Betfair reportedly took $564 million overall in presidential bets, about twice the betting handle in the then-record 2016 election. That apparently includes at least one UK bettor with $1.3. Betting lines on the popular vote typically appear one or two months out from Election Day. Though the popular vote does not determine the actual results of US presidential elections, there is generally a lot of talk surrounding who wins. Odds to Win a Specific State.
- Can You Bet On The Presidential Election Draftkings
- Can You Bet On The Presidential Election In Las Vegas
- Can You Bet On The Presidential Election
- Can You Bet On The Presidential Election In Vegas
- Can You Bet On The Presidential Election In Las Vegas
- Polls can't account for every voter, but keeping tabs on the numbers can help you identify where the value is in the betting odds. Take Advantage of Election Prop Bets. A straight bet on the White House winner may be the most common way to bet on the 2020 election, but it's far from the only way.
- Despite the general reluctance to allow betting on elections in the United States, there are two big exceptions. If you a resident of the United States who would like to wager on the presidential election and you meet the requirements, you can wager on the election via the Iowa Electronic Markets or via the website PredictIt.
- Right now, all legal sportsbooks in the country are not allowed to take bets on the 2020 Presidential elections or any other election around the country. Most states specifically have laws against sportsbooks providing odds on any elections. But that could change in the future.
- Joe Biden has been declared by the media as the 46th President of the United States and winner of the 2020 Presidential Election.
- Donald Trump is suing key swing states to stall their announcement of Biden's victory.
- Several sportsbooks have not paid out on winnings as of yet.
WASHINGTON – Sports bettors who took action on Joe Biden to win the 2020 Presidential Election would be happy by the apparent results, as the media has declared Biden as the winner.
However, with President Donald Trump's refusal to concede and his subsequent lawsuits in several swing states, the official Electoral College votes have not been declared as of yet.
Fort this reason, those who bet on the 2020 Presidential Election and took action on Joe Biden, have yet to be paid their winnings.
Did Biden Win?
Let's get to work, @KamalaHarris. pic.twitter.com/uYe2EsmaFa
— Joe Biden (@JoeBiden) November 9, 2020
Despite the media declaring Joe Biden and Kamala Harris as winners, the election is technically not over yet. Many states are still counting votes and the Electoral College has not announced a winner as of yet. Casinos close to tennessee.
Can You Bet On The Presidential Election Draftkings
This is standard for every election in the past, however. The media would announce the winner, then the losing party would concede, and the following suit, the winning party will work for a proper transition.
Donald Trump has refused to do any of that, leading to not only states being unable to declare a winner as the votes are caught up in court cases but also prevents the Biden administration from properly working for the transition.
This is affecting a large base of sports bettors, however. The 2020 Presidential Election is the most wagered on event in history, meaning a large number of sports bettors are eagerly waiting on their winnings.
How Sportsbooks Have Handled This
While sports bettors across the country are anxiously awaiting their winnings, sportsbooks have differed on how to go about these decisions by the Trump campaign.
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Can You Bet On The Presidential Election In Las Vegas
There have been some that have paid out winnings on Biden already. Australian bookmaker SportsBet announced on November 4 that they were going to pay whoever bet on Biden to win. Biden was announced by the media as the president-elect until November 7.
Others have gone a different route and are waiting until the legal processes are finished and the electoral college votes are made official.
Can You Bet On The Presidential Election
For example, popular online sportsbook Bovada issued a statement on Twitter letting their users know how they're going about this unprecedented election.
Update on #Election2020 Settlements ⬇️ pic.twitter.com/rpyM6BzHBX
— Pat Morrow (@thePatMorrow) November 8, 2020
Other sportsbooks, including MyBookie have taken a similar path. They claim they want the process to be fair, but it could also be a means to avoid any unnecessary losses on their end.
Election bettors:
There are unique circumstances surrounding this election, leading to the uncertainly of its result. Until we receive definitive proof via states' certification, the election is not over. There are looming recounts + legal cases. We must be fair to both sides.
— MyBookie Sportsbook (@mybookiebet) November 7, 2020
What Is The Most Likely Scenario?
Can You Bet On The Presidential Election In Vegas
Legal sports betting sites are still taking action on the swing states that Trump is suing. However, Biden is still a massive favorite to win those states with election odds upward of -1000.
The official Election results will be finalized in January, which gives President Trump plenty of time to have his many lawsuits and raise all of his issues in court. The plausibility of the election actually shifting in Trump's favor is very low, however.
Can You Bet On The Presidential Election In Las Vegas
Many experts feel his case will be dead on arrival. And Biden has already been making the steps in constructing his administration. Sports bettors may have to wait until the top of the year in order to cash in on their wins.
Sportsbook in los angeles. News tags: Bovada | Donald Trump | Election | Joe Biden | Kamala Harris | Mike Pence | MyBookie | Presidential Election | Sportsbet
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he's not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.
