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Numerous British Bookmakers Settle Early on Biden’s Presidential Success

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As Joe Biden, the President-to-be, begins to assemble his team to take the reins of the nation, President Donald Trump is busy gathering his legal team to contest last week's election result. Winning required at least 270 electoral votes, and the Democrats took 290, securing 50.8% of the votes. While Trump's urgent legal maneuvers — centered on Pennsylvania, Michigan, Georgia, Nevada, and Wisconsin — might postpone Biden’s inauguration on January 20, many agree there was no major fraud in the electoral process, a stance even some defeated Republicans are acknowledging.

Most bookmakers As of now, betting firms across the UK and Ireland are actively paying out on Biden’s win. Over the weekend, BetFred emphatically declared via Twitter that “In Fred Done’s book, it’s over. I’m paying out on Joe Biden.” Similarly, BetVictor announced payouts, seeing any legal disputes as irrelevant. Major bookmakers like William Hill, Bet365, and BoyleSports followed suit, with Ladbrokes and Coral joining in early in the week.

Nevertheless, some betting companies remain hesitant about finalizing payouts, with representatives from certain firms expressing, “We need clarity on ongoing vote counts, recounts, and any legal challenges before settling these markets.” Betway shares this caution, with spokesperson Chad Yeomans explaining, “The ongoing global trade on this outcome gives valid reasons for not rushing to settle.” Betfair Should you have wagered a small amount on Biden’s triumph and your wagering company hasn’t made up their mind yet, take heart knowing you’re in good company. On October 29, a fellow gambler placed a million-pound bet via Betfair on Biden, with winnings of £540,000 still hanging in uncertainty. The wagering market on the presidential election has immensely thrived, with Betfair Exchange alone handling over £567 million, marking it as the biggest betting occasion in their history. Due to legal restrictions, many Americans could not bet on the election’s outcome, simply watching and envying global Biden fans who celebrate the conclusion.

Donald Trump, however, outrightly refuses to concede the election results, with many of his followers sharing the sentiment. Alongside allegations of election fraud, he hasn’t provided the customary concession to Biden, blocking access to essential federal resources for a seamless transition. Even as the majority of bookmakers render payments on Biden’s win, betting markets still see action regarding Trump’s prospects of maintaining power. His odds have climbed to a 12% chance internationally, while Biden’s probability has reduced to 87%. This climate of uncertainty from Trump’s vehement fraud claims even rattles some global leaders. Despite this, notable European heads such as Johnson, Merkel, and Macron have recognized Biden as the President-elect, whilst China has yet to make a straightforward confirmation, merely noting Biden’s likely victory. bookie Once everything is decisively settled, the dignified handover of authority can proceed, and both the American public and the global audience will likely offer a sigh of relief. However, attention is already turning towards Biden's capacity to serve a full term, given he will mark his 78th birthday this month. Speculation suggests the Vice-President elect, Kamala Harris, may be in the leadership spotlight sooner or later. As the first female Vice-President and one with African, Asian, and Caribbean heritage, 56-year-old attorney Harris makes history.

Currently, only two bookmakers are dealing in the market for the 2024 Presidential election, with both placing Kamala Harris as the preferred contender, with Skybet and another bookmaker giving identical odds of 7/2 for her potential presidency in 2024. While Skybet provides 5/1 odds for Joe Biden, it’s challenging to envision him running again at 82. Trump’s future remains ambiguous; if unsuccessful in reclaiming victory now, would he try again in four years? Despite being divisive, Trump rallied over 71 million Republican votes this cycle. Skybet marks odds of 10/1 for his potential 2024 victory but acknowledges the possibility of him retiring to business ventures and perhaps a golf course.

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Fact To File: A Deep Dive into the Anticipation Surrounding Ryanair Chase at Cheltenham 2025 William Hill The forthcoming 2025 Cheltenham Festival, occurring from March 11-14 across 28 exciting races, promises a critical face-off in the Ryanair Chase (3:20 PM, March 13)—will Fact...

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Here, we present our recommendations for the Ryanair Chase scheduled at 3:20 PM on Thursday, March 13th at the 2024 Cheltenham Festival.
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Our horse racing specialists, Will Smith & David Young, bring you their curated race predictions. Remember to explore our other Cheltenham insights for additional races.

Date published: March 8, 2025
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Date published: March 8, 2025
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