How To Bet On Elections
The United States Presidential Election is now just a day away. The general election is scheduled for this Tuesday, November 3rd, 2020. The media attention and hype surrounding this monumental election has dominated the news cycle for the past several months. Donald Trump will be running for reelection as the Republican candidate, while Joe Biden is the Democrat candidate looking to prevent Trump’s second term.
On this page I will outline our top rated betting site for Americans looking to bet on the election, look at the odds and touch on the other bets that can be made, and finish up with a simple 3 step guide you can follow to bet on the 2020 US Presidential Election online.
Best Betting Site for US Election
The most basic wager that you can make on the presidential election is a straight bet on which candidate will win. This is as simple as it gets. Bet on Biden or Trump directly, and you’ll win if you’re right when all is said and done. But you can go beyond that to try one of the more exotic bets on the presidential election. Types of US Presidential Election Bets Futures Bets. The most common type of political bet is a futures bet on the eventual outcome. Trump’s win over Clinton in 2016 showed that there is still a potential edge to be found in the US presidential election betting odds, which is a big reason why popularity in political betting has surged in the years since.
- Built for American bettors
- Wide variety of competitive betting lines
- Easy to navigate betting platform
The odds for the US Presidential Election will continue to change leading up to the November 2020 election. You can see the updated odds on the BetOnline.ag website by selecting ‘Sports’ from the top navigation bar, opening the ‘Politics’ drop down menu and selecting ‘Politics – Futures’ - ‘2020 U.S Presidential Election’. The odds fluctuate in real-time based on a simple supply and demand mechanism, like gold, a stock, a currency, or any other commodity openly traded – the more popular a candidate is with the betting public, therefore the more money bet on them, the shorter their odds become which ultimately translates to their% to win increasing.
Bovada is our #1 rated betting site for Americans interested in betting on the 2020 USA Election. They have a wide variety of election related betting lines including betting on specific states and specific candidates.
US Presidential Election Odds
Here are the current odds for the 2020 United States Presidential Election from Bovada.lv (taken November 2nd):
Joe Biden is the favorite one day out from election day with odds of -185. Donald Trump is the underdog with odds of +155.
These odds will likely change in the week leading up to the election. To see the up to date odds head to Bovada.lv, open the ‘All Sports’ drop down menu on the Sports page and click ‘Politics’. All of the various election related odds will be on this page.
In addition to Trump vs Biden for President, you can also wager on which party will win the popular vote, various prop bets relating to the candidates, and which candidate will win specific states.
How To Bet On 2020 US Election From USA
Follow these three steps to place bets on the 2020 United States Election if you live in the USA.
Step 1. Join Bovada.lv
Click the above link and fill out the short form to open your Bovada account.
Bovada is our top rated betting site for Americans. They are a popular and trusted betting site that has served the USA market for many years, and they have a wide variety of betting markets available for the 2020 US Election.
Step 2. Deposit
Log into your Bovada account and click ‘Deposit’ under your account drop down menu. Choose your preferred deposit method (Visa, MasterCard, bitcoin) and follow the instructions provided to complete the deposit.
Your winnings can be withdrawn via bitcoin, bank tranfer or check through the mail.
Step 3. Bet On The Election
It’s time to place your bets!
On the Bovada website select ‘Sports’ from the top menu bar and then select ‘All Sports’ and ‘Politics’ from the secondary menu. This will bring up the page with all of the betting options for the election.
Select the bet(s) you want to make, enter your wager amount on the Bet Slip, and click ‘Place Bets’ to confirm.
If you’re new to betting I would suggest reading through some of the beginner articles on our betting guide page.
Ready to bet? Click here to visit Bovada.lv.
Tagged With : US Election • US Presidential Election betting
How To Bet On Election
Did you know that many online sportsbooks also let you bet on political elections? That’s right, you can go to the sportsbook section of a wagering site for 2016 presidential election odds. If you have ever bet on sports, wagering on politics works much the same way. Each line is for a separate category, i.e. republican candidates, democratic candidates, who will be elected president, etc. Clicking on any particular candidate will bring up a wagering calculator, which lets you type in the amount of money you want put down, and it calculates the payout amount. This page will explain the various types of odds, how to read them, and what they mean. It will also tell you all about underdogs and favorites. Finally, this page will give you some recommendations for some top-quality online sportsbooks that let you bet on politics.
Different Types Of Odds
There are three types of odds that most sportsbooks use. The most common type is the moneyline. This is also known as American odds because it is the kind most commonly used by American players. It is an example of regular odds, as opposed to exotic odds. You will see American odds displayed as a name with a number next to it with either a plus or a minus. The minus corresponds to the favorite, and the plus represents the underdog. The favorite is most likely to win. The next type is fractional odds, which are more commonly used in Europe. A more rare type is decimal odds. They show you what your total payout will be. It takes a little bit of mathematical calculation to convert fractions into decimals. Both fractional and decimal odds fit into the category of exotic odds.
How Do I Read The Odds?
Americans who bet on politics most likely will be using the moneyline, or American odds. If you look at the numbers, the minus symbol means the candidate is the favorite, and will most likely win. The plus symbol means the candidate is the underdog. When you are looking at the favorite, say a candidate’s odds are -150. What this means is you will win $100 for every $150 you bet. For the underdog, if the odds are +150, it means for every $100 you bet, you will win $150. Fractional odds are also pretty easy to read. The first number is the amount you stand to win, and the second number is the stake. So if the odds are 6/1, it means you will win $600 if you bet $100, for a grand total of $700. Simple enough, right?
What Do The Odds Mean?
Betting on the favorite means you are more likely to win, but your payout will be smaller. Betting on the underdog produces a much higher payout, but your chances of winning are smaller. One thing to keep in mind is that the negative and the positive numbers correspond to the opposite of what you would think. The favorite has a negative number, and the underdog has a positive number. Also, the higher the number for the favorite, the more likely they are to win, and the lower the payout will be. For the underdog, the higher the number, the less likely they are to win and the higher the payout will be. If you aren’t completely sure about the exact ratios, you can always use the odds calculator provided by the site.
How To Bet On Elections
Underdog Versus Favorite
When betting on politics (or anything, for that matter), you have to understand the concept of underdogs and favorites. The oddsmaker spends days, weeks, months even, looking at the statistics and calculating the odds. If you are absolutely sure that the favorite will win, it makes sense to bet on them even if the payout is meager. However, the underdog might just surprise everyone and come out ahead. If this happens, you stand to win much more money. Like anything having to do with wagering, you just have to weigh your options and make a smart decision.
How To Bet On President
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Bovada Sportsbook
How To Bet On Election 2020
BOVADA SPORTSBOOK |
Of all the online sportsbooks that let you bet on political races, Bovada is one of the best. Their sportsbook is very easy to use, with odds that are spot-on. Joining Bovada takes just a few minutes of your time, but if you want to take a tour of the site and see what it is like, you can. You can visit Bovada’s sportsbook to see the odds, or you can try out various wager combinations using their betting calculator. You just click on a particular candidate and type in some numbers. It’s that simple.
Once you’ve decided to sign up with Bovada, you can start betting. To get you started, Bovada offers a welcome bonus of 50 percent on all first deposits not exceeding $250. To get your bonus, send in the correct promotional code to the site. Also, you have to spend five times the amount of the bonus before you can use it. This is what’s known as a rollover requirement. All sportsbooks that offer bonuses have rollovers, but Bovada’s is less than most others. It may seem unnecessary, but if rollovers didn’t exist, too many people would use the bonus money and never wager at the site ever again. It’s just a way for Bovada to protect itself from swindlers. Join Bovada NOW!
5Dimes Sportsbook
5Dimes SPORTSBOOK |
5Dimes is an online betting site that lets you wager on all kinds of things, including politics. The upcoming presidential race is sure to be a heated one, with Democratic and Republican candidates working hard to win your vote. The great thing about betting on the presidential election is that the odds could change any second. There are many factors that go into predicting the winner, and 5Dimes’ odds-makers have spent months researching the candidates. Their picks are sure to bet accurate and on-target.
Betting on politics at 5Dimes is a lot fun. The site has gone out of their way to include some great special features that will make your wagering experience more enjoyable. For example, they have one of the best bonuses in the industry. It’s called reduced juice, and it saves you fifty percent on the interest of every bet you make. Reduced juice works on every wager you make, and you don’t have to worry about any annoying rollover requirements. All you have to do is send the reduced juice promo code to 5Dimes and you are ready to go. So don’t wait until it’s too late. Join 5Dimes now and get in the game! Join 5Dimes NOW!