We're in the heat of election season in United States politics — no, not the President's seat, but just about every other major office position. The ballot includes all 435 House seats, 35 of the 100 Senate seats, and 36 out of 50 states will elect governors. By all means, do your duty and vote on these critical positions, but why not make money while you're at it? If you take our US midterms betting advice, we think you'll come up very profitable by the end of Tuesday, November 8.
With the US midterms to be decided on Tuesday 8th of November, we take a look at the odds to see how things might pan out. The odds were last updated on November 8th, 2022:
| Event |  |
|---|---|
| Democratic Party | - |
| Republican Party | - |
| Any Other Party | - |
| Donald Trump Sr. | - |
| Ron DeSantis | - |
| Joe Biden | - |
| Gavin Newsom | - |
| Kamala Harris | - |
| Mike Pence | - |
| Pete Buttigieg | - |
| Michelle Obama | - |
US Congressional Control Betting Pick
Before we cover individual political races, let's begin with a macro-view of Congress as a whole. Since the 2020 elections, the Democrats have held control of both the White House and Congress. The Senate is technically split 50-50 among Dems and Republicans, but Vice President Kamala Harris is the tie-breaker, which swings the advantage toward the Blue Party. In the House of Representatives, Dems outnumber Republicans 220-212 at the moment. But will that change? Welp, you can bet on US Congressional control right now at top-used betting sites for politics.
Let's begin our picks with this macro bet because we believe it'll set the stage for our other two betting choices. With this bet, you have four options at your disposal. Here's each of them and the betting lines for them:
| Outcome |  | |
|---|---|---|
| Republican House & Democratic Senate | +100 | +250 |
| Republican House & Rebublican Senate | +185 | +400 |
| Democratic House & Democratic Senate | +325 | +600 |
| Democratic House & Republican Senate | +1200 | +600 |
As you can see above, oddsmakers think the Democrat control will slip as the Republicans re-take the House of Representatives. We're going to have to disagree, though, because we predict that a red wave is on the horizon. Heck, you might as well call it a red tsunami because the GOP is primed for a successful election season.
Being as bipartisan as possible here, it's not an exaggeration to say times are tough for many Americans at the present moment. Inflation has been roaring at 40-year highs, interest rates have skyrocketed (making the price of assets like homes more expensive), the stock market is tanking, and we could go on and on. Whether fair or not, someone has to fall on the sword for these turbulent times. That someone, in our opinion, will be the Democratic party at-large since they control everything.
All of these issues will create momentum for a red tsunami that includes the Republicans re-taking control of Congress — both at the Senate and House levels. Take that +185 betting price because the Democrats have their back against the wall going into the midterms and they've run out of time to get out of this precarious position.
Pennsylvania Senate Betting Pick
Perhaps the most tightly-contested race in the entire Senate is in Pennsylvania, which pits Democratic Lt. Gov. John Fetterman against Republican nominee Mehmet Oz. The betting markets have the Pennsylvania Senate race as a near toss-up:
Fetterman is narrowly ahead in most major polls, but his lead has been slowly slipping to the Donald-Trump-backed Oz. But boy, what an absolute contrast of personalities in this race — which adds to the competitiveness. Oz is commonly known as Dr. Oz on his own television show and that of Oprah Winfrey which he long appeared on. Fetterman, on the other hand, had a life-threatening stroke a few months ago, which took him off the campaign trail, but probably helped get the sympathy vote.
What's helped Oz cut into Fetterman's lead is a massive advertising budget. Thanks to tens of millions of dollars from Senate GOP Leader Mitch McConnell’s PAC, Dr. Oz has launched an aggressive ad campaign centered on Fetterman's perceived soft stance on crime. By all accounts, those ads will be ramped up even more in the final two weeks of campaigning. Fetterman will fall victim to that and the overarching red tsunami, which gives Dr. Oz the marginal victory.
Oregon Governor Betting Pick
You know the Democrats are reeling on a macro-level when even the state of Oregon — historically one of the most liberal in the entire United States — is up for grabs. Seriously, no Republican has won the state governorship since 1982, but now the current Oregon governor's betting odds are pretty close:
Republican Party gubernatorial candidate Christine Drazan is showing quite the fight against Dem nominee Tina Kotek. Heck, there's even a third independent candidate, Betsy Johnson, that's been getting millions in campaign support from Nike founder Phil Knight, who admitted he's more conservative than Nike at large.
We mention this race to illustrate the Blue Party's country-wide struggles, however, they should still be able to hold Oregon — at least for 2022. It will take more than one election cycle to turn the tide against Democrats in one of its most popular states, but regardless, the tide is turning so 2024 is a year to be on the lookout for in terms of upsets in Oregon.
How To Bet On 2022 US Midterms
We can't possibly cover every 2022 US midterms bet — there are simply too many. However, each and every political race is available for betting at one of the bookies listed underneath. You can read our new sportsbook reviews to figure out which site is most up your alley. Reviews cover all the important details you need to know about such as betting bonuses offered, customer service, sportsbook menu quality, and more.
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