Trump’s winning odds reach new peak, leading Biden by 19 points

The odds that former President Donald Trump will win back the White House have increased to a record high of 58%, according to political oddsmaker SportsHandle.

Its latest election odds tracker of overseas betting on the race shows President Joe Biden trailing badly. His odds of winning reelection are just 39%.

The site said that at 58.6%, Trump’s winning odds are the highest he has seen. What’s more, the site showed that Trump has maintained a lead since last October.

In an analysis provided to Secrets, SportsHandle said, “Even in the aftermath of Donald Trump’s historic criminal trial, his chances of winning the election continue to grow.”

The news, however, is worsening for Biden. The analysis said, “Biden, on the other hand, saw his numbers dip down to 39.1%, his lowest since mid-March. The current president’s numbers have been moving the wrong way since late April, a concerning trend for him as the election gets closer and closer.”

The betting site also looked at the race to be Trump’s running mate. It found that Gov. Doug Burgum (R-ND) is the leading choice, followed by Sen. Tim Scott (R-SC).

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“The governor of North Dakota has become a hot name as Trump’s potential running mate this year. He currently has the best odds of any candidate at 21.57%, up 7 points from last week. Senator Tim Scott is currently in second with an 18.33% chance, his second-lowest mark since we began tracking in March. Burgum and Scott have gone back and forth as the favorite to join the ticket in recent weeks, but the North Dakotan’s three-point lead is the largest either has held over the other since Burgum became seen as a legitimate candidate in early May,” the analysis said.

In past elections, betting sites have been as reliable as traditional polls in predicting elections. Advocates say that betting sites are more up-to-date and factor in change faster. Still, betting on elections remains illegal in the United States, though it is very popular in Europe.