Current Political Betting Odds On Senate Races
With new elections taking place every two years, online sportsbooks are always offering the chance to bet on Senate Races. These betting sites have odds for the Republican party to take the Senate back and odds for the Democratic Party to hold on during the 2024 Senate Elections. Betting on the favorite party is never a lock. The Republican Party was favored to keep control of the Senate in 2022 but was not able to do so. In this year’s election, bettors will be looking to cash out on the underdog by betting on the Democratic Party.
Current Odds To Win the Senate
 Republicans Take the Senate |
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 Democrats Keepthe Senate |
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Online Sportsbooks That Offer Political Betting On Senate Races
When looking to bet on Senate Races, Bovada and SportsBetting are two of the best available options. Just like with betting on the Presidential Race, these sportsbooks offer a variety of different types of props. Use Bovada or SportsBetting to bet on which party will control the Senate, victory margin for specific parties in a state, and much more.
How To Bet On Senate Races
Betting on the Senate Races is simple. The process is almost identical to wagering on a sporting event or presidential candidacy. Simply choose which side, republican or democrat, you wish to place your bets on, review the odds, and place your bets. There is no difference from sports betting other than it being political instead of athletic. Just like with sports betting there is no such thing as a sure bet. And online sportsbooks will provide a bevy of winning opportunities for all sports bettors throughout the Senate Races.
Understanding Odds And Wagers
It is very simple to understand odds and wagers. Odds are the chance that a given bet will win. The odds will be represented with either a positive or negative number representing which direction sports bettors are leaning. For example, if team A has -115 odds to win as opposed to team B who has +250 odds to win, team A is the favorite as they have the shortest odds. What this means is that more sports bettors are wagering on team A’s victory for whatever reason. A wager is a bet that is placed on whichever team.
If you think team A will win and you bet on team A, that is a wager. The -115 associated with team A means that if you bet $115 you can win $100. The reason you bet more is because more people are betting on the same team. If you were to wager on the underdog, in this case, team B you would bet $100 to win $250. You can win more with the longer odds but they are a bigger risk as the favorite is usually favored for a reason.
Depositing Real Money Into A Political Betting Account
Making deposits into political betting sites is easy for all US residents over the age of 18 looking to bet on Senate Races in 2024. Bovada and SportsBetting both accept credit card and crypto deposits. Whether you want to use your Visa card or Bitcoin from your Coinbase wallet, an account can be funded within a few minutes. Keep in mind that Bitcoin and their other crypto deposits do have the advantage for betting on Senate Race odds, as there are no fees attached to transactions.
Pro Tip: While Americans can claim deposit match bonuses with all deposit options offered by Bovada or SportsBetting, both offer the biggest bonuses to players using crypto.
Read more about making deposits in our Bovada review for political betting.
