Trump vs. Harris Betting Odds: A Comprehensive Guide

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:

• Polls: The most recent opinion polls are a major factor in determining the betting odds. If one candidate is consistently leading in the polls, their odds will be higher than their opponent's.
• Fundraising: Another important factor is campaign funding. The candidate who raises more money is more likely to be able to afford a larger advertising budget and reach more voters.
• Endorsements: Endorsements from prominent figures can also have a significant impact on the betting odds. If a candidate receives an endorsement from a respected politician or organization, their odds will likely increase.
• News Coverage: The way in which the media covers the candidates can also affect the betting odds. If a candidate receives negative press coverage, their odds may decrease.
• Momentum: The perceived momentum of a campaign can also play a role in the betting odds. If a candidate is seen as gaining momentum, their odds will likely increase.

Effective Strategies

There are several strategies that you can use to improve your chances of winning money betting on presidential elections:

• Do your research: Before placing any bets, make sure to do your research and understand the factors that can influence the odds.
• Bet early: The odds are often more favorable for the underdog candidate early in the campaign.
• Hedge your bets: Don't put all your eggs in one basket. If you're betting on one candidate, consider also betting on their opponent.
• Manage your bankroll: Don't bet more money than you can afford to lose.

Tips and Tricks

Here are a few tips and tricks to help you get started with political betting:

• Use a reputable betting site. There are a number of reputable betting sites that offer political markets. Make sure to do your research and choose a site that is trustworthy.
• Understand the different types of bets. There are a variety of different types of bets that you can place on political elections. Make sure to understand the terms and conditions of each type of bet before placing it.
• Follow the news. Keeping up with the latest news and developments in the campaign can help you make more informed betting decisions.
• Don't let your emotions get in the way. When betting on political elections, it's important to stay objective and not let your emotions get in the way.

Step-by-Step Approach

Here is a step-by-step approach to betting on the 2020 US presidential election:

1. Choose a reputable betting site.
2. Open an account and make a deposit.
3. Understand the different types of bets.
4. Research the candidates and the race.
5. Place your bets.
6. Follow the news and adjust your bets as needed.

Sample Tables

The following tables provide some sample betting odds for the 2020 US presidential election:

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.