🎙️ Voice is AI-generated. Inconsistencies may occur.
Donald Trump's chances of winning the presidency for another four years have improved by less than 1 percent in the last 24 hours, suggesting the president's campaign has stalled with less than a week to go until Election Day.
According to betting experts Oddschecker, which aggregates betting data from dozens of bookmakers, Trump's odds of victory on Thursday stood at 9-5. This, the comparison site said, implied a 35.71 percent chance of victory.
His Democratic opponent, Joe Biden, has odds of 11-20, an implied chance of 64.52 percent, Oddschecker said.
"In the past 24 hours Trump's odds have increased to the equivalent of just under 1 percent, with Biden's moving the same amount in the opposite direction," said Oddschecker spokesperson Pete Watt.
"This is the result of the continued trend of the majority of bets being placed on the president (2.3 times more on Trump than Biden this week), although there have been reports of some mammoth wagers backing the former vice president, some in the region of hundreds of thousands of dollars."
Trump has trailed both in polling and the betting markets in recent weeks, with GOP strategists pinning their hopes on a late surge for the incumbent president. Oddschecker data suggests that surge is yet to materialize with five days until November 3.
Elsewhere on the betting markets, leading U.K. bookmaker Betfair gave Trump and Biden odds of 15-8 (an implied chance of 35 percent, according to Betfair) and 8-15 (65 percent) respectively. The bookmaker reported small gains for the president, with odds shortening slightly, but still no decisive movement in Trump's favor.
Betfair spokesperson Darren Hughes said: "Trump's odds have steadily improved this week, from a high of just bigger than 2-1 (32 percent) to 15-8.
"Usually in a presidential race, the odds of the favourite, in this case Biden, would shorten considerably in the last few days of the campaign, but things are different when it comes to the Trump era it seems.
"While polling data suggests Biden has upwards of a 75 percent chance of victory, punters are wary of opposing Trump off the back of polls given what happened in 2016."
Biden has been the betting favorite to win the 2020 presidential election since May, a month-by-month analysis by Oddschecker shows.
At the start of the year, however, the former vice president's election odds implied he had just a 13 percent chance of occupying the White House.
