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£500,000 bet on Biden sets Betfair Exchange record</h1> <ul class="entry_header__meta"> <li><a href="https://betting.betfair.com/authors/joe-dyer/">Joe Dyer</a></li> <li><time datetime="2020-10-23">23 October 2020</time></li> </ul> <script type="application/ld+json"> { "@context": "http://schema.org", "@type": "NewsArticle", "headline": "US Election: £500,000 bet on Biden sets Betfair Exchange record", "name": "US Election: £500,000 bet on Biden sets Betfair Exchange record", "description": "A UK Betfair customer today placed a £500,000 bet on Joe Biden winning the 2020 election to set a record for largest wager of the 2020 campaign", "url": "https://betting.betfair.com/politics/us-politics/us-election-odds-betting-500000-pounds-bet-placed-on-biden-sets-betfair-exchange-record-231020-205.html", "mainEntityOfPage": "https://betting.betfair.com/politics/us-politics/us-election-odds-betting-500000-pounds-bet-placed-on-biden-sets-betfair-exchange-record-231020-205.html", "datePublished": "2020-10-23T16:47:00+01:00", "dateModified": "2020-10-24T13:11:00+01:00", "articleBody": "A UK Betfair customer today placed a £500,000 bet on Joe Biden winning the 2020 election to set a record for largest wager of the 2020 campaign A UK-based Betfair Exchange customer has staked £500,000 on Joe Biden to win the 2020 US election at odds of [1.53]. Including the stake the bet returns £775,000. It is the biggest bet of the campaign so far in a market that is going to break all sorts of records. Once out in the wilds as a [100.0] shot during what was perceived to be a lacklustre campaign to win the Democrat nomination, Biden is now the clear favourite to be named Next President. Barack Obama's former vice president is [1.5] (66% implied probability) to defeat incumbent Donald Trump at the ballot next month. Trump can be backed at [2.98] (34% implied probability) to be re-elected. There's an interesting pattern to the way each candidate has been bet. The top 10 biggest bets are all for Biden as heavyweight political traders come out in force behind the Democrat winning. However, more total money has so far been bet on Trump (£83m) than Biden (£74m) Interest in the market, already massive at more than £100m, has snowballed in recent days with £9m bet in the last 24 hours - putting the election firmly on course to smash 2016 election's record to become the biggest betting event of all time. At the time of writing the market has seen more than £167m bet. Betfair spokesperson Sam Rosbottom said: "A customer has just placed a record-breaking £500k bet on Joe Biden on Betfair Exchange at [1.53], breaking records for this campaign. The wager is the latest significant stake on a Biden win and as far as one political bettor is concerned at least, the Democrat challenger has never been in a stronger position for victory."", "image":[ "https://betting.cdnppb.net/politics/af4ee9c42c539e522b4bcb02ef055431238c5009.728x410.jpg", "https://betting.cdnppb.net/politics/af4ee9c42c539e522b4bcb02ef055431238c5009.547x410.jpg", "https://betting.cdnppb.net/politics/af4ee9c42c539e522b4bcb02ef055431238c5009.410x410.jpg" ], "publisher": { "@type": "Organization", "name": "Betting.Betfair", "logo": { "@type": "ImageObject", "url": "https://betting.cdnppb.net/assets/img/betfairlogoblack.ea48b4e0.png" }, "url": "https://betting.betfair.com/" }, "author": { "@type": "Person", "name": "Joe Dyer", "url": "https://betting.betfair.com/authors/joe_dyer" } } </script> </header> <div class="two_column_layout"> <main class="entry_main"> <div class="entry_img"> <img src="//betting.cdnppb.net/politics/af4ee9c42c539e522b4bcb02ef055431238c5009.728x410.jpg" srcset="//betting.cdnppb.net/politics/af4ee9c42c539e522b4bcb02ef055431238c5009.450x253.jpg 450w, //betting.cdnppb.net/politics/af4ee9c42c539e522b4bcb02ef055431238c5009.600x338.jpg 600w, //betting.cdnppb.net/politics/af4ee9c42c539e522b4bcb02ef055431238c5009.728x410.jpg 728w" alt="Biden Harris campaign signs "> <figcaption class="entry_img__caption">Has our customer backed the winning team?</figcaption> </div> <div class="entry_actions"> <div> <a class="button button--dark" href="https://promos.betfair.com/promotion?promoCode=ACQZBGC01B10G30A&prod=90&rfr=2573">Join</a> </div> <div> </div> <div class="entry_actions__social entry_actions__social--twitter"> <a href="https://twitter.com/intent/tweet/?text=US%20Election%3A%20%C2%A3500%2C000%20bet%20on%20Biden%20sets%20Betfair%20Exchange%20record&url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2Fus-election-odds-betting-500000-pounds-bet-placed-on-biden-sets-betfair-exchange-record-231020-205.html" target="_blank" title="Twitter"><span class="sprite_icon sprite_icon--twitter">Twitter</span></a> </div> <div class="entry_actions__social entry_actions__social--facebook"> <a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2Fus-election-odds-betting-500000-pounds-bet-placed-on-biden-sets-betfair-exchange-record-231020-205.html" target="_blank" title="Facebook"><span class="sprite_icon sprite_icon--facebook">Facebook</span></a> </div> <div class="entry_actions__social entry_actions__social--reddit"> <a href="https://www.reddit.com/submit/?url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2Fus-election-odds-betting-500000-pounds-bet-placed-on-biden-sets-betfair-exchange-record-231020-205.html" target="_blank" title="Reddit"><span class="sprite_icon sprite_icon--reddit">Reddit</span></a> </div> <div class="entry_actions__social entry_actions__social--whatsapp"> <a href="https://api.whatsapp.com/send?text=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2Fus-election-odds-betting-500000-pounds-bet-placed-on-biden-sets-betfair-exchange-record-231020-205.html" target="_blank" title="WhatsApp"><span class="sprite_icon sprite_icon--whatsapp">WhatsApp</span></a> </div> <div class="entry_actions__social entry_actions__social--telegram"> <a href="https://t.me/share/url?url=https%3A%2F%2Fbetting.betfair.com%2Fpolitics%2Fus-politics%2Fus-election-odds-betting-500000-pounds-bet-placed-on-biden-sets-betfair-exchange-record-231020-205.html&text=US%20Election%3A%20%C2%A3500%2C000%20bet%20on%20Biden%20sets%20Betfair%20Exchange%20record" target="_blank" title="Telegram"><span class="sprite_icon sprite_icon--telegram">Telegram</span></a> </div> <div> <a class="button button--dark" href="#betslip">View the Betslip</a> </div> </div> <div class="entry_body has-odds"> <div class="entry_body__intro"><p>A UK Betfair customer today placed a £500,000 bet on Joe Biden winning the 2020 election to set a record for largest wager of the 2020 campaign</p></div> <div class="entry_body__quote"> <blockquote><p>"It is the biggest bet of the campaign so far in a market that is going to break all sorts of records."</p></blockquote> </div> <div class="entry_body__content"> <div class="editor"> <p>A UK-based Betfair Exchange customer has staked <strong>£500,000 </strong>on Joe Biden to win the 2020 US election at odds of <b class="inline_odds" title="8/15"><span class="inline_odds__main">1.53</span><span class="inline_odds__tooltip">8/15</span></b>. Including the stake the bet returns <strong>£775,000</strong>.<blockquote>It is the biggest bet of the campaign so far in a market that is going to break all sorts of records.</blockquote><p>Once out in the wilds as a <b class="inline_odds" title="99/1"><span class="inline_odds__main">100.0</span><span class="inline_odds__tooltip">99/1</span></b> shot during what was perceived to be a lacklustre campaign to win the Democrat nomination, Biden is now the<strong> clear favourite </strong>to be named Next President. </p><p>Barack Obama's <span>former vice president is <b class="inline_odds" title="1/2"><span class="inline_odds__main">1.5</span><span class="inline_odds__tooltip">1/2</span></b></span> (66% implied probability) to defeat incumbent Donald Trump at the ballot next month. Trump can be backed at <b class="inline_odds" title="2/1"><span class="inline_odds__main">2.98</span><span class="inline_odds__tooltip">2/1</span></b> (34% implied probability) to be re-elected.</p><p>There's an interesting pattern to the way each candidate has been bet.</p><blockquote>The top 10 biggest bets are all for Biden as heavyweight political traders come out in force behind the Democrat winning.</blockquote><p>However, more total money has so far been bet on Trump (£83m) than Biden (£74m)</p><p>Interest in the market, already <strong>massive </strong>at more than £100m, has snowballed in recent days with £9m bet in the last 24 hours - putting the election firmly on course to smash 2016 election's record to become the biggest betting event of all time.</p><p>At the time of writing the market has seen more than £167m bet. </p><p>Betfair spokesperson Sam Rosbottom said: "A customer has just placed a record-breaking £500k bet on Joe Biden on Betfair Exchange at <b class="inline_odds" title="8/15"><span class="inline_odds__main">1.53</span><span class="inline_odds__tooltip">8/15</span></b>, breaking records for this campaign. The wager is the latest significant stake on a Biden win and as far as one political bettor is concerned at least, the Democrat challenger has never been in a stronger position for victory."</p></p> </div> </div> <section class="betting_copy"> <div class="editor"> <h2 class="promo-name bf-sportsbook" data-qa="promo-name">Refer & Earn with Betfair</h2> <section class="promo__desc"> <div class="description "><header></header> <section class="promo__desc"> <div class="description"> <p><span>For each person you <strong>successfully refer </strong>to Betfair, we'll give you <strong>£10 in CASH</strong> when they stake £10 or more on the Sportsbook, Exchange or Casino. <a href="https://promos.betfair.com/promotion?promoCode=CACQRAEAUTOUKIE1">T&Cs apply.</a></span></p> </div> </section> </div> </section> </div> </section> <div id="betslip" class="entry_body__extras"> <script id="bet_row_tmpl" type="text/x-custom-template"> <tr class="${idx} bet-row"> <td><span class="betting__remove" data-idx="${idx}">Remove</span></td> <td> ${label} <input type="hidden" name="instructions[${idx}][selection_id]" value="${selection_id}"> <input type="hidden" name="instructions[${idx}][side]" value="${side}"> </td> <td> <input type="number" min="1.0" step="0.01" name="instructions[${idx}][price]" value="${price}" class="betting__price" required> </td> <td><input type="number" min="" name="instructions[${idx}][size]" placeholder="0" value="${size}" class="betting__stake" required></td> <td><span class="betting__profit">0.00</span></td> </tr> </script> <script id="liability_row_tmpl" type="text/x-custom-template"> <tr class="${idx} liability-row"> <td colspan="5"><strong>Liability:</strong> <span class="betting__liability">0.00</span></td> </tr> </script> <script id="sportsbook_bet_row_tmpl" type="text/x-custom-template"> <tr class="${idx} bet-row"> <td><span class="betting__remove" data-idx="${idx}">Remove</span></td> <td> ${label} <input type="hidden" 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