2024 US Presidential Election Odds
After one of the most divisive and controversial US presidential elections in recent history, the stage is now being set for the next political bout to become President. Under normal circumstances, the sitting President frequently leads their party if they’re eligible for re-election, but due to Joe Biden’s advanced age, the DNC may see a different candidate this cycle. Despite some sharp competition, Donald Trump still leads the betting odds to be the GOP presidential candidate in 2024. Through campaign financing information, polls, and the odds themselves, betting on the 2024 presidential election has never been easier.
Legality Of Political Betting Markets In The US
The overall legality of political betting markets in the US is pretty simple to understand. Even though sports betting has taken the United States by storm, political betting is a completely different issue. Right now, all legal sportsbooks in the country are not allowed to take bets on the 2024 Presidential elections or any other election around the country. Most states specifically have laws against sportsbooks providing odds on any elections. But that could change in the future. With sports betting becoming more accessible in the US, states are having a more positive outlook on gambling as a whole. We believe it’s only a matter of time before political sports betting will hit retail sportsbooks. For now, only online offshore sportsbooks allow you to bet on your favorite candidate.
Odds For The 2024 Presidential Election
Even though we are years away from the next presidential election, sportsbooks are already hosting betting odds for the 2024 US Presidential Election. Getting on these betting lines early is a great way to cash in on longshot odds as, within the presidential term, news, rumors, and political progress will surely affect election odds at online sportsbooks. Sports betting fans should know current odds at online sportsbooks are showing that betting fans are leaning heavily on Madam Vice President Kamala Harris and Florida Governor Ron DeSantis to go head-to-head in 2024. Odds for these candidates and more are already available to be wagered on at online sportsbooks.
US Presidential Election 2024 – Winning Party Odds
In addition to betting on who will win the election specifically, betting fans can also wager on the winning party. This is a great way to double down on betting odds or hedging your bet if the odds are good. Sports betting fans can also place action on the potential winning party early before the final nominees are set as a way to cash in on long odds without committing to a single candidate as of yet. Betting on the winning party is one of the best ways to cash in on presidential election odds in many ways. The two main parties dominate the betting lines, but those who want to wager on a third party will see great long odds as well.
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Biggest Bets On The 2020 Presidential Election
The 2020 US presidential election saw records when it came to political betting odds. After shaping up as the most polarizing election in recent memory, sports bettors took heavy action on both sides of the political sportsbooks. An unnamed bettor from the UK put $650,000 on Democratic nominee Joe Biden to win and collected over $1 million after the win. Donald Trump also had support with an Australian bettor risking $140,000 on Trump to win (to win $231,000). The largest reported wager on the 2020 election though was a $5 million risk made by an anonymous former banker turned gambler in England. While $15 million was to be won by supporting the former president, the gambler lost their very expensive lunch.
Bovada sets the standard for online sportsbooks and is easily one of the best legal betting sites on the market. Bovada allows bettors in the US to place wagers on who will win the Presidential Election. Offering US Presidential Betting odds separates Bovada from the crowded pack of online sportsbooks accepting players residing in the US and from traditional retail sportsbooks who cannot list odds on Presidential Elections. Placing political bets at Bovada can even be done from any mobile phone, tablet, or laptop as long as they’re connected to a stable internet source. With secure deposit and withdrawal options available to users as well as a 24/7 customer service team ready to assist when problems arise. It’s easy to see why Bovada has become one of the industry leading sportsbooks with US Presidential Election Betting Odds.
- Accepts USA Players
- Great Selection of Odds
- Easy Deposit Methods
- Fast Payouts
- Easy to Get Started
BetOnline has long been serving US residents as a convenient way to place bets on the US Presidential Election. Accessing BetOnline is simple as the mobile friendly website can be visited through any mobile devices web browser since there is no downloadable app available. BetOnline’s mobile site brings the entire sportsbook featuring the most up to date Presidential odds right to your devices screen. BetOnline is a legitimate sportsbook that has never had any issues with paying players out on time while also having various ways to deposit and withdraw funds. If looking to profit off the process of selecting the next US President then BetOnline is the perfect place to do so at.
- Trusted USA Sportsbook
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MyBookie is one of the most comprehensive online sportsbooks offering bets on the 2020 US Presidential Election. The mobile friendly site can be accessed while waiting in line at the voting polls or while ordering coffee at a local cafe. No matter where you are, MyBookie is not far away and with the 24/7 news cycle of the Presidential Election whenever breaking news hits this online sportsbook is available at all times accepting bets. Choosing to place bets with MyBookie ensures risk takers are betting at a legitimate sportsbook featuring an easy to reach customer service department should any problems occur. MyBookie also has a moderate amount of ways to deposit and withdraw funds making this one of the best value sites to bet on which political party will be in control of the office of the US President for the next four years.
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Types Of Presidential Betting
There are limited ways of betting on which party, or candidate will take over the White House. However, knowing the different ways to bet on US Presidential Elections is key to profiting off the political process. Below are some of the most popular bet types seen at legal sites with 2020 Presidential Election Odds.
Presidential Election Futures Bets
The most common way to bet on US Presidential Election odds is through futures betting. These odds can fluctuate depending on current events surrounding the US Election, or what a candidate says or does. Some sportsbooks will have more than just the two candidates available to bet on and it’s best to not get caught up in betting on candidates that likely won’t even make it onto the ballot in many states. Furthermore, during the Presidential Primaries before the parties have chosen their nominees is one of the best times to bet on Presidential odds as the options are numerous and the chance to hit on one of the underdog candidates always features a big return for political bettors.
Betting on the Electoral College in the 2024 US Presidential Election
While many bettors prefer to just bet on the overall winner of a given Presidential Election many legal sportsbooks offer odds on which candidate will win the Electoral College in each state. Betting on the Electoral College is an alternative way to vote on the Presidential Election when the candidate is heavily favored to win the popular vote. The Electoral College is the one process that decides which candidate will win the Presidential Election and betting on each individual state is a good way to build a bankroll off the US Election.
How The 2016 Presidential Election Differs Greatly From The 2020 Presidential Election
In terms of likeability, Biden has much more of that than Hillary Clinton did in 2016. In July of 2016, Clinton was polling with numbers of 34% positive and 56% negative with 43% of that being “very negative.” Fast forward four years to July 2020 and Biden polled at 34% positive like Clinton and 46% negative with only 33% of that being deemed “very negative.” His negativity view is a whopping 10% less than hers was which could prove to be huge come November when it’s time to vote.
Not only is there this difference in the elections, but third party voting in 2016 was 6% which aided Trump in his win of the Electoral College. However, this percentage is expected to be much lower because of Biden. Every person that was a fan of Bernie Sanders can see that he and Biden share a friendship far better than Clinton held with Sanders. That could seal the Biden vote for those that originally wanted Sanders as President. There is also the fact that many more people have decided to become involved after being unhappy with President Trump’s actions in the oval office and no longer wish to see him serve another four-year term.
This race will be much tighter than that of 2016. Polls and popularity all favored Clinton heavily but Trump came out victorious. Now each man in this race is pretty evenly matched when it comes to voters in the United States. Should it come down to splitting hairs, it could go to Biden for the win only because it’s been rumored that the Senate and the House will both be Democratic and want Biden in office. Polls in September have shown that Biden is at 49.9% while Trump has dropped to 42.1%. Even on his best days throughout this campaign, Trump has not been able to break 47% in national polls against Biden which isn’t the best he could hope for going into the new election but he’s been a bigger underdog before so his team is not as worried as most would be.
The Presidential Debates Effect On The Election Odds
The Presidential debates are some of the most important parts of the American Political Process as it gives candidates the platform to discuss the differences in their campaigns. Since the first Presidential Debate on September 29, Democratic Nominee Joe Biden’s odds to win the election have become even more favored, moving from -129 to a -148-favorite overnight. Meanwhile, Trump’s odds became longer after the debates, as he went from a +109 to a +135 underdog. The Vice-Presidential debate between Mike Pence and Sen. Kamala Harris shifted odds at sportsbooks even more as the Biden-Harris campaign is now a -200 favorite to win the White House while the Trump-Pence campaign has faded to +170 odds of winning the 2020 US Presidential Election. With two Presidential debates left, there is still time for these odds to shift before Americans decide who will be the Commander in Chief on November 3.
Betting Odds For The 2024 US Presidential Election
Former Vice President and Democratic nominee Joe Biden won the 2020 US Presidential Election over President Donald Trump. Many legal sports books have already posted the odds on the 2024 US Presidential Election and although the election is still years away it’s never too late to place a wager on these odds. Now that the 2020 Presidential Election has been decided, take a look at what sportsbooks think is in store for both parties the next time Americans have to select who the Commander In Chief will be.
The Odds Trends For The Presidential Election From March 2020 – Present Day
Below is a list of the odds from Bovada Sportsbook and how they’ve changed since March 2020. Biden began as an underdog, then as the favorite, and now even with President Trump.
- March 2020: Donald Trump (-115) Joe Biden (+130)
- April 2020: Donald Trump (-115) Joe Biden (+140)
- May 2020: Donald Trump (-120) Joe Biden (+120)
- June 2020: Donald Trump (-110) Joe Biden (-110)
- July 2020: Donald Trump (+135) Joe Biden (-150)
- August 2020: Donald Trump (-110) Joe Biden (-110)
- September 2020: Donald Trump (-120) Joe Biden (-120)
- October 2020: Donald Trump (+180) Joe Biden (-200)
- November 2020: Donald Trump (+155) Joe Biden (-185)
June was the first month that Biden and Trump tied for the same odds to win. This was after George Floyd’s death and the public’s outrage of the lack of action taken by Trump against law enforcement when it came to BLM. Meanwhile, Biden was scouting for a Vice Presidential running mate and looking specifically at qualified African American women to take on the role of his second in command which raised his popularity numbers in the public eye.
By July, Biden trumped Trump’s odds of winning based on his speeches about equality and how he would go on to handle the Coronavirus Pandemic. Trump did less speaking on the topics and when he did, they were lacking in apology for BLM and didn’t seem to give the American people the answers they were seeking on how the Coronavirus would be handled. In August 2020 and going into September, both men have managed to maintain the same chances at winning the election despite Biden naming Kamala Harris as his Vice President in August. There was hope that naming her officially would give him the upper hand again.
Betting On The Next Attorney General
Now that it has become clear that Joe Biden has won the 2020 US Presidential Election he has begun to assemble pieces of his administration. One of the biggest questions remains on who President Elect Biden will select as his Attorney General. As the election season wraps up these types of props will be among the top political bets up until the January 21, 2021 inauguration.
Next Attorney General
- Doug Jones -110
- Sally Yates +150
- Merrick Garland +250
- Andrew Cuomo +400
Key Dates For The Upcoming Presidential Election
While the betting odds on the presidential candidates are bound to change, bettors can keep aware of when these changes are going to happen by knowing certain key dates. If a candidate performs poorly at a debate or loses a state’s primary, it can seriously affect their betting odds. Some of the most important dates to keep an eye on for betting on the election include:
January 14, 2020: Democratic Debate Number 7
Bernie Sanders and Pete Buttigieg all impressed during the debate with a major stand out moment occurring from Sanders on supporting a female presidential candidate.
February 3, 2020: Iowa Caucuses
Pete Buttigieg took a narrow lead over Senator Bernie Sanders’ 13 delegates to Sanders’ 12. This gives Buttigieg a slight 22 to 21 lead over Sanders.
February 7, 2020: Democratic Debate Number 8
Both Bernie Sanders and Pete Buttigieg put on a show as they established themselves as the clear-cut leaders to represent the Democratic Party in the upcoming election.
February 11, 2020: New Hampshire Primary
Bernie Sanders gained a slight lead over Pete Buttigieg. Both candidates ended with 9 delegates, with Sanders taking 75,690 of the votes (25.7%). Buttigieg took 71,999 of the votes (24.4%).
February 19, 2020: Democratic Debate Number 9
Despite being the favorite, Bernie Sanders remained rather unscathed by his opponents. Instead, Elizabeth Warren continued the targeting of Michael Bloomberg while Pete Buttigieg looked to keep the peace and calmness in the group. Biden limited his gaffes and held a strong performance.
February 22, 2020: Nevada Democratic Caucus
Bernie Sanders took an overwhelming victory at the Nevada caucus, going home with 46.8% of the votes, and boasting 24 delegates.
February 25, 2020: Democratic Debate Number 10
Michael Bloomberg redeemed himself during the debate while Bernie sanders took a beating from all other candidates accusing him of being a communist. Joe Biden may have been the story of the night however as he was able to regain some momentum heading into the South Carolina primary, an event Biden needs to win in order to stay in the race.
February 29, 2020: South Carolina Democratic Primary
To no surprise, Joe Biden took control of South Carolina. His 35 delegates (48.4% of the votes) proved the mid-Atlantic region is his to lose. Bernie Sanders (13 delegates, 19.9% of votes) also received some support as well with no other candidate breaking past a dozen percent of the votes or receiving a delegate.
March 3, 2020: Super Tuesday primaries
Joe Biden won important victories in key battleground states like Minnesota and Massachusetts after many other moderate candidates dropped out and endorsed his campaign in the days leading up to Super Tuesday. After entering the day trailing Senator Bernie Sanders in delegates, Biden finished it with a lead of nearly 200 delegates.
March 10, 2020 – Six More State Primaries
Joe Biden again won important primary victories in Idaho, Michigan, Mississippi and Missouri. Ballots are somehow still being counted in Washington, where the race is very tight and Biden holds a slight edge. Sanders’s only state win for the night was in North Dakota.
March 15, 2020 – Democratic Debate 11
Joe Biden and Bernie Sanders exchanged haymakers in a strange debate that featured no audience and strict spacing between candidates out of fear of the Coronavirus, which was the focus of much of the debate. Biden made some notable gaffes and false claims, but Monday polls indicated little change in voter perception of the two candidates.
April 8, 2020 – And Then There Was One
Senator of Vermont Bernie Sanders officially drops out of the race for the 2020 Presidential Election. This leaves former Vice President Joe Biden as the sole Democratic candidate for the Presidency.
August 11, 2020 – Kamala Harris Become VP Choice
Joe Biden officially announced that Kamala Harris would be his running mate. Though names like Susan Rice and Val Demings floated toward the top of the oddsboard, Biden selected the California senator.
August 17-20, 2020 – Democratic National Convention
Former Vice President Joe Biden became the Democratic nominee in the DNC and will take on the incumbent, Donald Trump, in the 2020 US election. The event was held virtually due to the coronavirus.
August 24-27, 2020 – Republican National Convention
Just a week after the DNC, the Republicans held their convention in Washington DC, Charlotte, and from a variety of virtual locations. Without a true challenger, Trump was renominated as the Republican candidate, as was Mike Pence for VP.
September 29, 2020 – Presidential Debate #1
In the first showdown between Donald Trump and Joe Biden for the 2020 presidency, Fox News’ Chris Wallace is set to moderate the first Trump-Biden debate that will be held at Case Western Reserve University in Cleveland.
October 7, 2020 – Vice Presidential Debate
In this 90-minute uninterrupted debate, Senator Kamala Harris will take on Vice President Mike Pence at The University of Utah in Salt Lake City. USA Today’s Susan Page is set to moderate the event.
October 15, 2020 – Presidential Debate #2
Originally scheduled to happen at the University of Michigan, the second presidential debate will take place at the Adrienne Arsht Center for the Performing Arts in Miami. CSPAN’s Steve Scully is slated as the moderator for this 90-minute debate.
October 22, 2020 – Presidential Debate #3
Moderated by NBC News White House Correspondent Kristen Welker, the third presidential debate in 2020 will take place at Belmont University in Nashville. As the final debate, the 90-minute showdown will feature six 15-minute segments.
Understand Election Odds Versus Campaign Financing
There is a strong positive correlation between campaign spending and election success. Most years, whichever candidate spends the most money will win the election. This can result in sizable discrepancies between how well a candidate is polling and how favorable their odds are. If a candidate who has spent a lot of money is polling well but their odds aren’t too favorable, it can lead to a smart bet that can be used to hedge later. Understanding campaign finance can be a great way to get ahead in political betting, but that doesn’t mean that campaign spending is the end-all, be-all.
As of March 2020, here are campaign spending reports for top candidates:
- Michael Bloomberg: $1.06 billion
- Tom Steyer: $347.5 million (Q3 and Q4)
- Donald Trump: $245.6 million
- Bernie Sanders: $214.9 million
- Joe Biden: $134.6 million
- Elizabeth Warren: $128.4 million
- Amy Klobuchar: $54.0 million
- Andrew Yang: $41.8 million
- Pete Buttigieg: [No FEC data]
- Howie Hawkins (Green Party): $100,890
- Vermin Supreme (Libertarian Party): $59,068