Betting on The 2020 Presidential Election

Red or Blue?
November will be here sooner than you think.

We all know that Nevada sportsbooks aren’t allowed to take bets on the U.S. presidential election but there are plenty of off shore sports betting outlets who are chomping at the bit to take your action while sports on on the back burner due to the coronavirus pandemic. Sport sportsbook have odds posted in Nevada for recreational purposes only so if you wannabet you better go elsewhere.

Odds as of this past week and via European sportsbook Betfair. If you’re new to betting, +120 odds mean a $100 bet would net $120 with a win. 

2020 Election Current Odds

• Donald Trump: +166
• Joe Biden: -188

You still have time to drop a few dollars on any of these Political Futures Bet,

What is a Political Futures Bet?
“If you are familiar with sports betting, you have become accustomed to looking at a daily betting line that may include the moneyline, point spread or the OVER/UNDER. Well, in politics, there aren’t many head-to-head daily matchups, but rather a broader question of who will be the Democratic presidential nominee or who will win the presidential election

This type of wager is referred to as a futures bet, where you place a bet on an event that takes place sometime in the future. This isn’t unique only to politics as you can place a wager on who will win the next Super Bowl, World Series, NBA championship, etc.

In politics, a slip-up in a speech or a strong showing in a time of need can greatly impact the betting odds that can swing largely week to week. This is referred to as line movement, which can sometimes tell us who is more likely to win the event. Additionally, different sportsbooks provide different betting odds so it is always good to research the various places before making your wager – consider it line shopping much like you may go to different grocery stores to get the best price for milk”

Just five days after seeing a boost from Bernie Sanders dropping out of the race, Joe Biden’s election odds are once again trending downward while Donald Trump’s continue to rise.

The next few months should be very interesting to say the least.