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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
