Cloudbet allows betting on US election winner. During a combative and fiery first presidential debate, Joe Biden, the Democratic nominee for the U.S. presidency, gained support from the betting public as he withstood a hail of bluster and interjection by President Donald Trump.
According to prices collected by crypto sportsbook Cloudbet, odds on a Biden victory decreased to 1.65, meaning betting markets give him a 61 percent chance of being chosen. That compares to 1.73 just before the debate (58 percent). Trump’s odds fell from 2.16 to 2.28, despite reports that bettors had taken crucial presidential positions ahead of the debate.
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 outcomes. The operator’s politics page features a superbly designed electoral college map integration that gives users an instant opinion on which party is likely to win the election, based on real-time odds presented for each state.
Cloudbet saw a significant pick-up in betting activity ahead of the debate: About 10% of the value of all bets on the U.S. election were placed in the 24 hours leading up to the event, a spokesperson for the crypto operator said. 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 amplifies what’s on offer at Cloudbet for players seeking the best odds for bitcoin politics betting from the comfort of their homes or on the go. Since it relaunched its website in April, the operator has unveiled a swathe of bold new features to attract a more diverse audience, including esports, USDT betting, and easy credit-card coin purchases.