Home » World » LIVE | Betting Sites Now Give Trump Biggest Odds of Winning | Abroad

LIVE | Betting Sites Now Give Trump Biggest Odds of Winning | Abroad

Trump now has a 71% chance of winning, up from 32% earlier, according to the betting website Betfair, Bloomberg news agency reports. The incumbent president is now also the leader at Unibet. Pollers and investors have long assumed a (simple) victory for challenger Biden, but now the tide seems to be turning for the Democrat. For every euro at Unibet on Biden you get 2.25 euros in return, while for Trump that is only 1.65 euros.

Meanwhile, the legal battle for the ballot box results has already begun. Trump’s campaign team has filed a lawsuit to stop vote counting in Clark County, Nevada’s largest district, which also includes the city of Las Vegas. There is disagreement about the accuracy of technology used to verify signatures and the access of election observers, some of whom argue that they are kept away from polling stations.

A suburban district near Philadelphia, Pennsylvania, is also being charged for allegedly having started counting postal votes before it was allowed. It concerns the Montgomery County district, which is expected to vote predominantly for the Democrats. Pennsylvania is considered a pivotal state in the struggle for the presidency.

Chicken fingers

For the time being, Trump is awaiting the results in the White House, in the presence of family, chief of staff Mark Meadows, part of his cabinet and some backers. According to sources from Bloomberg news agency, there are small burgers on this results evening (skewers), fried chicken fingers (chicken tenders), fries and ‘a variety of desserts’ on the menu.

Trump is known for his love of fast food. When a federal government shutdown also stopped working the White House kitchen, he ordered McDonald’s burgers for American football players who came to visit.

More news:

Financial news:

  • The main indicator of the New York stock exchange made major movements in the two hours after the first ballot boxes closed, but has slowed down since then. Futures on this S&P 500 drop slightly below zero (-0.5%) and the dollar is strengthening as gambling markets tip Trump as the ultimate victor and at least Florida looks set to win. Wall Street closed much higher on election day in the expectation that Biden would score a simple victory. Investors hope that once in the White House, the Democrat will drive up government spending significantly – which in turn is good for business.
  • The Nasdaq tech index is winning, which is a sign that investors are looking for a ‘safe haven’, Bloomberg analysts say. Stocks like Apple, Amazon and Facebook will always rise over time, is the idea, and so those companies are good investments in uncertain times.
  • The gold price has lost some, but is still high. A troy ounce – the standard measure for the precious metal – now costs just under $ 1,900. Gold is regarded as ‘congealed distrust’: investors stock up on the precious metal in case the elections turn into a deadlock, uncertainty and a heavy blow to the stocks – then they always have the gold.
  • The stock markets have already opened in Asia. The Nikkei index, the main indicator on the Tokyo stock exchange, stands at 1.4% gain. The Hang Seng index in Hong Kong also wins.
  • Our columnists look ahead to the election results. Read here, among other things, the contributions of Rabobank economist Teeuwe Mevissen, Jaap van Duijn in Jan Maarten Slagter.

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