The end of a turbulent election season is nearing an end—with Georgia voters heading to the polls to decide the balance of power in Congress in twin Senate runoff elections Tuesday.
Democrats secured a narrow House majority as well as the White House during November’s general election. But they must win both of Georgia’s Senate elections to gain an effective majority in the Senate. If they do, the Senate would be split 50-50 between Democrats and aligned independents and Republicans, with Vice President-elect Kamala Harris serving as the tie-breaking vote for Democrats.
Both of Georgia’s Senate seats are on the ballot Tuesday as no candidate secured more than 50 percent of the vote in November.
Sen. David Perdue is being challenged by Jon Ossoff, while Sen. Kelly Loeffler—who was appointed to the Senate by Georgia Gov. Brian Kemp less than a year ago—is up against Raphael Warnock.
Both Democrat candidates are favored to unseat the incumbent Republicans in their individual races, according to bookmakers.
However, betting odds on Election Day show bookmakers believe the Republican Party is slightly likelier to retain control of the Senate—an outcome that requires either Perdue or Loeffler to win.
Oddschecker, a website that aggregates betting data from dozens of bookmakers, has Warnock as the odds-on favorite to defeat Loeffler.
Warnock is priced at 6/11, with an implied probability of 64.52 percent, while Loeffler is at 7/5, which has a much lower implied probability of…
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