Bookmaker Ladbrokes states that the 77-year-old Mr Biden finds himself chalked up with odds of 4/5 to win this year’s US election. Incumbent US President Donald Trump is now fancied at 6/5. Jessica O’Reilly of Ladbrokes said: “Biden’s in pole position at the moment, but it wouldn’t be a huge surprise to see Trump overtake him and become favourite again.”
She added: “However, the polls are looking dreadful right now and the odds currently suggest a Biden White House whitewash.
“With a potential heavy defeat on the cards, Ladbrokes also now make it a 4/1 shot Trump officially pardons himself before the end of his first term.”
The latest opinion poll by RMG Research from June 11–13, has Mr Trump on 36 percent, and Mr Biden on 48 percent.
An earlier poll run by Ipsos and Reuters on June 8, saw Mr Trump and Mr Biden in a slightly narrower margin.
In the earlier poll, Mr Trump was on 38 percent and Mr Biden was on 46 percent.
Democrat leader Mr Biden has been ahead of President Trump in most high-quality national polls in 2020, according to data gathered by RealClearPolitics.
In March Mr Trump was leading Mr Biden in all the opinion polls, but now fortunes have changed.
Speaking to Market Watch, Alex Donohue, a political betting analyst for betting aggregators US-Bookies.com, argues that the ongoing protests over the death of George Floyd and economic uncertainty may have finally caught up with Mr Trump.
Mr Donohue said: “Poor polling alone hadn’t previously been enough to convince bettors to abandon Trump.
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It has been reported that former US vice-president Mr Biden has raised over $80 million, £64 million, after teaming up with the Democratic National Committee.
The former vice president’s campaign received an average online donation of $30, £24, according to the financial disclosure presidential candidates are required to release by 20 June.
President Trump’s re-election campaign has not yet released its figures along with those from the Republican National Committee.
On Monday Mr Biden said in a statement: “I’m in awe of this sum of money.
“Just a few months ago, people were ready to write this campaign off,”
He added: “I understand what these dollars mean.
“When facing uncertainty and recession, you chose to back me.
“I will never forget that.
“And I promise that when I’m president, I won’t let you down.”
The fundraising haul is especially astonishing after nearly 40 million Americans have lost their jobs since the pandemic began.