Political Betting Odds - Betting On US Elections
Betting on elections in the United States can be a profitable and fun endeavor, and an interesting way to get involved in the political process, if a little detached from the realities of what politics represent to the average person. United States political election odds are easy to find and bet on and can be rewarding betting practices. Generally, political odds take the form of bets on who will be a party’s nominee, and who will win in elections, but they can get more esoteric and out there – for example, sportsbooks sometimes offer bets on how many times Trump will tweet in one day, occasionally compared to other events.
Is It Legal To Bet On US Elections?
The way political betting works in the US is that it is generally not allowed at state-sanctioned sportsbooks, which are very specific to only betting on sports. This is also a phenomenon encountered when trying to bet on, for example, occurrences that happen during the Super Bowl like the amount of commercials. State-sanctioned sportsbooks are not allowed to offer odds on things that are not specifically defined within the laws of sports betting within their state as their status depends on a limited view of what sports betting is. Election betting falls outside of that, and so the best way to bet on elections in the United States, interestingly, is to go to sportsbooks outside of the United States: the online offshore sportsbooks. At these venues, betting on political events can happen regarding both US and international politics.
Political Betting Odds
Some examples of political betting odds that should be familiar to everyone are the odds-on which party will win the next presidential election. Currently, the odds are as follows:
Winner Of 2020 Presidential Election:
- Democratic Party -185
- Republican Party +140
You can even get a little bit more specific with your betting options and slate. For example:
2020 US Presidential Election Winner:
- Joe Biden -165
- Donald Trump +145
Joe Biden has overtaken Donald Trump in the race to win the White House amidst the COVID-19 pandemic and the George Floyd/Black Lives Matter protests. This is an unprecedented moment in America, and political betting odds are obviously in flux. Things are so in flux, for example, that you can find different odds on the presidential race depending on what website you use. This is a good reason to shop lines at various online sportsbooks - certain sportsbooks seem to favor certain events to happen more than others.
Things are so in flux, for example, that you can find different odds on the presidential race depending on what website you use. This is a good reason to shop lines at various online sportsbooks - certain sportsbooks seem to favor certain events to happen more than others. Let’s check out the odds on the presidential race from both Bovada and BetOnline, and see what we can learn:
BetOnline - Odds to Win the Presidential Election:
- Joe Biden -190
- Donald Trump +160
- Hillary Clinton +2000
- Mike Pence +4000
Bovada - Odds To Win The Presidential Election:
- Joe Biden -165
- Donald Trump +145
- Hillary Clinton +5000
- Mike Pence +7500
- Kanye West +7500
As you can see, the odds vary drastically, even looking at the two people who are, barring a catastrophic event, going to be on the ballot in November. At BetOnline, Joe Biden has -190 odds, while at Bovada, his odds are -165. This means that if you wanted to bet on Biden, you’d want to use Bovada.
Meanwhile, the reverse is true of people who want to bet on Donald Trump. At BetOnline, Trump has +160 odds, while at Bovada, he only has +145 odds. This means that Trump backers will want to use BetOnline for now, as they will get more bang for their buck.
The rest of the candidates are basically longshots. They require more than a little bit of wishful thinking, as people around the country wonder how we got to this point. Hillary Clinton keeps showing up, presumably because people bet on her, and now Kanye West has re-entered the conversation. One thing worth noting is that alternative Dem candidates seem to show up more than alternative Republican candidates, which is likely due to the hold Trump has on the Republican party - a hold that Biden does not replicate with the Democrats.
Best Sportsbooks To Bet On Politics
There are many excellent online sportsbooks that you can use to bet on political events such as the 2020 US presidential election. We have reviewed several of them below, for your convenience. All of them are legal sportsbooks for political betting and offer prop bets that extend past the various options explained on this page. While some are serious and to the point, others are funny and ridiculous such as what color tie a candidate will wear.
Bovada Sportsbook - Offers US Political Betting Odds By The Dozens
Bovada is the industry standard in online sportsbooks, one of the largest fish in the sea, so to speak. The website is sleek and easy to understand, their online betting cart is simple and easily modifiable, their odds are quite good, and they cover a vast range of sports and political betting opportunities. On mobile, Bovada serves mobile bettors by providing a version of its website that is optimized for the use of mobile devices, without the need to download an app or anything else. Simply navigate to Bovada on your computer, tablet or smartphone, sign up, and start betting.
MyBookie Sportsbook - Featuring Obscure Odds On US Politics And Elections
MyBookie is known for their off the wall bets, and that, of course, includes their political betting section. MyBookie has some truly incredible bets up right now, that range from the typical US presidential odds to bets on which terrorist will be captured or killed next, to which country will join Iran should they declare war against the United States. If you want to see weird lines and weird bets, check out MyBookie – they are unparalleled. Of course, they also have everything anyone could want from an online sportsbook, from good customer service to a well-built website and well-optimized sports betting mobile app. Make sure you check out MyBookie when placing your bets.
BetOnline Sportsbook - Most Up To Date U.S. Political Betting Odds
BetOnline is one of the best political sportsbooks around. BetOnline is focused on allowing you to place wagers on all types of events, and politics falls under their broad umbrella. They are a premier destination for politics bettors, primarily because of their excellent range of odds and prop bets. There are a large amount of ways to place wagers on politics at BetOnline, from wagering on the electoral college results to betting on whether or not Twitter will ban Trump before 2021. Whatever you want to place a wager on, BetOnline has it.
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Using Polls To Help Bet On Elections
Polls are anything but predictive, but they can tell us some things about how results generally seem to look. When using polls to bet on presidential elections, it’s important to understand what they are – polls are, functionally, surveys. They don’t measure nuance well, and they don’t measure the effects of things that will happen in the future, they measure what is happening right now. They are limited tools, but they are the best we have. Some other things to take a look at include fundraising numbers and advertising expenditure.
US Election Events 2020
- February 3rd: Iowa Caucus: The Iowa Caucus in 2020 was something of a debacle, with Pete Buttigieg winning the delegate count and state delegate equivalents, and Bernie Sanders winning the popular vote.
- February 11th: New Hampshire Primary: The New Hampshire Primary was won by Vermont Senator Bernie Sanders, with Pete Buttigieg in second and Amy Klobuchar in third.
- February 22: Nevada Caucus –The Nevada Caucus was won by Bernie Sanders by a large margin, vaulting him to the top of the delegate count.
- February 29: South Carolina Primary – The fourth caucus or primary of the year, and especially important to the democratic electorate as many candidates have staked their claim on winning South Carolina, especially former Vice-President Joe Biden.
- March 3rd: Super Tuesday – Biden rode a wave of consolidated moderate support to huge victories on Super Tuesday, transforming himself from a distant underdog to a party frontrunner overnight. Biden captured victories in key battleground states like Massachusetts, Texas and Minnesota.
- June 7th: The last primary, in Puerto Rico.
- July 13-16th: Democratic National Convention
- August 24-27: Republican National Convention
- September 29th: First Presidential Debate (South Bend, IN)
- October 7th: Vice Presidential Debate (Salt Lake City, UT)
- October 15th: Second Presidential Debate (Ann Arbor, MI)
- October 22nd: Third Presidential Debate (Nashville, TN)
- November 3rd: 2020 Presidential Election
Prop Betting On The 2020 Presidential Election
There is a vast amount of prop bets that you can get action on at various online sportsbooks, and we will highlight several of them here. At this point in the race, many are focused on the Democratic Party’s vice-presidential candidate as well as electoral outcomes.
Odds To Win Popular Vote In 2020:
- Democrats -800
- Republicans +385
Democratic Vice President 2020:
- Kamala Harris +105
- Susan Rice +300
- Tammy Duckworth +800
- Val Demings +800
- Elizabeth Warren +1400
- Michelle Obama +1800
House And Senate Balance Of Power:
- Democratic House, Democratic Senate -135
- Democratic House, Republican Senate +175
- Republican House, Republican Senate +550
- Republican House, Democratic Senate +6000
President Trump Election Props:
- To Lose Electoral College & Popular Vote +125
- To Win Electoral College, Lose Popular Vote +200
- To Win Electoral College & Popular Vote +300
- To Lose Electoral College, Win Popular Vote +140
Depositing At Political Sportsbooks
Depositing your money at the best political sportsbooks can be an important task to undertake. These sportsbooks tend to be located offshore, so you need to find the best ways to get your money into and out of them. Generally speaking, you have access to the following methods of deposit at most online sportsbooks that offer politics betting. Make sure you doublecheck with the specific sportsbook you plan to use - this is a general list:
- Bitcoin Cash
- Credit Cards
- Debit Cards
- Prepaid Cards
- Wire Transfers
One deposit method that is worth highlighting at the online sportsbooks that offer political betting is bitcoin. Bitcoin is a great way to deposit into online sportsbooks, not only because it is fast and cheap, but because they offer a lot of bonuses for using it. These bonuses do apply to other cryptocurrencies at most online sportsbooks, but bitcoin is basically the industry standard in cryptocurrency. It’s definitely worth checking out next time you want a bonus at a sportsbook.
Withdrawing From Politics Sportsbooks
When it comes to getting your money out of sportsbooks, there are a couple big things to consider. The first one is how many fees will be applied to your transaction. A lot of withdrawal methods come with fees in order to receive your money. The next thing to consider is time. All withdrawal methods will take some time for your money to reach you, but some of them will take far more time than others. Let’s take a look at some of the most common withdrawal methods at the online sportsbooks. Not all of them offer all of these, but most of them will have several of these as options:
- Bitcoin Cash
- Other Cryptocurrencies
- Check by Courier
The cryptocurrencies tend to be the best way to get your money out of an online sportsbook. This is because they are the method with the lowest fees and fastest transaction times. There are other methods available, of course, but generally speaking, we recommend using cryptocurrency when withdrawing from politics sportsbooks.
Betting On Politics On Your Phone
Given that political betting is only available at the offshore sportsbooks, this discussion will revolve around using them for your political betting needs on your mobile device. Basically, they all use mobile websites - you don’t need to download any apps. All you need to do is visit them on your mobile device of choice, whether it be iPhone or Android. When you get to their website, the website will notice that you are on a mobile device, and show you the mobile website. This website looks and feels like an app, with a sleek mobile interface, but provides all the functionality of the normal website. In this way, you can place wagers on politics while using your phone or other mobile device, without having to download anything.
Live Betting On Politics
Live betting on politics is a rarity, given that much of political betting is simply waiting for the best odds on what is happening. That said, on election day, the odds will be consistently updating as long as action is coming in. If you think you notice a trend in Florida that bodes well for Biden, you can place a wager on him - ideally before the sportsbooks notice the same trend. By the same token, if Trump is doing well in Wisconsin, that could be a sign that he’s looking at another term, and there’s a bet to be made there as well.
Sportsbook Bonuses and Promotions for Political Betting
When using an online sportsbook, you will have the opportunity to cash in on many different bonuses and promotions offered by the website. These can be applied during your deposit process to give you added funds in your bankroll. The caveat is that these funds will not be able to be withdrawn until you have spent a certain amount of money on the site. Therefore, you should only take the bonus if you plan on making many bets with your account over a long period of time. If you are just creating an account to bet on one election or vote, then it is best to avoid the promotions.
Political Betting Odds FAQ's
Why can't I bet on US elections in my state?
Elections are not state-sanctioned betting, for a variety of reasons, the simplest of which is that the integrity of US elections is held sacred. Allowing gambling on such would cause conflicts of interest. All states set regulations that prevent this but bettors can find options at online sportsbooks.
How can I bet real money on the US elections?
You can use any of the online sportsbooks detailed in the article above to bet real money on politics. While we have selected several of our favorite sportsbooks to recommend, there are many, although we do not vouch for the quality of those not on our website. No matter the case, be sure to shop lines as a candidate's odds can be vastly different amongst sportsbooks.
How did the impeachment affect Trump's reelection odds?
It mostly didn’t, which is due to the fact that it was never going to get through the Senate. The Republicans would not allow a sitting president of their party to be impeached, and so it turned into a purely optical political battle, the kind of thing Trump is relatively good at managing. It remains to be seen whether it is a boon or a problem for him as far as optics go.