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Midterm Election Betting: Political Odds Suggest High Voter Turnout

US Senate Election Odds For 2022

In 19 days, voters in the United States will venture to their local ballot boxes and weigh on the future of the country. This midterm election cycle represents a crossroads for the nation, but unfortunately, that seems to be the case every two years as of late.

Political betting sites have posted election odds for most key races and have also created props that indicate a near certainty that voter turnout will be higher than in 2018.

Midterm Election Odds For Voter Turnout

  • To Exceed 2018 Midterms Turnout -800
  • To Exceed 2020 Presidential Election Turnout +460
  • Posted at Bovada.LV

Due to the unrest following the 2020 Presidential election, interest in the realm of politics has been at an all-time high and is likely the reason for the gargantuan turnout expectations.

Large crowds at the ballot box typically result in favorable outcomes for the Democratic Party, but current political prop bets are suggesting that the GOP will gain control of both congressional bodies in 2022.

Who Will Control The House?

Today, the DNC holds an 8-seat majority in the House, with 3 seats left vacant due to death or resignation.  All US House members are up for re-election every 2 years, so every Congressperson from the Speaker of the United States House, Nancy Pelosi, all the way down to the greenest rookie, must defend their turf this cycle.

The Republicans are favored to capture a majority in the US House, and the betting odds imply that it will not be a close race.

Who Will Control The House In 2022?

The political oddsmakers at Bovada feel even more certain about a GOP majority in the US House of Representatives, granting a -1000 moneyline on the prospect.

Which Party Will Win The House In The 2022 Midterm Election?

  • Republican -1000
  • Democratic +550
  • *Bovada

The above two midterm prop bets grant gamblers the opportunity to shop the odds for the best payout. For instance, bettors that believe the DNC will hold serve in the House should place their wagers at Bovada.

The reason? $1 bets on the Democrats at Bovada will deliver payouts of $1.50 more than BetOnline will if the DNC wins.

Those that want to bet on the GOP to retake the US House should do so at BetOnline because a $7 wager will net a $1 payout, whereas Bovada requires a $10 bet for the same outcome.

What Party Will Control The US Senate?

Right now, the Democratic Party holds a narrow edge in the US Senate thanks to the tie-breaking vote of Senate President Kamala Harris. GOP lawmakers are favored to earn a majority in 2022, but that outcome is only 60 points ahead of the alternative in the following US Senate prop bet.

2022 US Senate Elections

  • Republicans -150
  • Democrats +110
  • *BetOnline.AG

US Senate terms are 6 years, and unlike the House, all seats are not up for election at the same time. That creates a scenario where it can be difficult for one party to quickly gain an advantage over the other, as many US Senate districts feature overwhelming majorities and certain victors.

There are also several betting lines for individual races that will be decided on November 8th at the political sportsbooks that we recommend to our readers here at SBL. Be sure to investigate each of the election betting sites included in our online sportsbook reviews to locate the best and most legitimate vendors.

Sources – Bloomberg Government – US House of Representatives Press Gallery

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