In Illinois, one would have to bet $200 to win $10 on Democratic candidate Joe Biden winning the state in this year’s Presidential race. This is a “lock” and you will win an easy $10. It’s just the idea of having to wager that $200 to receive a measly $10. You will get that $200 back as well provided Biden wins.
Illinois is actually considered “Likely Biden” as opposed to a “Solid Biden” (i.e. New York, California, Massachusetts).
New Jersey it’s just $160 to win $10.
Maine, statewide, is somewhat more enticing with a $60 bet paying out $10.
But Rhode Island is a difficult pill to swallow despite being classified as “Likely Biden”. You would have to wager $500 to win $10.
– Gilbert Horowitz, Gambling911.com