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Bet Who Will Win: Analysis of 2024 Presidential Election Betting Odds

2024 Presidential Election Betting Odds

As the political landscape heats up with potential candidates eyeing the 2024 presidential election, sports betting sites in Europe have begun pricing up odds on who will emerge victorious. 

This report analyzes the betting odds from various platforms, providing insights into the current frontrunners and how their odds have shifted over time. We’ll examine the implied probabilities and the key factors influencing the dynamics of the betting market.

Let See Who Will Win The Presidential Betting Odds:

To start, let’s take a look at the latest betting odds for the Democratic and GOP nominations as of August 3:

Democratic Nomination:

  • President Joe Biden: 34.8%, 15 to 8
  • Robert F. Kennedy Jr.: 7.7%, 12:1
  • California Gov. Gavin Newsom: 6.7%, 14:1
  • Vice President Kamala Harris: 4.6%
  • Hillary Clinton: 1.5%
  • Elizabeth Warren: 0.9%
  • And others with lower probabilities

GOP Nomination:

  • Former President Donald Trump: 30.8%, 9 to 4
  • Florida Gov. Ron DeSantis: 6.7%, 14 to 1
  • Vivek Ramaswamy: 4.8%, 20 to 1
  • And others with lower probabilities

The betting odds reveal interesting trends in the 2024 presidential race. President Biden’s odds have seen a slight uptick, suggesting growing confidence among bettors in his potential candidacy. Meanwhile, former President Trump’s odds have remained steady, indicating consistent support among his base.

One noteworthy development is Attorney Robert F. Kennedy Jr.’s rise to the third spot in the Democratic nomination odds. Despite facing fierce competition from Harris and Newsom, Kennedy has shown resilience, garnering steady support from bettors.

A standout candidate is Florida Gov. Ron DeSantis, who has experienced a substantial fall in odds. Earlier this year, DeSantis had an impressive 24% chance of winning the presidency, but his odds have plummeted to a mere 5%. This decline could be attributed to doubts among bettors about the promised “reboot” campaign.

Factors such as candidates’ popularity, recent announcements of intent to run for the presidency, and their ability to resonate with voters can significantly influence betting odds. President Biden’s strong favorability among Democrats reflects the sentiment that he is the party’s best contender to face off against Trump or DeSantis.

The reduced activity on betting platforms can be attributed to regulatory measures. New York’s betting laws do not allow wagering on the 2024 presidential election, and this restriction could impact overall market dynamics.

Insights from Election Betting Odds:

Another betting platform, Election Betting Odds, run by John Stossel, offers similar odds for the Democratic and GOP nominations. Notably, Biden enjoys a dominant 69.9% chance to secure the Democratic nomination, leaving other contenders trailing far behind.

On the GOP side, Trump maintains a commanding 69.3% chance of securing the nomination, highlighting his strong position within the party. DeSantis trails at 9.1%, significantly lower than Trump’s lead.

The platform provides Democrats a 53.2% chance of winning the White House, while Republicans stand at 45.5%. This reflects a shift from last November when Republicans held a commanding 60% chance compared to Democrats’ 20%.

The betting odds for the 2024 presidential election offer a glimpse into the current landscape of potential candidates. President Biden’s position as the Democratic frontrunner remains strong, while former President Trump maintains his status as a dominant figure within the GOP. Kennedy’s rise and DeSantis’ fall indicate shifting sentiments among bettors.

As the race progresses, candidate announcements, popularity, and campaign performances will likely continue to influence the betting odds, making it a dynamic and closely-watched market for political enthusiasts and punters alike.

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