Political Betting Odds On The 2020 Presidential Election

Betting on the 2020 Presidential election is a great way to get involved in watching politics. It’s the biggest political event in the world, and there is a lot to learn about historical presidential election results that can inform your decision to bet on the election. It works in much the same way as betting on many sports teams. Basically, the sportsbooks will handicap the odds and provide a moneyline, and the bets will be made based on that moneyline. For example, there are different odds for Donald Trump to win the presidency than there are for Joe Biden to win the presidency.

One thing to keep in mind, though - the odds are not predictive! Hillary Clinton was favored to win the presidency in 2016 and we all know how that turned out. Seeing how the political betting odds on the 2020 presidential election change with current news and political matters only help keep bettors in the loop. When finding the most current 2020 election betting odds, bettors will also be able to find various prop bets to offer a full list of available bets.

Current Presidential Election Odds

Republican Elephant Republican Candidate
Donald Trump
-120
Democratic DonkeyDemocratic Candidate
Joe Biden
+130

President Trump's Odds to Be Reelected

Donald TrumpThe incumbent President, Donald J. Trump, is the favorite to win reelection at this very moment, despite the COVID-19 pandemic and polling showing him behind. The economy has remained strong during the pandemic, in part due to massive intervention from the Federal Reserve, and this is surely buoying Trump’s odds to get reelected. Currently, here is what Trump’s odds look like:

2020 US Presidential Election Winner:

  • Donald Trump -120
  • Joe Biden +130

Trump looks to be a notable favorite at many of the online sportsbooks, with -120 odds to come away from the November election as the President for a second time. The Democrats have anointed Joe Biden their nominee, and his odds are also worth discussing.

Joe Biden Odds To Win The Presidential Election

Joe Biden

Joe Biden, former Vice President, is the presumptive nominee for the Democratic Party. Despite this, there is some amount of a gap between Biden's odds to win the presidential election, and the odds of the Democratic Party candidate to win the election. This is because he is not officially the candidate yet, and there are fairly constant rumors about him stepping down at the convention.

Here’s what his personal odds look like:

2020 US Presidential Election Winner:

  • Donald Trump -120
  • Joe Biden +130

And here is what the party’s odds look like:

Winning Party:

  • Democratic Party -105
  • Republican Party -125

This is an interesting split. The odds for the Republicans stay nearly the same, moving from -120 to -125, but the odds for the Democrats compared to Biden alone features a big change. Biden alone has +130 odds, while the Dems have -105 odds all told. This, again, reflects some amount of belief that Biden will not be the person on the ballot in November.

The Impact Coronavirus Has Had On The 2020 Presidential Election

The COVID-19 pandemic is still ongoing and appears likely to be affecting the world through at least 2021, meaning that the election will likely be held during said pandemic. This has caused fears of a delayed or postponed election, or even of a cancellation. However, many sportsbooks think that the impact the coronavirus has on the 2020 presidential election is unlikely to make major noise. One online sportsbook even went so far as to place odds on whether or not the election would take place on November 3rd, as scheduled. Yes was a -700 favorite, while No clocked in with +425 odds.

How The Economy Influences Presidential Elections

“It’s the economy, stupid” are words that live in the minds of every presidential bettor in the world. People react to how they are doing, and the economy is one of the biggest predictors of presidential popularity that exists. However, President Trump has shown a relative immunity from the benefits of having a good economy, as well as from the downsides of doing things that are fairly outlandish - his popularity remains relatively static. It could be that this is just one more canard that he will overturn, or it could be that, should the economy experience a downturn, so too will his polling numbers. The President is very focused on making sure the economy influences presidential elections in the correct manner.

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