What are election betting odds? Expert explains why Trump is current favorite                                            Trump has over 58% chance of winning election, according to average of betting markets

 Michael Lee / FOX News

 

Former President Trump, the Republican presidential nominee, has opened up a sizable advantage in the election betting odds in recent weeks, giving Americans a new way of trying to piece together what might happen come Election Day.

“More than two billion dollars have been bet on the election already,” Maxim Lott, who runs ElectionBettingOdds.com, told Fox News Digital.

The comments come as Lott’s website, which uses data from five different betting sites to display a betting average, shows Trump has a 58.5% chance of winning the presidential election as of Monday.

Lott’s website isn’t the only one tracking the betting odds, with popular sites such as RealClearPolitics, which has become known over the years for tracking polling averages, joining the fray.

Like ElectionBettingOdds.com, the RealClearPolitics betting average shows Trump as the favorite with a 59% chance to win the election as of Monday. Read more and see video here.

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