Current Presidential Election Gambling Odds [UPDATE]

We are finally in the home stretch of the presidential election between Donald Trump and Joe Biden, and we are going to be taking a look at how the gambling odds adjust into the evening. Gambling on politics is not legal in the United States yet. However, Paddy Power, a UK book owned by Flutter, which also owns FanDuel, a partner of OutKick, has the following odds (as of 10:45 am ET on Nov. 6th):

Joe Biden: -4000
Donald Trump: +1000

This means you risk $4,000 to win $100 on Biden and risk $100 to win $1,000 on President Trump. President Trump went from being a big underdog to being a big favorite back to being a big underdog in a series of wild flips. The distance has grown more in Biden’s direction throughout the day on Wednesday, November 4th.

Here is what is has looked like throughout the day (times are pm ET, except midnight):

Tuesday

2:45 pm – Biden 2/5, Trump 2/1
5:45 pm – Biden 2/5, Trump 2/1
8:00 pm – Biden 4/5, Trump 1/1
9:35 pm – Biden 17/10, Trump 3/10
10:00 pm – Biden 13/5, Trump 1/4
10:30 pm – Biden 15/8, Trump 4/9
11:00 pm – Biden 21/10, Trump 1/3
11:30 pm – Biden 6/5, Trump 4/6

Wednesday

12:00 am – Biden 6/5, Trump 4/6
7:40 am – Biden 1/4, Trump 3/1
10:50 am – Biden 1/5, Trump 7/2
4:25 pm – Biden 1/7, Trump 9/2

Thursday

10:00 am – Biden 1/8, Trump 11/2
4:05 pm – Biden 1/16, Trump 8/1

Friday:

10:45 am – Biden 1/40, Trump 10/1

President Trump picked up considerable steam throughout the day on Tuesday, especially in the later hours, mirroring the 2016 race. There was a point where President Trump got even higher than the -400 — upwards of -600 or -700 even — where he was at 10:00 pm. However, that momentum receded as Joe Biden was called to win Arizona by Fox News and gained a narrow lead in Wisconsin.

Currently, Biden is the overwhelming favorite.