(Anjali Shreya, Intern Journalist): The picture of who will be the next President of America will be clear after the results, but this election has come as a big opportunity for the bookies. Companies involved in the sport say that the current US election is going to be the biggest betting event ever. The speculation about this election is that a player has betted a record of one million pounds on the victory of Joe Biden.
Matthew Shadick, head of politics betting at the Ladbrokes Coral Group, said that people are vying to win the US presidential election on Tuesday. It is estimated that the betting industry will bet around one billion pounds globally. The prospect of a weekend President Donald Trump’s victory in the US election increased slightly but Biden continued to be a favorite in the online betting market.
Speculators expect Biden’s win over the British exchange markets to be 65 percent, while prospects for the trump show an improvement of just one percent (34 to 35% chance). This is why a man-made a big claim on Biden of one million pounds or $ 1.3 million. The UK-based Internet Betfair Exchange said it was the largest speculation ever imposed.
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