Bookies have slashed the odds on Donald Trump winning the Presidential Election to the lowest they’ve been since July.
Betfair has now said Trump’s odds are 4/9 to win, with Kamala Harris ranking at 11/4 – the same Joe Biden had when Trump won Florida, before Biden secured victory the day after.
An astonishing £2,000,000 has been wagered within the last ten minutes, betting bosses said, with more expected to come.
Betfair Spokesperson Sam Rosbottom said: ‘The first big shift of the night has happened and it’s heavily in favour of Donald Trump who’s odds have been slashed to their lowest since July.
‘He is now 4/9 to win the election, giving him a 68% chance. Kamala Harris is now out to 11/4, the same odds Joe Biden was when Trump won Florida overnight before the Democrat came back to win.’
Oddschecker, a separate betting website, put Trump at a 4/7 chance of winning and Harris at 3/1.
Some states still have hours to go before their polls close and the votes can be counted, but much of the east coast has been called.
The pair are battling to the wire but so far, things are going as expected. Vermont to Harris and Kentucky and Indiana to Trump.
Often a clear winner is known within hours of the polls closing but it can also take days – even weeks – for an official tally to be released, as each state is left to carry out their counting procedures.
But given America is so large (Alaska and Hawaii still have voters turning up late due to the time difference) the official results won’t be available for a while.
It’s often known who has won the election by the next morning but it can also take a few days.
This is because candidates must pass the 270 electoral college votes required to win, which can take longer to achieve in a close race.
And even then, results may not be finalised for weeks – or even months.
This was the case in the last US election, in 2020, when Biden wasn’t able to declare victory until November 7, four days after election day and after he won key swing state Pennsylvania.
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