Lastly, Andrew Cuomo, who isn’t officially in the race, has odds of +3300, meaning a $100 wager would pay out $3,400, though it would be a risky bet if he’s not on the election ballot. You would make $36.67 more per $100 if Biden won rather than Trump. If you wagered $100 on Democratic nominee favorite Joe Biden at +120, your return would be $220 – your $100 back plus $120 in winnings. If you use the odds above, a $100 wager on the betting favorite, Donald Trump, would give you a payout of $183.33 – your original $100 plus $83.33 in winnings. The difference in the odds directly correlates to the potential winnings, therefore the higher the positive (+) odds the higher the payout, but the greater the risk. For example, in this instance, if Trump had odds of +110 he would remain the favorite. Now, the favorite doesn’t always have a minus sign, but the option that has the lowest number is considered the favorite. In the above example, Donald Trump has a minus sign (-) associated with his odds which indicate that he is the betting favorite. Reading Political Futures Betting OddsĪt any political sportsbooks, you’ll find U.S presidential election futures odds that look something like this: This is referred to as line movement, which can sometimes tell us who is more likely to win the event.Īdditionally, different sportsbooks provide different betting odds so it is always good to research the various places before making your wager – consider it line shopping much like you may go to different grocery stores to get the best price for milk. In politics, a slip-up in a speech or a strong showing in a time of need can greatly impact the betting odds that can swing largely week to week. This isn’t unique only to politics as you can place a wager on who will win the next Super Bowl, World Series, NBA championship, etc. This type of wager is referred to as a futures bet, where you place a bet on an event that takes place sometime in the future. See Odds Shark’s Best Political Betting Sites Well, in politics, there aren’t many head-to-head daily matchups, but rather a broader question of who will be the Democratic presidential nominee or who will win the presidential election. If you are familiar with sports betting, you have become accustomed to looking at a daily betting line that may include the moneyline, point spread or the OVER/UNDER.

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Us political betting