President Trump Clear Favourite To Win Re-Election in November of 2020

According to a major European sportsbook, President Trump's re-election odds currently stand at their best level ever.

As of this moment, President Trump is -163 to be re-elected in November of 2020. This compares to a +125 number for the Democrats (any candidate) and a +5000 number for any independent that may enter the race.

These odds mean that President Trump currently has a 62% chance of being re-elected in November, according to major bookmakers. The numbers given by bookmakers tend to be more accurate than polling numbers, as people are putting real money on the line to make their bets at bookmakers.

If you were to bet $162 on President Trump to win re-election in 2020, you would stand to win $100 in profit back.

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Since the Mueller Report was released, President Trump has been around even money to be re-elected in November.

Things have shifted dramatically in recent weeks, however, as Trump was acquitted by the Senate after being impeached by the House.

In addition, the signing of a new trade deal with Canada and Mexico, as well as a continued strong economy, have boosted President Trump's chances of being re-elected in 2020.

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The most important factor in President Trump's re-election bid has always been the strength of the economy.

If you look at re-election bids in the modern era, a sitting President who is running for re-election in the midst of a strong economy is very tough to beat.

President Obama, President George W. Bush, President Reagan and President Clinton all won their re-election campaigns while their economies were doing well, while the elder President Bush and President Carter both lost in the midst of weak economies.

Being an incumbent President is an enormous advantage, given that you get the opportunity to campaign unopposed while your potential opponents tar and feather each other in order to try to win their party's nomination. Now that the impeachment trial is in the rear-view mirror, President Trump can focus on his re-election campaign.

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At the end of the day, the most important issue heading into an election is always the economy.

If the economy (and stock market) is still doing well heading into November of 2020, President Trump is going to be very, very tough to beat.

Filed under: General Knowledge