Cloudbet, a leading Bitcoin based sportsbook and casino, recently announced results from the final presidential debate. Through the platforms politics offering, Cloudbet has been tracking the upcoming election closely. Based on betting activity following the debate, the odds of a trump election went up immediately. What do the odds now look like for both Trump and Biden going into the final stretch?
Cloudbet, a pioneer in crypto gambling, has been tracking the 2020 presidential run through election-based bets on their platform. Aside from offering a sportsbook and popular casino games like bitcoin slots, and blackjack, Cloudbet also operates a comprehensive politics offering. Gamblers can leverage cryptocurrency to place bets on an outright winner, or they can bet on a state by state basis. In addition to Bitcoin, the betting platform supports ETH, BCH, USDT, USDC, and PAX Gold.
Trump Vs Biden Betting
Following the final debate last week, Cloudbet reported that Trump won additional support from the public based on betting activity. Sentiment for Trump continues to go up, with Cloudbet stating that:
In the past 7 days, 94% of the value of election-related bets at Cloudbet has been on the current president.
Despite Trump appearing to make up some ground over the last week, Biden is still favored. Based on data from Cloudbet, the odds of a Trump presidency improved to 2.6 ( 160 ) right after the final debate. This means that Trump essentially has a 38.5% chance of being elected. With Biden’s odds drifting to 1.54 ( -185 ), he still has around a 65.36% chance of being elected.
Will Trump Do It Again?
As we inch closer to elections, we have a scenario similar to 2016. Nobody will ever forget the upset Trump had over Clinton.
Due to leading national polls in a majority of the battleground states, Clinton was highly favored to win. When it was all said and done, Trump ended up notching wins in the four largest battleground states of North Carolina, Florida, Ohio, and Pennsylvania. With COVID-19 fundamentally changing the way Americans vote this time around, there is a lot of uncertainty going into the final stretch.
VP Biden seems to be losing steam based on alleged foreign business deals. Despite this providing Trump with much needed fuel over the last week, the issues are a fraction of what Clinton was dealing with in 2016. Voters essentially had 18 months to decide whether or not Clinton’s actions regarding private-email servers would be enough to alter their vote. The current allegations with Biden are much newer, and provide significantly less evidence.
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