Australian bookmakers have swung the odds in favour of Donald Trump to retain the presidency, placing him as favourite for the first time since the race began.
As of 1.45pm (AEDT) the TAB had Donald Trump as favourite paying out $1.50 compared to Joe Biden winning the presidency at $2.65.
Yesterday the same bookmaker had the odds reversed, with Donald Trump paying $2.70 to win.
FOLLOW LIVE: Votes roll in as presidential race tightens
https://twitter.com/TimArvier9/status/1323817817880158209https://twitter.com/tabcomau/status/1323816459949150208https://twitter.com/sportsbetcomau/status/1323816396665466880It's a similar story across a number of wagering companies favoured by Australians.
Sportsbet – at the same time – had $1.28 for Trump winning compared to $3.75 Biden.
Newcomer to the Aussie market neds had Donald Trump winning at $1.36 compared to $3 flat for Biden.
READ MORE: What are the odds of Trump winning? What about Biden?
Betting odds are calculated based on a number of variables, from complex probability algorithms to huge rushes of late money and even in some cases, sheer emotion.
Like any business, the odds are designed to entice people into placing a wager with any particular bookmaker.
The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.
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