There an insanely large amount of people dropping wagers on the outcome of next Tuesday’s election between Joe Biden and Donald Trump. It’s so huge that more people have actually wagered more money on it than the Super Bowl, which is usually the most wagered sporting event every year.
Americans aren’t the only ones obsessed with next Tuesday’s vote as CNN explained that British bettors are wagering record amount of money on the US presidential election, dwarfing the amount wagered on any sporting event or even their own nation’s politics.
“As of Wednesday morning, £220 million, or about $284 million, had already been wagered on the Betfair Exchange, said Darren Hughes, a spokesman for Betfair. The London-based company operates the world’s largest online betting exchange.
The amount of money wagered on this year’s US election already tops the previous record of the £199 million bet on the Trump-Clinton race four years ago. The greatest bet on any UK election was the £113 million on the 2016 Brexit vote.
Betfair is predicting the amount wagered for the US election will ultimately top £400 million.”
The report goes on to state that the amount wagered on the US election is more than the combined wagering on Betfair for the four most bet-upon sporting events: the 2017 Floyd Mayweather Jr. vs. Conor McGregor boxing match, the 2018 World Cup, the 2019 Grand National horse race and the 2020 Super Bowl.
Here are the political betting odds for the 2020 US Presidential Election, via Covers: