GOP Nomination 2024 GOP Nominee for the Presidential election to be held on Nov 5 2024. $4,226,361 bet so far. President Election Odds 2020 – Betting Breakdown: Former Vice-President Joe Biden is reportedly leading the majority of polls headed into the 2020 Presidential Election. However, while the majority of states have already seemingly been decided.
The latest 2024 presidential election odds show Vice President Kamala Harris as the front-runner over President Joe Biden and former President Donald Trump at most European sportsbooks. For instance, Harris is +350 to win in 2024 at Bet365, with Biden at +400 and Trump at +600.
The thinking is that Biden may opt to let Harris take the reigns in the next Presidential election cycle, due to the fact that Biden will be 81-years-old three years from now.
The first deciding events are the Iowa caucuses and the New Hampshire primary, which usually take place in February. Although the winners of these party-specific races aren’t necessarily shoe-ins for their party’s nominations, the results of these events can impact the odds greatly. Bgo 20 free spins no deposit.
By the time Iowans and New Hampshirites gather to make their decisions, bettors in the United Kingdom and around Europe should have a good idea of who is in the running for the nominations of both parties. Despite all the historic precedent of renominating an incumbent, that isn’t a foregone conclusion for the Democrats in 2024.
- The betting odds for the 2020 US presidential election are constantly moving at most sites. These movements are based on factors such as the latest debates, news, polls, and so on. Let’s take a look at the best odds for both Trump and Biden right now.
- US Presidential Election Betting Odds Betting on politics dates back hundreds of years. As King Edward VI of England lay dying in 1553, merchants in Antwerp were busy wagering on the disputed.
- Odds for the 2024 Presidential Election are already available for betting despite the recent election just ending. It may be hard to tell who will be in the running a few years from now, but bettors can still get in some early odds for some of the top candidates as well as longshots.
Here’s a look at the current US Presidential Election odds at two UK books:
Presidential election odds 2024
Candidate | Bet365 | Betway |
---|---|---|
Kamala Harris | +350 | +400 |
Joe Biden | +400 | +400 |
Donald Trump | +600 | +800 |
Mike Pence | +1400 | +1600 |
Nikki Haley | +1400 | +2000 |
Ivanka Trump | +2500 | +3300 |
AOC | +2500 | +3300 |
Dwayne Johnson | +2800 | +5000 |
Ted Cruz | +3300 | +3300 |
Michelle Obama | +3300 | +3300 |
Tucker Carlson | +3300 | +3300 |
Pete Buttigieg | +4000 | +2800 |
Liz Cheney | +5000 | OTB |
Given the recent historic turnout in Black communities in major cities around the country, Harris makes sense as the front-runner right now. It’s reasonable to assume the leaders in those communities could fire that machine back up in 2024 to get behind her.
The Democrats may want to maximize that momentum by nominating Harris instead of pushing for a second term for Biden. If they do so, that would be a first. So far in US history, no major party has ever opted not to renominate an incumbent when he’s been eligible for reelection.
That’s partially because ousting an incumbent president has proven very difficult in US history. Prior to 2020, it hadn’t happened in nearly 30 years. Here’s the full list of one-term presidents and their tenures in office:
- Donald Trump, 2017-2021
- George H.W. Bush, 1989-1993
- Jimmy Carter, 1977-1981
- Gerald Ford, 1974-77
- Herbert Hoover, 1929-33
- William Howard Taft, 1909-13
- Benjamin Harrison, 1889-93
- Martin Van Buren, 1837-41
- John Quincy Adams, 1825-29
- John Adams, 1797-1801
If the Democrats do nominate Harris in 2024, it will be historic for other reasons, however. No major party has ever nominated an African-American woman for president, for example.
Harris’ nomination could come in the same year as a historic nomination by the other party. The possible scenario has only played out one other time in US history.
Can Donald Trump run again in 2024?
The short answer is yes.
Only Grover Cleveland has served two non-consecutive terms as president in US history, serving his first from 1885-1889 and his second from 1893-1897. Despite the fact that Trump just got the second-most votes for a presidential candidate in US history, there is one big reason why he may have an uphill climb to secure a third nomination from the Republican Party.
In June of 2024, Trump will turn 78 years old. That would make him the oldest major-party presidential candidate in US history, setting him up to be pushing 83 when his potential second term would end.
![Us 2020 presidential election odds Us 2020 presidential election odds](/uploads/1/3/7/6/137652862/841083847.jpg)
By a similar measure, Trump also had more people vote for his opponent than any other incumbent in US history. That’s another reason why the GOP may look elsewhere in 2024.
UK books currently favor Mike Pence, Nikki Haley, and Ivanka Trump to be the GOP nominee in 2024. Either Haley or Ivanka Trump would be the first female presidential nominee in the history of the Republican Party. Ivanka Trump would also be the first daughter of a president to receive such a nomination.
Election betting explained
Often times, books will refer to markets on these contests as “futures.” That’s because they will settle the bets months or years into the future.
The lines on this event are called moneylines or straight bets. That means you’re simply picking a winner of the contest, with the margin of victory and other elements irrelevant for these purposes.
Using the 2020 presidential election as an example, UK books liked Trump as a strong contender. They started him out at +100 or “even money” then moved him to -150 throughout the cycle. His odds rounded out at +150.
That means if you put $100 down at first opportunity, you would have doubled your money exactly had he won. When his odds moved to -150, you would have had to wager $150 to make $100 in profit. At +150, you’d get a $150 payout on a wager of $100.
What to monitor: polling data
Polling data is fluid and changes over the course of an election period. In the early stages like now (May 2019), candidates with the most name recognition tend to poll the strongest. That’s why on the Democratic side former VP Joe Biden and 2016 candidate Bernie Sanders were early polling front-runners.
As lower tier candidates who have difficulty fund-raising drop out of the race, and TV debates start crystallizing (or galvanizing) voter opinion, the numbers begin to consolidate around one-to-two front-runners heading into the primaries.
For simplicity purposes, monitor two well-respected polling aggregators:
- Real Clear Politics: Consolidates and links to the most respected polls.
- FiveThirtyEight Polls: Does the same but presents the information in a different way.
Top 2024 US Presidential Contenders
Democrats
In US history, no major party has ever failed to renominate an incumbent for reelection when he’s been eligible for another term. UK books feel that the Democrats will break that tradition in 2024, however, nominating Vice President-Elect Kamala Harris instead. Other frontrunners at these books include NY Congresswoman Alexandria Ocasio-Cortez and former South Bend, Indiana Mayor Pete Buttigieg.
Republicans
While Donald Trump is the frontrunner at UK books right now, current Vice President Mike Pence is the next top contender. After that, the field contains former South Carolina governor Nikki Haley and Trump’s daughter Ivanka.
2024 Presidential betting tips
In terms of presidential elections, the candidates who most represent the opposite end of the spectrum ideologically often fare the best. For example, Barack Obama and Donald Trump were about as different as could be.
That’s usually following a two-term president, however. As 2024 will come at the tail end of Joe Biden’s first term and he may run for reelection as the incumbent, that typical wisdom may prove unreliable.
Watch candidates’ fundraising and polling as the cycle nears. That will be an indicator into which candidates to back at the books.
Can you bet in the US?
So far, no states have allowed sportsbooks within their borders to take action on the results of any US elections. If that changes to any degree, TheLines will keep you updated on the progress of that movement.
Donald Trump has declared himself the winner of the 2020 presidential election and called for "all voting to stop" in remarks delivered live from the White House on ..
Donald Trump has declared himself the winner of the 2020 presidential election and called for "all voting to stop" in remarks delivered live from the White House on election night.
The betting agencies are providing huge clues about the election result. Picture: Michael Ciaglo/Getty Images/AFPSource:AFP
A bookmaker has declared a Joe Biden victory, already paying out on bets for him to become the next US President.
Sportsbet tweeted the announcement just after 11am Australian time, even though the election is yet to be officially called by anyone.
The betting agency has paid out $23 million on election bets, but says it is still taking bets on who will win the presidential race.
The betting site had Biden at $1.10 and Trump at $6.50 but odds has been shifting dramatically over the past 48 hours.
Just yesterday afternoon, there was a huge swing to Trump, whose odds plummeted to a narrow $1.22.
But this morning, things wildy swung back in favour of Biden as the race narrows in key battleground states.
This is how Australian bookies were tracking this morning. Basically, it means for every $1 you put on that candidate, you would get the below in return if they win.
HERE ARE THE LATEST ODDS AT 2:30PM:
• Biden: $1.14
• Trump: $5.50
• Biden: $1.11
• Trump: $5.80
• Biden: $1.11
• Trump: $9.40
• Biden: $1.10
• Trump: $6.50
• Biden: $1.10
• Trump: $6.00
Scroll below to see how they compared to last night.
Joe Biden is firming up in betting odds to become the next president as polls close in the US election. Picture: Jim Watson/AFPSource:AFP
In 2016, Trump was $2.35 before markets closed ahead of the election.
Biden’s highest price was $26 in February this year.
The US election has been so popular for TAB that it will hold more money for the historical event than the AFL or NRL Grand Finals and it’s the same situation for Sportsbet.
RECORD BREAKING BET
Over in the UK, a British businessman is so confident Trump will win that he has placed a record breaking bet on the president staying in the White House.
The mystery former banker used private bookies registered in the Caribbean to place a bet of $5 million ($A6.97m), with odds of 37/20, on Trump’s win, according to The Sun.
If he is successful, the businessman could be taking home almost $15 million ($A20.9m).
A betting industry source told the publication the bet was believed to be “the biggest ever made on politics”.
While most indicators predict a Biden victory, if 2016 taught us anything, it’s that there’s no such thing as a shoo-in.
There has been a huge rush in bets on the US election, providing some major clues about what to expect from one of the most crucial votes in recent history when it comes to the polls – and the betting agencies.
WHAT DID THE POLLS SAY?
On election eve in the US, there had been a flurry of last-minute polling, with the Des Moines Register poll showing Trump beating Biden 48 per cent to 41 in Iowa – a massive swing from its previous survey, which had the race tied.
Us Presidential Election Odds Tracker
A poll of New Mexico from The Albuquerque Journal, which showed Mr Biden winning 54-42, was in line with the conventional wisdom that New Mexico was a little too Democrat-leaning these days to be considered a proper swing state.
The latest batch of New York Times/Siena polls covered four different states. Those polls showed Biden up 49-43 in Arizona, 52-41 in Wisconsin, 47-44 in Florida and 49-43 in Pennsylvania.
An EPIC-MRA poll of Michigan had the Democrat leading 48-41. Another, conducted by St Pete, showed him winning Florida by a razor-thin 49-48 margin. And finally, a pair of ABC News/Washington Post surveys had Biden up 51-44 in Pennsylvania, but Trump winning Florida 50-48.
RELATED: Biden’s long fight to take on Trump
The odds are in Joe Biden’s favour. Picture: Drew Angerer/Getty Images/AFPSource:AFP
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WHAT ARE THE ODDS?
Democratic hopeful Joe Biden has been the clear favourite across the major betting sites in the lead-up to the election.
But as the vote continued into the night, odds switched back in favour of Donald Trump.
Many believe betting odds offer a more accurate election prediction than polls, as people have invested their own hard-earned cash in the outcome.
These were the odds according to some of the major betting agencies, as of November 4 at 6.30pm, so you can see how much they’ve shifted.
• Biden: $3.20
• Trump: $1.34
• Biden: $3.20
• Trump: $1.34
• Biden: $1.45
• Trump: $3
• Biden: $2.88
• Trump: $1.36
• Biden: $3.10
• Trump: $1.33
PUNTER’S STUNNING $130K GAMBLE
A record number of bets have already been placed on the US election – but one cocky TAB punter shocked betting pros by laying down $130,000 on a Biden win.
The unnamed gambler bet the staggering pile of cash at odds of $1.57 this week.
Other big recent bets include $100,000 at $1.56 on Joe Biden and $40,000 at $2.50 on Donald Trump.
DIFFERENT BETS YOU CAN MAKE
All eyes are on the big one – whether it will be Joe Biden or Donald Trump in the White House for the next four years.
But there are also a string of other bets on the table, including the number of electoral college votes each candidate will receive, who will win the popular vote, the state electoral college winner, the state margin, seat margin, US Senate winner and many more.
For example, Trump is paying $4.50 to win the popular vote compared to Biden’s $1.18 (the candidate to get the most votes across America).
In 2016, Ms Clinton won the popular vote but still lost the election.
RELATED: Why Americans don’t want to vote
Will US President Donald Trump manage to pull off another miracle? Picture: Brendan Smialowski/AFPSource:AFP
Us Presidential Election Betting Odds
RELATED: America’s confusing voting system explained
ODDS BEFORE 2016 ELECTION
When Donald Trump took on Hillary Clinton in the 2016 election, it wasn’t just the pollsters that got the outcome disastrously wrong – the betting sites also incorrectly predicted a Clinton victory.
In fact, Irish bookmaker Paddy Power failed so spectacularly it ended up with a £4 million ($A7,399,793) bill after prematurely paying out £800,000 ($A1,479,958) to those who had backed Clinton ahead of Trump’s shock win.
According to OddsShark, Trump’s odds to win the 2016 election were close to 5-to-1 on election day eve and over at TAB, Trump was $2.35 before markets closed ahead of the 2016 election.
HOW TO BET
Betting on political elections is very much illegal in all 50 states in the US.
However, the same rules don’t apply in other countries, which means betting agencies based in Australia, the UK and other nations are open for business, with most companies allowing punters to place a bet online.
According to Fortune, gambling insiders are expecting the previous record set in 2016 to be broken again this year, with some bookies expecting the election to be even bigger than the Super Bowl where betting in concerned.