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Article and odds updated on November 6th, 2020 at 10:32am EST

There is a huge event sneaking into view in the United States of America, as the 2020 Election grows ever closer. Americans will go to the polls on the 3rd November, with the winning candidate being inaugurated on the 20th January 2021. It will be a huge decision in the USA as they must decide the man that they want to be the President for the next four years.

Online Markets for US Presidential Online Betting Odds

Vegas Odds 2020 election race is nearing its last month but has but far from a clear winner yet.

US Election Odds: Six trading tips for the biggest ever night of live political betting; US Election Latest Odds: Donald Trump closing the gap on Joe Biden; 2020 Election Latest Odds: Forget 2016. Donald Trump is now priced at 2-1 (33 percent chance) to win re-election after having odds as short as 1-4 (80 percent chance) earlier today. Rapidly changing odds reflected a growing uncertainty.

It doesn’t seem that long ago since Donald Trump shocked the world by defying the odds to beat Hilary Clinton to move into the White House. But, an awful lot has changed since then, and this could turn out to be one of the tightest and more aggressive Elections in American history.

Read on for the Las Vegas presidential odds below:

Current Vegas Presidential Odds

Those gamblers looking to find Vegas Odds for the upcoming or previous elections will be left disappointed.

It is illegal for sports with licenses in the US to offer odds.

That is why none of the leading sportsbooks in Las Vegas have been able to offer odds on US Elections.

An Alternative to Las ‘Vegas Odds’

That is why the majority of online bookmakers, otherwise known as ‘offshore sportsbooks‘ are the way forward for those looking to bet on the 2020 Election.

In any normal scenario outside of the US election, it would have been expected that the Vegas odds Trump commands will be neck in neck with Biden, and this case shows with the online markets below. Again though, there will be no lines available for those looking for Vegas odds President race numbers. The Vegas election odds (online markets) will be updated here live as they become available.

Why Vegas Odds on the US Election Are Illegal

There are a number of reasons why betting on Presidential elections is illegal in the States. One of the main reasons links back to the Black Sox Scandal in 1919. The law is there to ensure the integrity of democracy. Meanwhile, there was also a fear that betting on elections could also have a negative impact on the number of voters that turned out.

The odds are constantly changing as Election night draws closer, and there has been a massive change in favour of Joe Biden. Biden is now the clear -190 favourite in the political betting market with BetOnline.ag, while Bovada also offers the same price for the Democratic candidate from Delaware. Donald Trump, like in the 2016 election, is the outsider to be re-elected, as he is priced at +162 with BetOnline.ag.

There are also other selections in the BetOnline.ag market, as they offer Kamala Harris at +5000. However, that selection would be considered hugely unlikely as Harris is the running mate for Biden in the upcoming election. Meanwhile, Trump’s running mate, Mike Pence, is valued at +10000 with Bovada to be elected as the President.

However, the odds online are slightly different depending on the bookmaker, with Betway still having Biden as the favourite but at a slightly different price. Betway offers -167 for Biden to win the election, but the odds suggest it could be closer as Trump is priced at +115. Bet US initially expected it to be much closer than Bovada and BetOnline.ag, as they have both had Trump and Biden valued at -115 at open, with it now being -200 and -182 for Biden and Trump at +150 and +162 respectively.

Changes In US Presidential Odds Since January

The odds have constantly been changing throughout 2020, with Biden being as high as +2000 at the end of February. However, the Democratic Party Presidential primaries changed the odds. Biden’s price with Bovada plummeted to +160 after he emerged at the candidate for the party. Biden was the last candidate standing after a number of other candidates pulled out. Biden went down to -115 after Bernie Sanders pulled out of the election, which was the lowest price that Biden had been at.

The lowest price that gamblers could get for Trump came at the end of February as he was priced at -180 with Bovada. However, Trump’s odds have been changing week by week, and he went to evens at the beginning of June. At that point, Biden overtook Trump as the favourite in the Election betting. Trump went to as high as +140 at the beginning of July, but his price is getting shorter again as we get closer to the 4th November Election.

With the constant overtaking and media parade, who knows what Vegas odds on Presidential election movements we’ll see throughout the final days leading up to Election night?

Where Will The Election Be Won?

The US Election doesn’t always mean getting the most amount of votes; instead it comes down to the States that you manage to win. The winning candidate will need to get at least 279 electoral college votes to win, with 538 in total up for grabs. Most States vote the same way for every election, but there are some that can go either way; these are called battleground States. There are 14 different battleground States, which turned out to be the decisive factor for Trump back in 2016.

However, recent figures have shown that Biden holds the advantage in the majority this time around. Polls show that Biden has the advantage in Arizona, Florida, Michigan, Minnesota, Nevada, New Hampshire, North Caroline, Ohio, Pennsylvania, Virginia and Wisconsin. Meanwhile, Trump has a better rating on the polls in just three of the States; Georgia, Iowa and Texas. The recent figures also show that there is only a slim difference between the candidates in three of the States that currently favour Biden: Florida, North Carolina and Ohio.

Were The Odds Right In 2016?

The 2020 election will be unlike anything that we have seen before, and the main reason for that is because it is unpredictable. The polls have been wrong on numerous occasions over the past couple of years, which has meant that the odds have counted for very little. The year that Trump won the election, there were two examples that the polls aren’t always accurate, one of which being the Trump election and the other being the United Kingdom voting to leave the European Union.

Back in 2016, Trump was given just a 50% chance of winning the election on the 3rd November, which was just five days before American went to the polls. The unpredictability of the 2016 election meant that huge wagers were placed on both Trump and Clinton, with one gambler from London putting over $200,000 on the eventual winner. One bookmaker revealed that the number of bets put on the election in 2016 exceeded the wagers that were put on other significant events such as the EU referendum, the European Championships and the Epsom Derby.

Whatever happens to in the final debates, one thing is for sure: we remain at the razor edge of our seat to know what Las Vegas odds presidential election candidates Biden and Trump will surprise us with.

Let’s see what Vegas odds president 2020 sportsbooks favor as their lines continue moving toward a dramatic finale.

© Spencer Platt/Getty Images Supporters pray at a President Donald Trump rally on November 02, 2020 in Avoca, Pennsylvania. Donald Trump crossed the crucial state in the last days of campaigning.

Fluctuations in the betting markets have seen Joe Biden gain ground on Donald Trump in the presidential contest as well as the critical battleground state of Pennsylvania after the Democratic nominee had trailed the president earlier on Wednesday, according to a leading bookmaker.

Having placed Trump to win the presidency in the early hours of Wednesday, Betfair later said Biden was back out in front with odds of 1-2 (implying a 66 percent chance) after going in front in Wisconsin.

Donald Trump is now priced at 2-1 (33 percent chance) to win re-election after having odds as short as 1-4 (80 percent chance) earlier today.

Odds To Win Election Live Stream

Rapidly changing odds reflected a growing uncertainty over who would win four years in the White House, with Trump having been odds-on favorite overnight to win Pennsylvania—a crucial step towards winning the presidency.

Overnight, Trump was priced at 2-9 to take the industrial northeastern state for a second consecutive election, after he narrowly won in 2016 to become the first Republican to win a presidential contest there since 1988.

According to Betfair, the president's odds implied an 82 percent chance of securing Pennsylvania's 20 Electoral College votes. However that switched later on Wednesday with the bookmaker offering evens (50 percent chance) for both men to win the state's backing.

A Betfair spokesperson said: 'Joe Biden is now back in front and the 1-2 favourite to be elected president as more news unfolds from the key swing states in the United States.

'Taking the lead in Wisconsin could be the turning point with the Democrat now also projected to win Nevada and Arizona, which would likely give him the 270 electoral college votes he needs for victory.

'Donald Trump, whose chance of re-election moved to as high as 1-4 (80 percent chance) earlier today, is now out to a 2-1 shot as votes continue to be counted. But with an election of this magnitude and particularly one involving Trump, as we know, nothing is impossible.'

As of 7 a.m. ET, Trump was leading by 55.1 percent to 43.6 percent in the vote tally in Pennsylvania, with an estimated 75 percent of votes counted. However a large proportion of the uncounted votes are mail-in ballots, which are expected to favor Biden.

Odds To Win Election Live Today

Pennsylvania has seen numerous legal battles play out, including over voters being allowed to fix problems with their ballots, and the decision to expand mail-in voting means it could be hours if not days until a winner is officially announced.

Speaking after the polls closed, Pennsylvania's Democratic Governor Tom Wolf urged his constituents to 'remain calm, be patient, [and] stay united on election night and in the days ahead.'

Early on Wednesday morning he tweeted that his state had more than 1 million ballots still to be counted and said he had made a promise to Pennsylvanians 'that we would count every vote and that's what we're going to do.'

Live Odds To Win The Election

Let’s be clear: This is a partisan attack on Pennsylvania’s elections, our votes, and democracy.

Our counties are working tirelessly to process votes as quickly AND as accurately as possible.

Pennsylvania will have a fair election and we will count every vote.

— Governor Tom Wolf (@GovernorTomWolf) November 4, 2020

Pennsylvania has long been touted as a crucial state to win, not just for its sizable number of Electoral College votes but what indication it gives about the general direction of travel in the U.S. presidential contest.

Both Biden and Trump ploughed vast amounts of money and time into the state, including in the dying days of the campaign. Trump held four rallies across Pennsylvania on Saturday alone while Biden opted for a symbolic return to his hometown of Scranton on election day.

Odds To Win Election Live Results

A source close to the Biden campaign told Newsweek last month that the state was 'driving everyone's strategy,' adding: 'We'll probably win here. But if we don't, we are so screwed.'

Polling and political analysis website FiveThirtyEight has described Pennsylvania as the 'single most important state of the 2020 election.'