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And while we won’t need to worry about a presidential election for another three years or so, the pres’s popularity is a factor that will influence the outcome of the midterm elections. The 2022 Midterm Election is less than a year away - and the election cycle itself isn’t far away. In 2021, the Democrats won the gubernatorial race, reelecting Phil Murphy as governor. New Jersey hasn’t reelected a Democratic governor since 1977. While the big news in the 2021 election was the outcome of the Virginia gubernatorial race, buried in all this is the news that Dems scored a big win in New Jersey. The bottom line? Republicans aren’t 69% guaranteed to win back the Senate in 2022, so bettors may be overreacting just a bit. Still, Democratic turnout might increase in 2022 when the stakes are higher and the election draws more media coverage. If the results in 2021 are an indicator of 2022, the GOP just might gain control. The GOP only needs to keep its current Senate seats and gain one seat to regain control. While many analysts agree that the GOP is a strong favorite tow in the midterm election, there’s still plenty of time between now and November 2022 for Democrats to turn the ship around. Odds for the GOP to claim control of the Senate were as high as $0.70 in the past week. Though, off-year elections are notorious for having low voter turnout, states where Republicans dominated saw quite high voter turnouts this year. Republicans won the Virginia gubernatorial race, bringing light to the growing popularity of the GOP within the state. If 2021 is an indicator of how well Democrats will fare in the 2022 race, the odds aren’t in their favor.
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While it’s not likely that Democrats will gain that much more control in the Senate in 2022, the party is hoping to maintain the seats it has secured - and possibly add at least two more to prevent stalwarts by its own party. In 2020, the Democrats narrowly gained slim control over the Senate (the House had already been secured in 2018). But will Biden’s approval increase by the midterms? And will more Democrats head to the polls next year? There were some clear GOP wins in 2021, and Biden’s support of democratic candidates may have actually helped Republicans in those states. While off-season elections aren’t a clear indicator of the outcome of midterm and presidential elections, they may provide some insight into who is expected to reign victorious in the upcoming elections. The cost of shares for the Democrats remaining in control was $0.32. On November 17, 2021, the cost of shares for the GOP taking control of the Senate in 2022 rose to $0.70. This upcoming year will see several gubernatorial elections as well as Congressional elections - OddsSeeker will be covering all of the election betting predictions markets! Of course, Senate seats aren’t the only ones on the line in 2022. We’re all waiting with bated breath to see - possibly most importantly - who will be in control of the Senate? While the 2022 midterm election is shy of a year away, the election cycle is just beginning.