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Gambling World Betting On Joe Biden To Win U.S. Presidential Election

More Than $150 Million Wagered On The Election In European Markets, With 70% Of The Bets Placed On Democratic Nominee

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The gambling world thinks that Joe Biden will be the next President of the United States, according to a Washington Examiner report.

While Americans don’t have a regulated option to wager on the upcoming election, there are several platforms in Europe that allow for wagers on the outcome of the U.S. presidential election.

In those markets, there has been more than $150 million bet on the election. According to the latest numbers from OddsChecker, nearly 70 percent of that money has been placed on the Demoratic nominee. Now, most sites are listing Biden as a -225 favorite, while President Donald Trump is now a +200 wager.

High-stakes mixed games specialist Matt Glantz echoed similar sentiments Monday on Twitter. He feels that the smart money is on Biden and that Trump’s chances of winning reelection are slim.

Most polls have Biden as the clear favorite this November, but Trump faced large polling deficits in his 2016 victory over Hillary Clinton as well.

For a brief moment in April, FanDuel offered odds on the election on its platform available in West Virginia. They were pulled off the site 15 minutes after they were listed, but listed Trump as a -110 favorite. Given that a gambler could bet both sides of this and guarantee a victory, it seems likely the odds listed were a mistake and not accurate of what a betting market would look like.

The company listed Joe Biden, who was coming off his big wins on Super Tuesday but had yet to secure the nomination, as a +125 dog and Bernie Sanders as +3,500.