Us Election Odds Australia

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Online election betting has become an accepted feature of Australian elections these days, and Australians are able to place wagers on their own election results as a form of Australian sports betting.

The two basic factors at play are firstly, a natural urge to place a bet on current events and in particular sporting results, and secondly, the age-old tradition of betting on election results.

Australia has a predilection for speculating and wagering. A nation of punters, eager to predict the results of sporting events, will naturally feel the need to place wagers on social races, such as elections, too. People have bet on elections for many years. Despite a rather chequered history, this tendency has survived to today, with many people eager to wager on the outcome of elections, and particularly general elections. These days, betting on Australian election results is regarded as simply a form of sports betting. Taken online by a bookmaking industry that realised how much of a market these factors generated, a significant number of Australians enjoy placing wagers on the election results. This Australian election betting action is seen as friendly speculation allowing partisans to intensify the ritual experience of elections.

US Election Tips. The most popular political prediction website in the US is FiveThirtyEight. They have a Model, that’s updated daily, which gives Joe Biden an 89% chance of winning the Election. That converts to odds of $1.12. Our favourite resource has been the host of articles we’ve read from full time political gambler, Paul Krishnamurty. TRUMP vs BIDEN - Get the latest odds & betting markets on the US elections with TAB. Who will win the 2020 Election betting with TAB allows punters to bet on some of the biggest elections in the US and globally. 1 minute to join Australia's #1 betting site and place your bet on the big day. View the latest odds on Politics Matches & Bet with Sportsbet. Join Australia's Favourite Online Betting and Entertainment Website.

Best Election Betting Odds

Online election betting functions in exactly the same manner as sports betting in terms of dealing and interacting with the sports bookmakers’ site. These bookmaker sites provide odds on specific eventualities occurring as a result of the elections. Obviously these eventualities as well as the federal election betting odds offered for them are going to be different for each election, and in fact should be watched carefully throughout an election as they may vary considerably and very quickly during the course of that election too. Online election betting Australia sites therefore provide a range of eventualities, with federal election betting odds, for punters to bet on. The options available include overall results such as an outright win for either party, whether a coalition could be formed to provide a government, or whether there would be a hung parliament, for instance. On occasion there will be an either or situation during an election or referendum. In these situations, when only two options are available, punters will wager on arbitrage sites where one site is ‘for’ and the other ‘against’.

Election Betting – A Competitive Market

The huge online election betting market is highly competitive with bookmakers all seeking a share of this seasonal, yet highly participative online sports betting market. To be competitive sites endeavour to attract punters by offering the best value betting as well as ensuring that punters can deposit money, bet with ease and with all the convenience that the modern Australian online community demands.

Wager with Federal Election Bets!

Most reputable sports book sites offering Australian election betting also offer various other betting markets such as celebrities’ babies’ names, the outcome of TV shows and even the weather. Find your favourite bookmakers’ site right here, sign up today and know that with the modern online and mobile capabilities such as iPhone betting apps, no Australian should ever feel left out of a good wagering opportunity and should have access to a good bet wherever and whenever they need it.

Donald Trump has declared himself the winner of the 2020 presidential election and called for "all voting to stop" in remarks delivered live from the White House on election night.

The betting agencies are providing huge clues about the election result. Picture: Michael Ciaglo/Getty Images/AFPSource:AFP

A bookmaker has declared a Joe Biden victory, already paying out on bets for him to become the next US President.

Sportsbet tweeted the announcement just after 11am Australian time, even though the election is yet to be officially called by anyone.

The betting agency has paid out $23 million on election bets, but says it is still taking bets on who will win the presidential race.

The betting site had Biden at $1.10 and Trump at $6.50 but odds has been shifting dramatically over the past 48 hours.

Just yesterday afternoon, there was a huge swing to Trump, whose odds plummeted to a narrow $1.22.

But this morning, things wildy swung back in favour of Biden as the race narrows in key battleground states.

This is how Australian bookies were tracking this morning. Basically, it means for every $1 you put on that candidate, you would get the below in return if they win.

HERE ARE THE LATEST ODDS AT 2:30PM:

• Biden: $1.14

• Trump: $5.50

• Biden: $1.11

• Trump: $5.80

• Biden: $1.11

• Trump: $9.40

• Biden: $1.10

• Trump: $6.50

• Biden: $1.10

• Trump: $6.00

Scroll below to see how they compared to last night.

Joe Biden is firming up in betting odds to become the next president as polls close in the US election. Picture: Jim Watson/AFPSource:AFP

In 2016, Trump was $2.35 before markets closed ahead of the election.

Biden’s highest price was $26 in February this year.

The US election has been so popular for TAB that it will hold more money for the historical event than the AFL or NRL Grand Finals and it’s the same situation for Sportsbet.

RECORD BREAKING BET

Over in the UK, a British businessman is so confident Trump will win that he has placed a record breaking bet on the president staying in the White House.

The mystery former banker used private bookies registered in the Caribbean to place a bet of $5 million ($A6.97m), with odds of 37/20, on Trump’s win, according to The Sun.

If he is successful, the businessman could be taking home almost $15 million ($A20.9m).

A betting industry source told the publication the bet was believed to be “the biggest ever made on politics”.

While most indicators predict a Biden victory, if 2016 taught us anything, it’s that there’s no such thing as a shoo-in.

There has been a huge rush in bets on the US election, providing some major clues about what to expect from one of the most crucial votes in recent history when it comes to the polls – and the betting agencies.

WHAT DID THE POLLS SAY?

Betting Us Election Odds

On election eve in the US, there had been a flurry of last-minute polling, with the Des Moines Register poll showing Trump beating Biden 48 per cent to 41 in Iowa – a massive swing from its previous survey, which had the race tied.

A poll of New Mexico from The Albuquerque Journal, which showed Mr Biden winning 54-42, was in line with the conventional wisdom that New Mexico was a little too Democrat-leaning these days to be considered a proper swing state.

The latest batch of New York Times/Siena polls covered four different states. Those polls showed Biden up 49-43 in Arizona, 52-41 in Wisconsin, 47-44 in Florida and 49-43 in Pennsylvania.

An EPIC-MRA poll of Michigan had the Democrat leading 48-41. Another, conducted by St Pete, showed him winning Florida by a razor-thin 49-48 margin. And finally, a pair of ABC News/Washington Post surveys had Biden up 51-44 in Pennsylvania, but Trump winning Florida 50-48.

RELATED: Biden’s long fight to take on Trump

The odds are in Joe Biden’s favour. Picture: Drew Angerer/Getty Images/AFPSource:AFP

RELATED: How mail voting works in the US

WHAT ARE THE ODDS?

Democratic hopeful Joe Biden has been the clear favourite across the major betting sites in the lead-up to the election.

But as the vote continued into the night, odds switched back in favour of Donald Trump.

Many believe betting odds offer a more accurate election prediction than polls, as people have invested their own hard-earned cash in the outcome.

These were the odds according to some of the major betting agencies, as of November 4 at 6.30pm, so you can see how much they’ve shifted.

• Biden: $3.20

• Trump: $1.34

• Biden: $3.20

• Trump: $1.34

• Biden: $1.45

• Trump: $3

• Biden: $2.88

• Trump: $1.36

• Biden: $3.10

• Trump: $1.33

PUNTER’S STUNNING $130K GAMBLE

A record number of bets have already been placed on the US election – but one cocky TAB punter shocked betting pros by laying down $130,000 on a Biden win.

Us Election Odds Australia Today

The unnamed gambler bet the staggering pile of cash at odds of $1.57 this week.

Other big recent bets include $100,000 at $1.56 on Joe Biden and $40,000 at $2.50 on Donald Trump.

DIFFERENT BETS YOU CAN MAKE

Us Election Odds 2020

All eyes are on the big one – whether it will be Joe Biden or Donald Trump in the White House for the next four years.

But there are also a string of other bets on the table, including the number of electoral college votes each candidate will receive, who will win the popular vote, the state electoral college winner, the state margin, seat margin, US Senate winner and many more.

For example, Trump is paying $4.50 to win the popular vote compared to Biden’s $1.18 (the candidate to get the most votes across America).

In 2016, Ms Clinton won the popular vote but still lost the election.

2020 Us Presidential Election Odds Australia

RELATED: Why Americans don’t want to vote

Will US President Donald Trump manage to pull off another miracle? Picture: Brendan Smialowski/AFPSource:AFP

RELATED: America’s confusing voting system explained

ODDS BEFORE 2016 ELECTION

When Donald Trump took on Hillary Clinton in the 2016 election, it wasn’t just the pollsters that got the outcome disastrously wrong – the betting sites also incorrectly predicted a Clinton victory.

In fact, Irish bookmaker Paddy Power failed so spectacularly it ended up with a £4 million ($A7,399,793) bill after prematurely paying out £800,000 ($A1,479,958) to those who had backed Clinton ahead of Trump’s shock win.

According to OddsShark, Trump’s odds to win the 2016 election were close to 5-to-1 on election day eve and over at TAB, Trump was $2.35 before markets closed ahead of the 2016 election.

Us Election Odds Australia Sportsbet

HOW TO BET

Betting on political elections is very much illegal in all 50 states in the US.

Georgia Election Odds

However, the same rules don’t apply in other countries, which means betting agencies based in Australia, the UK and other nations are open for business, with most companies allowing punters to place a bet online.

Us Election Bet Au

According to Fortune, gambling insiders are expecting the previous record set in 2016 to be broken again this year, with some bookies expecting the election to be even bigger than the Super Bowl where betting in concerned.