\n
At 8 pm ET on Betfair, Biden was the favorite at -125, with Trump at +120. Just 20 minutes later, Trump became the -286 favorite to Biden\u2019s +290. Meanwhile, Smarkets, which had Biden with an implied probability of 63.7 percent at 7:30 pm ET, had Trump with implied odds of 63.7 percent by 9:30 pm.<\/p>\n<\/div>\n
Interestingly, as of 4:10 am, Smarkets, which has taken $21.5 million in action, still has Trump as the -213 favorite to Biden\u2019s +225. But Smarkets projects Biden to win 271 electoral votes. Betfair, which reported a handle of $534.8 million, lists Trump at -244 and Biden at +250.<\/p>\n
Other sportsbooks of note have Trump a slightly heavier favorite. Ladbrokes lists Trump currently at -275, with Biden at +200. 888Sport has Trump -278 to Biden\u2019s +220.<\/p>\n
UPDATE (11\/4 5:20 am ET) – The sportsbooks have seen the odds shift once again. Biden has now reclaimed favorite status at Ladbrokes, Betfair, and Smarkets. Both candidates have -114 odds at 888Sport.<\/strong><\/p>\nPredictIt Crashes as Election Results Pour In<\/h2>\n
While the European markets were turning upside down, one of the few legal options available to traders in the States was down during what should have been peak trading hours.<\/p>\n
\u201cPredictIt staff are working diligently to repair an issue and bring service back as soon as possible,\u201d <\/strong>PredictIt posted on its Twitter page just before 8:30 pm. \u201cWe appreciate your patience and understanding.\u201d<\/strong><\/p>\nSuffice it to say, in the responses, few showed patience or understanding, as they missed out on chances to cash in on the gains they made with President Trump. Others could not cut losses or take advantage of an opportunity as Biden\u2019s stock lost 31 cents in an hour.<\/p>\n
In Twitter speak, PredictIt’s explanation got “ratioed,” which happens when responses to a tweet far outnumber retweets. The 500 comments to 60 retweets indicates users were highly critical of PredictIt’s performance.<\/p>\n
“So glad I took out thousands in positions to flip tonight that will be worthless by the time the servers come back up,”<\/strong> tweeted Mullgen in response.<\/p>\nTrump is currently trading at 72 cents, with trading reopening at 5 am ET after PredictIt performs site maintenance. Biden is trading at 30 cents.<\/p>\n
UPDATE (11\/4 5:20 am ET) – As trading reopened, similar movements took place on PredictIt as what happened in Europe. Biden went from 30 cents to more than double that in a span of minutes.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"One long night down. Who knows how many to go? The outcome of the 2020 Presidential Election still is unclear, as neither Democratic former Vice President Joe Biden nor Republican President Donald Trump reached the 270 Electoral College votes necessary to claim victory on Tuesday. As of 3:15 am ET Wednesday morning, The New York […]<\/p>\n","protected":false},"author":45,"featured_media":154313,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20,61],"tags":[],"acf":[],"yoast_head":"\n
President Trump Now Favorite to Beat Biden as Election Shifts<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n