A $1.3 Million Bet on Joe Biden Was Placed This Week

Candidate Joe Biden

We’re now less than 24 hours away from election day. It’s without a doubt the most polarizing presidential election in recent history. As many are aware of, it’s also one of the most-wagered-on events of all-time. New reports have just surfaced that a $1.3 million bet on Joe Biden was placed this week.

The oddsmakers have Biden listed as the favorite heading into election day. It’s still a close race, though, and anything can happen. Today, we’ll take a look at each candidate’s chances of winning tomorrow.

Let’s get into it!

The 2020 US Presidential Election is Breaking Betting Records

There’s no doubt that this year’s election is one for the history books. Political analysts around the country are trying to predict how things will play out. Much of the focus centers around a few key states that could decide the results.

A record-number of votes have already been placed on this year’s election. Interestingly, there has been a record-high number of bets placed on the election, too. Sports betting companies around the world are reporting massive surges in betting handle on the election.

Bettors can wager on more than just who will become president. Some sites like BetOnline are also allowing their members to place wagers on things like individual state electoral votes. These types of wagers have grown very popular as the election draws closer.

It’s an interesting time in American politics, to say the least. There are a huge number of people now placing massive wagers on which candidate will become the 59th President of the United States. Some sites are seeing the largest-ever bets on an election being made right now.

One UK-based gambling company has just announced a massive wager placed on candidate Joe Biden.

UK Gambling Company Receives a $1.3 Million Bet on Joe Biden

The UK is home to some of the largest gambling companies in the world. Even here, there has been an incredibly large number of wagers being placed on the presidential election. It goes to show how many people around the world are interested in what takes place.

Betfair, one of the UK’s top gambling operators, just announced that it received a £1 million ($1.3 million) bet on Joe Biden to win. It’s the largest political bet the company has ever received. If the wager was to win, this bettor would earn an impressive £540,000 ($696,170) in cash.

This is certainly risky. Donald Trump was listed as an even larger underdog heading into the 2016 election. To the surprise of nearly everyone, he earned the 270 necessary electoral votes needed to become president. Many feel he’s set to pull off another upset in 2020.

This is one of many high-roller wagers placed on this year’s election. We’ll probably begin hearing more about them over the next few hours. The timetable left to bet on the 2020 election is about to run out.

Do you plan to bet on the election? There’s still time right now. Let’s take a look at some of the last-minute odds being offered right now.

Last-Minute Odds Available on the 2020 Election

The popularity of political betting is more popular now than ever before. There are a huge number of fantastic online betting sites now available in almost every single state. When it comes to political betting, we love BetOnline.

This site has grown to become one of the most popular online gambling websites in the country. It’s known for offering safe payment options, a modern design, and more betting options for this year’s election than any other site. There are some fantastic odds still available on the election!

Most are simply choosing to bet on which candidate wins the presidency. For now, BetOnline lists Joe Biden as the -185 favorite. He seems to be ahead in several key battleground states.

Donald Trump is listed as the +165 underdog heading into this election. There are some signs that he’s coming back in a few states. It’s all speculation for now, though, and he’ll remain the underdog until the results come out.

As we mentioned earlier, there are also some great odds on how each state votes, as well. Several states critical to both candidates are very close in the polls right now. Wagers on these states could pay off massively.

Are you surprised to see this massive bet on Joe Biden? Do you plan to wager on the election? Let us know in the comments section below!