Presidential Election Betting Odds For 2020 – Odds To Be President 2020
With Vermont Senator Bernie Sanders announcing in early April that he would be suspending his presidential campaign, the two presumptive main candidates for the 2020 presidential election are former Vice President Joe Biden and sitting President Donald Trump. 2020 promises to be a volatile election year, as the world is in the grips of a deadly major pandemic and the global economy is on the brink of its first major depression in nearly a century. Because of the uncertainty and the hyper-polarized nature of modern American politics, presidential betting odds will fluctuate heavily from now until election day in November. For smart, savvy bettors who closely follow the election process and possess a deep understanding of election dynamics, this presents a fantastic opportunity to place a winning bet. Even for those who have no interest in betting on the election, it can be valuable to follow shifting election odds just to get a better sense of the current political landscape. This page is designed to cater to political bettors, but the information should prove valuable for even those with only mild interest in politics.
How To Bet On The 2020 Presidential Election
When it comes to the 2020 presidential election, who to bet on is a complex question. But how to bet on them is not! In order to wager on the candidate you think will win the US presidency – as well as the candidates you believe will win the Democratic and Republican primaries – you simply need an account at an offshore betting site. Signing up for any of the major operators is free and fast, and the process is the same as signing up for any other common online service. After you put in your credentials, all that’s left to do is make a deposit and place your bets!
The only real thing to remember about this process is that presidential bets – and all political wagers in general – always “have action.” These are futures bets, meaning that once you place your wager, your bet is locked in no matter what. For example, if the candidate you bet on to be the next president drops out of the race long before the primaries even conclude, you will lose the bet. In other words, there are no refunds when betting on politics. As with voting itself, carpe diem and caveat emptor!
Where To Bet On The 2020 Presidential Election
If you’re looking for where to wager on the next presidential election (and its associated primaries), you have several excellent choices. First things first, of course: You need to stop looking for local solutions, as U.S. laws prevent local sportsbooks from posting election odds. And given the risks you run betting on the black market, it’s best to avoid that, too. Instead, you can safely and legally bet on the presidential election by using one of several sports betting sites. Sites like Bovada, SportsBetting, BetOnline, 5Dimes, MyBookie, BetDSI, and BookMaker all have dedicated political sections and accept members from most US states. (In fact, of all the major books, only Bovada has state-based restrictions, meaning that residents of Delaware, Maryland, New Jersey, and Nevada cannot currently sign up.)
Current 2020 Presidential Election Odds
Joe Biden appears to have a clear path to the Democratic nomination. A few alternative candidates in both the Democratic and Republican parties have also received consideration as potential fill-ins if either Biden or Trump step down for whatever reason. New York Governor Andrew Cuomo appears to be the top choice if Biden steps down, while Vice President Mike Pence is the favorite to replace President Trump. For now though, it looks like a Trump-Biden race is inevitable.
Trump is a slight favorite over Biden at the moment, with odds ranging from -120 (54.5% implied probability) to -130 (56.5% probability). Biden’s odds shortened to as little as -105 back in mid-March, but his odds have been gradually growing longer since mid-March, correlating roughly with the increasing severity of the Coronavirus outbreak in the United States. COVID-19 will likely be the key issue in the run-up to the election, and voters will heavily weigh each candidate’s response to the virus when making their decision in November.