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U.S. Presidential Odds for November's election (updated with states)

Posted on 9/3/20 at 10:50 am
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38545 posts
Posted on 9/3/20 at 10:50 am
As of 9/3

Trump - 110
Biden - 110

Big shift lately towards Trump. Biden at one point was - 140 to - 160 depending on where you play.

Big moves with these three states from last month:

Wisconsin was + 170 for R now off the board. I assume due to riots?

Michigan was + 250 now + 165 for R

Minnesota was + 300 now + 170 for R

Other key states:

Florida - 115 for R and - 115 for D
Pennsylvania - 180 for D and + 135 for R
Arizona - 130 for D and EVEN money for R
Iowa - 300 for D and + 220 for R

Posted by MeatPants
Member since Nov 2015
8853 posts
Posted on 9/3/20 at 10:53 am to
Iowa is +220 for Trump.

Can I bet my 401K on that
Posted by VADawg
Wherever
Member since Nov 2011
44840 posts
Posted on 9/3/20 at 10:55 am to
quote:

Iowa - 300 for D and + 220 for R


Posted by Olric
New Orleans
Member since Jul 2015
1886 posts
Posted on 9/3/20 at 11:02 am to
I think OP is wrong...Bovada has these exact odds but flipped
Posted by flyAU
Scottsdale
Member since Dec 2010
24849 posts
Posted on 9/3/20 at 11:03 am to
Aren't odds a bad thing to go off of? They change based on where the money is being placed so that the "house" gets money on both sides. Is it totally different in politic odds?
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13815 posts
Posted on 9/3/20 at 11:11 am to
I don't understand how they can have even odds for the election, but have the swing states look the way they currently do. Something isn't adding up
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13815 posts
Posted on 9/3/20 at 11:12 am to
quote:

They change based on where the money is being placed so that the "house" gets money on both sides.


Well, that's not even how it works in sports gambling, sooo
Posted by saints5021
Louisiana
Member since Jul 2010
17479 posts
Posted on 9/3/20 at 11:13 am to
Think of it more like people don't buy the bullshite when they put their own money on the line. IMO, betting markets shift but are usually dead on. Way better then the polls.
Posted by AUtigR24
Happy Hour
Member since Apr 2011
19755 posts
Posted on 9/3/20 at 11:13 am to
I'm going in Bigly on Biden.

These books makers assume the election will be "fair"
Posted by SirWinston
PNW
Member since Jul 2014
81701 posts
Posted on 9/3/20 at 11:14 am to
Iowa is a steal
Posted by shel311
McKinney, Texas
Member since Aug 2004
110841 posts
Posted on 9/3/20 at 11:15 am to
quote:

They change based on where the money is being placed so that the "house" gets money on both sides.
This is not correct, books don't always try to get 50/50 on each side for the money.
Posted by flyAU
Scottsdale
Member since Dec 2010
24849 posts
Posted on 9/3/20 at 11:21 am to
quote:

This is not correct, books don't always try to get 50/50 on each side for the money.



I am not saying it would be the 100% driver of the line, just saying that it will shift with money going hard on one side vs the other.
Posted by engvol
england
Member since Sep 2009
5055 posts
Posted on 9/3/20 at 11:21 am to
Important to remember Trump was odds on for large parts of the year. Around the time BLM protests kicked off their was a natural reduction in Bidens odds but the longer its gone on Trump has shortened back the mean.

I agree the state betting doesn’t match the presidential betting and there is money to be made. I’ve had bets on MN and NH and the odds are retracting nicely
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 9/3/20 at 11:31 am to
quote:

Well, that's not even how it works in sports gambling, sooo
Lines do move based on the action and amount. It may not be 50/50, but in general it’s in the best interest of the books to have them pretty evenly distributed. This is also why the final line and odds are remarkably accurate and more accurate than the initial line and odds because of the “wisdom of the crowd” not because the odds makers have some super forecasting abilities (though they’re pretty good) like many seem to think.
This post was edited on 9/3/20 at 11:33 am
Posted by Who_Dat_Tiger
Member since Nov 2015
17441 posts
Posted on 9/3/20 at 11:33 am to
quote:

Iowa - 300 for D and + 220 for R


Uhh yeah that can’t be right... wherever you see this you better place a max bet. If the max bet allowed is $1,000 for instance then you’d have $3,200 on November 4.

Risk $1000 to win $2200
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13815 posts
Posted on 9/3/20 at 11:34 am to
quote:

but it’s in the best interest of the books to have them pretty evenly distributed


Vegas takes stands on games very often. Sometimes they want 50/50 or round about, but often times they're trying to get more money on one side. It happened many times during the LSU/Bama games where they would try and get more money on LSU.

Vegas doesn't live off the squeeze.
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