US Presidential Race Could Be Historic for the Betting Industry

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Photo: Reuters

The presidential race in the United States, which takes place this Tuesday, 3, tends to become the event that will move more money in the history of the betting industry. The race is between Donald Trump and Joe Biden and the question is: who will rule the richest country in the world for the next four years?

Matthew Shaddick, the director of political betting at the Ladbrokes Coral group, commented to the newspaper “The Guardian” that the entire segment should register around R $ 7.5 billion.

According to the British newspaper “Daily Mail”, a bettor made a bid of around R $ 30 million in Donald Trump. According to the tabloid article, the man works in the financial market and had direct contact with people on the campaign committee of the current president. The bet was placed on Curaçao, the report points out.

Another person bet the equivalent of R $ 7.46 million on Joe Biden, as recorded by the Betfair Exchange platform. Remembering that bets will be accepted until confirmation of the winner of the elections.

The expectation in one of the betting platforms is that the total amount will reach about R $ 3 billion, double the amount of the last election, in 2016.

Biden ahead of Trump in bookmakers

For those betting money on the United States presidential election, Donald Trump’s probabilities of continuity increased on Tuesday, according to the English website Betfair Exchange. The candidate’s chance of reelection jumped from 35% to 39%.

While Joe Biden, the Democratic Party candidate, is nominated as a favorite, only on the gambling website the possibilities have plummeted from 65% to 61%. On another platform, Smarkets, guesses indicate Trump with 38%.

In the last election, the president was seen as the underdog, with a 17% chance of victory. On the other hand, Joe Biden also appears to be leading the polls, but in the most decisive states, he has a smaller advantage.