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US election 2020: What shifting odds tells us about Biden’s chances against Trump

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“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 one percent 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 percent chance of winning, and since then his chances have decreased and it’s too tight to call.”

But despite the surge in backing via odds for Mr Trump, Mr Biden is holding a national seven point advantage over Mr Trump, according to a USA Today poll of registered voters.

The latest polling results come after the conclusion of Republicans’ nominating convention last week, when Trump denounced Biden as beholden to the “radical left” wing of the Democratic Party and warned the “American way of life” would be destroyed were he not reelected.



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