OK. I didn't considered that fact. There is some(?) uncertainty about the Dem nominee. But still, the difference is very small. I would have expected a larger gap. 1.99 vs 1.96 doesn't represent the current voting preferences, I'm afraid.
These markets in betting exchanges are a bit more difficult to read. Odds for Reps in the screenshot are 2.02, for Dems 1.98, any other 220 (the blue fields). The pink fields are orders waiting to get matched. So there is a punter waiting to bet 395,- on odds of 2.04 for Reps, another wants to bet 55,- on Dems for 1.99 and so on. Like a cryptocurrency exchange with ask and bid price - people buy/sell/trade their positions. In this exchange everything blue and left of it, is people having orders to bet
against something. Everything pink and right of it, is people waiting to bet
on a certain outcome.
I don't understand. Does this mean that they don't believe in these opinion polls? Even agencies such as Fox News and Rasmussen Reports are indicating that Trump is trailing Biden by considerable margin.
This is basically what it means, yes. Polls and betting markets don't always go hand in hand. You will rarely see a betting market going completely contrary to polls, but they sometimes have their own sentiment, which you can see in this market to some extent. This is the fun and analytical thing in (sports-)betting and the opportunity to find valuable bets - the general public opinion and polls are not always right.
Not denying what happened in 2016. Back then, the polls failed to measure the silent undercurrents. But the big question is, are they doing just the opposite now, by over-predicting the support for Trump?
I am yet to find a calculation, where Trump receives 270 electoral votes. I have made my calculations and right now Trump is assured of 163 electoral votes (after including TX). Here are the states which I consider leaning towards Trump: AK, LA, MS, MT, UT, IN, MO, SC, TX, ID, WY, ND, SD, NE, KS, OK, AR, AL, TN, KY and WV.
He needs a further 107 from the tossup states. I can give FL, GA to him (although Biden is currently ahead in FL as per the latest polls). That gives 208 for Trump and he still needs 62.
OK.. I can give IA (6 votes) and OH (18 votes) as well. Even now, Trump is at 232, needing another 38 votes. To be honest, I don't think that he has any realistic chance of winning any of the remaining tossup states.
(...)
Well, it looks like you have quite some knowledge about US politics (definitely more than me), so if this your calculation and you think it's reasonable, you can certainly place a bet based on that. We all know, it's still some time to go until November and this will be an interesting summer in the US, but if you think these odds are too high, just go for it.
Current odds imply these probabilities:
Biden next president = 2.32 = 43.10%
Democrats win = 1.98 = 50.51%
If you think - all things considered - Biden has more than 43.10% or Dems win has more than 50.51%, then this is probably a good bet.