The latest US election odds make Joe Biden clear favourite to win but Donald Trump is still getting more bets on the Exchange reports Max Liu...
"Trump is 1.434/9 to win Texas with Biden 3.211/5. But polling suggests it's closer and one survey, for Dallas Morning News/University of Texas at Tyler, puts Biden ahead by three."
The odds say he's in the fight of his life to save his presidency but Donald Trump is still attracting more bets on the Exchange than Joe Biden.
Biden is 1.51/2 to win the presidency in eight days' time - a 67% chance - but more money is coming Trump's way on Betfair Exchange.
Over the weekend, Trump attracted 6,700 bets totalling £3.7m while 5,250 bets were placed on Biden that came to £3.6m.
The 10 biggest bets placed on the outcome of the election are all on Biden, including a £500,000 stake placed on Friday that will return £775,000 if he wins.
Betfair spokesperson Sam Rosbottom explained: "Bigger bets are coming Biden's way but more people think Trump will provide a repeat of his victory in 2016."
It's the kind of thing Trump would love to hear and brag about at his rallies, as it proves that, on the Exchange at least, he really is a man of the people.
The reality, however, is that with just over a week until election day Trump is making few inroads into Biden's lead - in the polls and the betting.
Paul Krishnamurty says in today's bet of the day that a Biden landslide is underrated.
Monday's #Election2020 Thread? Betfair Exchange (@BetfairExchange) October 26, 2020
With just eight days remaining, our odds imply Biden has a 2 in 3 chance of becoming the next president.
Check back throughout the day for latest market moves, breaking news and polls. pic.twitter.com/I3JANDzN2R
Our expert has long argued that the Democrat could win handsomely on 3 November and that view has been bolstered by polling over the weekend that indicated Biden may be able to pull off a rare win for his party in Texas.
Trump won Texas by nine points in 2016 and the state has been Republican at presidential elections since 1980. That might be why Trump is 1.434/9 to win there this time with Biden 3.211/5. Polling suggests it's closer and one survey, for Dallas Morning News/University of Texas at Tyler, puts Biden ahead by three.