BCLC Expecting Record Bets On U.S. Election

By Ben Hamill - November 02 2020
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BCLC Expecting Record Bets On U.S. Election

The British Columbia Lottery Corporation (BCLC) has said that it is expecting a record number of individuals to bet on whether Donald Trump or Joe Biden will win the November 3 U.S. presidential election. The Crown corporation also said that the 10,000 local-bets prediction sets a new record for its official online gaming platform, PlayNow.

As for in which direction the chips are expected to fall, the BCLC has introduced its own odds as being in favour of Democratic nominee Joe Biden. The corporation has however announced that to date, the majority of those who have placed their bets, have done so in favour of U.S. President Donald J. Trump spending four more years in the oval office. Born on June 14, 1946, in Queens, New York, Donald Trump is the 45th President of the United States of America.

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What The Odds Say

Since the BCLC’s odds are currently set at 10/19, such odds would lead to a 152 per cent payout in the event of a Biden win on November 3. The current U.S. president-elect, at odds currently set at 33/20, will in the event of a win ensure a 255 per cent payout to those who bet in favour of four more years in office for President Donald J. Trump.

During the year of Trump’s initial voting into presidential power, PlayNow confirmed having accepted around 7,200 bets on that year’s U.S. presidential election. This number was already then considered a record-number of bets wagered on a presidential election.

Is This History On Repeat?

Electoral analysts have in the meantime been increasing their odds that Donald Trump will actually lose his re-election push. A prominent U.S. sports book currently has Biden pegged at an 87 per cent chance of winning, with another pegging him at an 83.5 per cent chance of a victory.

This is interesting to note since at a similar point in the lead-up to the presidential elections of four years ago (2016), Hillary Clinton was predicted highly likely to win that year’s election. Which, of course, did not happen.

Biden has since his nomination by the Democratic Party enjoyed a massive lead over Trump on state-level polls. Trump’s aggressive interrupting style seen in the first presidential debate didn’t sit well with a key voting demographic in this year’s campaign, namely suburban women. Biden, in the meantime, say those same polls, is no longer considered a man out of step due to the challenges associated with his advancing age.

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