See who's favored to win House, Senate midterms based on betting odds

If you are someone who studies betting odds, the latest 2026 midterm wagers should prove quite interesting. With just over two weeks until Election Day, bets for the 2026 midterms have inched toward Republicans. That doesn't mean the GOP is favored to win the Senate or House; quite the contrary, as

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What is the story about?

If you are someone who studies betting odds, the latest 2026 midterm wagers should prove quite interesting.

With just over two weeks until Election Day, bets for the 2026 midterms have inched toward Republicans. That doesn't mean the GOP is favored to win the Senate or House; quite the contrary, as odds lean heavily toward the Democrats to take the House (some Great Britain bookmakers have it at 16 to 1, about a 94% chance to take the House) and about a 66% chance to take the Senate.

To further explain, unlike public opinion polls, betting markets do not directly measure voters' preferences. Their odds can move based on betting activity, including where bettors are putting their money. Betting odds, for example, can shift toward Republicans even

as polls largely favor Democrats heading into November.

Bottom line, the bets are going with big payoffs and that money lies with the Republicans with longer odds.

Lee Phelps, a spokesperson for U.K. bookmaker William Hill, told USA TODAY that there is some "speculative support" for Republicans to win both chambers, with large bets at long odds. Phelps said that Republicans holding their trifecta is "comfortably our biggest losing result."

That betting action, which U.S. bookmakers cannot legally offer, is reflected in the odds of a Democratic sweep, which have lengthened slightly since USA TODAY last looked at the midterm odds posted by U.K. and offshore bookmakers.

Despite bets put down on Republicans, Phelps said the betting house's analysis "still strongly favors the Democrats."

"Democrats are the overwhelming favorites for the House at 1/16 and comfortable favorites for the Senate at 1/2, with the market largely holding firm after the big move in their favor," Phelps said.

Here's where the betting odds stand for the 2026 midterms.