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  • Updated: November 04, 2020

US Election 2020: UK Bettor Places £1m On Joe Biden To Win Election

US Election 2020: UK Bettor Places £1m On Joe Biden To Win

A bet has been placed on Democratic candidate Joe Biden to win the US election by a UK resident.

The bet was placed on October 29 by an unnamed bettor, as reported by CNN.

It was reported that the bet, a sum of £1 million was placed on Betfair Exchange.

If the bettor wins the bet, they would go on to win a profit of £540,000 along with the original amount wagered.

This is among some of the most expensive bets on popular personalities, with the highest being the bet in Rafael Nadal - worth £1.1 million - to win the French Open in 2010.

READ ALSO: US Presidential Election 2020: "Losing Is Never Easy For Me" - Trump

The betting platform estimates that there could be more than £400 million wagers on its platform, double the 2016 figure.

In 2016, which was the largest political bet ever made on the platform, a £555,000 bet was made on Trump.

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