US Presidential Election Odds: Betting On Next American President
The 2024 US presidential election will take place on November 5. Voters in each state will be choosing a state of electors to the Electoral College, who will then elect the next American president and vice president for the term of four years.
The main candidates are Republican Donald Trump and Democratic nominee Kamala Harris. She has recently replaced Joe Biden who dropped out of the race due to health issues among other reasons.
US Election Odds 2024
The current odds give Trump a 58% chance of winning against Harris’ 47%. Odds on Trump winning election are
1/2
. Kamala Harris odds to be the next president are
7/4
.
As for the parties, the Republicans are the favourites at
12/25
ahead of Democrats with
9/5
.
Below is the table with the full list of candidates and their odds of winning the US presidential election.
Odds on next US president
Donald Trump’s Odds to Win the Elections
Trump currently stands as the main favourite in the presidential race. His odds of winning soared after the assassination attempt that took place on July 13 in Pennsylvania. A bullet almost killed the candidate, missing him by less than an inch. Prior to the shooting, Trump’s odds of winning were 8/15, but shortly after they slashed to 4/11.
Trump has announced that his vice presidential running mate is JD Vance – a senator from Ohio.
In his presidential campaign, Trump promises to undertake the largest domestic deportation operation in American history and reinforce the US-Mexico border, to introduce a system of tariffs on most foreign goods and become a mediator to stop the conflict between Russia and Ukraine.
Kamala Harris’ Odds to Become the Next US President
Kamala Harris entered the election race in the end of July after Joe Biden ended his re-election bid. An extraordinary and unexpected decision made the race for the White House look even more dramatic.
Harris is the first female, first black person and a person of South Asian descent to serve as vice president in the history of the United States. Now she has all the chances to become first female US president with 11/10 odds to win (Bet365).
Harris is yet to announce her vice presidential running mate. Her main candidates are Pennsylvania governor Josh Shapiro and Minnesota governor Tim Walz. Before the pick, there was a swing of odds, with bookmakers giving Harris’ higher chances of becoming the next president now than in the start of her campaign.
In case of winning, Harris promises to strengthen the middle class, focus on climate change issues and continue to support Ukraine financially.
US Presidential Election Polls
According to the most recent opinion polls, more Americans support Harris than Trump. SurveyUSA poll on August 4 showed that 48% support Harris against 45% voting for Trump. Polls’ results slightly contradict the bookmakers’ predictions, who still favor Trump.
Were Past US Presidential Elections Betting Odds Accurate?
Since 1866, the betting favourite in the US presidential race has only lost twice. In all other cases, bookmakers had been right in identifying the winner.
In 1948, Democratic nominee Harry Truman unexpectedly won with only 8/1 odds to defeat Republican Thomas Dewey.
In 2016, Donald Trump entered the White House despite bookmakers’ 7/2 odds to beat Hilary Clinton.
Biggest betting event of all time
Last US presidential election in 2020 was a truly record-breaking event for the bookmakers, with a tremendous £1-million bet placed on Joe Biden’s victory. The player won, bagging £1.54 million.
Overall, a total of 1 billion pounds was wagered globally across the industry. Let’s see if this year the sum will be even higher.
How to bet on US presidential election?
Betting on the next American president can be an exciting way to engage with politics, but it requires careful consideration. Research the Candidates and Parties: follow the news, watch debates and track polls. You need to know the key betting markets: for example the most straightforward bet—who will win the presidency. But you can also bet on which candidate will win specific states or the total number of electoral votes they will receive.
By using reputable platforms like Bluefox, Betfred and Bet365 you can always find a nice betting option. To place your bet on presidential election you need:
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to sign up first;
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deposit funds;
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navigate to the "Politics" or "Specials" section where U.S. election markets are listed;
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choose the market you’re interested in;
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enter your stake;
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confirm your bet.
With a minimum deposit of £10, Unibet offers a welcome bonus of £40 as a refund on your first losing bet. Meanwhile, 10Bet often provides a 50% bonus on the first deposit, up to £50. Bet365 offers a bonus in the form of bet credits, which can go up to £30 after making a minimum deposit and qualifying bet.
US presidential election betting sites
Most politics betting sites offer the main bets on the overall election outcome, with the most interesting odds available on Unibet and 10Bet. Meanwhile, Bet365 or Bluefox provide different angles for betting. For example, they allow betting on a candidate or party winning in "swing states" like Arizona or Nevada.
One of the biggest betting sites in the UK. They provide a lot of betting options, focusing on football and horse racing. The betting site allows the customers to choose some media and political events to bet on. This website has many bonuses and promotions.
This betting site provides many interesting markets, including politics and entertainment. You can always find hundreds of betting options to choose from. The website is available via mobile phone and desktop.
Many live betting options available. In the Pre-match section, you can choose from a wide range of events. Outrights are provided for all big tournaments. The betting site has a convenient interface, allowing their customers to place a bet from many devices.
A website with a convenient interface and many events available for betting. Alongside with the sports betting options, you can bet on some entertainment, TV, music and political events. The betting site is available for your laptop or smartphone.
One of the most renowned betting sites. They offer a huge range of betting options for many sports, horse racing and other events, such as politics and entertainment. Welcome bonus is available for new customers.
Overview of the presidential election process
The U.S. uses a presidential election system based on the Electoral College which differs from the UK that employs a parliamentary system with direct elections to Parliament. The American system is criticised for potentially allowing a candidate who receives fewer popular votes to win the election, as well as for high campaign costs and the influence of big money. However, it is praised for its complex system of checks and balances, which ensures power is distributed among different levels and branches of government.
One Year Before the Election: Candidates from parties begin campaigns, form teams, and raise funds.
— Campaign Start. Participation in televised debates to present their positions.
— Primaries and Caucuses. Internal party elections (starting in February) to select delegates for national conventions; key results from Iowa, New Hampshire, Nevada, and South Carolina.
— National Conventions. Parties officially choose their presidential and vice-presidential candidates.
— General Election. Voters cast ballots in November.
— Electoral College. Electors vote for candidates; 270 votes needed to win.
— Inauguration. The new president and vice-president are officially sworn in January.FAQ about US Election 2024
The 2024 US presidential election will take place on November 5, 2024. The next president is elected for a term of four years.
The main candidates are Republican Donald Trump with 8/11 odds of winning and Democratic Kamala Harris with 11/10 odds.
The Republican party are the favourites at 8/11.
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