This post was originally published on this site
Democratic presidential candidate Joe Biden in Wilmington, Del.
Brendan Smialowski/Agence France-Presse/Getty Images
With the 2020 presidential election just 20 days away, Joe Biden’s chances of winning the presidency have never been better, according to the U.K. exchange Betfair.
As of Oct. 14, former Vice President Biden’s betting odds to win the election carry an implied probability of 74%. President Trump’s odds to serve another term have an implied probability of 33%, according to Betfair.
Implied probability is the conversion of betting odds into a traditional percentage to show how likely something is to happen.
Here is how those odds have changed over time:
Biden has led Trump in most national and swing-state polls in recent months, according to data compiled by RealClearPolitics.
Biden was first made a favorite over Trump on Betfair’s exchange in June.
Trump’s worsening odds come in the wake of his diagnosis with COVID-19 and amid confirmation hearings for Supreme Court nominee Amy Coney Barrett and stalled fiscal stimulus talks with Congress.
