Georgia Senate Runoff Political Betting Odds Favor Both Republicans

  • (R)Kelly Loeffler is a -220 favorite over (D)Raphael Warnock in the Georgia Senate Runoff.
  • The Georgia Senate runoffs will take place on January 5, 2021.
  • (R)David Perdue is favored to defeat (D)Jon Ossoff in the Georgia Senate runoff.

ATLANTA – The 2020 US Election is still far from over as the Presidential and House of Representatives have already been decided but the balance of power in the US Senate has yet to be decided.

As it currently stands, both the Democratic and Republican Parties each have 48 seats in the Senate with two seats that still need to be filled.

Those two seats will be for the winners of the Georgia Senate runoffs that will be held on January 5, 2021. The reason Georgia will have a runoff is that no candidate finished with over 50% of the vote and by law, the top two vote-getters will face off to decide the winner.

For political betting fans, each Republican is favored in the race, but due to the Democratic party's performance in the state the past couple of years, each race will likely be close.

However, with both Republican candidates calling for Georgia’s Secretary of State to resign, it remains to be seen if it will have any impact on Loeffler’s and Perdue’s hopes of being elected and their Senate odds.

Georgia Senate Runoff

  • (R)Kelly Loeffler -220
  • (D)Raphael Warnock +155

Winner: (D) Raphael Warnock (+155). Warnock won the first election by a moderate margin over Loeffler. Warnock received 1,613,785 (32.9%) votes compared to Loeffler’s 1,270,732 votes (25.9%).

That margin could grow as the Democratic Party did win Georgia in the 2020 US Presidential Election and have made the state a battleground instead of a Republican stronghold in the last couple of years. Take the +155 odds on Warnock here as his lead over Loeffler will likely grow.

Georgia Senate Runoff

  • (R)David Perdue -400
  • (D)Jon Ossoff +250

Winner: David Perdue (-400). Perdue narrowly edged Ossoff in the first election falling only 0.3% short of getting the 50% needed to notch a victory.

Perdue received 2,457,850 (49.7%) votes while Ossoff only received 2,369,534 (47.9%) votes on Election Day. That margin is very close and for Ossoff to pull off the upset he’s going to have to hope he can flip more voters in the state.

Perdue benefits from the history of Georgia being a primarily Republican state but it does seem like Georgia is trending towards being considered more of a swing state especially in the past two elections.

The winning vote margin for Perdue forecasts that he will likely win this runoff election which is why Perdue’s -400 odds are the best bet at online sportsbooks for the Georgia Senate runoff odds.