The odds to win the presidency in the United States have been quite volatile for many months. Believe it or not, at one point in time, it was actually Jeb Bush who was the favorite to win the presidency. Behind him were a trail of other candidates, including Hillary Clinton, and many others who have long since fallen off the campaign trail. As of now, the odds are swinging on a day to day basis, with Clinton having been a sizable favorite since the nominations were a foregone conclusion months ago. Needless to say, this election cycle is significantly more interesting, unique, and dramatic than any that have come before it, and we expect the odds to continue swinging accordingly.
As of today, August 16th, on Bovada.lv, Hillary Clinton is -450 to become president, while Donald Trump is +325. Technically these odds are listed on a party basis, meaning a wager on democrat or republican, but for all intents and purposes, you are betting on these particular candidates. Donald Trump had been a decent bit stronger just a few weeks ago with his odds in the +200 to +300 range. With each day that passes, and each new controversy that arises, Trump’s odds, and as a result, Hillary’s odds, continue to adjust.
Right now we do not see a lot of value betting on either side of this ticket. Now, if you were to place a bet based on your current possible price vs. what you would have received any time in the past few months, it is clear that Donald Trump is the best play. Is he also the most risky and volatile bet? Yes, of course, but that is the case with just about any bet that has the potential to pay off big. If you think that Trump stands a strong chance to be president in 2016, now would be the best time to place your bet as the odds are certainly better than they have been.
The biggest downside to placing political bets is always found in the amount of vig that you will need to pay. While political betting is certainly not the biggest wagering market in the world, it is much bigger than it was just a few years ago. Online books will see much more action on these bets since US residents can’t place presidential bets in physical casinos, not even in Las Vegas. Residents in places like London, however, can make political bets in their local betting shops.
The 2016 election is certain to be an exciting one, full of drama and never ending developments, and now is your time to cash in if you think you know who the next president of the United States is going to be.