Types of Political Wagering Lines and Odds Offered For the 2020 Presidential Election
As you might imagine, the big bet here boils down to the big office. Who will win the Presidency is always the biggest betting line. And you can often find more than just a winner-loser dichotomy; you can actually bet on electoral vs. popular votes, winning percentages (like point spreads), and other variations in a single 1 vs. 1 election. Though you can also find betting lines on entire parties. For instance, the recent midterm elections had Republicans favored to take both houses of Congress, which they did. The next midterms may be reversed.
Governorships and even council members are always hot-button items on the betting circuit. You can find a range of different political lines on which to bet. You can also find prop bets, which will include things like the gender of the winner, the party of the winner, a clean win vs. a run-off/recount, and even bets about legislation like health care or immigration.
If it's part of politics, then there's undoubtedly a sportsbook out there with a betting line on it.
Though the selection of betting options surrounding the 2020 Presidential race will change as the election nears, we thought we would provide some information concerning the types of bets that are most commonly available to you. You are not limited to solely predicting the overall winner as there are betting lines and odds for a variety of aspects pertaining to the election's progress leading up to the final results, as well as specific prop bets concerning details of the circumstances of the race, such as gender and party results. Keep in mind that these options are the most common ones offered, but that political betting lines and odds vary from site to site.
Betting Odds Explained - The Most Common Types Of Betting Lines Available:
Odds for winning the 2020 Presidential Primary – this type of betting line will allow you to bet on who will win the nominations in the primary for each party. If you are participating early in the process and are placing a futures bet, your range of options may include individuals who have not yet announced their candidacy but that are active in the political landscape and are considered potential candidates. The closer you get to the actual election, the more accurate your list of options may be. However, keep in mind that the futures bets can pay off big if you guess correctly.
Odds for Winning the 2020 US Presidential Election – Obviously, this type of betting line will concern the overall winner of the election. You will typically have a variety of associated lines, including the following:
Odds for who will win the 2020 Presidential Election
Odds for which party will win the 2020 Presidential Election
Odds for which gender the winner of the 2020 Presidential Election will be
Odds for the gender balance on the 2020 Presidential Tickets – this line is sometimes broken down by party affiliation, but not always.
Odds On Who Will Be Selected As The Republican Vice President – These odds are no longer available. Update: It was announced that Mike Pence was chosen as the GOP Vice President nominee on Friday, July 15th.
Odds On Who Will Be Selected As The Democratic Vice President These odds are no longer available. Update: Hillary selected Tim Kaine as her vice president nominee.
Odds For Winning a Specific State – This type of betting line predicts the winner of influential swing states. For example, the Iowa Caucus odds start surfacing very early in the race. Other states are added closer to the actual election. Winning the electoral votes in an influential state can make or break the election, hence these betting lines are particularly exciting and can determine the outcome of the election. The results of swing state Electoral College votes can be unpredictable, as we saw in 2012 when Obama took Florida despite the fact that Romney was the favored candidate to win the Sunshine State.
Odds For Winning the Popular Vote – Once the candidates have been selected, you will find more betting types added to the line up, such as betting on who will win the popular vote. Though it has no bearing on the overall election, political aficionados enjoy betting on who will win the popular vote. There are times when the winner of the popular vote is not elected as President. The popular vote can be unpredictable, making it a very exciting wagering option. This type of option typically does not appear in the lines until about a month or two out from the actual election.
Electoral College Count - You will find that your range of wagering options for these lines increases after the candidates are selected and the election is approaching. This is when additional prop bets and specific options appear, such as over/under wagers for betting on the Electoral Vote count. In this type of political betting line you are predicting whether a candidate will receive more or less Electoral College votes than predicted.
Prop Bets - Some of the sportsbooks now offer some interesting prop bets for the election. At Betonline they offer some matchups that work similar to a quinella in horse racing. For example the first one on the sheet is Jeb Bush/Hillary Clinton matchup at +2200. That basically means that if you bet $100, you would win $2200 if those are the 2 primary candidates in the 2020 presidential election. There are some other interesting props such as Bernie plus the field at +500. So if Bernie is the Democratic nominee, $100 wins you $500.