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2024 Presidential Election Odds: Harris The Favorite Over Biden, Trump

Kamala Harris, who leads the 2024 U.S. presidential election odds, gives a speech at the White House.

President Joe Biden’s first term in office at the White House continues to move along, which means the clock is now ticking on 2024 U.S. presidential election odds. Even though Biden won the 2020 U.S. presidential election with Kamala Harris as his running mate, it’s Harris who is the favorite to be the POTUS in 2024.

Harris has +450 odds (18.2 percent implied probability) to win the 2024 U.S. election, according to the latest presidential election odds, with Biden just behind her at +550 to win a second term. Having her as the favorite at Bovada may seem like a controversial choice given she is Biden’s vice-president.

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Not to be outdone, Donald Trump is right behind them on the oddsboard at +800. After a variety of controversies during his presidency and an assault on the Capitol, Trump may find it tough to overcome the odds on a potential 2024 election campaign but there’s no denying he has a strong base of supporters. 

Following those three are former South Carolina governor Nikki Haley (+1200) and former vice-president Mike Pence (+1600), who are both ahead of entrepreneur Andrew Yang (+3000) and others.

NOTE: It’s important to know that these betting odds are very preliminary and will likely change quickly based on new information. Keep track of the latest up-to-the-minute Political Futures. Always do your research before placing a political bet.

Who Is Favored To Win The 2024 U.S. Presidential Election?

Odds To Win the 2024 U.S. Presidential Election
Kamala Harris+450
Joe Biden+550
Donald Trump Sr.+800
Nikki Haley+1200
Mike Pence+1600
Michelle Obama+2000
Alexandria Ocasio-Cortez+2500
Pete Buttigieg+2500
Ron DeSantis+2500
Andrew Yang+3000
Elizabeth Warren+3000
John Kasich+3000
Stacey Abrams+3000
Beto O’Rourke +3300
Dwayne Johnson+3300
Ted Cruz+3300
Cory Booker+4000
Josh Hawley+4000
Amy Klobuchar+5000
Andrew Cuomo+5000
Bernie Sanders+5000
Dan Crenshaw+5000
Donald Trump Jr.+5000
Kanye West+5000
Mark Cuban+5000

Odds as of March 1 at Bovada

Why Kamala Harris Is The 2024 U.S. Presidential Election Odds Favorite

There are a lot of moving parts and perhaps conflicting factors in why Kamala Harris is the favorite in 2024 U.S. presidential election odds. She’s currently the vice-president with Joe Biden, who won the 2020 U.S. presidential election and is beginning his first term at the White House.

Harris would be the favorite primarily due to Biden’s age. The new president turned 78 in November and would be 82 by the time the 2024 election comes around. Nobody should want to see Biden have any health issues, but the reality is that a man of that age is more prone to health scares. As it stands, Biden is the oldest person ever to win the U.S. presidency.

That’s the only reason Harris should be the favorite because if Biden is fit and able, he’s certainly going to run again in 2024 with Harris as his VP. So, if you think the Democrats will get two terms and win the 2024 U.S. presidential election, put your early money on Biden at +550.

Could Donald Trump Win The 2024 Election?

Yes, Donald Trump Sr. could certainly win the 2024 presidential election for two reasons. The first one is that he still has eligibility to be the POTUS again because he has only served one term in the White House. The second is the general support Trump garnered during his four years as the U.S. president. 

The 2020 election wasn’t an overwhelming victory for Joe Biden and the Democrats. Trump won a lot of states in 2020 that he won in 2016, like Ohio and Florida. Even though he didn’t win the popular vote in either election, his performances in other key states show that he could be a legit contender in 2024. At +800, the odds are worth considering should he run again. 

However, the elephant in the room with Trump’s election odds for 2024 is the assault on the Capitol Building. The majority of the people involved in the attack were Trump supporters who’d attended a nearby rally. Regardless of your political leaning, that moment in history has left a bad taste in a lot of people’s mouths and could be the key factor for undecided voters who typically swing U.S. elections.

Many believed Trump would announce that he was running again in 2024 on the same day Biden was inaugurated on January 20. However, that didn’t happen. The 45th POTUS made his first speech five weeks after the inauguration and asserted he would not be starting a rumored third political party and that he just may run in 2024.

If he decides not to run, his son, Donald Trump Jr. (+5000), could likely take the reins on a presidential campaign. He was on the campaign trail for nearly all of his father’s time at the White House and could rally Trump Sr.’s base should the elder Donald decide not to run again in four years.

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 first thing you need to do is sign up at an online sportsbook of your choice that offers 2024 U.S. presidential odds. After the sign-up process and depositing some money to bet with, you have determined you want to bet on a potential candidate. The betting odds should be listed similar to this:

  • Kamala Harris +240
  • Joe Biden +650
  • Donald Trump Sr. +800
  • Mark Cuban +2500

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

Now, if you believe that Joe Biden will win the 2024 U.S. presidential election, you bet $100 on that option and he’s re-elected in 2024, the sportsbook would give you back $750 – your initial bet of $100 is returned and you are rewarded with $650 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.