A massive bet has been plunked down on Democrat Joseph R. Biden winning the 2020 presidential election.
Paul Krishnamurty, a pro gambler and analyst for Betfair’s Betting Exchange, said on Twitter: “Biggest ever political bet just placed on Betfair.”
“£1M on Biden at 1.5,” Mr. Krishnamurty said, referring to the decimal odds, which are the same as -200 American odds or ½ fractional odds.
The size of the bet is the equivalent of roughly $1.3 million U.S. dollars.
Mr. Biden has been the odds on favorite in his race against President Trump since March for many of the bookmakers in Ireland and England.