Joe Biden becomes the biggest favorite of the cycle after a second consecutive tough week for President Donald Trump. Both of the major-party nominees, meanwhile, separate from the rest of the pack.

2020 Presidential Election Odds

Odds courtesy of 888Sport's UK-facing betting site and subject to change.

Remember to keep checking back each week as we track where the top candidates stand and point out trends in order to give you the best view of the 2020 U.S. Presidential betting market so far, and where it might be headed.

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Joe Biden 2020 Odds

This week Biden shortened further than he did since South Carolina made him a Democratic contender again. The former vice president settles at -155 odds, his best number in the 2020 election. While this is largely a reflection of just how bad things have been for Trump lately, Biden has also put in some good work of his own.

Among serious contenders, Biden always had the most significant money challenges. But this week he announced he had outraised Trump for the month of May. He is also now the consensus leader in all six of the most critical swing states. He needs to win just three of them to flip the election from the Democrats’ loss in 2016, according to projections.

CHECK OUT: The Latest Swing State Odds

He’s not out of the woods yet. Trump called out Biden’s strategy of silence this week, potentially forcing the presumptive Democratic nominee out in the open where he’s more vulnerable. And that monthly fundraising win doesn’t really dent the Trump campaign’s huge cash advantage. But as of now, it’s looking like a blowout.

What are the Odds Donald Trump Wins Re-Election?

The president’s odds drift to +150. He had envisioned the past week as a launchpad but it turned into him stepping on rake after rake. Trump’s comeback rally was touted as having more than 1 million signups and was supposed to have the largest haul of campaign data in history. Instead, the data was full of teenage pranksters and the rally audience was nearly empty. Trump officials tried to counter with their numbers for streaming and television viewership.

Yet for all the talk about attendance, what he said in Tulsa was what caused him the most grief. Advisers worked overtime in saying that he was only kidding with his proposal to slow down testing, only to have the president tell an interviewer, “I don’t kid.” With new cases rising sharply again and the president’s pandemic-related approval rating at an all-time low, it was a rough time for Trump to go off-message.

Trump also lost a lawsuit to prevent the release of former National Security Advisor John Bolton’s tell-all book. He even confirmed what might be its worst allegations: That he set aside concerns about China’s genocidal treatment of its Uighur minority to increase the odds of a new trade deal. The campaign’s attempt to sell Biden as “weak on China” may take a hit in the aftermath.

Hillary Clinton 2020 Odds

Hillary Clinton stayed at +5000 and, again, has not been a 2020 candidate. As Biden looks better and better (even if only by comparison), we can expect potential alternative Democrats to fade a bit.

Michelle Obama 2020 Odds

Michelle Obama holds at +6600 this week. The former first lady hasn't factored into the presidential race much this week, with VP speculation largely having moved on.

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Mike Pence 2020 Odds

Mike Pence remains at +8000 this week. The uptick in coronavirus cases undercuts any as-yet-unstated desire for the vice president to mount an intraparty coup.

Candidates with Longer than +10000 Odds

This category continues to include just two candidates: Bernie Sanders and Andrew Cuomo, both at +10000.

CHECK OUT: The Latest Biden VP Pick Odds

Swing State Odds

Democrats moved ahead in Florida and North Carolina and held leads in Arizona, Michigan, Pennsylvania and Wisconsin. If that scenario pans out, Biden would win the Electoral College 346-185, the largest margin since his first time on the ticket in 2008 as Barack Obama’s VP. Bookmark our Swing State Odds Tracker to get the latest developments.

Next Winning Party Odds

The odds get better for Democrats and worse for everyone else. Dems move to -182, Republicans to +140 and everyone else to +10000, with no individual third-party candidates in the mix.

NOTE: Betting on politics is not legalized in the U.S. but heavily bet on in Europe. For more info on political betting in general as well as coverage of the latest news affecting the odds, be sure to check out our guide to betting on politics.