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Latest Odds for Georgia Runoffs, Control of Senate

Written by:
Gilbert Horowitz
Published on:
Dec/28/2020

With early voting for the Georgia Senate runoffs already underway, below are the two races' latest betting odds and implied probabilities with wagering available here at SportsBetting (est 1997)BETS ON WEDNESDAY'S ELECTORAL COLLEGE VOTE AVAILABLE


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The odds have been quite volatile since numbers were initially offered more than a month ago.

Below is the timeline of odds, which are courtesy of SportsBetting.ag.

January 4 Updated

Who will control the Senate in 2021?

Republican -160

Democratic +120

(Republican implied probability to control is 61.5%)

Senate control odds on Nov. 6 opened with Republican as a -300 favorite.

Georgia Senate Runoff Odds

Kelly Loeffler  +135

Raphael Warnock  -165

(Warnock implied probability to win is 62.3%)

The Loeffler vs. Warnock odds on Nov. 6 opened as a tossup. Loeffler climbed to as high as -300 on Nov. 30. Loeffler is currently at +135 underdog.

David Perdue  -115

Jon Ossoff  -115

(Perdue/Ossoff implied probability to win is 50.0%)

The Perdue vs. Ossoff odds on Nov. 6 opened with Perdue as a -200 favorite. Perdue moved to as high as -450 on Nov. 30. The race is currently considered a tossup by the oddsmakers.

Where The Odds Stood Previously

 

Georgia Senate runoff odds on November 6

 

Kelly Loeffler  -120

Raphael Warnock  -120

(Loeffler's implied probability to win was 50.0%) 

 

David Perdue  -300

Jon Ossoff  +200

(Perdue's implied probability to win was 75.0%)

 

 

Georgia Senate runoff odds on November 13

 

Kelly Loeffler  -200

Raphael Warnock  +150

(Loeffler's implied probability to win was 66.7%) 

 

David Perdue  -400

Jon Ossoff  +250

(Perdue's implied probability to win was 80.0%)

 

 

Georgia Senate runoff odds on November 30

 

Kelly Loeffler  -300

Raphael Warnock  +200

(Loeffler's implied probability to win was 75.0%)  

 

David Perdue  -450

Jon Ossoff  +275

(Perdue's implied probability to win was 81.8%)

 

 

Georgia Senate runoff odds on December 14

 

Kelly Loeffler  -140

Raphael Warnock  +100

(Loeffler's implied probability to win was 58.3%) 

 

David Perdue  -220

Jon Ossoff  +155

(Perdue's implied probability to win was 68.8%)

 

 

There are also betting odds on the winning margins for each race:

 

Loeffler/Warnock Senate Runoff winner's margin

Over 2 percent

Under 2 percent

 

Perdue/Ossoff Senate Runoff winner's margin

Over 7.5 percent

Under 7.5 percent

 

 

With both Republicans favored to walk away victorious based on the odds above, the chances of the GOP controlling the Senate are high in 2021.

 

Who will control the Senate in 2021?

Republican -300

Democratic +200

December 28

Georgia Senate Runoff

 

Kelly Loeffler

-155

Raphael Warnock

+125

 

Georgia Senate Runoff

 

David Perdue

-190

Jon Ossoff

+155

 

Loeffler/Warnock Senate Runoff winner's margin

 

Under 2 percent

-150

Over 2 percent

+110

 

Perdue/Ossoff Senate Runoff winner's margin

 

Under 2.5 percentage

-160

Over 2.5 percentage

+120

 

Who will control the Senate in 2021?

 

Republicans

-275

Democrats

+215

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