2020 Presidential Election Odds & Senate Race Predictions: 70% of Money Bet Backs Trump over Biden

We are just a few days away from the 2020 US Presidential Election, and while the stakes appear higher than ever, millions of dollars are in the balance at sports betting shops across the country.

“The 2020 Presidential Election is inching toward being the biggest decision in our shops history,” shared Dave Mason of BetOnline “It’s already surpassed the handle for Super Bowl LIV, and we’ve booked an amount in the mid 8-figure range.”

The numbers will continue to fluctuate drastically in the run-up to the result, but at this point if Trump is re-elected, BetOnline will lose a sum in the low seven figures. If Biden wins, the book will win a sum in the mid six figures.

Currently, Biden is a -180 favorite while Trump is a +160 underdog, with BetOnline reporting that just under 70% of the handle has come in on Trump. While the money is backing a Trump repeat, Biden holds slight edge at 54% of total wagers.

Why so popular?

Well, for starters few betting options are able to sit on the board for years and keep bettors actively engaged. Tuesday’s result will see some bettors cash in on wagers placed four years ago, and the ongoing news cycles leading up to Election Day makes every leak feel like a betting advantage, causing many to double-down or even hedge their bets with a play on another candidate.

Bettors can already wager on the winner of the 2024 election, with OddsShark already pegging Kamala Harris as the 2024 Presidential Election betting odds favorite.

Talking with Mason, one thing became quickly evident. Things are looking eerily familiar to the last election cycle.

“One key angle is that over the last 72 hours we’ve taken a ton of money on Trump. We saw this same scenario playing out in 2016 when all the polls and models had Clinton around the 70% projection to be elected, but all the bets were coming in on the underdog Trump. Needless to say, the books took a bath on that election outcome.”

“With the early turnout numbers making headlines every day over the last week, bettors have been hammering the over in both voter turnout props. It will be interesting to see how it all shakes out, but because of the COVID situation we may not see the droves of people voting on Nov. 3 so perhaps much of the turnout is already being accounted for.”

Senate races and betting on the results of each individual state has also gained popularity this year.

“A lot of smart money has come in on particular Senate favorite that isn’t offering any value. Mitch McConnell has been the biggest mover in terms of odds, going from opening odds of -1000 back in early September to a current price of -1300.”

Below we have outlined the entire field of 2020 Election Betting Odds via BetOnline.

Who will win 2020 Election?

• Joe Biden: -200 odds
• Donald Trump: +175 odds
• (Odds imply 66.7% chance Biden will win)

Who will in 2020 Election popular vote?

• Joe Biden: -700 odds
• Donald Trump: +450 odds
• (Odds imply 87.5% chance Biden will win)

Will the popular vote winner win electoral college?

• Yes: -240 odds
• No: +190 odds
• (Odds imply 70.6% chance “yes” will happen)

Will Trump lose every state he lost in 2016?

• Yes: -220 odds
• No: +180 odds
• (Odds imply 68.8% chance “yes” will happen)

Will Trump win every state he lost in 2016?

• Yes: +325 odds
• No: -550 odds
• (Odds imply 84.6% chance “no” will happen)

Will Democratic Party win Election, Senate and Lower House

• Yes: -155 odds
• No: +125 odds
• (Odds imply 60.8% chance “yes” will happen)

2020 Election voter turnout

• Over 149.5 million: -225 odds
• Under 149.5 million: +160 odds
• (Odds imply 69.2% chance “over” will happen)

2020 Election voter turnout

• Over 60.5%: -150 odds
• Under 60.5%: +110 odds
• (Odds imply 60.0% chance “over” will happen)

Senate Races

Alabama Senate Race

Tommy Tuberville: -1000 odds

Doug Jones: +550 odds

(Odds imply 90.9% chance Tuberville will win)

Arizona Senate Race

Mark Kelly: -450 odds

Martha McSally: +275 odds

(Odds imply 81.8% chance Kelly will win)

Colorado Senate Race

John Hickenlooper: -850 odds

Cory Gardner: +450 odds

(Odds imply 89.5% chance Hickenlooper will win)

Iowa Senate Race

Joni Ernst: -130 odds

Theresa Greenfield: -110 odds

(Odds imply 56.5% chance Ernst will win)

Kansas Senate Race

Roger Marshall: -400 odds

Barbara Bollier: +250 odds

(Odds imply 80.0% chance Marshall will win)

Kentucky Senate Race

Mitch McConnell: -1300 odds

Amy McGrath: +625 odds

(Odds imply 92.9% chance McConnell will win)

Maine Senate Race

Sara Gideon: -300 odds

Susan Collins: +200 odds

(Odds imply 75.0% chance Gideon will win)

Michigan Senate Race

Gary Peters: -270 odds

John James: +180 odds

(Odds imply 73.0% chance Peters will win)

Montana Senate Race

Steve Daines: -200 odds

Steve Bullock: +150 odds

(Odds imply 66.7% chance Daines will win)

North Carolina Senate Race

Cal Cunningham: -140 odds

Thom Tillis: +100 odds

(Odds imply 58.3% chance Cunningham will win)

South Carolina Senate Race

Lindsey Graham: -350 odds

Jaime Harrison: +225 odds

(Odds imply 77.8% chance Graham will win)

Electoral College Vote

Alabama

Republican: -2500

Democrat: +1000

Alaska

Republican: -1000

Democrat: +600

Arizona

Republican: +105

Democrat: -135

(Odds imply 57.5% chance Democrat will win)

Arkansas

Republican: -3300

Democrat: +1200

California

Republican: +900

Democrat: -2000

Colorado

Republican: +650

Democrat: -1200

Connecticut

Republican: +1000

Democrat: -2500

Delaware

Republican: +1000

Democrat: -2500

Florida

Republican: -145

Democrat: +115

(Odds imply 59.2% chance Republican will win)

Georgia

Republican: -160

Democrat: +130

(Odds imply 61.5% chance Republican will win)

Hawaii

Republican: +1400

Democrat: -3300

Idaho

Republican: -2500

Democrat: +1000

Illinois

Republican: +900

Democrat: -2000

Indiana

Republican: -2000

Democrat: +900

Iowa

Republican: -165

Democrat: +135

(Odds imply 62.3% chance Republican will win)

Kansas

Republican: -2000

Democrat: +900

Kentucky

Republican: -3300

Democrat: +1200

Louisiana

Republican: -3300

Democrat: +1200

Maine (statewide)

Republican: +550

Democrat: -800

Maryland

Republican: -4000

Democrat: +1400

Massachusetts

Republican: -5000

Democrat: +1600

Michigan

Republican: +240

Democrat: -300

(Odds imply 75.0% chance Democrat will win)

Minnesota

Republican: +240

Democrat: -300

(Odds imply 75.0% chance Democrat will win)

Mississippi

Republican: -2500

Democrat: +1000

Missouri

Republican: -1500

Democrat: +750

Montana

Republican: -2000

Democrat: +900

Nebraska (statewide)

Republican: -2500

Democrat: +1000

Nevada

Republican: +215

Democrat: -275

(Odds imply 73.3% chance Democrat will win)

New Hampshire

Republican: +275

Democrat: -350

(Odds imply 77.8% chance Democrat will win)

New Jersey

Republican: +800

Democrat: -1600

New Mexico

Republican: +475

Democrat: -750

New York

Republican: +900

Democrat: -2000

North Carolina

Republican: -110

Democrat: -120

(Odds imply 54.6% chance Democrat will win)

North Dakota

Republican: -3300

Democrat: +1200

Ohio

Republican: -260

Democrat: +200

(Odds imply 72.2% chance Republican will win)

Oklahoma

Republican: -4000

Democrat: +1400

Oregon

Republican: +650

Democrat: -1200

Pennsylvania

Republican: +155

Democrat: -185

(Odds imply 64.9% chance Democrat will win)

Rhode Island

Republican: +1600

Democrat: -5000

South Carolina

Republican: -1200

Democrat: +650

South Dakota

Republican: -3300

Democrat: +1400

Tennessee

Republican: -3300

Democrat: +1400

Texas

Republican: -350

Democrat: +275

(Odds imply 77.8% chance Republican will win)

Utah

Republican: -1600

Democrat: +800

Vermont

Republican: +1000

Democrat: -2500

Virginia

Republican: +750

Democrat: -1500

Washington

Republican: +1400

Democrat: -3300

West Virginia

Republican: -2500

Democrat: +1000

Wisconsin

Republican: +250

Democrat: -325

(Odds imply 76.5% chance Democrat will win)

Wyoming

Republican: -5000

Democrat: +1600

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