The world of US politics is never far from the headlines. With Americans going to the polls once again this year, US presidential election betting is heavily in the spotlight. The country will vote for its next leader in November.
Before the polling for the main event, primary elections to determine the party candidates happen across the country. Following party nominations, the candidates then hit the election campaign trail to try to secure the votes they need to get into the White House. It all brings the US presidential election 2024 odds a wide range of options for a bet on politics into focus.
Current Favourite in US Presidential Election 2024 Odds
Former President Donald Trump is the current favourite in the US presidential election 2024 betting odds. The Republican has shifted into the position as an odds-on favourite as he looks to take up the hot seat again.
Despite a swathe of legal battles, Trump has remained at the forefront of the Republican voter base and was dominant in early-party voting in Iowa and New Hampshire, gaining ground to win the Republican nomination ahead of Nikki Haley.
The incumbent, President Joe Biden, recently withdrew from the upcoming election, opening up new interesting aspects for our election betting odds. Despite beating Trump in the 2020 election, he will not be looking to do the same in this year’s big election
Candidacies
While there was a big list of names in the early race for the Republican nomination, challengers to Trump quickly fell by the wayside. Ron DeSantis, Vivek Ramaswamy, and Chris Christie all dropped out, leaving only Nikki Haley as a potential challenger to run on the Republican ticket.
With Joe Biden dropping out, his Vice President Kamala Harris has become the favourite Democratic candidate to win it, although the Democratic Party hadn't gotten as far into their nomination process as the Republicans had so early in the year. Michelle Obama, Hillary Clinton and Gavin Newsom, however, are both long-priced Democratic nomination options.
Who Will Be Back in Office?
Since 1980, Ronald Reagan, Bill Clinton, George W. Bush, and Barack Obama have all won back-to-back elections, but that won’t be the case in this election, considering Biden’s withdrawal from the race.
So it is generally perceived that the incumbent president holds an advantage, but the current US presidential election 2024 odds turn that on its head, with Trump running as the outright favourite. Trump was in office from 2017 to 2021, and projections early in 2024 have him set to make a return.
Presidential Election Betting Predictions: Harris vs Trump
A rematch between Donald Trump and Joe Biden looked very likely, but with Biden dropping out, Vice President Kamala Harris is the current frontrunner according to the odds.
While Biden's biggest struggles throughout his tenure have largely been locked into economics, an improvement in that area during 2024 could gain the Democratic Party, including potential Democratic nominee and current Vice President Harris some sentiment at the polls in November.
Trump, meanwhile, has a fantastic base that will follow him to the polls. The way that voters supported him in early 2024 primaries and caucuses is an indication of the power that he has over a certain section of the voting demographic.
Many leading polls from the likes of Ipsos and YouGov had Trump well ahead by several points in the polls at the end of January. As always with elections, it is the swing votes that will ultimately have the final say. They pulled towards the left four years ago, but things could easily shift, as history has shown.
In the last ten US presidential elections, there has been an even split of five wins by a Democratic and five by a Republican. You can follow the action on election day with live odds at NordicBet.
US Presidential Election Betting Markets
The USA presidential election betting is largely focused on which name will be sworn into the White House in January 2025. The US Presidential Election 2024 winner market is, therefore, the most popular of these political betting arenas, but not the only one.
- Democratic Candidate: the pick of which Democratic Party nomination will be on the presidential ballot.
- Republican Candidate: the person who wins the Republican Party nomination.
- Winning Party: US politics always boil down to a two-horse race between the Democratic and Republican parties.
- To Win the Most Votes: The most votes in the US election do not guarantee a victory. Members of the Electoral College award electoral votes to the candidate that was selected by their state's voters. Certain states award more of those electoral votes than others.
- Vice President Nominee: The nomination for each party has to name a running mate in their election bid, and that person would become the Vice President. Joe Biden nominated Kamala Harris as his vice president nominee in the 2020 US election and became the first woman to hold the position.
Why Bet on the Presidential Election at NordicBet
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Whether you are on our main website or following the latest US elections on our mobile platform, you can make your selections with the peace of mind of having our superb customer support team available 24/7.
Our US election markets are extensive, and our coverage of betting on politics also extends to elections in other countries.
FAQs
When did Joe Biden become president?
Joe Biden is the 46th US President of the United States and took office in the White House on January 20, 2021.
What is the 'Popular Vote' market in USA presidential election betting?
The 'Popular Vote' is the candidate that receives the most votes in the election, but that doesn't guarantee a win, as in the case of 2016, when Hillary Clinton won more votes than Donald Trump but lost the election. The Electoral College ultimately decides the winner.
When is the 2024 US election?
The official date is Tuesday, November 5th, 2024, with the winner sworn into office in January 2025.
Is it legal to bet on the US election?
Completely, yes. Use our trusted, secure, and licenced betting site to place a bet on politics.