With the winner now called in all 50 states, Biden will end up winning the White House with 306 electoral votes, just shy of betting markets’ 310-vote projection.īetting odds appeared to provide a more realistic reflection of the dynamics in states like Florida, which Trump won handily despite many polls giving Biden an edge going into the election.
Those same betting odds forecasted that Biden would win the election with 310 electoral college votes, according to US-Bookies, despite some polls predicting a momentous landslide that would have given Biden as many as 350 electoral votes. Biden surprised many observers-and most polls-by beating Donald Trump in the Peach State by roughly 14,000 votes, becoming the first Democrat since 1992 to carry Georgia. And now that the contest is all over bar the shouting, some betting market players are noting that they were able to call the race more accurately than the polls did.Īccording to online betting website, the odds-on betting favorite won 49 of the 50 states up for grabs in the election, with Georgia being the only exception. Betting markets had a big election season, with international bookmakers seeing record amounts of wagering on the 2020 race and an unprecedented interest in betting odds as a means of forecasting the election’s result.
