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US Election betting - Punter places record £1million bet on Joe Biden to win Presidential Election

  • Punter places £1MILLION wager on Joe Biden to win 2020 US Election
  • Wager is largest political bet in history on the Betfair Exchange
  • Biden favourite to be next POTUS
Joe Biden (Photo by JIM WATSON/AFP via Getty Images)

With less than 24 hours until the 2020 US Election, Betfair have reported the biggest ever political bet being placed, with one punter placing a whopping £1MILLION on Joe Biden to become President.

The individual staked £1,000,000 on Biden winning the US Election at odds of 1.54. If successful, he or she will receive returns of £1.54m.

Betfair spokesman Sam Rosbottom said on Monday night: "The (£1m) bet is the biggest political bet of all time on the Betfair Exchange and returns a handsome £1,540,000 if Biden wins the keys to the White House.

"The 2016 US election's record for being the biggest single betting event of all time was broken by last week and the £271m bet on the 2020 election means it remains on-course to hit £400m."

At time of writing, Biden is the clear favourite to be named Next POTUS and can be backed at 1.52 on Betfair, with Trump 2.88 ahead of Election Day.

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