The Democratic Party is the underdog in this market at +100.

So, in the case of betting on the Republicans, we need to risk $120 to win $100. They represent the amount you need to bet to win $100. The odds are expressed in moneyline format, with the Republicans at -120, as the favorite. This is different than betting on which candidate will win, instead, bettors are only choosing the party that takes the White House. This market allows bettors to pick the winning party in the Presidential Election. US Presidential Election 2023 Winning Party Party However, there are other odds types available for bettors which can be easily changed at most sportsbooks.īut, for now, let’s take a look at a US Presidential betting market with moneyline odds. Presidential Betting Odds ExplainedĪt American-facing sportsbooks, almost all betting sites will use moneyline odds or American odds when presenting their presidential election odds to players.

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