Random Beats: 2020 Presidential Election Live Betting Is A Vibe

As betting and daily fantasy endeavors have skid to a brief halt until Thursday Night Football, the US Presidential Election has naturally consumed our berth of remaining allocation of attention. With nothing but Counter-Strike: GO and soccer to tide us over on DraftKings, we shifted our attention to the Presidential Election Day betting lines for an added sweat to the sweat. And has it ever been the pendulum swing back and forth.

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Entering the Tuesday market, the betting lines for the 2020 Presidential Election featured Democratic nominee Joe Biden as a -150 favorite to Republican incumbent Donald Trump’s +130 (depending on the sportsbook you’re looking at, at that time). Ever since then, the line movement has been so drastic that it’s reminiscent of the Super Bowl 51 in-game line movement when the Atlanta Falcons started coughing up their lead to the New England Patriots.

According to The Action Network’s reporting, as of last night at 10 PM EST on the end of Election Day (Day 1), President Trump’s betting line odds were at an all-season high as a 74.2% favorite at most sportsbooks, which was found at -250 wagering odds in various places.

📊 2020 Presidential Election Implied Win Probability

• 5p ET: 68.2% (Biden)

• 8p ET: 53.1% (Biden)

• 10p ET: 74.2% (Trump)

• Now: 55% (Trump)https://t.co/CMKl9Nzef5 pic.twitter.com/f3k4RHV3Pi

— Action Network (@ActionNetworkHQ) November 4, 2020

With a major swing state in Florida officially going to Trump’s electoral tally, the evening was topped off with Ohio taking the same momentous swing in favor of the incumbent. This seemed to sway the betting market vastly in Trump’s favor by contrast to how the day began on Tuesday.

Fast-forward to 7 am EST today, where we woke up to Wednesday’s betting market trending along a different tale of the tape. As swing states too close to call in Pennsylvania, Arizona, Nevada, Michigan, and Wisconsin had finished up their same-day voting counts and shifted into their mail-in and absentee ballots, the betting line has been on a reverse trend.

*Left Column represents Biden; Right Column represents Trump

Betting lines have swung remarkably in favor of Biden, with the Democratic candidate’s betting odds elevating to -390 at some books, which seems strikingly peculiar since the theme of late last night. This is notably impacted by which counties and states are counting their same-day voting first before getting to all mail-in and absentee ballots cast.

*Update via The Action Network:

Regardless, with nothing but a Counter-Strike:GO Showdown slate to tide us over today, if you’re going to sink your hooks into a wager to sweat for Wednesday then you may want to do so now, as the lines could reverse tide at any moment (so it seems). Swing state betting lines are also available on some sportsbooks.

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