Latest Odds for Georgia Runoffs, Control of Senate

With early voting for the Georgia Senate runoffs starting today, below are the two races’ latest betting odds and implied probabilities.


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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.

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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