More than $260 million wagered in bets on 2020 election results

by Jordyn Pair · Oct 30th, 2020 10:41 am

Last Updated Oct 30th, 2020 at 11:11 pm

The 2020 election is now "the most bet-on event in history," according to British oddsmaker Pete Watt, having pulled in $260 million in wagers.

Watt, spokesperson for OddsCheckerUS, told Mediaite founder Dan Abrams on his radio show on Wednesday that the betting pool for the election had passed that of the 2016 election earlier this month.

"The 2020 election is the most bet-on event in history," Watt said. "There's been over $260 million laid down. Again, for scale that exceeds what was wagered on the last Super Bowl, Kentucky Derby, NBA Finals, and the Mayweather-MacGregor fight put together. It's absolutely remarkable given that betting activity is only going to increase with just five days still to go. With such a huge amount already laid down, it would take a monumental bet or a monumental series of bets to shake up these odds with just over 100 hours to go."

Watt said current odds for President Trump winning were at +188, meaning a $10 wager on a Trump reelection would pay out $28.80 if he wins. Biden's odds were at -190.


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