election “is taking over my life.” Trump vs. election betting could be even bigger.įor Pat Murrow, an oddsmaker at Bovada, an offshore sportsbook based in Antigua, the U.S.

It’s double what the whole state did for the Super Bowl, and it’s only going to go up.”Īt the Westgate, the biggest single betting day, like every U.S. “It makes me wish we could get our hands on some of that handle,” says Murray. John Murray, the sportsbook director at the Westgate in Las Vegas, says a $300 million handle is “staggering.” This means American sportsbooks are sitting on the sidelines, watching as all the action goes offshore. In the U.S., no legal sportsbooks offer lines on the U.S. “We saw this same scenario plating out in 2016,” says Mason. Over the last three days, a surge of bets has been placed on Trump to win. In 2016, the “books took a bath,” says Dave Mason, BetOnline’s sportsbook manager. When Trump defeated Clinton most offshore books lost money. If the election were called today and Trump won, BetOnline would lose millions of dollars, the company said. The company says that Biden is the slight favorite at 54%. Biden is a -180 favorite, so if you bet $180 you win $100. Trump is a +160 underdog, meaning if you bet $100 you win $160. It has captured the public attention like nothing else,” says Rosbottom.Ĭurrently, Betfair’s odds favor Joe Biden at 66% while President Trump, the incumbent, is the underdog again with a 34% chance.Īt BetOnline, an offshore operation in Panama, just over 70% of the money wagered is on Trump to win. “This market is so significant-the size is huge. Conor McGregor attracted $66 million, and the World Cup final match attracted $36 million. The Brexit referendum brought in $146 million, Floyd Mayweather vs. After the 2020 election, the 2016 election’s $257 million handle is the second-largest. Election has attracted more money than any other event in its 20-year history, says Rosbottom. LightRocket via Getty Imagesīut at Betfair, the 2020 U.S. Bettors laid out 7.2 billion euros during the final match between Croatia and France during the 2018 FIFA World Cup. The World Cup is estimating to be the biggest betting event in the world.

Us election betting