2024 US President Election Odds comes to to Biden vs Trump, again

2024 Presidential Election Odds: Senior Citizen Showdown

The 2024 US Presidential Election odds are sure we're going to see a rematch between Joe Biden representing the Democrats and Donald Trump representing the Republicans. Even though neither has officially secured their party's nomination for the November election.

Whoever wins the election, assuming it does indeed come down to these two, will be the oldest to ever start a presidency.

2024 US Presidential Election Odds

Odds To Win 2024 US Presidential Election
CandidateOdds
Donald Trump-120
Joe Biden+200

Odds as of March 6

2024 U.S. Presidential Odds: Joe Biden's Age

Biden's odds have fallen down over the last few weeks. That's because there's some serious concern over his mental capacities. Biden will be days short of 82 years old on the date of the 2024 election (his birthday is November 20). 

There are reports Biden is already displaying signs of moral lapses. That makes sense. He's in his 80's! I'm half his age and I feel I'm already dealing with memory lapses. The "Commander-In-Chief" should be at the top of his game when dealing with domestic and international issues. How can he effectively make decisions if he can't remember key details? 

But look, Biden is still winning over the Democratic Party with a sweeping victory on Super Tuesday. He's the easy favorite to win the Democratic nomination at -500.

As President, Biden has done a great job of fighting inflation and unemployment.

Inflation (the rise in costs), has been steadily below 3.25% since October of 2023. Remember that the Fed (and most Central Banks) aim for a 2% inflation rate. Cutting national inflation by a third from 9+% in July of 2022 to what it is now is a massive achievement. 

Joe's had the same impact on unemployment. His administration has brought it down from 6.3% when he stepped into the job to 3.7% now.

Keeping costs low and people employed is a huge win for him. But will it be enough to ward off the (justifiable) fears of his age?

2024 President Elections: Trump Trumps Challengers

Nikki Haley fought bravely, but after a really bad showing on Super Tuesday, she called it quits. And rightfully so. She lost 14 of 15 states in a single day. The one state she did win was by a razor-thin margin of 50-46.

Trump is all but the official 2024 Republican nominee. But can he win the Presidency? 

Oddsmakers think so, but it's one thing to convince his base he's right for the job and another to convince the American people at large.

Trump lost the popular vote in 2016 by 2.8 million and nearly doubled that shortcoming in 2020 with a 7 million gap to Biden. And look, Trump isn't running away with the Republican party like he was in 2020. He's captured only 64% of the GOP's votes compared to the 94% he got just four years ago.

To me, there's an underlying problem that's being overlooked with Trump's appeal to centrists. An appeal he needs to win.

US President Odds: Favorite Usually Wins

Usually the favorite wins. Of 59 Presidential elections only four have been won by an underdog. Trump is one of only four candidates to win the White House as the underdog since 1916. 

Underdogs That Won US President Election
ElectionUnderdogFavorite
2016Donald Trump (+375)Hillary Clinton (-550)
1976Jimmy Carter (+100)Gerald Ford (-120)
1948Harry Truman (+1500)Thomas Dewey (-1800)
1916Woodrow Wilson (+110)Charles Evans Hughes (-110)


How To Read 2024 U.S. Presidential Election Odds

Welcome to betting on U.S. politics. Let’s say that you want to bet on the result of the 2024 U.S. presidential election. The betting odds should be listed similarly to this:

  • Joe Biden +650
  • Donald Trump +800
  • Ron DeSantis +2500

The odds listed above are called American odds. The plus sign (+) indicates how much you would win if you were to bet $100 on that option. The candidate with the lowest number, in this case, Joe Biden, is considered the betting favorite for this market. 

Now, if you believe that Ron DeSantis will win the 2024 U.S. presidential election, you bet $100 on that option and he is elected in 2024, you'd get $2600 – your initial bet of $100 is returned and you are rewarded with $2500 in profit.

Check out our Odds Calculator to see how much you’d win based on the odds and amount wagered.

What Are Presidential Futures?

Futures bets are made on events that have yet to take place. You make a bet like this far off in advance of the event, in this case, the person to win the 2024 U.S. presidential election. 

To make a bet like this, you would first use the info contained in this article to handicap your wager along with keeping up with the daily news cycle of U.S. politics.

Once you’ve made your decision on which person you think has the chops to win the 2024 election, you’re ready to start betting on U.S. political futures.

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