Thursday, May 19, 2022
PoliticsBetfair Exchange launches US Election Swingometer

Betfair Exchange launches US Election Swingometer

The Betfair Swingometer in Washington Co. Durham (Image supplied)

ONE of the UK’s largest betting companies has launched a US Election Swingometer to track polling as the race for the presidency heats up.

The minute-by-minute odds tracker was launched by Betfair last week in Washington, Co. Durham.

The town is the ancestral home of the USA’s founding father and first President, George Washington and attracts hundreds of American tourists every year to discover their nation’s history.

Currently the two candidates are neck and neck on Betfair Exchange, last week Donald Trump became the favourite for the first time in three months.

Washington, Co. Durham
Paul Krishnamurty at White House in Washington Co Durham (Image supplied)

However, throughout the campaign, the odds have been constantly swinging, back in February Biden was 99/1 (1%) to become the next US President when Bernie Sanders was the favourite to become the Democratic Candidate.

Paul Krishnamurty, Professional Political Gambler and Analyst said: “More than any politician in history, Trump cuts through, whether positive or negative, to a wider audience. You can see it in the debate figures, you can see it in the turnout.

“Therefore, this election is about him. Ask any Brit what they know about Trump – they’ll say everything. But ask about Biden? They’ve barely even heard of him.

“We know that 2020 is already shaping up to be different to 2016.

“Biden is already tracking higher in the polls than Clinton was at the same time, he’s a much more popular candidate and looking at the odds right now it is clear the punters, who make Biden the slight favourite, agree.

Dr Israel Figa explains why Donald Trump is good for the US economy
Trump faces former Vice President Joe Biden. (Photo by Library of Congress on Unsplash)

“I think Biden will win by a landslide by taking Pennsylvania, Wisconsin and Michigan – the three states that Clinton didn’t win in 2016. Trump may have defied the odds to win four years ago, but I can’t see that happening again this time around.”

Sam Rosbottom, Betfair spokesman added: “Already there is huge interest in who will be the next US President on Betfair Exchange, with over £70 million wagered on the betting market.

“During the last election, back in 2016, a record £199 million was bet, with over £75 million of that coming once the polls closed. Back then, Hillary Clinton was the 1/10 favourite on election day, and we all know what happened after that.

“Already this year we have seen some huge swings in the betting market, back in February, Joe Biden was 100/1 (just a 1% chance) to become the next US President, but as the months went on, the odds shifted in his favour, in August he had a 60% chance of winning, and since then his chances have decreased and it’s too tight to call.”

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