Online gaming sites saw record betting on the 2024 U.S. presidential election. In fact, it was the most-wagered political event ever, with the odds on the presidential election 2024 due to break that record.
The 2024 Presidential election is due to be one of the most explosive of all teams, as the Democrats gear up to try and stop a second term for Donald Trump and the Republicans.
Even though the Democratic party has been around longer than the Republican party, there have only been 14 Democrat presidents. The odds for the midterm elections were last updated on September 8, 2023:
|US Presidential Election 2024|
|Donald Trump Sr.||+200|
A female client lost more than $650,000 on a single bet on Democrat nominee Hillary Clinton to win the election, a U.K. bookmaker said. Another venue reported of a London bettor wagering $265,000 on Republican hopeful Donald Trump. The winning ticket returned almost $1 million after the surprising result of Trump’s victory.
It makes one wonder what could be won on the next American president odds this year. With so many political betting opportunities on offer, it’s a hard market to ignore.
There have been 19 Republican presidents since Abraham Lincoln first ran as a Republican to win the presidency in 1861.
Who will be in the White House when voters return to the polls in 2024 (odds provided by Betonline). There have been 19 Republican presidents since Abraham Lincoln first ran as a Republican to win the presidency in 1861.
Another popular betting line as we approach election day in November there is a growing number of prop bets and new markets available to bettors. Another popular market is the 2024 US Senate elections, which will be a very close contest as the third of November approaches.
There is a list of just 7 remaining candidates as we look to the Las Vegas odds for the 2024 presidential election. The odds range from -110 on Donald Trump to +10000 on Republican candidate Nikki Haley.
A $100 money line bet on Trump to remain in the Oval Office would return $190 ($100 bet + $90 profit = $190 total return). The same amount wagered on the Republican Nikki Haley would return $10,100 ($100 bet + $10,000 profit = $10,100 total return). Some other notable names in the mix for the US President odds include Former Vice President Joe Biden (+125), Senator Hillary Clinton (+2000), Governer of New York Andrew Cuomo (+3300), Vice-President Mike Pence (+4000), Michelle Obama (+10000) and Nikki Haley (+10000).
If you can’t find a favorite among those names, there’s a much smaller list with less reward as well. While Trump is the favorite among the big names, Democrats are favored overall to regain the White House in 2024. The Democrats are -105, while the Grand Old Party is -118.
A $30 bet on the Democrats would earn a return of $58 ($30 bet + $28 profit = $58 total return), while a $30 bet on the Republicans would earn a $55 return ($30 bet + $25 profit = $55 total return).
These political odds will change as the November 2024 election draws closer. Some people will drop out of the race, others will find themselves on the outside looking in. Just remember, when you make your bet, your odds are fixed at that point in time. The odds were last updated on July 19, 2022:
It’s been an undeniably rocky first term for Donald J. Trump, which has drastically affected the odds of the next president. But, as we enter the last few months leading up to election day, we can expect to see the greatest fluctuation in the market.
The 2024 election will be the 60th quadrennial U.S. presidential election. Voters will select presidential electors who in turn will either elect a new president and vice-president through the electoral college or re-elect the incumbents.
President Trump is eligible to run for re-election and intends to do so. His re-election campaign has been ongoing since his victory in 2016, leading pundits to describe his tactic of holding rallies continuously throughout his presidency as a “never-ending campaign.”
The last three presidents were all voted into the second term in office — Bill Clinton (1992-2000), George W. Bush (2000-2008) and Barack Obama (2008-2016).
However, contrary to a widely held popular belief, political history doesn’t anoint incumbent presidents as automatic winners or even presumptive favorites. The numbers show that most presidents fail in their efforts to maintain a long-term hold on the affections of a fickle public.
Of the 43 men who served as president before the current leader, only 16 won two consecutive elections (37.2%). Trump’s odds aren’t looking so good anymore, are they? But, for now, he remains the favorite (-110) to lead the country in the Presidential odds at Bovada.
Betting on the person to lead the nation for the next four years is just one of the many bets offered on online sites. This is the Super Bowl of politics. And, more than ever, voters want to throw some money behind their vote.
Some of the categories you will find in presidential election betting lines include placing bets on the outcome of the primaries, the presidency, the popular vote, and even some prop topics such as gender. Among these betting lines, there are also varying betting categories.
The types of odds will vary from market to market; from the odds to be the next president to the odds on election betting, it varies a lot – and that’s without mentioning political prop betting! Election betting is very popular during certain periods of the year, but right now it’s all about the presidential election. Either way, here’s a breakdown of the lot to make things easier for you:
This bet will involve beating a spread relating to the number of electoral votes, which is based on the Electoral College structure within the election process. To become president, a candidate must receive a majority of the electoral votes (since 1964, 270 of the 538 electoral votes).
In this type of bet, you are trying to determine if a candidate will come in over or under a specific number of predicted votes. The odds and amount of votes will vary from candidate to candidate and are based on that individual’s standing within the election.
Money line odds covering the primaries will be offered for each party represented in the election. You are betting on who will win the nomination from each political party. It is not uncommon to see the handicapped and over/under options available for presidential party primary betting lines leading up to Election Day.
An election is won state by state. Here, odds are offered for a particular candidate to win a specific state from New York to California and Alaska to Florida. As the election progresses, the number of betting lines and odds covering specific state results increases to include smaller states.
A candidate can win the popular vote and still lose the election. We saw this when Hillary Clinton beat Barack Obama in the primary for the popular vote but lost to him when it came down to the Electoral College count. When you’re betting on the popular vote, you need to figure out who is most favored by the voters rather than who is going to earn the highest Electoral College count.
In order to be elected president, the candidate must fulfill three basic criteria — be at least 35 years of age, be a permanent U.S. resident for at least 14 years, and be considered a natural U.S.-born citizen.
John Kennedy was the youngest elected U.S. president at 43. Ronald Reagan (second term) was the oldest elected U.S. president at 73. There have been more than 200 women who have run for the position of president, according to PBS. These are mostly nominees of minor parties and candidates who ran for president before women achieved suffrage.
Hillary Clinton formally became the first woman to receive a major party nomination after the Democrats named her as their candidate for the 2016 presidential election.
In 2000, Al Gore won the popular vote but lost the election to George Bush. In the most highly contested election in modern history, the U.S. Supreme Court stopped the Florida recount of ballots, giving Bush the state’s 25 electoral votes for a total of 271 to Gore’s 255.
Betting on who will win the Democrat nomination is as old as the election itself. With today’s statistical tools, scientific polls, and social media, it should be easier than ever to make an accurate prediction of who will come out on top in the Democratic primary. Top online gaming sites — like Bovada, GTBets, and Betonline — offer a list of prop bets on the primary.
Some of those money line wagers include:
In addition to these various betting lines, you will also find additional bet variations online, such as handicapping and over/under bets.
No federal gambling laws prohibit U.S. residents who are 21 years old or older from participating in legally licensed and regulated online betting that is offered by online sportsbooks that are located outside of the United States.
Unless you live in the state of Washington, there are no state laws to stop you from betting on who will win the Democrat nomination or any other part of the U.S. election at legal offshore sportsbooks.
Licensed offshore betting sites are embracing the popularity of political platforms, polling, and predictions.
They offer the biggest variety of wagering options ever and gamblers are jumping on the bandwagon, whether it’s involving the Democrats or Republicans.
Donald Trump certainly didn’t start out as the frontrunner in the 2016 Republican primary. The favorites included Chris Christie, Jeb Bush, and Scott Walker. Trump eventually worked his way to the top in what was just the beginning of his many surprises on the way to the White House.
Betting on the primary is just one of the betting options for a Republican candidate. Here is a list of some of the others:
In addition to these various betting lines, you will also find additional bet variations online, such as handicapping and over/under bets.
Like the Kentucky Derby, there will be a lot of horses in all of these races. The billionaire businessman from New York proved in 2016 that you don’t have to be the favorite to reach the winner’s circle.
Long before the political betting odds really heat up, there are a variety of Futures available. If you bet on Donald Trump to be president for two terms, you’d be feeling pretty good going into the November election. A futures bet constitutes an event that takes place in the future – it’s as simple as that.
Political prop bets are becoming increasingly popular, as the demand for a broader range of betting odds grows. Prop bets offer a unique market, a kind of game within the game. Will Donald Trump be impeached? What color will Ivanka Trump wear at Thanksgiving? Expect to see these types of prop bets in political betting.
Principally, there are two types of elections in the U.S. political system – those are the primary elections and general elections. The primary elections are there to nominate someone to run in the general elections, which is followed by general elections held to choose among candidates nominated in a primary for federal, local or state office positions.
Very much so. In fact, in recent years political betting has been on the rise, with bettors across the globe betting on the outcomes of their own nations as well as looking at international markets. The popularity and drama surrounding U.S. politics, draws in bettors worldwide.
General elections come around once every four years. A president is allowed to stay in office for 2 terms, which is 2 consecutive four-year terms. There are a number of primaries and general elections to keep entertained in between the presidential elections.
A caucus is a local meeting where registered members of a political party in a town, city or county gather to vote for their preferred party candidate and conduct other party business. They are normally used in combination with a state convention to elect delegates for the possibility of presidential elections.
The midterm elections are there to establish congressional representatives. They aren’t in place to elect a president. Every couple of years Americans must elect members for the U.S. House of Representatives to two-year terms and one about on-third of the U.S. senators serve six-year terms. Voters are also responsible for selecting officials to state and local government posts.
The dates for primary elections or caucuses are always decided by state and local governments. As such, it’s important how early candidates begin campaigning and how they decide to spend their campaign funds, in both primary and general elections.
The U.S. government has a dated system, meaning that although the country is quite young there are still only two political parties. These are the Democrats and Republicans.
In order to take part in elections, American citizens must be 18 years or older to be able to register to vote. Votes must be cast before the deadline and meet state requirements regarding the method of voting.
Another very important part of U.S. politics, the Electoral College is a group designated by states to cast votes on behalf of the citizens of the state. These votes contribute during the U.S. elections and are very important. The members of the Electoral College are chosen on the day of the general election.
General elections are always held on the first Tuesday after the first Monday of November. For the 2024 elections they will be held on Tuesday the 5th of November.
Chris Wassel is a skilled scribe who possesses a fervor for both sports and entertainment. Boasting a journalism background and over two decades of experience, he has crafted pieces that encompass a diverse array of sports including hockey, basketball, football, and others. His writing is characterized by its lucidity and sharpness, and provides a unique viewpoint on entertainment and political matters. While Chris primarily focuses on sports writing, he also writes about a wide range of subjects.