The five months have been some of the strangest in the recent history of the United States. To make things even more complicated than they already are, we’re in for another presidential election a little over five months from today. Due to several recent events, the Trump vs. Biden betting odds have changed in a major way.
A lot can happen in just a few months. It’s likely that the current odds will look much different when November rolls around. Today, we’ll take a quick look at where the election odds stand right now.
These odds are courtesy of Bovada, one of the top online sportsbooks in the US.
President Trump’s Approval Rating is Beginning to Drop
Donald Trump’s run as President of the United States has been highly contentious. It seems that the US population either loves him or hates him. His standing with the general population swings wildly from one direction to the next depending on the decision he makes on any given day.
The past week has proven to be one of the worst in his presidency. As most are well-aware of, massive protests are taking place around the country due to the murder of Georgy Floyd by a member of the Minneapolis police force.
President Trump hasn’t exactly calmed things down. Just a couple of days ago, he ordered law enforcement to disperse protesters near the White House to make way for a photo opportunity at the St. John’s Church.
We’re beginning to see the President’s approval rating drop quickly. In Utah, for example, 46% of the state now believes he’s doing a poor job as POTUS. His overall US disapproval rating is now at 54%.
The betting odds for the 2020 election are beginning to change quickly, as well.
Unsurprisingly, these odds are now starting to swing in Joe Biden’s favor. Not everyone is convinced things will stay this way, though. Here’s where both men stand in the eyes of the oddsmakers.
Trump vs. Biden Betting Odds Continue to Change
For many weeks, all major US sports leagues were completely shut down. As a result, political betting started to grow considerably more popular than it was at the start of the year. Many have now begun placing their bets on the upcoming 2020 presidential election.
Joe Biden is the presumptive Democratic presidential nominee. Not everyone is pleased about this fact. It’s been a struggle for a widely-supported nominee to come forward that Democrats feel can defeat Donald Trump in the polls.
the Trump vs. Biden odds seem to indicate that Joe has a real shot at winning. In fact, Joe Biden has overtaken Trump as the favorite to win the election with odds of -110.
There are some that point out Biden’s blunders on television as a reason to be concerned. Others close to Joe swear he’s still more than capable of becoming President. The oddsmakers now like his chances and based on the recent events, his chances of winning are better now than ever before.
Trump’s presidency has been one of the most contentious in history. He has a loyal fan base and many felt the economic situation during the majority of his time as President would lead to a reelection. His odds are now dead even to winning in 2020.
November is still a long time away. The current odds are almost certain to change dramatically before that time.
Sports Betting is Slowly Beginning to Come Back
This year’s election is likely to be the most-bet-on political event of all time. Part of that is due to the public opinions of Donald Trump. Another reason is the surge in sports betting seen around the United States.
Sports gambling has grown tremendously popular since the Supreme Court struck down PASPA in May of 2018. Even in states without a regulated sports betting industry, this form of gambling is growing. Fortunately, mainstream sports are now starting to make a comeback.
As we said earlier, several major leagues have already begun to resume their operations. That includes the UFC, which continues to hold major fight cards weekly. The NBA is likely to resume its operations soon, too.
Some feel that within the next few months, all US sports leagues will be back up and running. That’s an extremely exciting proposition for many people across the US. We’re finally getting some entertainment!
For now, the Trump vs. Biden betting odds might be the best available wager online. There’s a chance that Donald ends up as the betting favorite once the election rolls around. Perhaps this is the time to take advantage of the odds!
Do you plan on betting on this year’s presidential election? Who do you think wins? Let us know in the comments section below.