions of votes still uncounted in a White House race that will not be decided until a handful of states complete vote-counting over the next hours or days.

The flip in betting markets overnight was mainly "driven by Trump seemingly holding the key swing state of Florida as a result of a very strong showing for him in the Miami-Dade county with a large Cuban population," said Patrick Flynn, political analyst at Smarkets.

Bettors on British betting exchange Betfair were giving Trump a 62% chance of winning a second term in the White House at 0800 GMT, up from 39% when polls opened on Tuesday morning. Biden's odds of a win on Betfair had fallen to 38% from 61% earlier.

"With thousands of votes still to be counted, it remains a coin flip over who will be victorious, but for now Donald Trump is the punters’ pick," Betfair spokesperson Sam Rosbottom said.

Comments

Comments are closed.