October 29, 2020
People bet just about anything that has an uncertain outcome. This includes major political elections as well. The 2020 election is heating up and Tuesday is the official elections, though many millions of people have voted early.
One sportsbook that has take in a ton of action on the 2020 election is BetOnline.ag. They are lopsided on end exposed on Trump. Even though most of the so-called independent polls have Biden as a shoe-in to win. Many people remember that the same was said about Hillary Clinton just four years ago and we all saw how that turned out.
70% of the bets taken in by BetOnline are on Trump. If Trump wins the sportsbook stands to lose “mid six figures”. The odds came down from Biden -200 because of a significant amount of action on Trump in the last 72 hours.
It is important to remember that data suggests that Democrats and Republicans bet about evenly on sports and events. In fact, 57% of Democrats are bettors whereas only 52% of Republicans place bets. It could be a reasonable conclusion that this data reflects that more people will be voting for Trump the way they are betting.
Currently the odds to be President are:
Voter Turnout Total ( Over Under)
Over 149.5 million (-350)
Under 149.5 million (+225)
2024 Election Futures Odds
|Person||Payout (risking $100)|
|Donald Trump Sr.||3300|
|Donald Trump Jr.||10000|
|George P. Bush||20000|
|Joe Kennedy III||20000|