Election fever is officially upon us and the bug has caught a different group of followers this election: bettors.
Las Vegas and offshore sports books are reporting they are seeing more interest than ever before for a Presidential election, with at least one book, Sportsbook, saying they are seeing more than double the action this election compared to last.
The intriguing storylines and controversy stirred up on a weekly basis by Donald Trump has fueled interest since campaigning began, which is clear by the fact his odds to claim the presidency have plummeted from 150-1 over a year ago to less than 3-1 today.
“I will not be a happy person if he gets elected as the new President!” said a Sportsbook at Sportsbook.
“The worst result by far for us is – you guessed it – Trump,” said Dave Mason, point man for Sportsbook.
It’s the tight race that is ultimately keeping bettors coming back to lay more action as Super Tuesday approaches and we are seeing some big line swings lately.
Democrat odds-on favorite Hillary Clinton was available at underdog money to become the next president just a week ago. Following the Nevada Democratic caucus, however, most books swiftly moved her to -125 or higher (risk $125 to win $100). Clinton also jumped from -450 to win the Democratic nomination last week to -1000 now (a risk of $1,000 just to take home $100).
Another massive jump we saw was ahead of the Nevada Republican caucus. Trump opened at -300 at Sportsbook but spring-boarded all the way to -2500 yesterday. Trump cruised to another victory with 45.9 percent of the vote and 14 delegates to Rubio’s seven.
Following the Nevada caucus win, Trump moved from around -120 to -250 or higher to win the Republican nomination for president, which pretty much means you missed the boat in a 24-hour period if you had any thoughts of laying action on Trump.
With a more casual betting audience for this entertainment prop, we usually see folks heading more for the longshot payout. Bernie Sanders has been a popular play for Democrat supporters and books are biting their nails a little that it won’t be a Sanders-Trump showdown for president.
Sanders has been as high as 20-1 to become the next president and you can get him at 6-1 to find a way to upset Clinton for the Democrat nomination.
If you want to talk underdogs, another indicator that election fever is at a pitch – one reader emailed us to ask if we knew of anywhere he could place a bet for Paul Ryan to win the Republican nomination for president.
Umm, no. But it paints the picture of just how popular this thing is.
Even in Las Vegas where betting on elections isn’t permitted, well known oddsmaker Jimmy Vaccaro is handing out odds at his book at the South Point.
“I’ve been here nine elections so far or something like that,” Vaccaro told Yahoo! “No one ever asked about it.”
As for us, traffic is up. On the day of the Nevada Republican caucus, our presidential election odds page saw 5x more page views than any other article on Odds Shark.
So I guess you could say we’ve caught election fever too.