UPDATE: Joe Biden's chances of winning the presidential election have never been better, oddsmakers say
By Weston Blasi
The former Democratic vice president currently has a 74% chance of winning on Nov. 3, while Donald Trump, the incumbent, has a 33% chance, according to implied probability odds from Betfair
With the 2020 presidential election just 20 days away, Joe Biden's chances of winning the presidency have never been better, according to the U.K. exchange Betfair.
As of Oct. 14, former Vice President Biden's betting odds to win the election carry an implied probability of 74%. President Trump's odds to serve another term have an implied probability of 33%, according to Betfair.
Implied probability is the conversion of betting odds into a traditional percentage to show how likely something is to happen.
Here is how those odds have changed over time:
Biden has led Trump in most national (https://www.realclearpolitics.com/epolls/2020/president/us/general_election_trump_vs_biden-6247.html#polls) and swing-state polls (https://www.marketwatch.com/story/he-wants-to-tell-everybody-to-wear-a-frickin-mask-mixed-covid-19-reaction-only-tightens-close-wisconsin-race-11601306669?mod=weston-blasi) in recent months, according to data compiled by RealClearPolitics.
Biden was first made a favorite over Trump (https://www.marketwatch.com/story/oddsmakers-say-joe-biden-is-the-favorite-over-donald-trump-in-the-2020-election-2020-06-12) on Betfair's exchange in June.
Trump's worsening odds come in the wake of his diagnosis with COVID-19 and amid confirmation hearings for Supreme Court nominee Amy Coney Barrett (https://www.marketwatch.com/story/day-3-of-amy-coney-barretts-supreme-court-confirmation-hearing-live-blog-2020-10-14?&mod=home-page) and stalled fiscal stimulus talks (https://www.marketwatch.com/story/tocks-open-higher-despite-stalled-stimulus-talks-2020-10-12) with Congress.
-Weston Blasi; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 18, 2020 17:47 ET (21:47 GMT)
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