You can bet on all the major sports, as well as some niche ones, and there’s a separate section for political betting, including the US presidential election. In this article, I’ll be taking a look at the best 2020 presidential election betting sites, and I’ll be revealing a few strategies, tips, and tools that will help you place better bets. Democratic candidate Joe Biden has emerged as the clear favourite in online betting markets to win the US presidential election. The current odds are the worst president Trump has been associated with within eight months. However, Trump resurfaced from a more difficult situation four years ago to win Hillary Clinton. According to Betfair, president Trump is also 9/10 to win the popular votes.

Election Reflection

Of the money that has been bet, 50.6% of the money ($187 million) has been bet on Biden and 46.6% ($172 million) has been wagered on Trump, with $10 million bet on other candidates earlier in the year. ET, Betfair Exchange, its peer-to-peer betting platform, has seen $369 million worth of bets on the race, company spokesman Sam Rosbottom tells the Action Network. Betting expected to be fast and furious over the next 24 hours that it’s possible that the total will surpass $500 million in wagers. Presidential Election did $281.9 million in bets when adjusting for inflation.

U S Presidential Election Resources

Nevada and Georgia have both released votes over the past hour and the numbers continue to break right for Biden in both states. According to the odds, Biden is close to a 90% favorite to be the next president. Joe Biden is now a 90.5% favorite to win the 2020 Presidential Election. The former Vice President’s odds have continued to improve throughout the afternoon as more and more votes have been tabulated in Pennsylvania, Georgia and Nevada. This comes as Donald Trump’s leads in Pennsylvania and Georgia are slowly slipping away.

Joe Biden Still Most Likely To Take On Trump After Polls Boost

Read on for everything you need to know about Presidential Election odds, key dates, who is running and how it all works. The fact that the second Presidential debate has been canceled will take away some of the shift in odds, but they will continue to be adjusted right up until Election Day. Know the Senate majority – As with the house, the Senate flips from Dem to Rep control occasionally. Historically, a party majority in the Senate bodes well for a Presidential incumbent of the same party, but this is not always the rule. The House incumbent retention rate is over 90%, making most races a foregone conclusion for bettors and books alike.

We would assume that the latter will change as different votes and elections take place, but this was all that was apparent at the time of testing. What you get from XBet is a bit more of a scatter gun approach than the three we’ve already mentioned. The politics section hasn’t a great deal of structure, but it does include a lot of markets to bet on still. For the final section, miscellaneous, this will depend on the time of year and what’s happening in global politics. It’s usually made up of election winners from countries such as the UK, Philippines, Brazil and anywhere that’s running an election at that time.

Pointsbet's Us Election Odds

Currently, a couple of weeks on, his odds givehim more than a 30% shotof being victorious on November 3rd. In comparison, his percentage odds were as low as 16% against Hilary Clinton and he still pulled off an upset. The swing states figures in Georgia, Iowa and Ohio have the Republicans on top, and they are more important than New York and California when you factor in the Electoral College. Casino gambling on elections is currently illegal throughout the country. A Nevada lawmaker proposed opening the state to political wagering in 2014, but the bill died before making it to the state legislature's floor. For years, Vaccaro has watched billions of dollars pour into Nevada for sports betting.

The downside for both Harris and Biden is the very real prospect of the Democrats losing control of the House of Representatives in the 2024 mid-term elections. Republicans currently lead the way as -220 chalk to retake the House in 2022, which would make life miserable for both the current president and vice president, and open the door to challenges from rival Democrats. Though political betting is illegal in the US, there’s some clever nibbling at the edges, as with DraftKings’ free-to-play pool that poses questions as to the presidential winner and which states Trump and Biden could win. The tradition immigrated to North America with English colonization, becoming entrenched until just before World War II, when legislation followed public sentiment and other forces in banning it. An estimated $160 million was wagered on the 1916 US presidential election, underscoring how dollars followed opinions and passions in politics as in sports.

The president’s approval rating dropped to 43%, with disapproval now at 53% — the first time disapproval has crossed above 50%. The obvious alternative is for Democrats to include the debt increase and suspend the borrowing limit in the reconciliation bill, which their party can pass without Republican support. Adding further pressure, Pelosi signaled this week that she won’t move the reconciliation bill to a vote in the House without an agreement with Senate Democrats that would get them to the 50-vote threshold. Doing otherwise would put House moderates on the hook for a vote that would die in the Senate. House Speaker Nancy Pelosi (D-CA), at the time, made a deal with the moderate members of her caucus that she would bring the infrastructure bill to a vote by Sept. 27 . Several critical deadlines are colliding on Capitol Hill next week and Democrat leadership is under immense pressure to come to consensus within their majority party.