Joe Biden likely to hold White House in 2024 US Presidential Elections

2024 Presidential Election Odds: Joe Biden Favored To Keep White House

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

Odds To Win US Presidential Election 2024
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. 

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.

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:

Underdogs That Won US President Election
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.