2020 US Presidential Election Odds
The 2020 US Presidential Election is shaping up to be one of the most important elections of recent memory. President Donald Trump looks to prevent former Vice President and Democratic nominee Joe Biden from stopping his re-election bid. The US Presidential Election betting odds have seen both Trump and Biden take turns having the shortest odds to win. Currently, Joe Biden is listed with the shortest odds to win the 2020 US Presidential Election at most legal betting sites. The history of Presidential Elections in the United States has shown that upsets can happen, and underdog candidates can net bettors major money.
The final stretch of the Presidential Election has arrived as campaigns on both sides of the political spectrum have ramped up their efforts to gain support for their candidate. As Trump and Biden have their Presidential debates and release their plans for the country expect the Presidential Odds to continue to fluctuate up until the last couple of hours of the election. After reading this page bettors will be informed on the many avenues and ways to bet on US Presidential Election betting including the best sportsbooks to place these Political bets with.
Legality Of Political Betting Markets In The US
The overall legality of political betting markets in the US is pretty simple to understand. Even though sports betting has taken the United States by storm, political betting is a completely different issue. Right now, all legal sportsbooks in the country are not allowed to take bets on the 2020 Presidential elections or any other election around the country. Most states specifically have laws against sportsbooks providing odds on any elections. But that could change in the future. With sports betting becoming more accessible in the US, states are having a more positive outlook on gambling as a whole. We believe it’s only a matter of time before political sports betting will hit retail sportsbooks. For now, only online offshore sportsbooks allow you to bet on your favorite candidate.
Odds by State:
Current Odds For The 2020 Presidential Election
Once the Democratic Party announced Joe Biden as their nominee for President his odds to win the 2020 Election shortened and have continued to do so ever since. Most major sportsbooks have Biden as the favorite to win this year’s Presidential Election over President Trump. Those looking to bet on Trump to win the Presidential Election shouldn’t avoid betting on him just because he’s considered an underdog. Ironically, the current Presidential Election odds reflect what many sportsbooks saw in 2016 when Trump was an underdog that pulled off the upset making those who put money on his underdog odds richer.
US Presidential Election 2020 – Winning Party Odds
There are not many categories when it comes to betting on the 2020 Presidential Election as the whole thing is a pretty straight forward event but wagering on the winning party is one of those categories. This is simply a bet where the gambler places their money on which party they believe the next President will be a member of. If they think President Trump will be reelected then they would vote for the Republican party as he is a Republican. If they believe Joe Biden will win, then their money should be on the Democratic party for this wager. There is always a third-party option but that is usually a waste of time as history has proven that a candidate from either the Republican or Democratic party is the one that will win a presidential term. Sportsbooks have odds up for this wager with the current odds being listed below.
Types Of Presidential Betting
There are limited ways of betting on which party, or candidate will take over the White House. However, knowing the different ways to bet on US Presidential Elections is key to profiting off the political process. Below are some of the most popular bet types seen at legal sites with 2020 Presidential Election Odds.
Presidential Election Futures Bets – The most common way to bet on US Presidential Election odds is through futures betting. These odds can fluctuate depending on current events surrounding the US Election, or what a candidate says or does. Some sportsbooks will have more than just the two candidates available to bet on and it’s best to not get caught up in betting on candidates that likely won’t even make it onto the ballot in many states. Furthermore, during the Presidential Primaries before the parties have chosen their nominees is one of the best times to bet on Presidential odds as the options are numerous and the chance to hit on one of the underdog candidates always features a big return for political bettors.
Vegas 2020 US Presidential Election Betting Odds
Betting on the Vegas Odds for the Presidential Election is hard to do since no legal sportsbook based in the US is allowed to accept bets on Presidential Elections. Although it is illegal to place these bets at a sportsbook based on US soil it is not illegal to place US Presidential Election bets on sports betting sites that are based outside of the United States. These sites are completely legal and safe as they’ve been serving American bettors for decades now. This is what gives betting at offshore sportsbooks an advantage over many of the local retail sportsbooks found through the USA. WIth a similar experience to placing any bet on the 2020 US Presidential Election at a Vegas sportsbook bettors shouldn’t hesitate to place wagers at Bovada, BetOnline, or MyBookie.
How The 2016 Presidential Election Differs Greatly From The 2020 Presidential Election
In terms of likeability, Biden has much more of that than Hillary Clinton did in 2016. In July of 2016, Clinton was polling with numbers of 34% positive and 56% negative with 43% of that being “very negative.” Fast forward four years to July 2020 and Biden polled at 34% positive like Clinton and 46% negative with only 33% of that being deemed “very negative.” His negativity view is a whopping 10% less than hers was which could prove to be huge come November when it’s time to vote.
Not only is there this difference in the elections, but third party voting in 2016 was 6% which aided Trump in his win of the Electoral College. However, this percentage is expected to be much lower because of Biden. Every person that was a fan of Bernie Sanders can see that he and Biden share a friendship far better than Clinton held with Sanders. That could seal the Biden vote for those that originally wanted Sanders as President. There is also the fact that many more people have decided to become involved after being unhappy with President Trump’s actions in the oval office and no longer wish to see him serve another four-year term.
This race will be much tighter than that of 2016. Polls and popularity all favored Clinton heavily but Trump came out victorious. Now each man in this race is pretty evenly matched when it comes to voters in the United States. Should it come down to splitting hairs, it could go to Biden for the win only because it’s been rumored that the Senate and the House will both be Democratic and want Biden in office. Polls in September have shown that Biden is at 49.9% while Trump has dropped to 42.1%. Even on his best days throughout this campaign, Trump has not been able to break 47% in national polls against Biden which isn’t the best he could hope for going into the new election but he’s been a bigger underdog before so his team is not as worried as most would be.
Bovada – The Best Online Sportsbook For 2020 US Presidential Election Betting
Bovada sets the standard for online sportsbooks and is easily one of the best legal betting sites on the market. Bovada allows bettors in the US to place wagers on who will win the Presidential Election. Offering US Presidential Betting odds separates Bovada from the crowded pack of online sportsbooks accepting players residing in the US and from traditional retail sportsbooks who cannot list odds on Presidential Elections. Placing political bets at Bovada can even be done from any mobile phone, tablet, or laptop as long as they’re connected to a stable internet source. With secure deposit and withdrawal options available to users as well as a 24/7 customer service team ready to assist when problems arise. It’s easy to see why Bovada has become one of the industry leading sportsbooks with US Presidential Election Betting Odds.
BetOnline – America’s Go-To Online Sportsbook To Place US Presidential Elections Wagers
BetOnline has long been serving US residents as a convenient way to place bets on the US Presidential Election. Accessing BetOnline is simple as the mobile friendly website can be visited through any mobile devices web browser since there is no downloadable app available. BetOnline’s mobile site brings the entire sportsbook featuring the most up to date Presidential odds right to your devices screen. BetOnline is a legitimate sportsbook that has never had any issues with paying players out on time while also having various ways to deposit and withdraw funds. If looking to profit off the process of selecting the next US President then BetOnline is the perfect place to do so at.
MyBookie – Trusted US Presidential Election Betting For Years
MyBookie is one of the most comprehensive online sportsbooks offering bets on the 2020 US Presidential Election. The mobile friendly site can be accessed while waiting in line at the voting polls or while ordering coffee at a local cafe. No matter where you are, MyBookie is not far away and with the 24/7 news cycle of the Presidential Election whenever breaking news hits this online sportsbook is available at all times accepting bets. Choosing to place bets with MyBookie ensures risk takers are betting at a legitimate sportsbook featuring an easy to reach customer service department should any problems occur. MyBookie also has a moderate amount of ways to deposit and withdraw funds making this one of the best value sites to bet on which political party will be in control of the office of the US President for the next four years.
Betting on the Electoral College in the 2020 US Presidential Election
While many bettors prefer to just bet on the overall winner of a given Presidential Election many legal sportsbooks offer odds on which candidate will win the Electoral College in each state. Betting on the Electoral College is an alternative way to vote on the Presidential Election when the candidate is heavily favored to win the popular vote. The Electoral College is the one process that decides which candidate will win the Presidential Election and betting on each individual state is a good way to build a bankroll off the US Election. Below are two examples of what Electoral College betting on the 2020 US Presidential Election would look like at sportsbooks.
The Presidential Debates Effect On The Election Odds
The Presidential debates are some of the most important parts of the American Political Process as it gives candidates the platform to discuss the differences in their campaigns. Since the first Presidential Debate on September 29, Democratic Nominee Joe Biden’s odds to win the election have become even more favored, moving from -129 to a -148-favorite overnight. Meanwhile, Trump’s odds became longer after the debates, as he went from a +109 to a +135 underdog. The Vice-Presidential debate between Mike Pence and Sen. Kamala Harris shifted odds at sportsbooks even more as the Biden-Harris campaign is now a -200 favorite to win the White House while the Trump-Pence campaign has faded to +170 odds of winning the 2020 US Presidential Election. With two Presidential debates left, there is still time for these odds to shift before Americans decide who will be the Commander in Chief on November 3.
Other Types Of 2020 Presidential Election Betting Odds
There will be a handful of other types of 2020 Presidential Election betting odds up on various online sportsbooks within their political wagering section. These are mostly political prop type bets and there is no limit to how many will pop up at one time. During the debates, which begin at the end of September, bets on how much a certain word is said or how long a candidate will speak are often up for gambling purposes. With the Coronavirus still being a very big part of daily life, this section of bets for the 2020 Presidential Election is expected to be big to make up for the lack of other events happening to wager on. Below you will find a few bets and their odds that are currently up on sportsbooks like Bovada.
The Odds Trends For The Presidential Election From March 2020 – Present Day
Below is a list of the odds from Bovada Sportsbook and how they’ve changed since March 2020. Biden began as an underdog, then as the favorite, and now even with President Trump.
- March 2020: Donald Trump (-115) Joe Biden (+130)
- April 2020: Donald Trump (-115) Joe Biden (+140)
- May 2020: Donald Trump (-120) Joe Biden (+120)
- June 2020: Donald Trump (-110) Joe Biden (-110)
- July 2020: Donald Trump (+135) Joe Biden (-150)
- August 2020: Donald Trump (-110) Joe Biden (-110)
- September 2020: Donald Trump (-120) Joe Biden (-120)
- October 2020: Donald Trump (+180) Joe Biden (-200)
June was the first month that Biden and Trump tied for the same odds to win. This was after George Floyd’s death and the public’s outrage of the lack of action taken by Trump against law enforcement when it came to BLM. Meanwhile, Biden was scouting for a Vice Presidential running mate and looking specifically at qualified African American women to take on the role of his second in command which raised his popularity numbers in the public eye.
By July, Biden trumped Trump’s odds of winning based on his speeches about equality and how he would go on to handle the Coronavirus Pandemic. Trump did less speaking on the topics and when he did, they were lacking in apology for BLM and didn’t seem to give the American people the answers they were seeking on how the Coronavirus would be handled. In August 2020 and going into September, both men have managed to maintain the same chances at winning the election despite Biden naming Kamala Harris as his Vice President in August. There was hope that naming her officially would give him the upper hand again.
Key Dates For The Upcoming Presidential Election
While the betting odds on the presidential candidates are bound to change, bettors can keep aware of when these changes are going to happen by knowing certain key dates. If a candidate performs poorly at a debate or loses a state’s primary, it can seriously affect their betting odds. Some of the most important dates to keep an eye on for betting on the election include:
January 14, 2020: Democratic Debate Number 7
Bernie Sanders and Pete Buttigieg all impressed during the debate with a major stand out moment occurring from Sanders on supporting a female presidential candidate.
February 3, 2020: Iowa Caucuses
Pete Buttigieg took a narrow lead over Senator Bernie Sanders’ 13 delegates to Sanders’ 12. This gives Buttigieg a slight 22 to 21 lead over Sanders.
February 7, 2020: Democratic Debate Number 8
Both Bernie Sanders and Pete Buttigieg put on a show as they established themselves as the clear-cut leaders to represent the Democratic Party in the upcoming election.
February 11, 2020: New Hampshire Primary
Bernie Sanders gained a slight lead over Pete Buttigieg. Both candidates ended with 9 delegates, with Sanders taking 75,690 of the votes (25.7%). Buttigieg took 71,999 of the votes (24.4%).
February 19, 2020: Democratic Debate Number 9
Despite being the favorite, Bernie Sanders remained rather unscathed by his opponents. Instead, Elizabeth Warren continued the targeting of Michael Bloomberg while Pete Buttigieg looked to keep the peace and calmness in the group. Biden limited his gaffes and held a strong performance.
February 22, 2020: Nevada Democratic Caucus
Bernie Sanders took an overwhelming victory at the Nevada caucus, going home with 46.8% of the votes, and boasting 24 delegates.
February 25, 2020: Democratic Debate Number 10
Michael Bloomberg redeemed himself during the debate while Bernie sanders took a beating from all other candidates accusing him of being a communist. Joe Biden may have been the story of the night however as he was able to regain some momentum heading into the South Carolina primary, an event Biden needs to win in order to stay in the race.
February 29, 2020: South Carolina Democratic Primary
To no surprise, Joe Biden took control of South Carolina. His 35 delegates (48.4% of the votes) proved the mid-Atlantic region is his to lose. Bernie Sanders (13 delegates, 19.9% of votes) also received some support as well with no other candidate breaking past a dozen percent of the votes or receiving a delegate.
March 3, 2020: Super Tuesday primaries
Joe Biden won important victories in key battleground states like Minnesota and Massachusetts after many other moderate candidates dropped out and endorsed his campaign in the days leading up to Super Tuesday. After entering the day trailing Senator Bernie Sanders in delegates, Biden finished it with a lead of nearly 200 delegates.
March 10, 2020 – Six More State Primaries
Joe Biden again won important primary victories in Idaho, Michigan, Mississippi and Missouri. Ballots are somehow still being counted in Washington, where the race is very tight and Biden holds a slight edge. Sanders’s only state win for the night was in North Dakota.
March 15, 2020 – Democratic Debate 11
Joe Biden and Bernie Sanders exchanged haymakers in a strange debate that featured no audience and strict spacing between candidates out of fear of the Coronavirus, which was the focus of much of the debate. Biden made some notable gaffes and false claims, but Monday polls indicated little change in voter perception of the two candidates.
April 8, 2020 – And Then There Was One
Senator of Vermont Bernie Sanders officially drops out of the race for the 2020 Presidential Election. This leaves former Vice President Joe Biden as the sole Democratic candidate for the Presidency.
August 11, 2020 – Kamala Harris Become VP Choice
Joe Biden officially announced that Kamala Harris would be his running mate. Though names like Susan Rice and Val Demings floated toward the top of the oddsboard, Biden selected the California senator.
August 17-20, 2020 – Democratic National Convention
Former Vice President Joe Biden became the Democratic nominee in the DNC and will take on the incumbent, Donald Trump, in the 2020 US election. The event was held virtually due to the coronavirus.
August 24-27, 2020 – Republican National Convention
Just a week after the DNC, the Republicans held their convention in Washington DC, Charlotte, and from a variety of virtual locations. Without a true challenger, Trump was renominated as the Republican candidate, as was Mike Pence for VP.
September 29, 2020 – Presidential Debate #1
In the first showdown between Donald Trump and Joe Biden for the 2020 presidency, Fox News’ Chris Wallace is set to moderate the first Trump-Biden debate that will be held at Case Western Reserve University in Cleveland.
October 7, 2020 – Vice Presidential Debate
In this 90-minute uninterrupted debate, Senator Kamala Harris will take on Vice President Mike Pence at The University of Utah in Salt Lake City. USA Today’s Susan Page is set to moderate the event.
October 15, 2020 – Presidential Debate #2
Originally scheduled to happen at the University of Michigan, the second presidential debate will take place at the Adrienne Arsht Center for the Performing Arts in Miami. CSPAN’s Steve Scully is slated as the moderator for this 90-minute debate.
October 22, 2020 – Presidential Debate #3
Moderated by NBC News White House Correspondent Kristen Welker, the third presidential debate in 2020 will take place at Belmont University in Nashville. As the final debate, the 90-minute showdown will feature six 15-minute segments.
Understand Election Odds Versus Campaign Financing
There is a strong positive correlation between campaign spending and election success. Most years, whichever candidate spends the most money will win the election. This can result in sizable discrepancies between how well a candidate is polling and how favorable their odds are. If a candidate who has spent a lot of money is polling well but their odds aren’t too favorable, it can lead to a smart bet that can be used to hedge later. Understanding campaign finance can be a great way to get ahead in political betting, but that doesn’t mean that campaign spending is the end-all, be-all.
As of March 2020, here are campaign spending reports for top candidates:
- Michael Bloomberg: $1.06 billion
- Tom Steyer: $347.5 million (Q3 and Q4)
- Donald Trump: $245.6 million
- Bernie Sanders: $214.9 million
- Joe Biden: $134.6 million
- Elizabeth Warren: $128.4 million
- Amy Klobuchar: $54.0 million
- Andrew Yang: $41.8 million
- Pete Buttigieg: [No FEC data]
- Howie Hawkins (Green Party): $100,890
- Vermin Supreme (Libertarian Party): $59,068