(Reuters) – U.S. President Donald Trump has overtaken Democratic rival Joe Biden to stand as the favorite to secure the 2020 U.S. Presidential election on Europe-based betting exchange Betfair, the exchange mentioned on Wednesday.

Trump’s odds, reflecting wagers matched on the peer-to-peer betting network, stood at evens, Betfair Exchange said, versus 21 20 for Biden.

Betfair Exchange stated 4 bets of more than 10,000 weight ($13,362) were positioned on the platform overnight, of what three had been on Trump, while the most important stake of the strategy so a lot, a 50,000 pound choice, was positioned on the Republican nominee over the weekend.

These bets in part aided Trump to take the lead, after being neck-and-neck with Biden earlier this week, doing an extraordinary rehabilitation in the betting markets.

“In August, Trump had the most awful odds for re election of each sitting President in history and defeat to Biden was searching progressively more likely,” Darren Hughes, spokesperson at Flutter Entertainment unit Betfair Exchange, said.

A Reuters/Ipsos national thoughts and opinions poll on Wednesday showed 40 % of voters that are registered assistance Trump, in contrast to forty seven % that mentioned they will vote for Biden.

Biden’s lead is essentially unchanged over the prior 3 months, during which the two individuals held conventions to nominate their candidates Biden and Trump for the presidency.