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US Election betting - Punter places £500,000 bet on Joe Biden to win Presidential Election

  • UK punter places £500k wager on Joe Biden to win 2020 US Election
  • Wager is largest Election bet to date on the Betfair Exchange
  • Biden favourite to be next POTUS
Joe Biden (Photo by JIM WATSON/AFP via Getty Images)
A Betfair customer has placed a £500,000 bet on Joe Biden winning the 2020 US Presidential Election - the largest wager placed on the US Election to date.

The individual staked £500,000 on Joe Biden winning the US Election at odds of 1.53. If successful, he or she will receive returns of £775,000.

Betfair said the punter was based in the UK.

At time of writing, Biden is the clear favourite to be named Next POTUS, although Betfair have seen more money for Donald Trump overally - £83million at time of writing compared to £74m wagered on the former VP.

However, the Top 10 biggest bets placed on the Betfair exchange have all been for Biden.

Betfair spokesperson Sam Rosbottom said on Friday: "A customer has just placed a record-breaking £500k bet on Joe Biden on Betfair Exchange at 1.53, breaking records for this campaign.

"The wager is the latest significant stake on a Biden win and as far as one political bettor is concerned at least, the Democrat challenger has never been in a stronger position for victory."

The US Election takes place on November 3rd.

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