Posted on Fri 30 Oct 2020, 04:30 PM

The US presidential election is proving a boon for bookmakers, with estimates that more than $1 billion has already been bet on the winner around the world even before polling day.

Matthew Shaddick, head of political betting at British sports betting and gambling firm GVC, said that is double the amount in 2016 when Donald Trump upset the odds and polls to beat Hillary Clinton.

Republican party candidate Trump is once again the outsider, with his Democratic challenger Joe Biden the favourite with GVC’s gaming brands, which include Labrokes, Coral and BWin.

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