Article and odds updated on November 6th, 2020 at 10:32am EST

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.

Online Markets for US Presidential Online Betting Odds

Vegas Odds 2020 election race is nearing its last month but has but far from a clear winner yet.

1. US politics betting for all American markets. Get 2020 Election odds, including Democrat and Republican candidates, plus midterm specials and much more.
2. Heading into Tuesday morning, Democratic candidate Joe Biden entered the race as a strong favorite, with betting site Action Network giving the former vice president a 61.4% chance of winning.

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:

RealClearPolitics - U.S. Presidential Election - Betting Odds.

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.

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 -190 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 +162 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 -167 for Biden to win the election, but the odds suggest it could be closer as Trump is priced at +115. Bet US initially expected it to be much closer than Bovada and BetOnline.ag, as they have both had Trump and Biden valued at -115 at open, with it now being -200 and -182 for Biden and Trump at +150 and +162 respectively.

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 the final days leading up to Election night?

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 Vegas odds president 2020 sportsbooks favor as their lines continue moving toward a dramatic finale.

Types of betting odds

Sports betting is slated to be introduced to multiple new markets every calendar year moving forward. That naturally means hordes of new bettors will constantly enter the marketplace for the foreseeable future. As such, an overview of the most common types of wagers is in order:

Moneylines, run lines and puck lines

Although bets based on point spreads may be more of a “mainstream” wager, moneylines (in football and basketball), run lines (baseball) and puck lines (hockey) are likely much more straightforward for a novice better to grasp and one of the most popular super bowl bets.

A wager of this type is simply a good, old-fashioned bet on which team will prevail in a sporting event. Typically, when one places a moneyline wager on the team favored to win the game, it will “cost” the bettor more than when placing another type of wager.

Favorites have a three-digit number with a “minus” sign preceding it in moneyline bets. This number quantifies how much the bettor would have to wager on that team in a moneyline bet in order to win $100. The minus sign is indicative of the fact that when placing money on a favorite in a moneyline bet, the bettor will to wager an amount greater than the one that he/she will potentially win.

Conversely, underdogs have a three-digit number with a “plus’ sign preceding it in moneyline bets. This number quantifies how much the bettor will win if they wager $100 on that team in a moneyline bet. The plus sign is indicative of the fact that when placing money on an underdog in a moneyline bet, the bettor will potentially win an amount greater than the one he/she puts in.

Incidentally, $100 is the figure because it is a round figure that helps to better illustrate how a moneyline wager works. Moneyline wagers are actually accepted in all types of amounts.

To more specifically illustrate how a moneyline wager would work, let’s utilize an NFL example.

In a Cowboys-Giants game where Dallas is listed as the favorite, the moneyline might be listed as such:

• Cowboys -150: This means that a bettor who wishes to wager on the Cowboys to win the game outright will have to bet $150 to win $100. Therefore, if the Cowboys win the game, the bettor receives his/her original $150 back, plus $100, for a total of $250.
• Giants +180: This means that a bettor who wishes to wager on the Giants to win the game outright will win $180 if he/she wagers $100. Therefore, if the Giants win the game, the bettor receives his/her original $100 back, plus $180, for a total of $280.

Point spreads

Point spreads are one of the most popular forms of sports wagers, and they might be the most commonly known to a sports betting novice. The point spread is essentially defined as a projected margin of victory or defeat for the two teams in a given matchup.

• For example, if the Cowboys and Giants are squaring off and the point spread is Cowboys -3, that means Dallas is expected to win by at least three points. Those betting the Cowboys and “giving up” those points are banking on Dallas to outscore the Giants by at least that much in that game.
• Conversely, those who bet the opposite sides – the Giants +3 – are banking that even if the Giants lose, it will be by less than three points.
• If the Cowboys win the game but only do so by exactly three points, then the line is considered a “push”. Bettors who wagered either side of the game get their bets refunded.

Payouts on point spread bets depend on the odds assigned to either side of the wager. A favorite may nevertheless have better payout odds than an underdog, depending on the size of the spread. To utilize another NFL example, say the Rams are listed as 14-point (-14) favorites over the 49ers. Despite the fact Los Angeles is clearly expected to win the game, the odds of a two-touchdown or greater win in football are worse than one by a lesser margin.

Therefore, your payout if you bet the Rams to win by 14 or greater might be -105 (must bet $105 to win $100). Alternatively, your payout if you take the 49ers to cover – i.e. lose by less than 14 points – might be slightly worse at -115 (must bet $115 to win $100)

Point spreads are set by oddsmakers with the idea of getting wagers to come in on both teams as evenly as possible. Sportsbooks naturally want to avoid being “overexposed” to one side of a wager as much as possible. This helps prevent some potentially sizable losses for the casinos.

Totals (over/unders)

Totals, or “over/under” bets, are another fairly simple concept to grasp, even for the inexperienced bettor. In a totals wager, the bettor is simply putting money down on whether or not the cumulative point/run total of the two teams in a game will be more or less than the total set by the sportsbook.

Totals bets are usually set with odds of -110, meaning the bettor must wager $110 to make $100 (utilizing the “100” figure as the example once again).

A totals bet for a Yankees-Red Sox game might be listed as follows:

• 9.0 runs (-110): The sportsbook has set the projected total number of runs to be scored between the two teams at nine. Bettors who wager that the two teams combined will score either more or less than that total will need to wager $110 to win $100.

As with the point spread example provided above, there is also the possibility of a “push” when it comes totals bets. In our Yankees-Red Sox example, this would occur if the cumulative run total is exactly nine. Bettors would receive refunds on their original bets in such an instance.

Parlays

Parlay bets are wagers that involve at least two games. There are various forms of parlay bets based on the different bet types already discussed above. In other words, bettors can place point spread parlay wagers, moneyline parlay wagers and totals parlay wagers.

For a parlay to lead to a payout, there cannot be a losing bet within it. “Pushes” won’t disqualify a parlay wager from cashing, however. Parlays also survive eventualities such as a rainout in baseball or a game that ends in a tie. However, the payout in those cases is calculated factoring out that game, meaning that it will be less than if all of the “legs” of the parlay would have been valid.

Odds for a parlay vary from sportsbook to sportsbook. Once a parlay bet is placed, however, the odds and lines are locked in. That’s the case irrespective of any other changes the point spread, projected totals or moneyline involving any of the teams within the parlay undergo after the parlay wager has been made.

The more teams wagered on in a parlay, the better the payout. As with all other wagers, the more difficult the bet appears to be, the larger the reward if it hits.

Teasers

Teaser bets are a form of parlay wager that excludes moneyline bets. In a teaser, the bettor can manipulate a point spread or total within a certain predetermined range in order to improve their odds of winning the bet. Naturally, a teaser will pay out less than a conventional parlay because of the greater probability of the bettor coming out on the winning side.

The one requisite with a teaser bet is that the movement of the line or total must be applied to each team in that parlay. However, it can be applied in different “directions”.

Odds To Win Election Live Polls

An example of an NBA teaser on a two-team parlay that incorporates the above would be the following:

• In a Heat-Nets matchup where Miami is favored by 3.5 points, the bettor moves the line an additional four points up to 7.5 points and bets on the underdog Nets to lose by less than that amount.
• In a Warriors-Pelicans game where Golden State is favored by 7.5 points, the bettor likewise moves the line four points, except in the other direction. Therefore, the Warriors’ projected advantage goes down to 3.5 points and the bettor then places a wager on the Warriors to cover that spread.

Odds To Win Election Live Stream

Futures bets

Odds To Win Election Live Results

A futures bet is any bet made for an event which has an outcome that will occur in the future. Most future bets involve odds for a team to win a championship or division, but there are other futures wagers available for various sports. In golf, for example, a bettor can wager on a golfer finishing in the Top 10, Top 20, or Top 30 of a future tournament.

Live Odds To Win The Election

Futures odds are set by an oddsmaker based on the potential outcomes.