2020 US Presidential Election Odds
Throughout the 2016 election cycle, Donald Trump was a massive betting underdog. Even at 8 p.m. on election night, Trump’s odds sat at +550. Instead of the decisive Hillary Clinton victory oddsmakers expected, Trump won narrow battles in key swing states throughout the night, eventually leading to his upset victory. In 2020, Trump is now the underdog to Joe Biden.
The Democratic primary involved one of the broadest pools of candidates ever, with former Vice President Joe Biden emerging as the likely winner with all other candidates dropping out. However, some have speculated that the Democratic National Convention might look to replace Biden with someone else, as enthusiasm for Biden wavered with recent allegations of sexual assault and ongoing questions about potential cognitive decline.
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.
Current 2020 Presidential Candidates + Odds To Win The 2020 Election
Since Joe Biden has become the sole candidate for the Democratic Party, his odds have gotten shorter and shorter and have even overtaken Donald Trump as the favorite to win the election. All major online sportsbooks have Joe Biden favored over President Trump. Joe Biden’s surge can be attributed to the Trump administrations slow handling of the coronavirus pandemic as well as Trump’s recent responses to protests that have engulfed the nation. The election has become a close fight at online sportsbooks, with no clear choices being made by online political bettors.
Types Of Presidential Betting Odds
The range of bets for political elections is fairly limited. The main bets available for the general election right now are futures bets on who which candidate or party will win the election. There are also odds on who will be the vice president on the Democratic side. You can bet on who will win individual state primaries, as well who the Democratic nominee will ultimately be. Because political elections are so fluid, their betting odds can change rapidly. Most sportsbooks update election odds at least once every few days during the lead-up to the election, and then several times a day during the general election.
Odds To Become 2020 Democratic Nominee
While sportsbooks will still list a few candidates who have not yet put their names in for the running toward a Democratic nomination, only one man actually remains. Former Vice President Joe Biden is the only one left in the race for the 2020 Presidential ballot. All of the odds are currently in his favor to represent the Democratic Party in the election for President of the United States against current President Donald Trump.
Betting Odds For The 2020 Vice President
Despite the candidates being nearly selected, bettors can also bet on the election in regards to the Vice President of the United States. While the nominees for the Presidential election appear to be set in stone, there is still some intrigue surrounding who each candidate will select as their running mate. On the Republican side, some have speculated that President Trump might look at someone younger to be his running mate to energize voters. On the Democratic side, presumed nominee Joe Biden has committed to nominating a woman as his running mate but has still yet to specify exactly who.
How To Get Started With Political Betting
As we have said above on this page, you will not find political betting odds at retail sportsbooks. That is why online offshore sportsbooks are the best way for you to get started. You can sign up for your free account on sites like Bovada or BetOnline and you will be on your way to bet on the 2020 elections. Once you have signed up, all you need to do is find the political section of the sportsbook and you can easily make your bets on the elections.
Betting on politics is not just restricted to being on your desktop or laptop. Breaking news happens all the time, and you might want to bet on the elections when you are out traveling. On all of the online offshore sportsbooks we recommend, each is equipped with a fully capable mobile betting app which will allow users to take advantage of any odds shifts no matter when, no matter where. All you need is connect to the internet, look up your favorite sportsbook, and then you will be automatically redirected to the mobile version of the site. From there, you will be able to bet on 2020 Presidential election odds just like you normally would have if you were at home.
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US Presidential Election 2020 – Winning Party Odds
When it comes to US Presidential betting odds, the winning party odds is a rather simple category. All you have to decide is which party the next president will be a part of. If you believe that Trump will win re-election, you will want to bet on Republicans. But if you think a Democrat will unseat him, then you will bet on the Democrats. There is, of course, the chance that a third party will pop up. However, it has been historically proven that third party candidates have never really had a shot of becoming President. It is possible that our recommended online offshore sportsbooks will not have a third-party option because of that reason.
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.
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
Other Types Of 2020 Election Betting Odds
From time to time, there will be other categories that pop up during the 2020 elections. They usually appear when the Democratic party has a debate. From there, the sportsbook will display a number of props for the debate. They can be anywhere from who will have the most speaking time to will a candidate wear a tie or not. For now, due to COVID-19 (coronavirus), sportsbooks are offering lines that are slightly more off the wall.
House and Senate Balance of Power
Donald Trump Electoral College Results