The 2024 US Presidential Election seems like it's going to be a rematch between Joe Biden and Donald Trump. Biden leads the 2024 election oddsboard at +170 while Trump is right behind his nemesis for the White House at +175.
Both men are also favored to be named the nominee for their respective parties. Biden leads the Democratic Nominee's odds at -330. Trump leads the Republican Nominee's odds at -280.
2024 US Presidential Election Odds
| Team | Odds |
|---|---|
| Joe Biden | +125 |
| Donald Trump | +250 |
| Ron DeSantis | +450 |
| Kamala Harris | +2500 |
| Robert Kennedy, Jr | +2500 |
| Gavin Newsom | +3500 |
| Tim Scott | +5000 |
| Tucker Carlson | +6500 |
| Pete Buttigieg | +7500 |
| Gretchen Whitmer | +8000 |
| Brian Kemp | +10000 |
| Chris Christie | +10000 |
| Mike Pence | +10000 |
| Bernie Sanders | +15000 |
| Kristi Noem | +15000 |
| Ted Cruz | +15000 |
| Ivanka Trump | +17500 |
| Michael Bloomberg | +17500 |
| Amy Klobuchar | +20000 |
| Dwayne Johnson | +20000 |
| Elizabeth Warren | +20000 |
| Elon Musk | +20000 |
| Greg Abbott | +20000 |
| Josh Hawley | +20000 |
| Larry Elder | +20000 |
| Marco Rubio | +20000 |
| Tulsi Gabbard | +20000 |
| Alexandria Ocasio-Cortez | +25000 |
| Ben Carson | +25000 |
| Candace Owens | +25000 |
| Condoleezza Rice | +25000 |
| Donald Trump Jr. | +25000 |
| Kim Reynolds | +25000 |
| Mitt Romney | +25000 |
| Tom Cotton | +25000 |
| Beto O'Rourke | +30000 |
| Jeff Bezos | +30000 |
| Joe Rogan | +30000 |
| Paul Ryan | +30000 |
| Bill Gates | +50000 |
| Chelsea Clinton | +50000 |
| Eric Adams | +50000 |
| George Clooney | +50000 |
| Howard Stern | +50000 |
| LeBron James | +50000 |
| Mark Zuckerberg | +50000 |
| Meghan Markle | +50000 |
| Oprah Winfrey | +50000 |
| Sherrod Brown | +50000 |
| Stacey Abrams | +50000 |
| Jared Kushner | +100000 |
| Lindsey Graham | +100000 |
| Mitch McConnell | +100000 |
| Asa Hutchinson | - - |
| Ben Sasse | - - |
| Bobby Jindal | - - |
| Charlie Baker | - - |
| Chris Sununu | - - |
| Dan Crenshaw | - - |
| Dean Phillips | - - |
| Deval Patrick | - - |
| Devin Nunes | - - |
| Doug Burgum | - - |
| Eric Garcetti | - - |
| Eric Holder | - - |
| Eric Trump | - - |
| Francis X Suarez | - - |
| George P. Bush | - - |
| Grant Cardone | - - |
| Howard Schultz | - - |
| Jamie Dimon | - - |
| Jeb Bush | - - |
| Jeff Flake | - - |
| Joe Kennedy III | - - |
| Jon Ossoff | - - |
| Jon Stewart | - - |
| Kari Lake | - - |
| Katie Porter | - - |
| Kayleigh McEnany | - - |
| Kevin McCarthy | - - |
| Kimberly Guilfoyle | - - |
| Kirsten Gillibrand | - - |
| Lara Trump | - - |
| Larry Hogan | - - |
| Lauren Boebert | - - |
| Marjorie Taylor Greene | - - |
| Mark Kelly | - - |
| Matt Gaetz | - - |
| Maura Healey | - - |
| Michael Bennet | - - |
| Michael Flynn | - - |
| Mike Pompeo | - - |
| Nancy Pelosi | - - |
| Perry Johnson | - - |
| Rand Paul | - - |
| Rashida Tlaib | - - |
| Ryan Binkley | - - |
| Sarah Palin | - - |
| Sean Hannity | - - |
| Susan Collins | - - |
| Tammy Baldwin | - - |
| Tammy Duckworth | - - |
| Tim Ryan | - - |
| Tim Walz | - - |
| Tom Steyer | - - |
| Tommy Tuberville | - - |
| Val Demmings | - - |
| Wes Moore | - - |
| Will Hurd | - - |
Odds as of May 11th, 2023 07:54am EDT. |
2024 U.S. Presidential Odds: Joe Biden's Popularity
Joe Biden's approval rating has moved up in a number of key areas. According to Gallup, Biden's overall rating jumped up two percentage points to 42%. His handling of the war in Ukraine is at a 47% approval rating (up from 46%). And his rating on the economy jumped five percent to 37%.
You don't need to be a mathematician to notice the disapproval rate is higher than the approval rate. That could be Biden's undoing.
But on the other side of the coin, there are some key indicators that Biden's policies, such as the Inflation Reduction Act, are working.
He's been able to get inflation under some control. The Fed (and most central banks) aim for 2% inflation. At the time of writing, the inflation rate in the US is 3.18%. Compare that to 9.06% just over a year ago now.
He's got the left side of the vote locked up. But can he convince enough moderates and even a few righties that he's the person to continue leading the nation?
2024 President Elections: Republican Squable
On the talk of locked up. Donald Trump, who is favored to win the Republican Nomination, is facing the possibility of being locked up himself.
BREAKING: The mug shot of former President Trump has been released by the Fulton County Sheriff’s Office. https://t.co/CJO8Gr2S0A pic.twitter.com/fL4OEV8OU2
— NBC News (@NBCNews) August 25, 2023
Trump will be allowed to run for office even if he's arrested. Getting arrested might make him even more popular than ever. It's the kind of "me versus them" conflict that fueled his political career all the way to the White House in 2020.
It's why he's the favorite to win the Republican nomination and why he's hot on the heels of Joe Biden.
Can he be challenged from within his own party? At this point, it seems unlikely.
Challenger Rob DeSantis has fallen off. Hard. In February of 2023, the Florida Governor was only three percentage points back of Trump according to FiveThirtyEight, but since, he's dropped all the way to 15% vs. Trump's 52%.
His performance at the debate didn't help him in the slightest. He was tame and barely stood out other than this painfully awkward smile.
It is quite strange how DeSantis is unable to smile normally. pic.twitter.com/dKcxcKBxs2
— JON DEE (JonDee.com) (@JonDeeOz) August 24, 2023
Why he's falling isn't quite clear. Some say it's DeSantis's hardcore conservative ideals. While there's probably some truth to that, it's not as if Trump is some sort of centrist in the Republican Party.
All that to say, Trump is likely going to be unchallenged as the Republican nominee. And will likely face off against Biden again. Someone who's defeated him before in a Presidential election. Again, I like Biden's chances to retain his job in 2024.
US President Odds: Favorite Usually Wins
While Donald Trump is currently the underdog to win the 2024 Presidency, that won't faze him one bit. Trump is one of only four people to win the White House as the underdog since 1916:
| Election | Underdog | Favorite |
|---|---|---|
| 2016 | Donald Trump (+375) | Hillary Clinton (-550) |
| 1976 | Jimmy Carter (+100) | Gerald Ford (-120) |
| 1948 | Harry Truman (+1500) | Thomas Dewey (-1800) |
| 1916 | Woodrow 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.
