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House of Representatives Odds: Red Wave Coming In Midterms?

Kevin McCarthy's Republican Party is favored in the House of Representatives odds.

We are just over a year since the eventful 2020 U.S. election and quickly approaching the first anniversary of Joe Biden’s inauguration as the 46th POTUS, which only means that the midterm elections are also on the horizon in 2022 and the balance of power will be up for grabs. As it stands now, the Republican party is favored in House of Representatives odds.

Online sportsbook Bovada has 2022 House of Representatives odds with the Republican party listed as the sizable -450 favorite and the Democratic party set as a +300 underdog. This means to profit $100 with a winning bet on the GOP, you need to wager $450, while a winning $100 bet on the Democratic party would profit you $300.

Odds To Win the 2022 House of Representatives
Republicans -450

Odds as of November 30 at Bovada

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For a different perspective, our sports betting calculator tells us that the -450 odds for the Republicans translate to an implied win probability of 81.82 percent. Conversely, the Democrats’ odds of +300 have an implied win probability of 25.00 percent.

Never placed a bet on politics and don’t know where to start? See our How to Bet Politics page. Additionally, our sportsbook review page can assist you in choosing where to bet on politics.

Why Is The GOP Favored In The 2022 House of Representatives Odds?

Not only are the Republicans favored to win the House in the 2022 midterms but they are also favored in the Senate odds and Donald Trump is the favorite in the 2024 U.S. presidential odds.

Right now, the House has a Democratic majority with 221 of the 435 seats currently being blue while 213 are red. There is one vacant seat and of course Nancy Pelosi (D) is the Speaker of the House. The 2022 midterm election is set for November 8 and as things are going, we could be seeing a red wave with the GOP favored in odds to win the House, the Senate and potentially the presidential election in 2024.

2020 U.S. Redistricting Favored The GOP

Following the census in 2020, there was a redistricting for seats and it certainly hurt the Democrats as notable blue states California and New York lost seats while notable red states Colorado, Florida and North Carolina each gained a seat and Texas gained two.

What is also working in favor of the Republican party is a growing angst over the direction the country is heading under the Biden administration as COVID-19 continues to spread, causing issues with jobs and the stock market. Additionally, notable campaign promises about climate change, minimum wage and other popular, progressive ideas haven’t come to fruition, which surely will swing voters in the opposite direction.

That was evident recently in the Virginia gubernatorial election. The Democratic party won the state by 10 points in the 2020 U.S. election but it went red this time. That set off alarms for the Democrats that they could be in trouble come the midterm elections and the House of Representatives odds suggest they are.