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The United States is the oldest democracy on earth. In fact, the US is the only country in the world that has had an active democracy for at least 200 years. Having the ability to choose your leaders is a core tenet of democracy, which is why the US has some sort of election every single year.

Nowadays, the best online betting sites in the industry take bets on the US presidential election. Most experts believe the 2020 presidential election will set all sorts of new records for political betting all over the world. The following US presidential election betting sites have you covered when it comes to wagering on the 2020 US election.

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George Washington won a second term in 1792 after being elected as the country’s first president in 1789. A presidential election has taken place every four years, without exception, since Washington’s second victory in 1792.

Betting on politics certainly hasn’t been around for quite as long, but betting interest has exploded over the past handful of years. You can attribute the advent of the internet and the US Supreme Court’s 2018 decision to strike down the federal ban on sports betting to the surge in gambling interest among Americans.

However, US politics betting has grown in popularity since Donald Trump’s unforeseen triumph in the 2016 presidential election over the heavily-favored Hillary Clinton. Political betting markets have existed in the United Kingdom for years, but offshore providers are now giving Americans the chance to get in on the action, too.

US Presidential Election Basics

When Is the United States Presidential Election?

The American presidential election takes place on the first Tuesday in November every four years. The aforementioned 2016 election, in which Trump toppled Clinton, went down on November 6th of that year. The 2020 edition is scheduled for Tuesday, November 3rd.

Events Leading up to the Election

Before the election actually takes place, the political parties have to select their respective candidates. The United States doesn’t explicitly run with a two-party system, but the vast majority of governmental power is currently shared between two parties. Those would be the Republican and Democratic parties.

The vast majority of presidents in the modern era have run for a second term in office. Barring an unforeseen event like an untimely death or a resignation, the sitting president will almost always run for a second term. If a president wishes to run for another term, their political party will almost always unite around them. Each of the last three presidents before Trump—Bill Clinton, George W. Bush, and Barack Obama—were successfully re-elected after their first terms.

The nomination process involves states holding primaries or caucuses in order to determine which candidates will be awarded a certain number of delegates. On the Democratic side, candidates vying for the 2020 nomination had to reach a threshold of at least 1,991 delegates in order to clinch the nomination. Former vice president Joe Biden officially hit that benchmark in June. These nominations processes provide excellent betting opportunities for those looking to bet real money on politics.

Each party will hold its convention in the summer leading up to Election Day. That is the event at which party delegates officially congregate to formally nominate their presidential and vice-presidential nominees. The conventions are essentially huge rallies designed to drum up support for the candidates ahead of the election in the fall.

Electoral College

While some have said that a simple popular vote should determine the outcome of an election, that isn’t the case when it comes to who wins the presidency. While congressional, gubernatorial, and mayoral elections are determined by popular vote, the presidency uses the Electoral College system, which has been in place since the late 1700s.

Each state has a distinct number of electoral votes, based on the size of that state’s population. For example, California, the nation’s most populous state, will have 55 electoral votes in the 2020 election. The least populous states, including Alaska, Montana, both Dakotas, and Vermont, have just three electoral votes. Washington DC has three as well.

Each state will count its popular vote totals on Election Day. In 48 states, the candidate that receives the majority of the votes will receive all of the state’s electoral votes. Maine and Nebraska are the only exceptions.

There are a total of 538 Electoral College votes, which means one candidate has to accrue at least 270 to clinch the presidential election. In 2016, Trump won 306 electoral votes compared to 227 for Clinton. This is despite the fact that Clinton garnered 65.8 million votes nationwide, while Trump received 62.9 million. Trump managed to eke out a majority in a number of important swing states, including Florida, Ohio, North Carolina, Pennsylvania, and Wisconsin, which ultimately paved his path to victory via the Electoral College.

In all, five candidates have won the popular vote and lost the election. Clinton joined Andrew Jackson (1824), Samuel Tilden (1876), Grover Cleveland (1888), and Al Gore (2000) on that list four years ago.

What Is the Democratic Party?

The modern Democratic Party was founded in the late 1820s, which makes it the world’s oldest active political party. The party initially supported things like limited government and slavery, but it has since embraced a much more progressive, liberal platform. The party essentially changed when Franklin D. Roosevelt formed the New Deal coalition in the late 1930 to early 1940s.

The modern Democratic Party advocates for social and economic equality for United States of America citizens. Support for environmental protection, universal healthcare, more affordable college tuition, LGBT rights, stricter gun law enforcement, and the legalization of marijuana have become mainstream tenets of the Democratic party’s ideology in recent years.

As of the summer of 2020, the Democratic Party holds a majority in the US House of Representatives, though the Republican Party holds the White House and the US Senate. Democrats have won seven of the last 15 presidential elections dating back to John F. Kennedy’s victory in 1960. The most recent Democratic president was Barack Obama, who served from 2008 until 2016.

What Is the Republican Party?

The Republican Party, sometimes referred to as the Grand Old Party (GOP), was founded in 1854. The first iteration of the Republican Party staunchly opposed slavery and operated on a classically liberal platform. Needless to say, the two parties have changed their ideologies considerably over the years.

The Republican Party’s shift to the right started around 1913, and the core base moved to the southern parts of the US, following the Civil Rights Act of 1964 and the Voting Rights Act of 1965. The party currently embraces conservatism and advocates for lower taxes, expanded gun rights, restrictions on abortion and immigration, and increased military spending.

There have been 19 Republican presidents in all, including Donald Trump. That is the most presidents to ever come from a single United States political party. As mentioned, Republicans currently control the executive branch as well as the US Senate. Republicans also account for a majority of state governorships, as well as five of the nine sitting justices of the United States Supreme Court.

Types of US Presidential Election Bets

Futures Bets

The most common type of political bet is a futures bet on the eventual outcome. Trump’s win over Clinton in 2016 showed that there is still a potential edge to be found in the US presidential election betting odds, which is a big reason why popularity in political betting has surged in the years since. On Election Day of 2016, some UK oddsmakers had Trump as a +400 underdog to win the presidency.

Presidential betting odds are constantly shifting. The political news cycle has never been more unpredictable than it is today, and certain events can cause the odds to change considerably in a short period of time.

Some sites that offer US presidential election odds had Trump as high as around a -180 favorite to win re-election as recently as March.

Now, the betting sites with odds on the US presidential election updated their odds quite a bit. Biden, the presumptive Democratic nominee, has since emerged as a minus-money favorite at betting sites all over the UK. Those that placed a futures bet at Trump when he was at -180 will likely be jumping all over each other to place bets on the new +110 odds.

While the election will almost surely come down to Trump or Biden, US political betting sites don’t want to take any chances. Anything can happen in politics, so some candidates that have already ended their campaigns may still be listed with betting odds, just in case something unforeseen arises between now and November. Here is an example of how presidential election futures odds look at US election betting sites.

Moneyline US Presidential Election Bets

Political bets are essentially moneyline bets. If you’re familiar with sports betting, you’re familiar with the moneyline. A moneyline bet is essentially a wager on one outcome vs. another. An example of how a political moneyline wager at United States presidential election betting sites will look is as follows.

United States Election Prop Bets

When most Americans think of prop bets, they probably think of the Super Bowl. A prop bet is a wager placed on a random occurrence during a game or an event that isn’t necessarily directly tied to the outcome. Most football betting sites offer odds on a variety of things that have nothing to do with the actual football game for the Super Bowl every year.

Prop bets have since made their way into the world of political betting. The increased popularity of US presidential election prop betting is yet another thing we can attribute to Trump’s shocking win in 2016. The 45th president has had quite the eventful first term. US election betting sites have been happy to keep tabs on the latest happenings and offer bettors the chance to cash in on his antics.

Trump likes to voice his various opinions on Twitter, regardless of how controversial they may be. While a normal person may get booted from the platform for saying some of the things POTUS has said over the years, Twitter has resisted the urge to kick the sitting president out. Some sites have even put odds on Trump’s chances of getting banned from his favorite social media platform.

Other Trump-specific props include whether he’ll be removed from office before the end of his first term, whether he will appoint a new vice president before the 2020 election, or whether he will tweet about NFL players kneeling during the pregame national anthem.

Mistakes to Avoid When Betting on the US Presidential Election

Eliminate Personal Bias Before Political Betting

Fandom is something that can limit a sports bettor’s chances of turning a profit. The same can be said for political betting. Almost everyone has their own political opinions, and many choose to let other people know about them. While that’s all fine and dandy, you’re not likely to become a successful political bettor if you’re going to let your personal feelings stand in the way of making the right bet.

You shouldn’t bail on your personal political beliefs just to bet, of course. Just know that whatever cause you support isn’t necessarily going to be the right bet to place. Betting on your favorite sports team to win every game likely won’t pan out the way you’d like it to.

Don’t Overlook Population Trends

Each of the three most recent presidents winning a second term doesn’t mean that Trump will do the same in 2020. While that’s a trend that doesn’t mean much, this isn’t to say that some trends can’t help you make educated guesses with regard to your presidential election bets. The way state populations are shifting can give you a glimpse into how things may play out in the future.

Big cities with large populations tend to vote Democrat these days, while voters in more rural areas tend to lean Republican. Republicans also tend to attract a majority of white voters, while non-white voters have inched toward the Democratic side.

With the way populations are changing, some believe states like Georgia and Texas that have long track records of voting Republican in presidential elections may swing toward the Democrats. Keeping an eye on trends like these can help you evaluate political betting odds.

US Presidential Election Betting FAQ

Is It Legal to Bet on US Politics Online?

While more and more states are always voting to legalize online betting, it is still illegal for American betting operators to take bets on US politics. However, there is no restriction in place that applies to betting sites that operate overseas or offshore. American political betting has been a big industry in the UK for years, and offshore operators have expanded their political coverage considerably, as well.

While Americans can’t place political bets at land-based sportsbooks in the US, it is not difficult for them to find where to bet on the US presidential election online.

Is It Safe to Bet on the USA Presidential Election Online?

Some US politics betting sites are safer than others. There are some seedy operators out there that don’t have your best interests in mind. Considering you’re risking your own money to bet on the US presidential election online, it’s of the utmost importance that you have the confidence that you’re doing so at a safe site.

All of the political betting sites we recommend check all necessary boxes when it comes to safety and security. Read our rankings of the safest sites on the web for more info about how you can bet online safely.

When Can I Bet on the Presidential Election?

While the presidential election takes place every four years, you don’t have to wait four years between placing bets. As mentioned, the best US political betting sites in the industry are always keeping tabs on the latest developments in the world of politics and updating their betting odds accordingly. While you may have to wait a while for your futures bets to pay out, you can pass the time by taking a shot on certain politics-related prop bets.

Is online horse betting legal in the US?

Before the Unlawful Internet Gambling Enforcement Act of 2006, many forms of online gambling were promoted. While this act stopped the operators of poker sites, casinos and sportsbooks from accepting wagers from the US, horse racing betting sites got a carve-out.

Betting online is allowed via pari-mutuel pools in any state, which provides horse race betting within its borders. There are 30 states that allow betting online.

More recently, individual states have been regulating sports betting within their borders. Horse racing has not been part of this legislation since the federal law already allows it. When it comes to on-track betting, simulcast wagering, and off-track betting offices, this is under the jurisdiction of the individual states.

In most states, you need to be 21 or older to place a bet.

How to bet on horse races online

Betting on horse races is different than betting on sports. Instead of the betting sites offering lines, bets are pooled into a system called pari-mutuel betting. As you’ll read below, there are many ways to bet.

The total wagers on different bets (win, place, show, trifecta, and so on) are collected, and then the pool is divided between the winning tickets.

Any last-minute rush to bet on a horse will divide the prize pool between more tickets. Pari-mutuel betting sets the price of each bet, not the betting sites.

There are three main types of bets. You can bet on an individual horse, on several horses in the same race (and the order they will finish) or on the outcome of multiple races.

Here is an explanation of how each bet works.

Single horse bets:

• Win: This is the most straightforward horse racing bet. You are wagering that your selection will win the race.
• Place: Your horse needs to come in first or second for this wager to be successful.
• Show: Adding an extra spot, you’ll receive winnings if your selection finishes first, second, or third.

Multiple horse bets:

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• Exacta: This bet involves picking two horses. To win, both horses need to finish first and second in the correct order. You can “box” all multi-horse bets, essentially betting twice to cover both finishing orders.
• Trifecta: Pick three horses to finish in the correct order, and you’ll potentially have a big payout. Again, it is possible to box these bets, covering the six possible finishing combinations of three horses.
• Superfecta: This wager involves picking four horses to finish in the correct order. While it is hard to win this bet, the potential payout can be huge.

Multiple race bets:

• Pick 5/6: These bets involve picking the winner of several races at a specific track each day. It is harder to win than many bettors imagine, with one outsider winning a race upsetting a lot of people’s wagers. If a pick bet loses, the prize pool will roll over to the next day. If a pick’s prize pool rolls over more than once, it can create a considerable jackpot, which incentivizes many people to join the betting.
• Futures: You can combine futures bets for the most significant race meetings. A popular example would be to pick a horse to win the Triple Crown.

How horse race betting sites work

You can access horse betting sites on your mobile phone, tablet, or via a desktop computer. While there are differences between the brands, they work in much the same way.

Apps are available, too, though they are not required. The websites will adjust automatically to fit your screen size, putting the navigation icons and links behind menu buttons to save space.

Registering for a horse race betting site requires only a minimum amount of individual information.

Firstly, the sites will detect your location to ensure you are within a legal jurisdiction. You will also need to provide the last four digits of your Social Security number to prove you are old enough to bet (21+).

Here are the main sections you’ll find at horse racing betting sites:

• Today’s Races: The default view will show the latest races. You can scroll through this list or use the menu on the left to narrow your search by type of race or track. If you are looking for an individual horse or venue, then the search button is the fastest way. You’ll find basic information on the runners, along with the latest win, place, and show prices. Clicking on these betting lines will move a selection to your bet slip.
• Bet Slip: After selecting runners from the day’s races, you can organize your wagers using your bet slip. Some sites have a “quick bet builder” to simplify this process. You can remove selections, bet on single horses, or organize your choices into exacta or trifecta bets.
• Video Streaming: Once you have placed a bet, you’ll be able to enjoy the action via video stream. TVG is part of the Television Games Network, which offers additional media content.
• Results Databases: There are two levels of research possible at the horse racing betting sites. Primary data on each horse is freely available to help you make the best selection. You will also find the pro-level past performance data, which is free (site dependent) as long as you place a wager at the meeting.
• Account Information: This is where you will find your account info, balance, and progress toward clearing any bonuses or collecting loyalty rewards.
• Cashier: The cashier section will include your balance and an area to deposit and withdraw your winnings. We cover how to deposit at a horse racing betting below.
• Bonuses and Promotions: It is worthwhile to keep an eye on the promotions pages of all the major sites. You never know when a deal will appear, covering the type of bets you were about to place. We explain the types of incentives in more detail below.

How to deposit at a horse race betting site

Depositing any of the major betting sites is both straightforward and safe. While you won’t find the long list of payment methods available at the state-regulated sportsbooks, it is easy to get your money on board.

The primary method is your bank card, which can be your Visa or Mastercard debit or credit card. You can also use prepaid debit cards, including Visa gift cards.

Bank transfers are available under various names, including ExpressFunding or Expressfund.

Many sites will accept wire transfers, as well as old-fashioned paper checks. For cash deposits, you can use PayNearMe at your local 7-Eleven stores.

Finally, PayPal is available for both deposits and withdrawals. While many bettors welcome this service charge fees, the added security for online purchases.

Bonuses, promotions at horse race betting sites

You can take advantage of bonuses at the major horse racing betting sites. These range from small, completely free bets to matched welcome deals. You should also consider ongoing promotions and incentives; these can make a big difference to your bankroll over the long term than the initial welcome offers.

Here are the forms of bonuses that the significant sites have in common:

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• Matched Deposit Bonus: As an incentive to new bettors to deposit, the horse race betting apps will match your first deposit with free bets. With $100 in free bets up for grabs, the standard match is at 100%. You will need to wager your winnings, and typically complete the required betting within 30 days.
• Risk-Free First Bet: Removing the risk from your first wager is used in place of the matched deposit method at TVG. Here, your stake gets refunded (as a new bet) if your initial wager loses.
• Promotions: Look out for promotions where your stake gets returned for second-place finishes, enhanced odds, and other one-off deals for specific races. Promos are often themed around the most significant events, for example, the Kentucky Derby or Breeders’ Cup. Some sites have regular promotions, while others change their lists all the time.
• Free Past Performances: You can get pro-level datasheets, and expert selections at TwinSpires via its free past performances offer.
• PicksContests: Here, you’ll compete against others at your site to pick the winners of multiple races.
• LoyaltyRewards: Collect points based on the bets you place, and then exchange them for extra bonuses or free bets.

Most popular horse races in the US

There are hundreds of races every day, especially during the summer. The main distinction is between thoroughbred and quarter horse (flat) racing and standardbred (harness) races. Furthermore, these races can take place on dirt, turf, of artificial surfaces. There are other formats, including endurance races.

The best horses compete in graded races. There are different levels of these with stakes races at the top. Some of these have multimillion prize pools, which attract the top equine talent from around the world.

You can also bet on international races at US horse race betting sites. Some of these, like the Epsom Derby, the Saudi Cup and Prix de l’Arc de Triomphe, are huge events.

On a day-to-day basis, you’ll have access to races from the UK, South Africa, Australia, and beyond.

Most prominent horse race events

With hundreds of tracks and various types of racing, there is a lot of action when it comes to the domestic horse racing calendar. The highlights of the year will vary, with each state having its big meetings. When it comes to the biggest races of all, the three components of the Triple Crown and the Breeders’ Cup are as big as it gets.

Here are the details:

• Kentucky Derby: The first leg of the Triple Crown takes place on the first Saturday in May at the famous Churchill Downs racetrack. This race is known as “the Run for the Roses.” It is open to 3-year-olds and run over 1¼ miles.
• Preakness Stakes: The second leg of the Triple Crown occurs two weeks after the Kentucky Derby and is held at the Pimlico Race Course in Maryland. Attendance is traditionally huge, only beaten by the Kentucky Derby.
• Belmont Stakes: Three weeks later, the final leg of the Triple Crown takes place at Belmont Park, NY. If a horse has won the first two legs, expect colossal media coverage of this race. The Belmont Stakes is nicknamed “the Test of the Champion.”
• Breeders’ Cup: This series of thoroughbred races with huge prize pools that move from track to track. It attracts the best horses from around the world each year. The biggest purse (at $6 million) is for the Breeders’ Cup Classic race.

Most popular racing events outside of the United States

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In addition to the domestic calendar, there are major races from around the world available for betting. Here are some of the richest:

• Epsom Derby: This was the original derby that inspired the Kentucky event. It takes place on the first Saturday in June each year over one mile and four furlongs at the Epsom Downs Racecourse near London. This race was first run in 1780.
• Prix de l’Arc de Triomphe: France’s most prominent race takes place at Longchamp, near Paris, on the first Sunday in October each year. It is considered Europe’s second most prestigious horse race.
• Dubai World Cup: This race meeting is more recent, starting in 1996 in the United Arab Emirates. It is broadcast live on TVG and features the biggest prize pools of any race meeting around the world. It attracts the best global thoroughbred talent.
• Japan Cup: On the last Sunday in November, the biggest prize horse race in Japan is run at the Tokyo Racecourse, which is more than 2,400 meters. With a significant purse, this race attracts the best talent from Europe, as well as the US.

Thanks to a carve-out in the federal laws concerning online gambling, horse race betting is available in the majority of states.

As long as you can legally bet on a race in person in your state, you are also allowed to place a bet online. These bets join with the pari-mutuel pools operated at the tracks, which gives everyone a fair payout based on the weight of wagers for each contender.

Three horse race betting sites dominate the scene: These are TVG, BetAmerica, and TwinSpires. And though FanDuel Group owns TVG, it started its own offshoot called FanDuel Racing.

Online Betting Websites In The United States

Additionally, as an online sportsbook operator for horse racing bets, Xpressbet features more than 300 tracks so bettors can view odds and wager many different horse races. Derby Jackpot, powered by Xpressbet, is for a much less serious horse bettor and operates more like a social casino where players can win real money.

There are quite a few options to explore and each site gives you access to hundreds of racetracks around the globe. However, bonuses and incentives vary between these sites. You can enjoy deposit bonuses, risk-free bets, free past performance data, and plenty of promotions.

Whether you bet at the top-rated stakes meetings or regional, daily events, there is a wide range of betting options. You can bet on single horses to win, place or show, pick multiple horses in the right order or bet on several races in a row.

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You can bet right now from your desktop or iPhone, iPad and Android device. Check out what online horse race betting sites have to offer soon!