Election Odds as chaotic as the results

Election night 2020 has turned out to be a nail biter. Hopes of a Biden landslide are out the window, and wagering odds have been all over the place as we start to understand what an election during the Covid-19 pandemic looks like.

As it stands right now, the race is too close to call. But the odds have shifted a lot from when we looked at them yesterday. Let’s look at the timeline of what happened:

7:00 pm ET: Polls close and Biden is heavily favored

As the results started to come in, the conventional wisdom was the results wouldn’t be too far off the mark, and we might see a Biden landslide. Early strong results in Georgia, North Carolina, and later Texas kept his odds strong.