Presidential Election Gambling
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It was a federal ban on sports gambling that curtailed betting on sports—and politics. The bipartisan effort passed the Democratic-controlled Congress and was signed into law by President George. 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.
- 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.
US Presidential Election 2024 - Republican Candidate Betting Odds. Get the best available US Politics odds from all online bookmakers with Oddschecker, the home of betting value. 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.
Presidential Election Betting The United States Presidential Election is the foundation of American democracy. Since the first presidential election where George Washington became the nation’s leader, the event has grown along with the country.
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.
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.
Presidential Election Betting Market
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.
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.
News tags: Associated Press Donald Trump Florida Georgia Joe Biden Michigan North Carolina Ohio Pennsylvania Presidential Election Swing States Texas Wisconsin
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.
Tuesday 3 November will see one of the most thrilling elections of all-time. This is because the 59th US presidential election will be between the hugely controversial incumbent Donald Trump and the Democrat challenger Joe Biden. Already the 2020 presidential election odds are getting incredibly tight and it’s looking like the battle is going to go right down to the wire.
In the red corner, Donald Trump will be hoping to stay in office for the Republican party. While in the blue corner, Joe Biden is putting in a real challenge to gain the presidency for the Democrats. So will Trump win 2020? Who has the best presidential betting odds? Read our presidential election betting tips to find out all of the answers about this defining moment in history.
All about betting on US election 2020
Presidential Election Gambling Odds Maxim And Lott
Presidential Election Gambling Site
This promises to be a US presidential election like no other. It will be held against the formidable backdrop of the Covid-19 pandemic, deep social unrest over the police killing of George Floyd and a growing wave of far-right rhetoric in many US states. As such, the election will be a real test of the democratic system in the United States.
It’s already been a circus for the political media. With some chaotic presidential debates and Donald Trump being hospitalised for Covid-19, it’s little wonder that many people are looking to bet on presidential election.
Simply put, it’s a straightforward race between Trump and Biden for the White House. But the US electoral system is full of quirks that must be factored in when betting on presidential betting odds. Remember that Trump gained the presidency despite earning fewer votes than Hillary Clinton in 2016.
Us Presidential Election Gambling
This means that it’s the next few days of campaigning in key states like Florida and Ohio that could be pivotal when betting on US election. So forget about virtual sports betting tips for one moment, and look forward to betting on the biggest political event of the 21st century.