Joe Biden's Odds Of Beating Donald Trump Improve After Presidential Debate

Democratic nominee Joe Biden has seen his betting odds of winning the presidential election increase after Tuesday night’s debate

President Donald Trump is now a 6/4 underdog, according to BetFair Exchange, the world’s biggest political betting market. Trump is given a 40% chance to win November’s election, down from a 43% chance before the debate when he had 11/8 betting odds.

Biden’s odds are at 4/6, up from 5/6. Those odds suggest that Biden’s chances of becoming the next president have gone from 56% to 60%.

A bettor who places a $100 wager on Biden at 4/6 would make a $66.67 profit if the former vice president wins the election. Betting $100 on Trump at 6/4 would result in a $150 profit if the incumbent defeats Biden.

“Both candidates will claim victory in the debate but odds speak louder than words and Betfair’s Swing-O-Meter indicates that Biden's chances of winning the election have improved while Trump has lost ground,” Betfair spokesperson Darren Hughes said.

A CBS News poll indicates that Biden helped himself more than Trump in the debate. Some 38% of voters said the debate made them think better of Biden, and only 24% of voters said it made them think better of Trump.

While 42% of voters said the debate made them think worse of Trump, only 32% of voters said the same of Biden.