Betting is one of the most well-known forms of online and in-person gambling in the world. You can play slots, blackjack, roulette, and other casino games but betting on your favorite sports and games or political parties can be equally fun, too. This holds especially if you have an active interest in sports or politics and want to try your luck at betting on the US Election or against a particular team or party.
As the US Elections draw closer, the betting market is abuzz with bets on and against the two candidates – President Donald Trump who is running with Vice President Mike Pence, and Former Vice President Joe Biden who is running with Senator Kamala Harris as his running mate. With the circumstances including a global pandemic and uncertain political climate in the US and the world in general, betting on the US election has become a well-faring hobby for political enthusiasts around the globe.
How Much Money Has Been Gambled on the 2020 US Election?
According to some estimates, the upcoming US election has become one of the most lucrative betting options in the market with over £200 million in potential assets matched on the results of this election alone. Some sources state that the total amount could exceed £400 million or even more, as the election date approaches.
What Happened in the 2016 US Election?
To put this figure into perspective, the previous US Election in 2016 with Donald Trump vs Hilary Clinton saw the figure of £199 million in bets on the outcome.
According to the major betting sites including BetFair (UK), Ladbrokes (UK), and PaddyPower (Ireland), Hilary Clinton led the odds with percentages of 83/18, 83/22, and 83/18 respectively. Even though Clinton won the popular vote, in line with the betting odds, President Donald Trump ended up securing the Electoral College majority, leading to his election as the 45th President of the United States.
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Current Facts & Figures
While Joe Biden remains the popular candidate, many are still betting on the re-election of President Donald Trump. It is entirely possible that the swing states and Texas shifting from Red to Blue could determine the next President of the US.
With less than a week to go till the open election date, the popular site PaddyPower presents the following odds:
Joe Biden: 4/9
Donald Trump: 7/4
- Vice President:
Kamala Harris: 150/1
Mike Pence: 250/1
- Popular Vote Winner:
Joe Biden: 1/7
Donald Trump: 4/1
- Winning Party:
- Other Odds:
Donald Trump gets elected despite losing Popular Vote: 2/1
Joe Biden wins the Popular Vote (by 10% or more): 7/4
Republicans and Democrats to win the same states as in 2016: 33/1
Where Can You Bet on the US Election?
There are various online sites where you can place your odds for the 2020 US election. Some of these options include PaddyPower, Betfair, Ladbrokes, Bet365, Skybet, Betvictor, Betfair Exchange, Sport Nation, and more. These sites provide you easy chances for betting on the US Election; if your choice of candidate wins, you could win large amounts of money! Be sure to keep checking the market for the favorite candidate who has the odds. You can also bet on some of the top betting sites not on Gamstop if you are on a break and want to bet on the US Election.