You cannot bet legally on the presidential election here in the U.S., but we all do it.
I just bet my Uber driver three rides on who is gonna win in Wisconsin.
Now, outside of America, you can bet on the U.S. election, and this baby is BIG.
In the 2016 Donald Trump-Hillary Clinton contest, UK-based Betfair Exchange took in $258 million in wagers.
Trump-Biden already has surpassed that number, making it the largest betting event ever on Betfair Exchange, according to the Las Vegas Review Journal.
Betfair, by the way, is peer-to-peer: Bettors wager against each other.
Another UK sports book, William Hill, also will set an election record.
The offshore books also take bets.
At Bovada, the 2020 election will be its second largest betting event ever, just behind the last Super Bowl.
As he was in 2016, Trump is the underdog, and the majority of bets at the books are coming in on Trump.
On 2016 election night, Trump was a +475 underdog.
This year, he is a much smaller dog — +130 to +175, depending on the day.
He’s tough to beat:
He’s got home-field advantage at the White House.
He’s got the postal service all backed up.
He’s got the referees – the Supreme Court – in his back pocket.
And whom did I bet on in Wisconsin?
You’ll have to check my tax returns next year.