US Presidential Election 2024: Betting odds, tips and guide
Anybody who thinks politics is boring needs to take a look across the Atlantic to America.
The current President, Joe Biden, officially renounced his candidacy, and is out of the race to be re-elected as the US President.
With the 2024 Presidential Election just weeks away and with Biden out, the race for the White House is as close as ever.
For those looking to place a bet on the outcome, numerous betting sites are offering competitive odds on the 2024 Presidential Election.
US election betting markets
There is a lot more to betting on the US Presidential Election than just wagering on who gets to live in the White House for the next four years.
As well as betting on who will be the next President of the United States, there are also odds available on who will be the Vice President nominees, the winning party, the popular vote, and there is individual betting on which party will win each of the 50 states.
Odds for next US president
Find the latest odds for the US Presidential election below. Odds are subject to change.
There are two front runners in the betting to win the 2024 US Presidential Election: Kamala Harris and Donald Trump. With Joe Biden’s withdrawal from the election, Kamala Harris is now the Presidential Candidate for the Democrats.
If you’re considering placing a bet, use a betting calculator to determine potential payouts based on the latest odds. This tool helps you understand your possible returns and make more informed decisions before placing your wager.
Donald Trump
Donald Trump became the 45th President of the USA when he defeated Hilary Clinton to win the US Presidential Election in 2016. The result of the election was a shock with Clinton as short as 1/3 on the day of the vote.
After losing to Joe Biden in controversial style in 2020, Trump is looking to become only the second President in history to be elected to two nonconsecutive terms.
Bet on Donald Trump to be elected with Sky Bet
Kamala Harris
The current Vice-President to Joe Biden, Kamala Harris is now the official Democratic nominee, and will take on Trump in the 2024 election.
She came into the election race as underdog. However, Harris has seen great support since Biden’s withdrawal, including endorsement from Joe Biden himself and multiple other high profiles in the Democratic Party. Along with successful rallies, she has even the playing field and the race is close as ever.
Back Kamala Harris to become President at BetMGM
US election winning party odds
A bet on the winning party is a bet on whether it will be the Republican Party, the Democratic Party, or an Independent candidate that wins the 2024 Presidential Election.
The Republican Party are the current betting favourites.
*Odds are subject to change
Democratic
Harris is officially the Democratic nominee. So the odds for betting on the Democrats to win is almost on par with a straight vote on Harris. However, as we have seen anything can happen. So if you think that the Democrats will win, rather than betting on Kamala Harris, to win the Presidential Election, it would make more sense to instead wager on the Democrats to be the winning party.
Republican
Donald Trump looks locked in to be the Republican candidate on the ballot paper in 2024. A bet on the Republican Party is essentially a bet on Trump unless something dramatic happens over the next few months.
Independent
It is possible for candidates that are not affiliated to either of the two main parties to stand. One of the most high profit Independent candidates is Robert Francis Kennedy Jr., who happens to be the son of Robert F. Kennedy, and a nephew of former US President. John F. Kennedy.
Democratic nominee odds
One of the betting markets available for the US election, is betting on the nominee for each party. As Kamala Harris has officially been nominated as the Democratic nominee, the markets for betting on the Democratic candiate has now officially been closed
Republican nominee odds
Donald Trump is the nominee to represent the Republican Party. He accepted his party’s nomination on July 15th, 2024, just days after surviving an attempt on his life. Trump ran an effective campaign seeing off rivals like Ron DeSantis, Vivek Ramaswamy, and Nikki Hayley. Some of his wins in the primaries were achieved with ease.
The former President has also portrayed himself as an embattled man of the people, fighting against state institutions such as the US Supreme Court and has also been involved in high profile courtroom showdowns in New York and Florida.
US election state betting
It is possible to bet on who will win the popular vote in each individual state. A lot of states are traditionally Republican or Democratic, meaning the odds can be very one-sided.
The swing states are where the betting value is to be found and where the Presidential Election is usually decided. Often described as the battleground to where the election will be won and lost, the key swing states in 2024 are expected to be Arizona, Georgia, Michigan, Pennsylvania and Wisconsin.
US election popular vote betting
A bet on the popular vote is a bet on which party will receive the most votes across the whole of America.
The winner of the election isn’t always the party that receives the most votes across the nation. The Presidential vote is decided by the Electoral College process, which is made up of who wins each individual state. This means a candidate wins the election by how many states he or she wins, not by simply getting the most votes nationwide.
In 2000 and 2016, the winner of the Presidential Election lost the popular vote. In 2024 there is a chance that this can happen again as the Democratic Party are favourites to win the popular vote and lose the Presidential election.
How to bet on the US election
You’ve seen how big US politics is and now want to know how to bet on the 2024 US election. It is legal and it is possible. All you need to do is follow these simple steps:
- Choose a recommended bookmaker from our list of the best political betting sites
- Open a new account
- Make a deposit to your account
- Find Politics in the main menu
- Find the betting market for 2024 US election you wish to bet on
- Click on your selection
- Enter the amount you want to wager
- Submit your bet
FAQ about the US election
1. When is the US election?
The next US election is on Tuesday November 5th, 2024. The winner will be inaugurated on Monday January 20th, 2025. An inauguration takes place no matter who wins, even if it is the current President, Joe Biden.
2. Which bookmakers have odds for the US election?
All the bookmakers listed on our Politics page have odds on the US election. Political betting is a huge market. So any good bookmaker will offer odds on the US election.
3. Can Trump still be elected President if he is in jail?
Donald Trump can still run for President if he is in jail. It is a constitutional debate if he could be released to serve as President.
4. How do oddsmakers determine the US election odds?
Oddsmakers determine their US election odds by collaborating statistics from opinion polls, popularity ratings, and events that can influence the odds. For example, data shows that Donald Trump is ahead in the opinion polls, this influences the odds. Events can influence the odds as well. A good example would be Joe Biden’s poor showing in the live Presidential TV debate that caused his odds to drift.
5. How good are bookmakers at predicting the US President odds?
In general, bookmakers are very good at predicting US President odds. The one anomaly in recent years was in 2016, when the bookmakers expected Hillary Clinton to win, only for her to lose to the underdog, Donald Trump.
About the author
Dean Etheridge
Dean Etheridge is an experienced freelance sports betting writer who specialises in football. He predominantly covers the Premier League and Champions League but can turn his hand to all aspects of the beautiful game. You can follow Dean on LinkedIn (@deanetheridge)
Commercial content notice: Taking one of the bookmaker offers featured in this article may result in a payment to talkSPORT. 18+. T&Cs apply. GambleAware.org
Remember to gamble responsibly
A responsible gambler is someone who:
- Establishes time and monetary limits before playing
- Only gambles with money they can afford to lose
- Never chase their losses
- Doesn’t gamble if they’re upset, angry or depressed
- Gamcare – www.gamcare.org.uk
- GambleAware – www.gambleaware.org
Find our detailed guide on responsible gambling practices here.
For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to www.gamstop.co.uk to be excluded from all UK-regulated gambling websites.