Gambling On Presidential Election

It’s Election Day, folks. The day we have all been waiting for. But let’s get up to date on the big news stories from yesterday for anyone looking to bet on the presidential election.

Bookmakers have been setting lines on U.S. Presidential elections for decades. Hundreds of millions of dollars have exchanged hands in under-the-table wagers. But betting on U.S. Elections remains illegal in all 50 states entering the 2020 U.S. Presidential election between Donald Trump and Joe Biden. Election betting is often referred to as “futures” because it is a wager on a specific, future event. Most election wagers are moneyline bets or straight bets. It’s a straight forward wager normally with no spread involved. For a sporting event, you are bidding on which team will win. Not only can you gamble on who you think will win the presidential election, but such bets might also give us a clue about who could win, according to political scientists. Is It Legal to Bet on. Ever since political gambling became a thing, betting on the US presidential election has been extremely popular. There are many presidential election betting markets, and most of the top politics betting sites offer at least a few election wagers at any given time.

On Monday, President Donald Trump and Democrat candidate Joe Biden gave their final speeches before the big day. Trump appeared in North Carolina, Pennsylvania, Michigan, and Wisconsin. Biden spoke in Ohio, Pennsylvania, and Pittsburgh, with Lady Gaga making an appearance in his later rally.

As expected, there was plenty of excitement on the final day before the election. But what changed from a betting perspective?

Let’s see how the latest odds for Trump vs. Biden look on Election Day 2020.

The presidential election odds on Election Day have changed very moderately from yesterday.

The odds for Trump to win are back at +135 from +130 on Monday.

Biden’s odds come in at -175 from -170 yesterday.

The odds could well fluctuate throughout the day. I suggest taking a look at our recommendations for where to bet on the presidential election, and checking the top betting sites to get the latest prices.

Gambling odds on presidential election

Trump Goes in Heavy on Swing States

President Trump descended on several swing states on Monday to convince voters that four more years is the way to go.

Trump appeared in Fayetteville, North Carolina, before traveling to Scranton, Pennsylvania – the home of none other than Joe Biden.

The president then headed to Kenosha, Wisconsin, the scene of violent protests and disruptions in the summer, before ending a late-night rally in Grand Rapids, Michigan, with VP Mike Pence.

Biden Campaign Announce Battleground States Intentions

It was revealed on Monday that Joe Biden, Jill Biden, Kamala Harris, and Doug Emhoff will spread out among five different battleground states in an effort to gain last-minute votes on Election Day.

Election

Biden will also visit Scranton, the location of his birth, as well as Philadelphia. Jill Biden makes appearances in Florida and North Carolina, while Harris and Emhoff travel to Michigan and Ohio, respectively.

Popstar Lady Gaga appealed to voters in Pennsylvania to vote for Joe Biden, who she claimed was a “good person.”

The singer also launched a scathing attack on Trump, claiming that he believed that his fame allowed him to “grab” women by any part of their bodies that he wanted to.

    .@realDonaldTrump#VoteBiden#Votepic.twitter.com/cwFYfDF5aY

    — Lady Gaga (@ladygaga) November 3, 2020

Democrats Abandon Georgia Rally

The Peach State could spell trouble for the Republicans.

But on Monday, it was revealed that Democrats who were forced to retreat from a rally due to what was referred to as a “large militia presence.” A meeting took place over Zoom instead.

The militia presence was said to be large on account of a scheduled appearance by Trump in Rome, Georgia on Monday. Some had suggested that Trump’s fear of losing the state to Biden was the reason behind his appearance.

Yes, is the answer, according to Trafalgar Group’s Robert Cahaly.

If that name doesn’t ring a bell, Cahaly is a guy that has suggested that the president is more competitive than major polls tracking the election are letting on. Sounds like something anyone could say, right? Well, yeah. But…

Trafalgar was the most accurate outfit when it came to predicting Trump’s win in 2016. Cahaly got the number of Electoral College votes right for Trump and Clinton, too.

If you’re betting on Trump to win? Well, this might be the news you were looking for.

    Our @trafalgar_group findings featured in this @Newsweek article by @meghan_roos “Pollster who called 2016 correctly says Trump win likely as 'shy voters' shun shutdowns https://t.co/MbjXZcAYFl

    — Robert C. Cahaly (@RobertCahaly) November 3, 2020

More Presidential Election Betting Coverage

The big day is finally here, and I know some of you are wondering just how the odds have remained so stable over the past few days.

I know others will be just getting started on reading some of the major factors that could contribute to the winner of the 2020 presidential election. If that sounds like you, the politics section of our blog is the place to be for all things presidential election.

Casino Odds On Presidential Election

Here’s a sample of some of our most-read content. Have a read!

  • The presidential race is not over yet and it seems to not be close with legal action being taken by the POTUS’s campaign on Wednesday.
  • The odds for Joe Biden have grown from -180 to -600 to win the Presidency after reaching 264 electoral college votes.
  • President Trump has requested a recount in Wisconsin and has filed lawsuits in Michigan, Pennsylvania, and Georgia to stop the counting of votes.

WASHINGTON – The country is now on day 3 of waiting to find out the official results of the 2020 Presidential Election but there is still a long time before it is all over.

Due to the massive amounts of mail-in ballots and the extreme closeness of this race, neither candidate has reached 270 electoral college votes and the winner cannot be named at this point in the race.

The electoral college race sits with former Vice President Joe Biden having 264 and President Donald Trump with 214 electoral college points according to the Associated Press. President Trump‘s campaign has already asked for a recount of Wisconsin’s votes and has filed lawsuits in Michigan.

Election

Trump campaign statement on #Michigan lawsuit pic.twitter.com/T7FSfp3MVA

— Team Trump (Text VOTE to 88022) (@TeamTrump) November 4, 2020

The Trump campaign has also filed lawsuits with Pennsylvania and Georgia, states where he leads by a small margin, to stop the counting of votes.

With the lawsuits and President Trump’s Election team to take matters to the Supreme Court, even if a winner is announced soon there will be more news in the coming weeks to come out before it is all said and done.

“We’ll be going to the U.S. Supreme Court,” said Trump during a speech to supporters at the White House. “We want all voting to stop. We don’t want them to find any ballots at 4 o’clock in the morning and add them to the list, OK?”

Current Betting Odds For The Presidential Election

The odds on legal sports betting sites for who will win this election have obviously shifted in the last few days as America waits for the results. The Election Day (November 3, 2020) odds for the Presidential Election had +160 odds for Donald Trump and -180 odds for Joe Biden to become the next President of the United States.

Presidential Election Odds (At the time of writing)

  • Joe Biden -600
  • Donald Trump +460

Joe Biden’s odds have become a heavier favorite to win as his electoral college numbers have grown. Currently, there are about five or six states that have not fully reported or been determined with very tight races in many states in important key states such as Georgia, Nevada, Pennsylvania, and Arizona.

Swing States Race

As predicted, swing states have been a highly contentious part of this Presidential Election. Trump was able to grab big swing states such as Ohio, Florida, and Texas on Election Night. Currently, he has a lead in North Carolina and a narrowing lead in Georgia and Pennsylvania.

Biden, however, received his lead in the electoral college votes by winning key states such as Wisconsin and Michigan on Wednesday. He also has a lead in small Nevada and a big enough lead in Arizona for the Associated Press to give him the state.

Path To Victory

The former vice President is only 6 points away from 270 points to win which happened to be the exact number of electoral college points for Nevada.

Gambling on presidential election

Betting On Presidential Election Vegas

The President also has a path to victory where he would have to win every state he is currently leading in and have to flip one of the states Biden is leading.

The Recount

Because of the very tight nature of the race that could possibly see the President lose by only 2 points, that is probably the reason his campaign has begun to request recounts.

Betting On Presidential Election

Many are comparing this election to the 2000 Election where Florida’s votes were recounted. In the 2000 Election, the final margin in Florida was only 537 votes. In Wisconsin, which is the state he has requested a recount, the difference is a little over 20,000 votes.

Election Betting Odds 2016

However the results go, those betting on the presidential election can tell the end of this Presidential race looks like it will not be over any time soon.

Election Betting Odds Stossel

News tags: Associated Press Donald Trump Florida Georgia Joe Biden Michigan North Carolina Ohio Pennsylvania Presidential Election Swing States Texas Wisconsin

British Gambling On Presidential Election

Adia has a background in sports writing and strives to provide content that gives the readers accurate information. As a storyteller, she also works hard to create stories that are engaging to the audience. Whenever she’s not writing on sports betting news, she is getting her heart broken by every sports team in Georgia.