Election Update - It's Biden's To Lose

In partnership with HOLD, by Utrust.

Get access to the VISA debit card, reverse staking, and an exchange for multiple currencies, all in one app.

Payments made easy, as it should be. 👇

Onto the election. At least we don't have to cover any stimulus talks today.

One saga ends, a new one begins.

So, Biden is heavy favourite to win on betting markets and his campaign manager suggested the result could even be confirmed later today.

 BIDEN CAMPAIGN MANAGER SAYS EXPECTS BIDEN WILL HAVE MORE THAN 270 ELECTORAL VOTES TODAY— *Walter Bloomberg (@DeItaone) November 4, 2020 

Final results in Michigan and Georgia are expected today, Nevada tomorrow, Pennsylvania late tomorrow, North Carolina could take several days - Biden's campaign manager.

Arizona (11) - Fox called AZ early for Biden, AP followed (much) later, but no other media outlet confirmed.

There are suggestions that calling AZ was premature and there may be more uncounted ballots than originally thought.

 On a conference call earlier this morning, Trump campaign manager Bill Stepien said when all the votes are counted in Arizona, Trump will win by 25,000-30,000 votes.

Since Fox News inexplicably called the state for Biden last night, Trump has cut Biden's margin in half.— Sean Davis (@seanmdav) November 4, 2020 

Because of an error in an Edison Research data feed of results, the estimate of the counted vote in Arizona displaying on maps and tables is too high. The actual estimate is that 86% of the vote has been counted.

The president is at a much larger five-point deficit in Arizona, so you might be surprised to learn that it’s still up for grabs.

But there’s uncertainty about the remaining vote.

One thing we know: There are late mail ballots, received by the state over the last few days.

These ballots usually tilt Democratic, but this year they might not.

So many Democrats rushed their ballots in early that most of the remaining absentee ballots are from registered Republicans.

It’s possible these Republicans just went out and voted on Election Day.

But it’s also possible they’ve sent in their ballots, which haven’t been counted yet. We’ll get a better idea later today.

Georgia (16) - probably Trump by a nose BUT...

Mr. Trump has a two-point lead with more than 90 percent of votes counted, but there’s a lot of Democratic vote left in the Atlanta area. It might be just enough for Mr. Biden. This one’s sure to be very close either way.

200,000 ballots still need to be counted.

BUT, this could be a fly in the ointment.  

 ðŸš¨BREAKING: New USPS data appears to show a failure to deliver mail ballots from voters across the country on Election Day. U.S. District Judge Emmet Sullivan will hold a noon hearing over USPS' non-compliance with his order yesterday to rush deliver all remaining mail ballots pic.twitter.com/Zc8J5PEmPf— John Kruzel (@johnkruzel) November 4, 2020 

Michigan (16) - Biden has overtaken Trump, likely to be be called today.

Mr. Trump had the lead here all night, but his path is now looking bleak. The lead dwindled in the morning, and Mr. Biden has now overtaken him, with many votes remaining to be counted in heavily Democratic Wayne County.

It’s also reasonable to assume that a lot of the outstanding vote is Democratic mail absentee, which poll workers weren’t allowed to begin processing until either Monday or Tuesday.

This might not be particularly close in the end, and there’s a decent chance it’s called today.

Nevada (6)

Mr. Biden has only a narrow lead, but here again it’s hard to see where Mr. Trump is supposed to make up ground.

All of the Election Day vote has been counted, and now only Democratic-leaning late mail and provisional ballots remain.

North Carolina (15)

This is the one state where Mr. Trump is the favorite.

The race isn’t particularly close, but there’s a big missing piece of the puzzle: late mail ballots. The state accepts mail ballots received after the election, and there were around half a million absentee ballots still outstanding heading into Election Day.

Realistically, only a fraction of these ballots will be mailed in. In 2016, there were only 10,000 or so — though there were far fewer absentee ballots cast that year.

This year, there wasn’t a huge flood of mail ballots received on Monday — which probably suggests there won’t be a huge flood of ballots today. Nonetheless, we don’t know any of this for sure. I’d guess the race won’t be called until we do.

Pennsylvania (20) - Looks certain to be last to report

Looks can be deceiving.

This one might seem out of reach for Mr. Biden, with the president holding an 11-point lead.

But Mr. Trump is in quite a bit of danger here as well. The preponderance of the remaining vote is mail absentee, and Mr. Biden has won mail absentee votes in Pennsylvania by a margin of 78 percent to 21 percent. There are more than 1.4 million absentee votes left to count, according to the Secretary of State, and that’s not including ballots that might arrive over the next few days.

If Mr. Biden wins these 1.4 million votes by the same margin he’s been winning them so far — and it seems a safe bet — it would net him 800,000 votes, enough for him to pull ahead.

That said, it’s hard to be too confident with this many ballots left to count. It might be days until there’s a projection.

Wisconsin (10) - Biden leading by a slim margin

Joe Biden leads by about 20,000 votes or by seven-tenths of a percentage point (which is almost exactly the margin of President Trump’s victory here in 2016). That might not seem like a daunting deficit, but there’s just not much reason for hope for Mr. Trump.

Only a scattering of precincts remain across the state.

This race might still be considered too close to call as long as there are still outstanding votes, but you can pencil this one into the Biden column if you’re gaming out what’s likely to happen from here.

Wisconsin has just announced that all votes have been counted and Biden has won.

So, using the probabilities mentioned above, if we award the remaining states as follows;

Michigan, Nevada, Wisconsin to Biden.

North Carolina & Georgia to Trump.

Arizona & Pennsylvania remain.

Biden would only need Arizona (or one of NC/Georgia) to get to 270.

Trump would need Arizona AND Pennsylvania.

The odds are definitely stacked against the President as the betting markets correctly suggest.

Presuming Biden reaches 270, does Trump take it lying down?

From his early rhetoric it seems unlikely.

 BREAKING via @LJMoynihan -- @realDonaldTrump team getting ready to send in attorneys, contest remaining states. He wont concede w these numbers, they are telling @FoxBusiness. Good chance we wont know president for another month. Still odds are long for Trump winning, they add— Charles Gasparino (@CGasparino) November 4, 2020 

Reuters have us covered.

Let's cross that bridge if we come to it.