The 2020 Presidential Election was one of the most bet on events in history, with an expected $500 million dollars to have been wagered, according to Forbes. As the polls closed, the odds adjusted for live bettors looking to get in on the action. Here is the story of election night as told by the betting odds.
At the end of the evening on November 3rd, Donald Trump and Joe Biden were pretty even in terms of betting odds. By the time people woke up on November 4th, Biden's odds skyrocketed to make him the betting favorite. He would go on to hold that lead until November 7th, when Pennsylvania gave Biden the 270 electoral college votes to make him the 46th President of the United States.
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