As the world waits to see who will be the next President of the United States, the betting world has already started. The current favorite to win the 2020 election is Democrat candidate Joe Biden. However, most bookmakers have not yet added his odds. Here are some interesting facts about the 2020 Presidential Election Betting.
Facts About The 2020 Presidential Election
The Presidential election will be held on November 3, 2020. This will be the 83rd presidential election in U.S. history. The current favorite to win the election is former Vice President Joe Biden, as many people have already started betting on him. However, most bookmakers have not yet added his odds. Here are some interesting facts about the 2020 Presidential Election.
How Many Candidates Are There?
There will be 12 candidates in the 2020 presidential election, including the candidates who have already declared their candidacy. As the field of candidates gets smaller, the odds will get better for several of them. However, that does not mean that any of the candidates have a chance of winning. The Democrats and the Republicans both have a strong contingent of candidates, so the odds will be in favor of one of them. The following table shows the number of candidates for each party.
| Party | Number of Candidates |
2020 Democratic Candidates
|
- Joe Biden
- Bernie Sanders
- Elizabeth Warren
- Kamala Harris
- Cory Booker
- Pete Buttigieg
- Andrew Yang
- Virginius Vanderpool
- Steve Bullock
Why Is It So Hard To Get An Election Betting Odds?
Even though there is a lot of interest in the upcoming Presidential election, it is still quite difficult to get the odds for any particular candidate. The reason is that most bookmakers have not yet made their minds up on who will be the next President. It is quite common for the odds to be published a few days or weeks before the election. That way, people have enough time to place their bets. The following video from 2020 presidential election betting highlights the dilemma that sportsbooks face when it comes to getting the odds for political wagers.
How Do I Place A Bet On The 2020 Election?
To place a bet on the 2020 election, you will need to visit a reputable sportsbook. Typically, these kinds of books will be open for business on a daily basis. You can also find most of them on social media or websites that cater to online bettors. Once you have located a reputable bookmaker, you will then need to search for the Democratic or Republican candidate you wish to bet on. Once you have found that particular candidate, you can then move on to placing your bets. Remember, the majority of the bookmakers will not release the odds of any particular candidate until the end of October or early November. This is to give the books a sufficient amount of time to collect their bets. In some instances, the books will request that you send in your bets by snail mail. However, this is not common practice and is mostly for people who live in areas that are not served well by postal delivery. In case you bet on the Superbowl this year, you can also find the odds for that game here.
Even though there is a lot of interest in the future of the United States, it is still quite difficult to get the odds for any particular candidate. The reason is that most bookmakers have not yet made their minds up on who will be the next President. It is quite common for the odds to be published a few days or weeks before the election. That way, people have enough time to place their bets. The following video from 2020 presidential election betting highlights the dilemma that sportsbooks face when it comes to getting the odds for political wagers.