Cloudbet sees bettors back Trump

Thousands of dollars were bet on President Trump following the debate, driving strong interest in the upcoming presidential elections.

The stronger betting results in Trump's favour were explained with a more articulate performance during the debate, as well as the President's constant assault on Biden's family, stipulating that the Democratic candidate's son, Hunter, had used political connections to secure an executive position at a Ukrainian gas giant.

This aside, following the debate, Trump's odds improved to 2.6 with POTUS now looking at a slim 38.5% chance to win, but still edging up the mark. Prior to the debate, his chance was posted at around 36% according to official data.

Interestingly, though, the sportsbook reported that 10% of its US bets were driven by wagers on Trump, posting an interesting outlook about the upcoming elections, and seeing public opinion rally behind the president.

In fact, 94% of all bets placed on the president race in the week leading up to October 23 were placed on Trump winning his re-election, Cloudbet reported.

Sports and political bettors still expect a repeat of the 2016 situation, when then-presidential candidate Hilary Clinton was heavily favoured in the odds, but Trump ended up pulling ahead and winning the Electoral College vote.

Cloudbet has made sure to track all these changes and developments over the past weeks to ensure that the odds accurately reflect both candidates' real chances of success.

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Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.

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