Can You Bet On The Presidential Election
The 2020 US election is coming up in just a few days, and it’s safe to say the entire world will be watching. As a matter of fact, many people will be watching to see if the bets they’ve made at top gambling websites will be winners or losers. For those who are wondering, there are many excellent 2020 election prop betting opportunities waiting for you if you know where to look for them.
Most avid gamblers know that you can bet on the 2020 presidential election, and some of them have probably already made plenty of wagers well in advance. You can lay your money down on challenger Joe Biden or incumbent President Donald Trump. Pick the right choice, and you could come away with a hefty profit.
US Presidential Election Betting works just like wagering on one team to beat the other straight up. The moneyline is simply a wager where the team, or presidential candidate in this case, must win. There’s no amount of points a team or candidate has to win by or any other stipulation. Before the Democrat and Republican candidates are announced, you can bet on who will win the nomination for each party, you can wager on which party will win the election, which presidential.
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You can move off the beaten path to find some excellent betting opportunities in the 2020 election. These bets, often known as proposition or prop bets, look at some of the other aspects of this US election. And you can often get better odds with these wagers than if you were to stick with the typical head-to-head matchup.
In the following article, we’ll explain everything you need to know about placing prop bets on the 2020 election for real money. We’ll explain how these bets work at the top gambling websites that offer them. We’ll also take you inside some of these wagers and talk about how they might play out come Election Day and beyond.
What Are Prop Bets?
Perhaps the best way to describe prop bets is to think in terms of sports. For example, when betting on the Super Bowl each year, you can make obvious bets about who will win or lose, which team will cover the point spread, or how many points each team will score. But there are specialty bets, such as which player will score the first touchdown, how long the game will be, which songs will be played at the halftime show, and so on.
These bets are the prop bets. They are aptly-named because the gambling site, or the house, is essentially making a proposition about a possible outcome.
In the case of the 2020 election in the US, prop bets can be considered pretty much anything that isn’t the main question: who will win the presidential election? These bets can be related to the presidential election or not, but they are generally tied into all the election action taking place this coming Tuesday, November 3rd.
They can look at serious aspects or trivial aspects of Tuesday’s action, but they must be something that can be accurately measured so that the wager can be fairly won or lost. One of the main reasons people like prop bets is because they offer more potential payback, on average, than straight bets. Considering this presidential election figures will be close, you can’t really get odds on either candidate that will result in a big payoff, at least unless you bet a lot. But you can expect some of the prop bets available to you to give you much better odds than you might otherwise hope to have.
You need to understand that each different gambling website is likely to have its own unique selection of election prop bets. As a result, you should do some shopping around to see what’s available to you so that you can find the bets that you feel confident in winning. Just remember to stick to the most reliable and effective election gambling sites.
What Do the Odds for Prop Bets Mean?
When you see the odds for 2020 election prop bets listed on different websites, you’ll see a number attached to each outcome. These numbers will have a plus or a minus in front of them. Any time you see the numbers, you’re looking at the odds for each possible outcome.
If these numbers are close to each other, it means there isn’t much separation between the two outcomes. But if the numbers are quite different, it means that there is a big favorite and a big underdog.
If there are more than two outcomes in a 2020 election prop bet, it could be that all of them have plus signs in front of the odds. That just means that no single outcome is a favorite in the sense that it is expected by a majority of the bettors to happen.
Let’s take a look at a sample set of prop bet odds to show you how it all works:
Every set of 2020 election prop bets will be based on an average bet of $100 (or whatever denomination you might be using). For the minus (or favorite), you have to bet the amount listed to win $100. And for the plus (or underdog), you have to bet $100 to win the amount listed.
In this case, you would need to bet $150 to gain $100 in return on Outcome A. And if you bet $100 on Outcome B, you would win $200 if that is the result.
It’s important to realize that you don’t have to bet $100 for the underdog or whatever the odds are for the favorite. You can bet higher or lower amounts. But the ratio set by those original odds will hold no matter the size of the bet.
Top 2020 Election Prop Bets Available
We’ve taken a look at the 2020 Election bets and odds listed by BetOnline.ag and MyBookie.ag, two excellent gambling websites. And we’ve spotted some interesting prop bets for the 2020 election that might be of interest to you. Take a look below.
The Day the Loser Concedes the Presidential Election Odds (MyBookie.ag):
- November 3, 2020: +400
- November 4, 2020: +225
- November 5, 2020: +500
- November 6, 2020: +650
- November 7, 2020: +800
- November 8, 2020: +900
- November 9, 2020: +900
- November 10, 2020: +800
- November 11, 2020: +800
- November 12, 2020: +1200
- November 13, 2020 or after: -145
This bet might seem odd to you if you haven’t been following everything that’s been going on leading up to the 2020 presidential election in the US. But current events are such that it is becoming increasingly likely that there might be a quick concession by the loser, which is usually the case.
First of all, the race is extremely tight. Even though most polls have Joe Biden with a slight edge when it comes to projecting the Electoral College points that determine the election, the margin of error is still within the range where there could be a different outcome. President Trump was able to overcome polls showing him well behind four years ago in the 2016 election.
More importantly, there is the issue of counting votes. There are more people that are expected to vote by mail in 2020 than ever before, and it’s by a huge margin. As a result, it could take a while longer than usual for those votes to be counted, especially in so-called “battleground” states like Pennsylvania, Wisconsin, and Michigan.
As a result, the idea that the election might not be clearly decided either on November 3rd (Election Day) or the morning after is in play. And if there is confusion, it is possible that the debate over who won could drag on for a while, as it did in the 2000 election. That’s why the favorite here is the for November 13th and after.
The safest bet is obviously the November 13th and after option, since the confusion of the mail-in ballots and the tightness of the race could certainly push it that far. But you’d be getting less than the size of your wager in return, which doesn’t seem like it’s that much of a value. It’s better to take a shot at a bigger payoff than settle for something so meager in return, especially when there are that many outcomes in play overall.
2024 US Presidential Election Odds (MyBookie.ag):
Can You Still Bet On The Presidential Election
- Joe Biden: +300
- Alexandria Ocasio-Cortez: +300
- Kamala Harris: +350
- Elizabeth Warren: +800
- Bernie Sanders: +1000
- Michelle Obama: +1000
- Andrew Cuomo: +1200
- Ted Cruz: +1200
- Josh Hawley: +1200
- Tom Cotton: +1500
- Pete Buttigieg: +1500
- Michael Bennet: +2000
- Cory Booker: +2000
- Ivanka Trump: +3000
- Mike Bloomberg: +3000
- Kanye West: +5000
- Mark Cuban: +5000
- Elon Musk: +7500
You might be wondering why anyone would want to bet on an election that is four years away when so many things can happen between now and then that could drastically change things. The simple answer is because you will never get better odds than right now.
What do we mean?
This is also a bet where you should look around at different sites to try and find the best possible odds for your chosen candidate. For example, you see that Alexandria Ocasio-Cortez is listed at odds of 3 to 1 to win the 2024 election. But if you check out the same bet at BetOnline.ag, her odds are 25 to 1 (+2500). Obviously, you’re better off choosing those odds if you’re an AOC fan.
Looking at the odds at MyBookie.ag, you can see that they believe AOC is going to make her move in the next four years. In fact, they have her as a co-favorite with Biden. Many people think that, even if Biden does win, his age might prevent him from even running again in 2024, let alone beating the next Republican candidate.
Notice also that there isn’t a Republican candidate anywhere in the top few choices. You have to go down to Ted Cruz, sitting at 12 to 1, before you see a GOP possibility listed. The dismissal of the Republican Party for 2024 seems a bit premature, as the party has proven to be resilient as far as elections go.
How about some of the long shots? Pete Buttigieg at 15 to 1 is an interesting selection. Mayor Pete’s campaign ran out of steam this year, but his recent TV appearance speaking out against President Trump seem to reveal a growing confidence that could serve him well in four years.
Another interesting play at 30 to 1 is Ivanka Trump. Let’s assume that President Trump defies the polls once again and manages to defeat Biden, eventually serving four more years. If that term goes well, his supporters might want to see the presidency stay in the family.
Of course, any bet like this is purely speculative. And there is no way to know if any of these people are even going to run in 2025. But you won’t be able to do much better, odds-wise, than some of these outcomes in any of your 2020 Election prop bets, which makes this one pretty valuable.
Over/Under Bets
Can You Bet On The Presidential Election In Las Vegas
If you want a different approach to betting on the 2020 election with prop bets for real money, you might want to try an over/under approach. Instead of trying to predict the outcome of the presidential race or even a senatorial race, you can focus on the numbers. The oddsmakers will set a certain number, and you have to decide if the actual result will go over or under that amount.
Over/under bets are popular in sports like football. And they can be a way to use prop bets on the 2020 election to your advantage. BetOnline.ag features some interesting ones.
Voter Turnout in the 2020 Election:
- Over 149 ½ million voters: -225
- Under 149 ½ million voters: +160
This is an interesting one because of the nature of this election. As we said, many people are preparing to vote via mail-in ballot. This could certainly push the totals skyward from what we usually expect.
In addition to that, this election in particular seems to have inspired many people who haven’t voted in recent years (or in elections before) to get involved. Those who have been pleased with how the last four years have gone are fired up to make sure it stays that way. And those on the other side, perhaps frustrated with how things have gone during President Trump’s term, might coming out en masse to keep it from happening again.
It stands to reason that the turnout will be higher this time around. In 2016, only 138 million people voted. Will enough people get involved that the number soars above the over, and is that risk worth taking at such low odds?
Here is another interesting 2020 election over/under prop bet at BetOnline.ag.
House Seats Won by Democrats:
- Over 209 ½ Seats: -2000
- Under 209 ½ Seats: +900
Because so many people are concentrating on the presidential and senatorial elections, where control could flip from one party to another, there hasn’t been as much focus on the House of Representatives. But it could provide the opportunity for a winning prop bet for those who are willing to go down that road.
Right now, there are 232 Democrats and 197 Republicans in the House. Most expert predictions seem to suggest that they’ll stay in that position in the upcoming election. Republicans would have to flip 13 seats to get to the over.
Yet the oddsmakers are clearly trying to push you to take the Republican side because of the unfavorable odds the other way around. You might now want to bet $20 to make $1, which is what you’d have to do if you go with Democrats.
How you bet on politics in 2020 could depend on what your overall goal is. Are you happy with a tiny profit? Or is it a case of trying to win more with a smaller wager?
Conclusion
Can You Bet On The Presidential Election In Las Vegas
We hope that you now have a better feel for making prop bets on the United States 2020 election. Make sure to look around for the best possible odds for whatever bet you want to make. And always make sure to stick with reliable gambling websites for these wagers! Good luck.