“West’s announcement has come under scrutiny in recent days, but news that it has failed to register as a candidate in many states before the deadline has failed. not much to deter bettors, and the odds are good at the moment. “
But even still, Hughes explains that Mr. Trump’s chances have been increased since Mr. West’s candidacy for president would split the Biden vote, leaving Mr. Trump with a higher proportion.
Experts believe that Kanye’s run will increase Trump’s chances by dividing the Biden vote.
Hughes said: “Donald Trump’s chances have also contracted on the headlines from 8/15 to 8/13, with many suspecting that West should keep its promise, it would split the vote with Joe Biden several times. States, pushing elections for Trump. ”
In terms of betting, Trump’s contractual odds mean he’s more likely to win than before.
Hughes continued: “Biden himself has seen his chances go in the opposite direction, from 4/6 at the end of last week to 8/11 this week, as punters are trying to figure out what the announcement of West could mean for the election as a whole. “
According to BetFair, £ 64,000 has already been traded on West’s chances of winning the presidential election, due to take place in November.
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Kanye West dropped support for Trump after initially supporting him.
However, its chances are slim. At the time of this writing, the betting market places the rapper’s chances of winning at 129/1.
In comparison, the odds for current US President Donald Trump are currently set at 13/8, while main rival Joe Biden is at 8/11.
Hughes added that despite the upheaval caused by West’s announcement, a presidential victory would be very unlikely.
He said: “Overall, a race seems unlikely and, as its chances suggest, victory is even less so.”
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Bookmakers still place Joe Biden as the most likely winner, but Trump’s chances have improved.
“In a market that has already traded at £ 44 million and is poised to break the record set by the 2016 elections, West’s announcement is the latest in a series of twists and turns that saw Joe Biden went from 99/1 in early March, disagreed on 8/11.
“Trump went from 4/7 earlier this year, to 13/8, having been as big as 2/1 just a few days ago. “
In his interview with Forbes yesterday, Mr. West explained what his administration would look like, including his ties to China, his views on controversial issues such as abortion and his support for Trump.
West will decide in a month if he is serious about his candidacy for the White House.
West also criticized views that his presidential candidacy would split the vote between Biden and himself, saying that if Trump did not run for office already, he would run for himself as a Republican candidate.
West said: “It is a form of racism and white supremacy and white control to say that all blacks must be democrats and to assume that my candidacy makes me share the vote.”
However, the rapper has said he will now give up his support for Trump.