Donald Trump's Chances Continue to Slide with Just 8 Days until Election

Donald Trump's chances of clinching a second run at presidency are continuing to slide with just eight days until the election.

Democratic rival Joe Biden has seen his chances of a win increase slightly, according to online polls.

Oddschecker, which aggregates betting data from dozens of bookmakers, gave Trump odds of 15/8 and Biden odds of 4/9 to secure the election, a spokesman told Newsweek.

Put simply, this means Trump has an implied probability of 34.8 percent compared with Biden's 69.2 percent.

Biden has been the betting favorite to win the 2020 Presidential election since May, a month-by-month analysis shows.

It was a different story at the start of the year with the former Vice President's election odds implying he only had a 13 percent chance of becoming the next POTUS.

The latest online polls paint Joe Biden as the overwhelming favorite to win the 2020 election but online bettors have been happy to take on the oddsmakers, seemingly confident of an upset next week.

In a strange twist, the worse odds that bookmakers give Trump, the more bettors clamour to back him, according to the betting website.

It appears that Biden's dominance in the betting isn't deterring online bettors backing Donald Trump.

Over the weekend, twice as many bets were placed on Trump to win than Biden, in an intriguing trend that has gathered momentum over the past month.

Just under 65 percent of all wagers placed on the 2020 US election this weekend were on Trump, compared to the 31.7 percent placed on Biden.

In fact, Trump has been the popular bet since the betting market opened, with the majority of bettors believing the 2020 election will follow the same pattern as 2016's shock result.

Like Joe Biden, Hillary Clinton was the bookmakers favorite heading into the 2016 election.

Even though the odds were stacked against him, 61 percent of wagers on the 2016 election were placed on Donald Trump.

Trump's 2016 election odds implied he had only a 16.7 percent chance of winning in late October but 47.6 percent of wagers were placed on Trump in the same month, Oddschecker reports.

Meanwhile, Democrats are looking to win the state of Texas for the first time in more than 40 years, according to a survey conducted by the Dallas Morning News and the University of Texas.

Biden currently leads Trump in the lone star state, with 46 percent of registered voters saying they'd vote for Biden, compared with 44 percent that sided with Trump.

Trump polls
Trumps’ chances to clinch a second run at presidency have slid over the months from August to October, however the president has remained undeterred. Mark Wilson/Getty