November 8, 2022, is the date all registered voters from around the United States will decide which candidates will be elected to public office at the congressional, state, and local levels during the 2022 midterm elections. There is a possibility for numerous amendments to be up for vote on individual state ballots, including multiple gambling ballot measures. Early voting will be well underway both at physical locations and by mail across the US.
Democrats captured control of the House in 2020 and will look to solidify that majority in the 2022 midterms. Republicans will seek to retake the US Senate in 2022 as their election odds for the House of Representatives are very poor at the moment.
If there was anything to learn from 2020, it was to expect the unexpected, which may explain the surge of interest in political wagering. Sportsbooks were offering odds on a whopping 40+ betting lines for that year’s general election, covering everything from majority outcomes in the U.S. House of Representatives and U.S. Senate along with individual races in both chambers as well as many key races for Governor in several states. Expect more of the same in the 2022 midterms.
The Democrats did not receive the huge blue wave they expected in 2018, but the party was successful in taking the House back from Republican control. This significant change meant the Democrats would have a seat at the table where the current POTUS would not be able to pass laws without the Democratic vote.
However, this election had several implications across the US, and several key races which we list were being watched closely.
Kentucky 6th Congressional District – Incumbent Andy Barr (R) won against challenger Amy McGrath (D)
Georgia Governorship – Brain Kemp (R) won against challenger Stacey Abrams (D)
Texas Senate – Incumbent Ted Cruz (R) won against challenger Beto O’Rouke (D)
North Dakota Senate – Kevin Cramer (R) won against incumbent Keidi Heitkamp (D)
Missouri Senate – John Hawley (R) won against incumbent Claire McCaskill (D)
Indiana Senate – Mike Braun (R) won against incumbent Joe Donnelly (D)
It is always interesting to compare the polls to the odds on political betting lines. With the possibility of the 2022 midterm elections being very volatile, we believe it is key to keep track of betting odds. Any time you want to check the odds in real-time, you can view Bovada’s political betting lines.
The congressional majority odds often reflect the current polling data from RCP, The Democrats were able to retain the House and oust enough Republicans in the Senate to gain a majority in 2020. The odds on which party will dominate the Senate and House in 2022 have yet to be announced at most offshore sportsbooks, but as the general election nears, lines will be updated and posted here.
U.S. Senate 2022 – Florida
U.S. Senate 2022 – Georgia
U.S. Senate 2022 – Nevada
U.S. Senate 2022 – New Hampshire
U.S. Senate 2022 – North Carolina
U.S. Senate 2022 – Ohio
U.S. Senate 2022 – Wisconsin
U.S. Senate Elections 2022 – Arizona
U.S. Senate Elections 2022 – Pennsylvania
2022 US Senate Elections
The odds for each race for governor in most elections are nearly identical to that of RCP and local polling data, but most of the races in 2020 were decided under a double-digit difference. Right now, it is too early to provide odds for the 2021-2022 Gubernatorial races, but with 41 states and 4 US territories holding governor races during that 2 year span, this information will be updated soon.
Much like the gubernatorial races, the polling on U.S. Senate races is very similar to the odds at the most premium sportsbooks. Where the two races differ is when looking at the polling, since some Senate races have a huge point advantage in the polls while others have a candidate’s lead at less than a point, giving good value to both candidates as a result.
In the 2022 Election, 34 Senate seats will be up for grabs, and we will post odds when they arrive here.
The 2022 House race will be a wild one as all 435 U.S. House seats will be up for grabs during the 2022 general election. Odds will be updated as we near November 2022.