There is a huge event sneaking into view in the United States of America, as the 2020 Election grows ever closer. Americans will go to the polls on the 3rd November, with the winning candidate being inaugurated on the 20th January 2021. It will be a huge decision in the USA as they must decide the man that they want to be the President for the next four years.
Vegas Odds 2020 election race is nearing its last month but has but far from a clear winner yet.
It doesn’t seem that long ago since Donald Trump shocked the world by defying the odds to beat Hilary Clinton to move into the White House. But, an awful lot has changed since then, and this could turn out to be one of the tightest and more aggressive Elections in American history.
Read on for the Las Vegas presidential odds below:
Current Vegas Presidential Odds
Those gamblers looking to find Vegas Odds for the upcoming or previous elections will be left disappointed.
It is illegal for sports with licenses in the US to offer odds.
That is why none of the leading sportsbooks in Las Vegas have been able to offer odds on US Elections.
An Alternative to Las ‘Vegas Odds’
That is why the majority of online bookmakers, otherwise known as ‘offshore sportsbooks‘ are the way forward for those looking to bet on the 2020 Election.
In any normal scenario outside of the US election, it would have been expected that the Vegas odds Trump commands will be neck in neck with Biden, and this case shows with the online markets below. Again though, there will be no lines available for those looking for Vegas odds President race numbers. The Vegas election odds (online markets) will be updated here live as they become available.
Why Vegas Odds on the US Election Are Illegal
There are a number of reasons why betting on Presidential elections is illegal in the States. One of the main reasons links back to the Black Sox Scandal in 1919. The law is there to ensure the integrity of democracy. Meanwhile, there was also a fear that betting on elections could also have a negative impact on the number of voters that turned out.
Online Markets for US Presidential Online Betting Odds
|Online Sportsbook||Donald Trump||Joe Biden|
The odds are constantly changing as Election night draws closer, and there has been a massive change in favour of Joe Biden. Biden is now the clear -130 favourite in the political betting market with BetOnline.ag, while Bovada also offers the same price for the Democratic candidate from Delaware. Donald Trump, like in the 2016 election, is the outsider to be re-elected, as he is priced at +110 with BetOnline.ag.
There are also other selections in the BetOnline.ag market, as they offer Kamala Harris at +5000. However, that selection would be considered hugely unlikely as Harris is the running mate for Biden in the upcoming election. Meanwhile, Trump’s running mate, Mike Pence, is valued at +10000 with Bovada to be elected as the President.
However, the odds online are slightly different depending on the bookmaker, with Betway still having Biden as the favourite but at a slightly different price. Betway offers -120 for Biden to win the election, but the odds suggest it could be closer as Trump is priced at -112. Bet US expect it to be much closer than Bovada and BetOnline.ag, as they have both Trump and Biden valued at -115.
Changes In US Presidential Odds Since January
The odds have constantly been changing throughout 2020, with Biden being as high as +2000 at the end of February. However, the Democratic Party Presidential primaries changed the odds. Biden’s price with Bovada plummeted to +160 after he emerged at the candidate for the party. Biden was the last candidate standing after a number of other candidates pulled out. Biden went down to -115 after Bernie Sanders pulled out of the election, which was the lowest price that Biden had been at.
The lowest price that gamblers could get for Trump came at the end of February as he was priced at -180 with Bovada. However, Trump’s odds have been changing week by week, and he went to evens at the beginning of June. At that point, Biden overtook Trump as the favourite in the Election betting. Trump went to as high as +140 at the beginning of July, but his price is getting shorter again as we get closer to the 4th November Election.
With the constant overtaking and media parade, who knows what Vegas odds on Presidential election movements we’ll see throughout October?
Where Will The Election Be Won?
The US Election doesn’t always mean getting the most amount of votes; instead it comes down to the States that you manage to win. The winning candidate will need to get at least 279 electoral college votes to win, with 538 in total up for grabs. Most States vote the same way for every election, but there are some that can go either way; these are called battleground States. There are 14 different battleground States, which turned out to be the decisive factor for Trump back in 2016.
However, recent figures have shown that Biden holds the advantage in the majority this time around. Polls show that Biden has the advantage in Arizona, Florida, Michigan, Minnesota, Nevada, New Hampshire, North Caroline, Ohio, Pennsylvania, Virginia and Wisconsin. Meanwhile, Trump has a better rating on the polls in just three of the States; Georgia, Iowa and Texas. The recent figures also show that there is only a slim difference between the candidates in three of the States that currently favour Biden: Florida, North Carolina and Ohio.
Were The Odds Right In 2016?
The 2020 election will be unlike anything that we have seen before, and the main reason for that is because it is unpredictable. The polls have been wrong on numerous occasions over the past couple of years, which has meant that the odds have counted for very little. The year that Trump won the election, there were two examples that the polls aren’t always accurate, one of which being the Trump election and the other being the United Kingdom voting to leave the European Union.
Back in 2016, Trump was given just a 50% chance of winning the election on the 3rd November, which was just five days before American went to the polls. The unpredictability of the 2016 election meant that huge wagers were placed on both Trump and Clinton, with one gambler from London putting over $200,000 on the eventual winner. One bookmaker revealed that the number of bets put on the election in 2016 exceeded the wagers that were put on other significant events such as the EU referendum, the European Championships and the Epsom Derby.
Whatever happens to in the final debates, one thing is for sure: we remain at the razor edge of our seat to know what Las Vegas odds presidential election candidates Biden and Trump will surprise us with.
Let’s see what the Vegas odds president 2020 sportsbooks favor as they release their lines.