Biden Vs Trump: What Are Markets Telling Us?

Gamblers will bet on anything, and even though the 2020 election hasn’t been officially certified, they are already turning to the 2024 race, and the signs are clear that many expect President Trump to make another bid.

Betting markets watched by OddsChecker show the president far ahead of Joe Biden.

“Since 4th November, activity on the market has been steadily increasing and a huge share of those bets have gone in favor of the 45th president to return as the 47th president,” said the analysis from the London-based site.

The latest breakdown shows that 45.8% of all the wagers placed have been on Trump, making him the most popular bet by far. Biden accounts for just 11.13%, and he’s trailing Vice President-elect Kamala Harris, in second at 12.96%.

Despite Trump’s popularity with gamblers, Harris has the shortest odds, meaning that oddsmakers think she’s the likeliest winner and therefore the favorite with oddsmakers.

Trump has been telling insiders that he will run in 2024 if he lost the election, drawn out by Trump campaign court fights. Most media outlets have declared Biden the winner.

Should he run, Republicans expect him to dominate the race and force out other likely challengers.

If he doesn’t run, there have been indications that Secretary of State Mike Pompeo, Vice President Mike Pence, and Trump’s children, Ivanka and Donald Jr., would get in.

Gamblers are already wagering on Pence and Ivanka Trump. She has won 3.4% and Pence 3.19%.

OddsChecker spokesman Pete Watt told Secrets, “The president may have lost the election but the popular vote showed that he still has tens of millions of supporters, and it seems that bettors still believe in his cause as well. Clearly they think that odds of +700 — meaning $10 would return a profit of $70 if Trump roars back in 2024 — are too enticing to turn down having seen just how determined, passionate and energized the president was in both his 2016 and 2020 campaigns.”

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