Updated every four hours, this is an electoral map based on the then-current PredictIt market odds for the 2020 presidential election. Use the timeline feature to view the map based on the final update each day. Unless the odds are exactly 50%, the toss-up color is not used in this map. The results of the presidential election could sway the fate of millions of Americans. But that’s not what we’re here to think about. Instead, we’re here to learn how to bet on the 2020 presidential election online – and win. In 2016, President Trump won and created a solid profit for many bettors who backed him.
2020 Election Odds Updates Dec. Sportsbooks have been holding onto all money bet on the 2020 presidential election — part because of Donald Trump’s attempts to overturn the election, but mostly because they could. Monday, some books began paying out Biden bettors after the electoral college voted to confirm his victory. FOX Bet Super 6 presidential debate contest returns, and your question could be used in the game FOX Bet Super 6 is a fun way to engage with the presidential debates, and with FOX NFL Sunday. “The winner of the 2020 presidential election was and continues to be the biggest event in Bovada’s history,” Bovada political oddsmaker Pat Morrow wrote on November 7.
The results of the presidential election could sway the fate of millions of Americans. But that’s not what we’re here to think about. Instead, we’re here to learn how to bet on the 2020 presidential election online – and win.
In 2016, President Trump won and created a solid profit for many bettors who backed him. And if you wager correctly this time around, you could get really rich, too! And that’s why this article is here – to show you a betting strategy that can improve your chances of winning.
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.
Best Presidential Election Betting Sites
BetOnline is a U.S. sports betting site that’s good for political betting. It has a great layout, good early lines, and fast payouts.
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BetWay is one of the most impressive and reputable European betting sites that can be accessed in the states. 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.
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Easily the U.S.’s premier sports betting site, Bovada is hard to beat when it comes to political odds and futures. Futures odds often change by the minute, and Bovada offers some of the most competitive odds around.
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Betting On The Presidential Election: Full Guide
Helpful Stats & Facts For Betting On The Presidential Election
- Only 13 Presidents have completed two terms
- Joe Biden is the oldest candidate to be elected as a first-term president
- There have only ever been two presidents who were also divorcees – Ronald Reagan and President Trump
- Only two presidents have ever won 49 out of 50 states
- You can win the popular vote but lose the election, and this has happened four times so far
- Donald Trump raised $512.2m during his 2016 election. Hilary Clinton raised $1,068.1m and still lost
- Ohio has voted for the winner every single time bar one since 1944
The Most Popular Types of Presidential Election Bets
There are only twos type of bets you can place:
With a moneyline wager, you’re wagering on one of two possible outcomes. For example, you might wager on the winning party, or you might wager on Joe Biden to win the 2020 popular vote. Or, you might bet on electoral college votes, such as either Biden or Trump to win 400+.
Props betting is a little more interesting because you bet on all kinds of things, including who will be X’s running mate, how long a televised debate will last, how many times a candidate might say a specific word during a debate, and so on.
A prop bet might look like this:
Will Donald Trump be impeached before the 2020 elections?
- Yes (+175)
- No (-250)
US Presidential Election Betting Strategy
It’s not easy to predict who’ll win the 2020 election. And because you only have two candidates to choose from, it would seem that you haven’t got much room for maneuver.
The best way to play this, therefore, is to play the electoral betting odds.
What do I mean by this?
Essentially, this is a form of arbitrage betting which requires you to back a candidate and then lay them later on.
Here’s what I mean:
When a candidate is an outsider according to the latest presidential election odds, now is a good time to back them. Then, as the campaign gets underway and their odds shorten, you can lay them via a betting exchange.
What does “lay a bet” mean? Tulalip casino poker calendar.
This is when you use a betting exchange, such as BetDaq, to wager on something not to happen.
By backing a candidate when they’re an outsider, before laying them when their odds have shortened, you can guarantee yourself a profit no matter what happens.
Tips For Betting On The Presidential Elections
Watch Out For Strange Promises
Anyone who makes extravagant promises that the general public knows they’re not going to keep isn’t going to win. For example, over in the UK, the opposition leader, Jeremy Corbyn, told everyone his party would provide free broadband for everyone in the coming years. The public saw this as a desperate attempt to secure their vote – and it didn’t work.
Watch The Misery Index
The Misery Index measures economic misery and combines the sum of the percentage inflation rate + the percentage unemployment rate. If it rises during a president’s first term, said president tends not to land a second term.
Unfortunately for Trump, COVID-19 has caused mass unemployment in the United States.
Watch the S&P
If the S%P 500 does really well during the end of July and the end of October, the current president tends to secure another term.
On the other hand, if the stock market tumbles during that period, the opposition party usually gets in.
That said, COVID-19 has really skewered the numbers this year, so that’s something else to bear in mind.
Political betting can be a lot of fun when you do the right things. Use the tips in this article to improve your chances of winning in this year’s election. Remember never to bet more than you can afford to lose and always bet with your head and never your heart.
Don’t forget to let me know how you get on in the comments below!
How to bet on the 2020 Presidential Election
It is time for the 2020 Presidential election and it is sure to go down in history as one of the closest races ever. Election betting is starting to heat up and everyone is putting money down on the outcome of this global event. Choose your candidate and get ready to place a wager. This is how to bet on the 2020 presidential election.
Predicting political outcomes has always been a big betting business, but this year it is more than ever. There are more bets coming in on this election than any popular sports betting event. When it comes to politics, people get passionate about who they think will win and they don’t hesitate to bet on it too.
Trump vs Biden Odds
The Trump vs Biden odds are always changing and so it is important to track the odds at sportsbooks that offer the odds around the clock. They are always changing. At one point Biden was a slim -125 favorite, but that has changed. In the latest look at the Trump vs Biden odds; Joe Biden is -170 to become the next President of the United States. Donald Trump is +130 to keep his job, but what do the odds mean?
Understanding Election Betting Odds
If you want to bet on the 2020 Presidential Election, you have to understand the odds. The current odds at #1 rated sportsbook, My Bookie are as follows:
Joe Biden (-170)
Donald Trump (+130)
So how do you read these odds? Joe Biden is the favorite, and that is evident by the (-) next to his odds. If you want to bet on Biden to become the next President you will have to lay $170 to win $100. Trump is the underdog in this election and that is why he has a (+) next to his odds/ If you believe Trump will remain as President and you wager $100, you would profit $130 should Trump win the election.
Where Can I bet on the Presidential Election?
You can bet on the Presidential Election right now! All of the top sportsbooks offer up betting on this global event. But you want to bet at the best sportsbook and that is My Bookie.Join for free and they will instantly double your deposit to bet on the Presidential Election.
Betting Odds 2020 Election
It’s time to pick a side, who’s it going to be?