- No is -1500 favorite for Joe Biden leaves office via Impeachment.
- Donald Trump was the most recent President to be impeached.
- The Republican Party may be tempted to get payback during Biden’s first term.
WASHINGTON – Sports bettors placing action on the Presidential Election will find that although the final votes have been tallied, there are still plenty to wager on.
Currently, at online sportsbooks, sports bettors are wagering on whether or not Joe Biden will be forced to leave the office following an impeachment.
As Donald Trump famously became only the third President to be impeached, sports bettors are betting against the Biden Administration going through a similar situation.
Bet On Impeachment
Sports bettors betting on the Presidential Election aren’t buying the possibility of a Biden impeachment, most action is being placed on No.
Will Joe Biden leave office via Impeachment?
- No -1500
- Yes +600
This betting line is a bit tricky as well, as Biden would not only have to be impeached, but he will have to leave the office.
During Donald Trump’s most recent impeachment, the Senate voted against his removal from office. The same happened when President Bill Clinton was impeached in 1998.
Why longshot bettors would take action on the possible Joe Biden impeachment would be that President Donald Trump will not simply go away during Biden’s Presidency and the President will still have strong influence over the Republican Party.
Currently, the Senate majority belongs to the Republican Party, the Democratic Party has lost key seats in the House, and the addition of Amy Coney Barrett to the Supreme Court further strengthens the Republicans hold there as well.
“You wasted a lot of money,” said Senator Lindsey Graham. “This is the worst return on investment in the history of American politics.”
Should an event during Biden’s presidency lead to him being impeached, it is highly likely that the votes to have him removed will be substantially higher than there were for Donald Trump.
This would in turn make legal sports bettors who took the longshot odds major winners. The point of longshot betting is to bet against the odds, and if the correct events occur, some lucky bettors will be cashing in big.
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.