The son of late Philippine dictator Ferdinand Marcos cemented a landslide presidential election victory, as Filipinos bet on a familiar dynasty to ease rampant poverty - dismissing warnings the tarnished clan will deepen corruption and weaken democracy.

With an initial count almost complete, Ferdinand Marcos Jr - popularly knows as 'Bongbong' - had secured over 50% of the vote and more than double the tally of his nearest rival, liberal Leni Robredo.

His now unassailable lead of 16 million votes spells another astonishing reversal in the fortunes of the Marcos family, who have gone from the presidential palace to pariahs and back again in half a century.

The Marcos victory is a hammer blow to millions of liberal Filipinos who hoped to reverse course after six bloody years of increasingly authoritarian rule by outgoing President Rodrigo Duterte. His daughter Sara won the vice presidency, which is elected separately, in a landslide.

In 1986, Marcos senior and kleptocratic first lady Imelda Marcos were chased into exile by the "People Power" revolution.

Mr Marcos Jr steadfastly refused to denounce his family's brutal and corrupt excesses in a campaign marked by a relentless online whitewashing of history.

With memories of the regime fading with time and muddied by countless misleading Facebook posts, Filipino voters turned to Mr Marcos to rekindle past glories that were mostly imagined.

"He will lift our country from the poverty we're experiencing now," said supporter and retired policeman Anthony Sola, who described himself as elated.

The 50-year-old dismissed allegations that the Marcos family stole as much as $10 billion during their last period in power.

"I don't believe they stole money, because if they did, they should have been imprisoned already."

Delivering a late-night address from his campaign headquarters in Manila yesterday, a tired but beaming Mr Marcos thanked volunteers for months of "sacrifices and work".

But he stopped short of claiming victory, warning that "the count is not yet done".

A fully certified tally is not expected before 28 May.

On the streets, hundreds of ecstatic supporters set off fireworks late into the night, waved the national flag and clambered onto parked cars to chant in victory.

Supporters of Ferdinand Marcos Jr cheer during his last campaign rally

Rights activists, Catholic leaders and political commentators had all warned about returning the Marcos family to power.

"This election could have been our biggest chance for radical change," said Mae Paner, a 58-year-old political satirist who was part of the People Power Revolution.

"There will be more death, there will be more debt, there will be more hunger. The Marcoses will steal," she said.

Bonifacio Ilagan, who endured two years of imprisonment and torture under Marcos senior's imposition of martial law, said the election exposed a deep malaise in Philippines society.

It had, he said, laid bare, "how deeply the trickery of historical fraudsters has seeped into the consciousness of Filipinos".

Ms Robredo, a lawyer and the current vice president, admitted "clear disappointment" about the result but vowed to continue the fight against poor governance.

The 57-year-old had promised to clean up the dirty style of politics that has long plagued the Philippines, where a handful of surnames hold sway.

In the final weeks before the election, her campaign morphed into a catchall pro-democracy movement that drew almost one million people to a single protest in Manila.

Fearing a backlash from 15 million disgruntled voters - with many alleging voting irregularities in yesterday's poll - police urged restraint.

"I am appealing to you to remain calm. Let us respect the result of the vote," said acting Philippine police chief Lieutenant-General Vicente Danao.

The country's Commission on Elections indicated that despite long queues and problems with some voting machines, the initial tabulation of votes had gone well.