The results of the presidential election could sway the fate of millions of Americans. But that’s not what we’re here to think about. Instead, we’re here to learn how to bet on the 2020 presidential election online – and win.
In 2016, President Trump won and created a solid profit for many bettors who backed him. And if you wager correctly this time around, you could get really rich, too! And that’s why this article is here – to show you a betting strategy that can improve your chances of winning.
In this article, I’ll be taking a look at the best 2020 presidential election betting sites, and I’ll be revealing a few strategies, tips, and tools that will help you place better bets.
Best Presidential Election Betting Sites
BetOnline is a U.S. sports betting site that’s good for political betting. It has a great layout, good early lines, and fast payouts.
Sign up today and grab a 100% welcome bonus when you make your first deposit up to $1,000.
BetWay is one of the most impressive and reputable European betting sites that can be accessed in the states. You can bet on all the major sports, as well as some niche ones, and there’s a separate section for political betting, including the US presidential election.
Sign up today and grab a 100% matched deposit bonus on your first deposit up to $200.
Easily the U.S.’s premier sports betting site, Bovada is hard to beat when it comes to political odds and futures. Futures odds often change by the minute, and Bovada offers some of the most competitive odds around.
Sign up today and grab a 50% welcome bonus when you make your first deposit up to $250.
Betting On The Presidential Election: Full Guide
Helpful Stats & Facts For Betting On The Presidential Election
- Only 13 Presidents have completed two terms
- Joe Biden is the oldest candidate to be elected as a first-term president
- There have only ever been two presidents who were also divorcees – Ronald Reagan and President Trump
- Only two presidents have ever won 49 out of 50 states
- You can win the popular vote but lose the election, and this has happened four times so far
- Donald Trump raised $512.2m during his 2016 election. Hilary Clinton raised $1,068.1m and still lost
- Ohio has voted for the winner every single time bar one since 1944
The Most Popular Types of Presidential Election Bets
There are only twos type of bets you can place:
- Moneyline bet
- Prop bets
With a moneyline wager, you’re wagering on one of two possible outcomes. For example, you might wager on the winning party, or you might wager on Joe Biden to win the 2020 popular vote. Or, you might bet on electoral college votes, such as either Biden or Trump to win 400+.
Props betting is a little more interesting because you bet on all kinds of things, including who will be X’s running mate, how long a televised debate will last, how many times a candidate might say a specific word during a debate, and so on.
A prop bet might look like this:
Will Donald Trump be impeached before the 2020 elections?
- Yes (+175)
- No (-250)
US Presidential Election Betting Strategy
It’s not easy to predict who’ll win the 2020 election. And because you only have two candidates to choose from, it would seem that you haven’t got much room for maneuver.
The best way to play this, therefore, is to play the electoral betting odds.
What do I mean by this?
Essentially, this is a form of arbitrage betting which requires you to back a candidate and then lay them later on.
Here’s what I mean:
When a candidate is an outsider according to the latest presidential election odds, now is a good time to back them. Then, as the campaign gets underway and their odds shorten, you can lay them via a betting exchange.
What does “lay a bet” mean?
This is when you use a betting exchange, such as BetDaq, to wager on something not to happen.
By backing a candidate when they’re an outsider, before laying them when their odds have shortened, you can guarantee yourself a profit no matter what happens.
Tips For Betting On The Presidential Elections
Watch Out For Strange Promises
Anyone who makes extravagant promises that the general public knows they’re not going to keep isn’t going to win. For example, over in the UK, the opposition leader, Jeremy Corbyn, told everyone his party would provide free broadband for everyone in the coming years. The public saw this as a desperate attempt to secure their vote – and it didn’t work.
Watch The Misery Index
The Misery Index measures economic misery and combines the sum of the percentage inflation rate + the percentage unemployment rate. If it rises during a president’s first term, said president tends not to land a second term.
Unfortunately for Trump, COVID-19 has caused mass unemployment in the United States.
Watch the S&P
If the S%P 500 does really well during the end of July and the end of October, the current president tends to secure another term.
On the other hand, if the stock market tumbles during that period, the opposition party usually gets in.
That said, COVID-19 has really skewered the numbers this year, so that’s something else to bear in mind.
Political betting can be a lot of fun when you do the right things. Use the tips in this article to improve your chances of winning in this year’s election. Remember never to bet more than you can afford to lose and always bet with your head and never your heart.
Don’t forget to let me know how you get on in the comments below!