The Tables Have Turned, Election Betting Odds Now Favor President Trump

Fox News had the story here: 

President Donald Trump is now favored to win the election based on an average of betting websites, an expert told Fox News Tuesday.

Within the past few hours, the website, electionbettingodds.com, created by Maxim Lott and John Stossel, recently flipped its averaged betting odds in favor of Trump.

"He hasn't won yet, but it's looking like he might," Lott told Fox News Tuesday night.

Lott said betting odds on his site this morning, which are averaged from other gambling websites, had Trump as just a 38% favorite to win the election. As of 11 p.m., Trump is more than a 70% favorite. Democratic presdiential candidate Joe Biden currently stands at just under 30%.

Newsweek also had this to say:

The betting site Betfair currently has its odds for Republican President Donald Trump to beat Democratic nominee Joe Biden 51 percent to 49 percent.

"Donald Trump is now favourite to win the election for the first time, surging by 27% on Betfair Exchange since polls closed," Betfair spokesperson Sam Rosbottom said in an email. "In a remarkable turn of events, Trump has overtaken Biden significantly and is now in pole position, suggesting it could be a very nervous night ahead for Biden."

On November 2, Oddschecker had Biden's election odds at a 65.2 percent chance of winning. By Election Day, that percentage had dropped to a 61.9 percent chance.

In 2016, bookmakers gave Trump less than a 20 percent chance of winning on the day before election day, according to OddsChecker, a site that aggregates odds from dozens of bookmakers. His 2016 odds were 20 percentage points lower than his odds leading into Election Day 2020.