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2024 Presidential Election Odds: Trump Favored To Win

Donald Trump is favored in the 2024 Presidential Election Odds.

We are quickly approaching the 2022 midterm elections, presenting Americans their first opportunity to show their feelings toward President Joe Biden and Vice- President Kamala Harris. In early 2021, Vice-President Harris was the betting favorite in 2024 U.S. presidential odds but now Donald Trump, the 45th POTUS, is the chalk.

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Online sportsbook Bovada has the 2024 presidential odds with Donald Trump as the +250 favorite. He is followed by Biden at +450, Ron DeSantis at +600, Harris at +700 and Nikki Haley at +2000 to round out the top five names on the oddsboard.

Using our online sports betting calculator, Trump’s odds of +250 to win the 2024 U.S. presidential election represent an implied win probability of 28.57 percent. Furthermore, if you were to wager $100 on a winning Trump bet, you would profit $250.

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

Odds To Win the 2024 U.S. Presidential Election
CandidateOdds
Donald Trump+250
Joe Biden+450
Ron DeSantis+600
Kamala Harris+700
Nikki Haley+2000
Pete Buttigieg+2000
Mike Pence+2500
Michelle Obama+4000
Alexandria Ocasio-Cortez+5000
Candace Owens+5000
Dwayne ‘The Rock’ Johnson+5000
Elizabeth Warren+5000
Josh Hawley+5000
Kristi Noem+5000
Mike Pompeo+5000
Tucker Carlson+5000
Hillary Clinton+6600
Ted Cruz+6600

Odds as of January 13 at Bovada

You can keep track of the Presidential Election odds at our political futures page for the most current, up-to-date odds in an ever-changing landscape. 

Why Is Trump Favored In 2024 U.S. Presidential Odds?

Why or how Trump is the chalk in U.S. presidential odds is probably a question on the minds of many people, considering all the turmoil and stress that was a constant during the Donald Trump administration. 

In the 2020 election, Biden won 306 seats and garnered 51.3 percent of the popular vote to Trump’s 232 seats and 46.9 percent of the popular vote. That represents the tightest Democratic victory since Jimmy Carter won just 297 seats in 1976 before Republican Ronald Reagan won in a landslide in 1980 with 489 seats. Could history repeat itself?

Indications Of A Republican 2024 President

Heads turned in early November 2021 when Republican Glenn Youngkin beat Democrat Terry McAuliffe in the Virginia gubernatorial election to become the first Republican Virginia governor since 2009. That’s a state Biden won by over 10 points a year ago – major red flag.

There has also been growing frustration among Democrat supporters over the lack of action or a plan nearly a year into the Biden presidency. The big push was for an infrastructure bill that was originally slated to be worth $3.5 trillion and was finally settled upon at $1.2 trillion. The progressive caucus of the Democratic party folded after saying it would vote down the bill unless a reconciliation bill was passed at the same time.

Furthermore, many of the elements that President Biden had promised would be part of the bill ended up not being included, among them increased medicare for seniors, an increase in the minimum wage and a focus on child care help. As a result, Biden’s ratings have plummeted.

An October USA Today/Suffolk poll showed that 66 percent of Americans thought the country was on the “wrong track.” These factors suggest the path is being paved for Trump to win the 2024 election if the Democrats don’t put in a plan of action to right the ship.

2022 U.S. Midterm Election Props

This year will be an important one with midterm elections taking place and may give us a better sense of what’s to come in 2024. At this point, the Republicans are favored to control the Senate and win the House, an ominous outlook for the Democrats.

Which Party will control the Senate after the 2022 midterm elections?
PartyOdds
Republican-250
Democratic+185

Odds as of January 13 at Bovada

Which Party will Win the House after the 2022 midterm elections?
PartyOdds
Republican-450
Democratic+300

Odds as of January 13 at Bovada


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 (+) indicates 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.