Last updated on: July 18th, 2022

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 on legal online betting sites. Through campaign financing information, polls, and the odds themselves, betting on the 2024 presidential election has never been easier.

2020 Presidential Election

Countdown to the 2024 Election …

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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.

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Odds For The 2024 Presidential Election

Even though we are years away from the next presidential election, online 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. As the odds currently sit, Donald Trump is favored to win the election for a second time and is followed by Joe Biden. Vice President Kamala Harris and Florida Governor Ron DeSantis also have favored odds. Odds for these candidates and more are already available to be wagered on at online sportsbooks.

US Presidential Election 2024 – Winning Party Odds

One great way of doubling down on your presidential election bets is by betting on which party will come out on top. The one thing about these odds is that they are typically posted before candidates from each party are even selected. That said, they usually open up offering great value and as the race heats up, the odds will begin to shift. Of course, the two main parties that are always favored are the Democrats and Republicans, however, odds on one of the smaller parties offer huge payouts which could be worth keeping an eye on if taken early enough.

2024 Republican Nominee Odds

Similar to betting on the overall winner of the presidential election, you can also find odds on which candidate will come out of the Republican party. The candidates for the republican side of the election will be announced much closer to the election. As they sit right now, former President Donald Trump is favored to come out and run again.

2024 Democratic Nominee Odds

Like the Republican party, official nominees for the Democrats will be announced at a later date. However, as the odds sit right now, current president, Joe Biden is favored to represent the Democrats once again. Vice President Harris follows close behind.

Latest Political Betting News

#1

Bovada Sportsbook

The Best Online Sportsbook For 2024 US Presidential Election Betting

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.

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#2

BetOnline Sportsbook

America’s Go-To Online Sportsbook To Place US Presidential Elections Wagers

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.

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#3

MyBookie Sportsbook

Trusted US Presidential Election Betting For Years

MyBookie is one of the most comprehensive online sportsbooks offering bets on the 2024 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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Betting On The President’s Approval Rating

BetOnline frequently offers betting odds on the President’s approval rating a few months in advance. Odds suggest the betting favorite and long-shots like any normal futures bet. Betting on a futures political event such as this can carry higher risks with higher rewards because of the constantly changing political scene. In the past betting odds have looked like:

Ways To Bet On The US Election

To Progress Further

These odds are easy to understand as they are head-to-head odds. With these, you are betting on which politician is going to make it further in the race. One example of these odds is between Donald Trump Sr. and Mike Pence and which of them will move further in the election. Trump is favored to move on with -250 odds.

To Run For President

With these odds, you are betting on who is going to run for the upcoming presidential election. These odds are in futures format in which you can bet on more than one option. With the shortest odds to run for the election is former president Donald Trump.

Endorsements

Here, you are betting on if specific candidates will have endorsements from other politicians. For example, there are odds on if Hillary Clinton will endorse any Democratic candidate that is not Joe Biden. She is favored to only endorse Biden in the election with -1000 odds.

Exact Party Leaders

With these futures odds, you are taking the risk on the double result of the exact candidate to come out of both parties. You would have to guess the correct leader of both the Republican and Democratic parties. Donald Trump Sr. and Joe Biden are favored to be the exact leaders.

Female President

These are some of the simplest odds to understand and bet on of the bunch. With these, you are betting on if there will be a woman president or not with the outcome of the next election.

Sitting Presidential Prop Bets

Approval Rating

These odds are in futures format and they are on the percentage of approval rating that the president will receive in the middle of his term. Odds right now are favoring that Biden’s approval rating will be between 40% and 40.99% at +200 odds.

Trump Props

Donald Trump, during his presidency, certainly made his mark on the United States and on the world. This comes as a result of some of the things he says and does. With that, online sportsbooks offer loads of different prop bets on Trump alone. Examples include Trump having +1200 odds to get divorced, +700 odds to visit China, +700 odds to visit Russia, and +1600 odds on his Twitter account being restored.

Exit Date

These lines are in futures odds format as well and they are on when the president will leave office. The favored odds are usually on the year that the term is over with years before being listed with longer odds. Biden currently has -1000 odds to leave office in 2024 or after.

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.

Betting On International Political Races

Presidential odds are not only available for the United States, but for nations around the world. Odds are always adjusting for various political landscapes, as well as which elections are upcoming. There may be different forms of government used around the world, some positions have different titles, but the idea to bet on the eventual winner for the position remains the same.

US Presidential Odds Betting FAQ’s

Does DraftKings have odds on presidential races?

In the USA, you will not find any sportsbook with election odds. However, this changes in the Canadian sports betting market. DraftKings offers political betting odds in Ontario for the US elections. The US could look to add political odds but lawmakers and gaming regulators would have to be in agreement. For those in the US looking to bet on presidential races, consider using Bovada or BetOnline.