The 2020 US presidential election is drawing near, and the race between Donald Trump and Kamala Harris is shaping up to be a close one. As a result, political betting markets have become increasingly popular as a way to gauge the likelihood of each candidate's victory.
Current Betting Odds
According to Betfair, one of the world's largest betting exchanges, Trump is currently the favorite to win the election, with odds of 1.83 to Harris' 2.10. This means that a bet of £100 on Trump would return a profit of £83 if he wins, while a bet of £100 on Harris would return a profit of £110.
Historical Trends
Historically, the betting odds have been a fairly accurate predictor of the outcome of presidential elections. In 2016, for example, Trump was the underdog in the polls for much of the campaign, but he ultimately won the election with a narrow margin. Similarly, in 2012, Barack Obama was the favorite in the betting markets throughout the campaign and went on to win the election.
Factors Influencing the Odds
There are a number of factors that can influence the betting odds in a presidential election, including:
Effective Strategies
There are several strategies that you can use to improve your chances of winning money betting on presidential elections:
Tips and Tricks
Here are a few tips and tricks to help you get started with political betting:
Step-by-Step Approach
Here is a step-by-step approach to betting on the 2020 US presidential election:
Sample Tables
The following tables provide some sample betting odds for the 2020 US presidential election:
Candidate | Odds to Win |
---|---|
Donald Trump | 1.83 |
Kamala Harris | 2.10 |
Poll | Trump | Harris |
---|---|---|
CNN | 45% | 55% |
Fox News | 48% | 52% |
Rasmussen Reports | 50% | 50% |
Endorsement | Candidate |
---|---|
International Association of Fire Fighters | Donald Trump |
National Rifle Association | Donald Trump |
Sierra Club | Kamala Harris |
Conclusion
Betting on presidential elections can be a fun and potentially profitable way to get involved in the political process. However, it's important to remember that betting should be done responsibly. Don't bet more money than you can afford to lose, and make sure to understand the risks involved.
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