2020 US Presidential Election Odds: Bookmakers Slash Kanye West's Election Odds
2020 US Election Odds
Kanye West returned to the global headlines on Saturday night when he announced that he was running for president in 2020. West made his shock announcement via twitter, he tweeted:
The forty-year-old's credentials were boosted straight away when tech giant, Elon Must replied: "You have my full support!".
It's not the first time Kanye West has flirted with running for the White House, however, many expected him to target the 2024 US Election. It may seem ludicrous to many that West has a realistic chance of winning the election, especially when he entered so late in the day. However, bookmakers and online bettors seem to think he's got a small chance of causing an upset.
Since making the announcement via social media, online bookmakers have cut Kanye West's odds of winning the 2020 US Election from 500/1 to 50/1. This essentially means his implied probability of winning the election has increased from 0.2% to 2%. For people unsure about the world of online betting, if you were to place a $20 wager on Kanye West becoming the President in 2020 at 50/1, your potential winnings would be $1020.
It's not just the bookmakers who think Kanye West has a slight chance of pulling off an upset, the betting public has been quick to support the music mogul. Since his tweet, Kanye West has accounted for a massive 61% of all bets in the market.
2020 US Election Odds
|Candidate||Odds (UK Format)||Odds (US Format)||Implied Percentage Chance||Return on $10 Bet...|
(Data correct as of 07/05/2020)
2020 US Election Betting
|Candidate||% Of Bets Since Kanye West's Tweet|
Can US residents bet on the 2020 US Election?
No legal operator will take bets on the 2020 US Election in the US currently. This is not expected to change before the 2020 US Election. However, online betting is legal on sports, and is opening up on a state-by-state basis.
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