Betfair has estimated that bets on the November 3 US elections could reach half a billion dollars.
US.- As the US goes to the polls tomorrow, the vote has already set a new record for the amount bet on the results of a US election.
The 2020 US elections have become the biggest betting event on the Betfair exchange, according to the UK-based online betting and gaming company.
Betfair says that 6,700 bets worth $4.83m have been placed on Trump and 5,250, totalling $4.7m, on Biden. The odds currently give Biden a 66 per cent chance of winning.
Sam Rosbottom, a spokesman for Betfair, said that total wagers on the elections could reach half a billion dollars.
He said: “Interest is at fever pitch levels and it should continue at this rate until polling day.”
Matthew Shaddick, head of political betting at sports betting and gambling giant GVC, said: “This is a huge market. It is twice as big as 2016, easily making it the biggest political event ever.”
The previous record for the amount bet on a US election was £199m, set at the last elections in 2016.