With the 2020 presidential election simply 20 days away, Joe Biden’s probabilities of successful the presidency have by no means been higher, in line with the U.Okay. change Betfair.
As of Oct. 14, former Vice President Biden’s betting odds to win the election carry an implied likelihood of 74%. President Trump’s odds to serve one other time period have an implied likelihood of 33%, in line with Betfair.
Implied likelihood is the conversion of betting odds into a standard share to point out how possible one thing is to occur.
Right here is how these odds have modified over time:
Biden was first made a favorite over Trump on Betfair’s change in June.
Trump’s worsening odds come within the wake of his analysis with COVID-19 and amid affirmation hearings for Supreme Courtroom nominee Amy Coney Barrett and stalled fiscal stimulus talks with Congress.