- Voter turnout had an O/U line of 149.5 million in the 2020 election cycle.
- In fact, turnout was the highest in over a century, hitting around 66% or more.
- Joe Biden is currently favored to win the election with -430 odds.
LAS VEGAS - While the final margins are still in doubt, one thing is for sure about the 2020 Election: it was the highest turnout election since 1900.
Everyone wanted to get the chance to cast their ballot for either Donald Trump or Joe Biden, and with thousands of votes still uncounted, a couple things about election night have become clear.
Record-breaking turnout is one of those things - it is currently estimated that more than 160 million Americans voted in these elections, up from 136.67 million votes in 2016.
There were betting odds on the turnout throughout the election process at the online sportsbooks.
The estimate for turnout in the election given by the online sportsbooks on September 27th was 149.5 million voters, and the odds looked like this:
Voter Turnout in the U.S Presidential Election
- Over 149.5 million voters -225
- Under 149.5 million voters +160
At the same time, the online sportsbooks posted these odds:
Voter Turnout in the U.S. Presidential Election
- Over 60.5 % -150
- Under 60.5 % +110
In both cases, the over was favored, but it might not have been favored by enough to protect the online sportsbooks, because the turnout actually got above 66% according to most estimates.
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Over bettors seemed to be right on the money, and turnout looks to have exceeded the Over/Under line by about 10 million people.
In addition, this turnout and interest in the election drove the sportsbooks to accept an incredible amount of wagering on the event.
The handle on this event was expected to go north of a billion dollars, and with the election still not called, that number will likely only grow.
There are still several states outstanding in terms of votes to be counted, which means there are actually more bets to be made.
If anyone has the stomach for it, the online sportsbooks still have election odds on Georgia, Nevada, Wisconsin, Pennsylvania, North Carolina, and Michigan at the time of writing.
As for the overall election odds, this is what they look like right now.
2020 Presidential Election
- Joe Biden -430
- Donald Trump +300
Best of luck betting on the 2020 election.
Maxwell joined the USAOnlineSportsbooks team in 2019. He focuses on creating sports betting content that informs and educates. He focuses on the NBA, the NFL, College Football and Basketball, and whatever else comes across his desk.
