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How does the US Presidential Election work? 

It’s not as straightforward as the most votes may win unfortunately. To put it simply, it’s done on a state by state basis. That is to say, each state votes for their candidate, then, once they have done so their Electoral College votes are awarded to that candidate. Understanding this process is essential if you want to place election bets.

What is the Electoral College? 

The Electoral College has been part of the US Constitution since way back when and was essentially put in place to ensure that votes form smaller states count. However, larger states do get more Electoral College votes to contribute to the overall result. For example, large and populous states such as Texas and California have the most overall votes. Meanwhile, small states such as Delaware and South Dakota have very few by comparison. To give you an idea of numbers, California has the most with 55 Electoral College votes, while states like Delaware sit at the lower end with just 3.

What this means is that effectively the candidate who wins the most votes doesn’t necessarily win the election. As a result, there has been some debate about changing this process. However, as things stand it remains in place. In 2016 Hillary Clinton actually had more votes in terms of headcount (known as the popular vote), but lost the election.

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US Election Bets Odds

Like with Basketball betting the US, when it comes to betting on the US Election, whether you're betting on Underdog or reviewing the odds on OwnersBox, understanding the market dynamics and odds is very important to give you the edge you will need. The odds basically represent how likely it is for a particular event to occur, such as a candidate winning the presidential race. For example, if a candidate has good odds, it suggests that they are generally viewed as having a better chance of winning compared to candidates with much higher odds, which indicates a less likely chance.

Betting on the US Elections is one of the simplest markets to come to terms with. US politics betting, however, doesn't just start and end with betting on the next president. The top US politics betting sites all around the world offer a wide range of election betting options. There are lots of markets to select from, some that run throughout the year. From state to Senate to federal votes, these take place all the time and keep US betting running outside the presidential elections. There are also a ton of exciting propbets, that cover everything from social media to the weather.

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The types of US Election Betting Markets vary based on the popularity of the race. We give an overview below of some of the most popular markets and what you can expect from US bookies in these markets in terms of coverage.

• Popular Vote

The popular vote is a bet on the candidate who will receive the most votes overall. The betting lines on this vote generally appear on sportsbooks one or two months before the Election Day. The popular vote is one of the most common political prop bets you can expect to see on most sportsbooks. This vote does not in any way determine the actual result of the elections. The presidency uses an electoral voting system, so this doesn't necessarily mean the candidate with the most votes will be elected President.

• State Winner Votes

The truth about US Elections is that some states are much more important than others in deciding the outright winner. You can expect to see betting lines on several sportsbooks as to which candidate will win key states put up very early on during the election race. This betting line provides bettors with a very exciting line to bet on, as winning a key state can make or break a candidate's campaign.

• Outright Winner

Just as the name suggests, this bet concerns the overall winner of the elections. An outright winner bet is also called a futures bet, that is, to bet on the market, a bettor must correctly predict the outcome of the election. A lot of sportsbooks just list individual candidates, but a couple may also have spin-off bets like:

1. Which party will win the 2024 US Presidential Elections?
2. Will a man or woman win the 2024 US Presidential Elections?

This market is the easiest one to bet on and the market that most election punters will likely bet on. It usually includes a list of all the candidates running the presidential race for the year. Each candidate comes with their respective odds, and the odds signify the returns if your bet wins.

• Props Bets

The Presidential Election Props Bets market is one of the most popular forms of political wagering in US Election Betting. The prop bets market generally starts to gain traction as the election draws closer. This bet type covers a wide range of things related to the US Presidential Elections and most online sportsbooks offer all sorts of interesting markets from first states to report results to the length of the winning candidate’s victory speech to social media mentions to the outcome of swing states among many others. These bets do not necessarily predict the outcome of the election.

The Best US Election Betting Sites

Are you ready to cast your vote and your bets for the 2024 US Presidential election? While you may have to wait a few more months to vote, you can start placing your bets now. We searched the internet to find the best betting sites that offer the best election betting odds you'll find very delightful, so you know where to wager for November 5th’s big day. Here's a quick breakdown of all the betting sites so you can find your perfect fit:

• • Underdog: If you're interested in local or state-based politics, then you'll like Underdog’s ability to wager on US Senate, House and Governor elections. Underdog is full-scale legal in Alabama, Alaska, Arizona, Arkansas, California, Colorado, DC, Florida, Georgia, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Missouri, Nebraska, New Mexico, New York, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Wisconsin and Wyoming.
  • ParlayPlay gives you the freedom to have more fun with election betting compared to other sites. The site offers a fun way to casual or new political bettors to bet without staking on outright election winners. It has grown to become one of the best US election betting sites for political betting - offering various markets at great odds. ParlayPlay currently offers betting play in the following states across the US - Alabama, Alaska, Arkansas, California, Colorado, District of Columbia, Florida, Georgia, Illinois, Kansas, Kentucky, Massachusetts, Minnesota, Nebraska, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont and Wisconsin.
  • OwnersBox focuses its odds on the US Presidential primaries and the elections, meaning that you can enjoy better prices on their markets because there is a smaller range of bets available. OwnersBox accepts US residents from more than 35 states, all the way from California to Florida. The only states that miss out in the United States are Arizona, Connecticut, Delaware, Hawaii, Idaho, Indiana, Iowa, Louisiana, Michigan, Mississippi, Montana, Nevada, Pennsylvania and Washington.

Trends for US Presidential Election Betting in Recent Times

The outcome of the 2016 US presidential election raised many questions as to whether the opinions of voters or polls are reasonable as a practical method of predicting winners. In 2016, President Trump had a very low possibility of winning the election, so many bettors banked on Hillary Clinton to win because of her incredible 91% probability. The odds of Trump winning the 2016 US presidential election was 25/1 in August 2015, and it dropped to 6/4 before the first presidential debate.

In fact, some bookmakers gave bettors the option of cashing out early because of Donald Trump’s awful odds. However, Donald Trump’s victory at the polls caused a great upset to bookmakers.

The above scenario clearly shows that a bettor needs more than the voters' polls to place their bets and earn massive returns in the US presidential election.

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Which Bookies Offer the Best Election Betting Deals?

Would you like to place a sure bet and stand a chance to earn? Then election betting is your best bet in this regard. Election betting bookies get very interesting as the election period approaches, and finding the best betting deals can be a real tax. From wagering on primary tickets to local and state political betting markets, our recommended election betting bookmakers are where you'll want to start. Our review checks out the top-ranked Election Betting bookies by the betting deals they offer. You'll find the best election betting bookies that offer the best deals from our list:

• 1. • DraftKings.

     Draft Kings is one of the best politics betting bookmakers around. This bookie offers some of the best political betting deals, with a wide range of real money betting lines. There are plenty of odds you can wager on under the US Election section, including “Biden Specials” and wagering on the Republican and Democratic tickets. You can also bet on Congress and wager whether Mike Johnson will be speaker come the next election. There are a lot of great deals with which you stand a chance to win.

     • FanDuel Fantasy.

     FanDuel Fantasy is a great all-round bookie with one of the most robust collections of political markets you'll see anywhere. The bookie lets you make bets beyond the United States with betting lines on politics in the UK, Europe, Canada, and even New Zealand. FanDuel Fantasy also serves up specialised Senate betting lines, electoral college votes, and more to add to its special lines. FanDuel Fantasy has more presidential election props bets than any other site. There are more than 20 election props available, including primary election results, debate winners, approval ratings for candidates and popular vote. Overall, the odds are pretty decent.

     • Underdog.

     Underdog is one of the top online bookies for the NBA that also delivers excellent election betting deals, even though it does not have the diversity of options that DraftKings or FanDuel Fantasy does. Underdog offers very competitive election odds broken up into two categories. The first is which party will win. If you're looking for a wager with a little more, there are lines on specific presidents, and each option has odds on par with DraftKings.

     • Dabble

     This bookie has a wide range of deals for both casino and sports betting, plus some very solid lines on the upcoming election. You won't find the diversity you'd get from DraftKings, but Dabble has very good options for a straightforward bit of presidential prediction. The bookie makes it simple to find the odds for presidential elections with nominees from both parties, and odds for the party that will win, making it the perfect place for election-betting beginners to understand what they're betting on.

Editor's Recommendation

DraftKings.

DraftKings is one of the oldest betting sites on the market today. It first launched in 2012 and has been one of the top sportsbooks ever since it hit the scene. The betting site offers a lot of great bonuses and jackpot prizes as well along with safe betting options on sporting events, poker and all the latest casino games. The site offers real money action on a wide variety of international sports as well as some other unique betting options, which include:

• Lotteries.
• Financial markets.
• Politics.
• Entertainment.

DraftKings also offers a lot of different bonuses and promotions. The welcome bonuses are quite generous with the terms very clear and transparent. There are also multiple banking and withdrawal options made available to customers.

DraftKings Key Details.

• Country Available - United States of America.
• Device Compatibility - Android, Apple and Windows.
• Online Since: 2012
• Minimum Deposit: $5.
• Payout Speed: 24 to 48 Hours.

Conclusion- Keeping up with campaigns is key to making a good bet

So there you have it, betting on the US Election is perhaps simpler than you first thought. Additionally, there are more markets available than first meets the eye. Coming up with a viable US Election betting strategy doesn’t need to be overly difficult. First and foremost, it’s important to follow the campaigns and keep up to date. If your finger is on the pulse and you’re equipped with the knowledge then all that’s left to do is pick your bets and find the best bookie with best odds. Once you’ve done that, all that’s left to do is place your wager.

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US Election Odds FAQ