Betting Markets Supported Biden over Trump in the First Presidential Debate
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Betting Markets Supported Biden over Trump in the First Presidential Debate

October 1, 2020      Varinder Singh

Joe Biden, the Democratic presidential candidate for the U.S. presidential election, has won support from the crypto sportsbook Cloudbet betting public as he withstood a hail of bluster and interjection from U.S. President Donald Trump during a combative and chaotic first presidential debate.

Odds on Democrat Joe Biden on the Cloudbet Platform

According to price data compiled by crypto sportsbook Cloudbet, the odds on Joe Biden win shortened to 1.65, as betting markets give him a 61% chance of being elected. Which compares to 1.73 (58%) just before the debate. And the odds of Donald Trump’s win drifted to 2.23 from 2.16.

Biden had mostly managed to fend off Trump’s constant interruptions and aggression in between his speech, as part of his campaign’s ongoing attack on the Democrat’s mental strength and cognitive abilities. Political commentators said that the chaos of the encounter blurred any attempt at messaging on key issues.

Cloudbet is tracking the two candidates’ price movements closely as part of its comprehensive politics offering that allows customers to bet on the election winner as well as on state-by-state election outcomes. The politics page of the crypto sportsbook company features a superbly designed electoral college map integration. It gives users an instant idea of the political party and their chances to win the election, based on real-time odds presented for each state.

Betting Activity Ahead of the First Presidential Debate

Cloudbet saw a significant pick-up in betting activity ahead of the first presidential debate. About 10% of the value of all bets on the U.S. election was placed in the 24 hours leading up to the debate event. Bets on Trump accounted for 90% of the new positions.

“Some people thought that Biden’s weaknesses were going to get clearly exposed in the debate,” the spokesperson said.

The election map significantly explains what’s on offer at Cloudbet for players seeking the best odds for bitcoin politics betting from the comfort of their homes or while on the go. Since it relaunched its website in April, Cloudbet has introduced some bold new features to attract a more diverse audience, including esports, USDT betting, and easy credit-card coin purchases.

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#2020 US presidential candiate #Bitcoin Betting #Cloudbet #Joe Biden #Presidential debate #US President Donald Trump
Varinder Singh
Varinder Singh

Varinder is a technical writer, technology enthusiast, and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about blockchain, cryptocurrencies, artificial intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period, and is currently covering all the latest updates and developments in the crypto industry.