As the 2024 Presidential Election approaches, understanding US politics betting odds is becoming crucial for bettors looking to capitalize on this unique market beyond the sports world. Let’s break down how these odds work and the key bets you should consider.
Understanding US Politics Betting Odds… Think About 2024 Presidential Elections
Master the US Politics Betting Game: How to Read US Politics Odds and Win Big!
2024 United States Presidential Election | 60th quadrennial presidential election of the United States of America
Tuesday, November 5, 2024
Betting on US Politics
The sports betting world continues to be on the rise, but there are other opportunities that exist beyond the sports world.
Betting on unique events is a capability as well, and that includes making bets on the US Political landscape.
There are a number of US politics betting odds that exist, but they can be a bit hard to understand for those that haven’t made these wagers before.
Knowing how to read political odds is almost going to be as important as making smart wagers.
Betting on the next President of the United States is always a political bet that stands out, but you should be looking at other odds as well.
Here is a look at some of the odds that you are going to see, and the bets that you should make.
What to Bet On for the Next US Presidential Elections
What Do Odds Mean?
When looking at the US politics betting odds, there are going to be odds that look extremely similar to what you see in the sports world.
Most of the political bets are going to be of the future variety, but you could also see some moneyline wagers as well.
All of the odds are going to have betting lines attached, and those odds are what will dictate how much money you can win.
Odds that have a (+) attached to them indicate that the result would be a surprise as that is the underdog result.
If you are looking to bet on the favorite in a race then you are going to want to look for a (-) sign.
That means that the odds suggest that this is the result that will happen, but there could always be some surprises as well.
Knowing how to read political odds quickly will not only give you some insight as to the probability of what will occur, but also if you should act on the wager or avoid it.
Betting on the Next President
It’s easier to understand how to read political odds by looking at a concrete example, and betting on the next president is a good place to start.
These betting odds have been shifting over the last few weeks, and things have changed again over the last few days.
Kamala Harris is now the betting favorite at -110, while the odds for Donald Trump are sitting at +105.
Those odds were flipped prior to the most recent debate, but it appears that things are shifting since that time.
These odds suggest that it would be an upset for Trump to become the next president of the United States, but making that wager is also more valuable.
If you decided to bet on Donald Trump, a $100 wager would net a win of $105.
Betting on Harris is actually still a decent bet to make, even though the return is not going to be as great as it would be if you were betting on Trump.
It would take $120 to win $100, but those are still some great moneyline odds.
What Is a Prop Bet?
Not only are you going to find some traditional wagers when it comes to the US political landscape, but you can also make some prop wagers as well.
Prop betting is something that used to be involved with the Super Bowl, but that type of wager has extended into other events.
A prop bet is really up to each individual sportsbook and that gives the bookmaker some freedom to come up with unique wagers.
Most prop bets are going to be extremely strange, but they are also betting options that create good betting opportunities.
Since the 2024 Election is going to be such a massive event, there are going to be some great prop betting options out there.
Not only should you be looking for markets that you can understand, but you also want to find betting options that come with good odds.
Some Great Props to Explore
There is such a long list of prop betting options to explore that it is going to take you some time to get through.
That’s not a bad thing as the more options mean that you will find more opportunities.
Betting on the next Republican Senate Leader is one of those prop betting options, but it’s actually something that looks like a future wager.
There are a number of candidates listed, and all of them have different betting odds set:
- Rick Scott -165
- John Thune +150
- John Cornyn +400
- Steve Daines +2800
- J.D.Vance +3000
These odds tend to fall off quickly, and that means that Rick Scott is the clear favorite to win this race.
Betting on any of the other names is going to come with some great value though, and you don’t want to miss out on those options.
The 2024 Presidential Election is going to be decided by the Electoral College, and that is something to watch at the beginning of November.
There is an over/under line set for both political parties, and they don’t actually match up with the odds to win the Presidency:
Democrat Electoral College Votes
- Over 269 ½ -150
- Under 269 ½ +110
Republican Electoral College Votes
- Over 311 ½ +400
- Under 311 ½ -700
The over/under line is set much higher for the Republican side of things, but taking the under is clearly the best option.
If the Democrats are going to go over the number that is listed then it will be Kamala Harris that wins the presidency.
Every single state is going to be electing a new president and then sending those results to the electoral college, and that is going to lead to some great betting options as well.
There will be specific prop betting options for each state, and that is when you are really going to get some value.
These political odds can be hard to read, but knowing what the odds mean is really the key to success.
Be sure to look at the entire list of odds to try to cash in during the month of November.
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Political Implications: Major Airline to Announce Filing for Bankruptcy 1st
Previous Betting News
While those of us who love to wager on sports are lamenting at the suspension of all the major leagues across the world, the reality is that we are living in a time where all aspects of daily life are basically at a standstill. With many people now being ordered to shelter in place, fewer and fewer are leaving the house and travelling for work. The roads are quiet, but the skies are quieter still, as airline traffic is all but non-existent in some places. All of this suggests that the major airlines are going to be in serious trouble if this current quarantine situation continues much longer, but which of them will file for bankruptcy first? We have the Special Wagers Odds for that and are going to make predictions based on a huge consumer airline survey performed in 2019, so let’s get right to it.
Special Wagers – Major Airline to Announce Filing for Bankruptcy 1st
American Airlines (+175)
There are several factors that go into American Airlines being the most likely to go bankrupt first, and it is more than just the results of the consumer survey. AA currently has more debt than they carried in 2011, which was the last time that they filed for bankruptcy, plus they are embroiled in ongoing labor issues. Making matters worse is that a large number of their fleet was grounded when problems arose with the 737 Max. The capper is that this airline finished last out of the 9 major US airlines in that 2019 survey. All of this suggests that they are a good bet to declare bankruptcy first.
Delta (+250)
Next on the list is Delta, but there are some things that suggest to me that they might not be the first with their hands out during this crisis. The most obvious reason is that they landed in the #1 spot in the consumer survey in 2019, with their worst category there being 2+ hour delays on the tarmac, which is not something that should be an issue right now. Their hub is in Atlanta, which is the busiest airport in the world, so there should still be lots of traffic. People will choose them when given limited options.
United Airlines (+250)
I would certainly out United Airlines ahead of Delta when talking about who is most likely to declare bankruptcy first, and it once again goes back to that 2019 consumer survey. People who are in a position where they need to fly are going to turn to the airline that they trust the most, with that survey showing Delta at the top of the list. United did not do well in that one, finishing down in 8th out of 9, just ahead of American Airlines by the slimmest of margins.
Southwest Airlines (+500)
There were a number of different factors that were taken into account with the 2019 survey, and while Southwest finished 3rd out of 9, they finished first in a pair of very important categories. They had the fewest number of complaints and also the fewest 2-hour+ delays on the tarmac. That speaks to an airline that is efficient and which puts the needs of its customers first. That should serve them well in these troubled times.
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