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Current Odds

edited November 2020 in Off-Topic
2020 Election Odds 1:05 PM

Donald Trump
Odds + 430
Percent Chance 18.3%
Donald Trump

Joe Biden
Odds -526
Percent Chance 81.7%

Odds as of 1:05 p.m. ET on Tuesday and via European sportsbook Betfair.

Comments

  • @hank- Not familiar with betting odds... I assume the "percent chance" is of a final win, but what do the "Odds" mean?

    Thanks- OJ
  • edited November 2020
    @Old_Joe - The large + - numbers have me a bit befuddled as well. In some manner they reflect what you’d currently pay for a wager on one or the other candidate and what you’d get back should he win. The lower his chace of winning, the more your payout would be.

    Your assumption is correct. The % number is what those who wager consider a candidate’s chance of eventually becoming President - and what I’ve been watching.

    I followed this site last night while watching the returns on Bloomberg, which did a good job. Global markets (stocks, bonds, metals) were flying all over the place. The Pres. odds whip-sawed, going from strongly pro-Biden at start of evening to strongly pro-Trump (when I went to bed) and than back to strongly pro-Biden again this morning. However, it’s leveled out now that a significantly larger number of ballots have been counted.

    Interestingly, pollster Frank Luntz, interviewed on Bloomberg shortly before midnight, mentioned that he’d also been following a couple European betting sites. Luntz, like everyone, was concerned that the polling had been so far off. Took particular aim at the WP. Not to be partisan here, Fox and the WSJ were way off as well.
  • Thanks, hank.
  • edited November 2020
    You’re welcome Sir. Take care.
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