Bettors stampede back to Biden as results stream in

[webfact]

Bettors stampede back to Biden as results stream in

By Thyagaraju Adinarayan, Divya Chowdhury and Saqib Iqbal Ahmed

 

FILE PHOTO: Campaign signs for U.S. President Donald Trump and presidential nominee and former Vice President Joe Biden are seen on Election Day in Cherryville, Pennsylvania, U.S., November 3, 2020. REUTERS/Rachel Wisniewski/File Photo

 

LONDON/NEW YORK (Reuters) - Democratic candidate Joe Biden was holding on to his position as a clear favorite to win the U.S. presidential election in online betting markets on Wednesday afternoon, a reversal of fortune for President Donald Trump, who had been favored overnight.

 

The shift, according to data from three odds aggregators, came after Biden overtook Trump in the battleground state of Wisconsin early on Wednesday. Biden holds a narrow lead after officials completed their vote count.

 

Biden's chances of winning stood at 80% late on Wednesday afternoon on British-based Smarkets exchange, while New Zealand-based predictions market PredictIt had Biden at 84%. Trump's chances on Smarkets were at 21% from nearly 80% overnight.

 

"Taking the lead in Wisconsin could be the turning point with the Democrat now also projected to win Nevada and Arizona, which would likely give him the 270 electoral college votes he needs for victory," Betfair spokesperson Sam Rosbottom said.

 

Biden was also a favorite to win the presidency with bettors on Betfair.

 

Trump earlier falsely claimed victory over Biden with millions of votes still uncounted.

 

Biden has pinned his hopes on the so-called "blue wall" states of Michigan, Wisconsin and Pennsylvania that sent Trump to the White House in 2016. The Republican incumbent's campaign has vowed to pursue a recount and a lawsuit to challenge the results in Wisconsin and Michigan.

 

(For the latest results and news on U.S. election, click: https://www.reuters.com/world/us-election2020 )

 

The 2020 election is shaping up to be the biggest betting event of all time, betting companies say, with one player on Monday placing a record-breaking bet of one million British pounds ($1.3 million) on a victory for Biden.

 

Biden had been favored before Tuesday's Election Day, but his chances according to oddsmakers plunged to less than one-in-three overnight after Trump pushed ahead in the swing state of Florida.

 

Betfair Exchange said a record 434 million pounds has been bet on the outcome of the winner - more than double the amount in 2016. It accepts bets right up until the result is announced.

 

($1 = 0.7670 pounds)

 

(Reporting by Thyagaraju Adinarayan in London and Divya Chowdhury in Mumbai, Saqib Iqbal Ahmed in New York; additional reporting by Noel Randewich in San Francisco; Editing by Angus MacSwan, Peter Graff and Sonya Hepinstall)

 

-- © Copyright Reuters 2020-11-05

 

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[CharlieH]

Reported Troll comment removed.

[bartender100]

Looks like Trump is toast

[madmen]

6 minutes ago, bartender100 said:

Looks like Trump is toast

Not over untill the fat man sings. 

[Jillie Norman]

They must be trembling right now. It's just a matter of time, wew.

[fishtank]

The sore loser is threatening all kinds of legal challenges.

What a jerk.

Good riddance .

 

[OneMoreFarang]

27 minutes ago, madmen said:

Not over untill the fat man sings. 

I wait to see the fat man cry - "they stole the election from me". CRY.

[NumbNut]

34 minutes ago, madmen said:

Not over untill the fat man sings. 

That's the problem though, fat man sings too much

[Lacessit]

If it does happen, I am looking forward to the headline: "YOU'RE FIRED".

Edited November 5, 2020 by Lacessit

[Mama Noodle]

37 minutes ago, fishtank said:

The sore loser is threatening all kinds of legal challenges.

 

As he should, just like Gore did to which everyone cheered. 

[mrfill]

1 hour ago, madmen said:

Not over untill the fat man sings. 

Will that be another rendition of gay anthem YMCA with the hyper camp dancing?

[Scott]

Trolling representation of the President reported and removed.  

 

[nobodysfriend]

If Trump loses , he still has a plan B ...

It ain't over 'till it's over ...

[darksidedog]

I am not going to object to any legitimate legal challenge from either side, as they are both entitled to do so.

Any attempt to have counting halted though, would be extremely serious. You can't stop counting when you are fractionally ahead, as every vote should be tallied. It is the end result which matters, not who is winning halfway through the race. Like football it is the final score, not the one at half time that matters.

If there are suggestions of fraud, then some evidence should be offered up to justify the accusation, rather than wind up gullible folks without substantiation.

Once the final numbers are tallied the result will be known. You would hope that both sides will respect that, though that is probably a forlorn hope given that Mr. Trump has said he would challenge regardless of the result for some time now.

[Paul Henry]

Plan "B" is a joke .Trump still hasn't stated what he is taking to the Supreme Court. His advisors should tell him that already a couple of court actions have been kicked out. The eventual judicator on the election is not the Supreme Court. In the past the Court has refused to hear these type of case and sent it back to the electoral authorities. Unless of course Trumps stacked courts decide not to be judges based on fact and tradition and become party hacks.

[bronzedude]

Like his friends on Fox News said to Comrade Donald, "You gotta go!"

[Lacessit]

2 hours ago, Mama Noodle said:

 

As he should, just like Gore did to which everyone cheered. 

The gore challenge was over hanging chads, which don't exist now, on a recount. Trump's challenges now are to halt counting of votes in states where he is ahead, in case later votes cause him to lose the state, which could well happen.

It doesn't come as any surprise to me a Trump supporter would endorse electoral fraud. What does surprise me is how many Americans are still gulled by him.

[Eric Loh]

K

[robblok]

6 minutes ago, Lacessit said:

The gore challenge was over hanging chads, which don't exist now, on a recount. Trump's challenges now are to halt counting of votes in states where he is ahead, in case later votes cause him to lose the state, which could well happen.

It doesn't come as any surprise to me a Trump supporter would endorse electoral fraud. What does surprise me is how many Americans are still gulled by him.

Im actually also surprised by how popular the guy still is. It certainly makes me question a large part of the US voters. 

 

Not saying Biden is a star but anything better then Trump lying and cheating all the time. 

[Sujo]

A large betting agency in australia.has already paid out on a biden victory.

[Phoenix Rising]

OK, I'm gonna call it:

[ballpoint]

Trump is treating the election exactly as he does the Covid crisis.  Rather than exercise care and restraint for the good of the country, charge out and declare it all over, with him the winner, long before the final tally is counted.  Presidential to the end.

[welovesundaysatspace]

17 minutes ago, robblok said:

Im actually also surprised by how popular the guy still is. It certainly makes me question a large part of the US voters. 

The glamour of Silicon Valley, Ivy League and Wall Street is just a nice facade. In reality, the US is a broken banana republic where large parts of the population are such <deleted> poor,  uneducated losers that they vote for dumbest and most corrupt piece of human on the ballot paper. Think about it, this is not the case of some remote village where only one person is on the ballot or no free elections are being held. They actually had a choice, and almost 70 million voted for a corrupt racist who’s barely fit to run a Hot Dog stand. At this point, I’m not sure whether I should be sad or laugh about those trailer park boys. 

[RocketDog]

5 hours ago, bartender100 said:

Looks like Trump is toast

Did you have to say that when I was having toast and eggs for breakfast? 

[Lacessit]

28 minutes ago, RocketDog said:

Did you have to say that when I was having toast and eggs for breakfast? 

Some posters have no sensitivity. However, you can't expect everyone on TV to be mind readers either.

[onthedarkside]

Baiting posts aimed at other forum members have been removed.

 

[bronzedude]

When Trump loses the election, he can always move to North Korea, where he has a good buddy. Or Maybe move to the Trump Tower in Moscow, where his other good friend can protect his ass.

[Andy from Kent]

10 hours ago, Mama Noodle said:

 

As he should, just like Gore did to which everyone cheered. 

 

I looked it up to verify you're posting nonsense,  Mama.      Why do that?

 

From The Intercept:   https://theintercept.com/2018/11/10/democrats-should-remember-al-gore-won-florida-in-2000-but-lost-the-presidency-with-a-preemptive-surrender/

 

"First, we know that Gore won Florida in 2000. If a full, fair statewide recount had taken place, he would have become president.

Second, Gore lost largely because, unlike Bush, he refused to fight with all the tools available to him."

[placeholder]

7 hours ago, Andy from Kent said:

 

I looked it up to verify you're posting nonsense,  Mama.      Why do that?

 

From The Intercept:   https://theintercept.com/2018/11/10/democrats-should-remember-al-gore-won-florida-in-2000-but-lost-the-presidency-with-a-preemptive-surrender/

 

"First, we know that Gore won Florida in 2000. If a full, fair statewide recount had taken place, he would have become president.

Second, Gore lost largely because, unlike Bush, he refused to fight with all the tools available to him."

Don't think that the author envisioned screeching fraud accusations as one of those tools.