Presidential Election Betting Odds 2024: Kamala Harris Vs. Donald Trump
Election Day in the United States is now less than two weeks away. Current Presidential Election odds see Donald Trump as the favorite. Trump was -145 with a 59% implied probability as of October 25. Harris odds show her at +127 with a 44% chance. Harris had been a slight favorite prior to the last couple of weeks. Election Day is Tuesday, November 5.
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Election Odds (October 25)
Here is a look at the US Election odds for 2024. Donald Trump presidential election odds are currently at -145. Kamala Harris election odds are +127. View presidential election betting odds and percentage chances to win for those candidates below.
| Candidate | Presidential Election Odds | Implied % |
| Donald Trump | -145 | 59% |
| Kamala Harris | +127 | 44% |
| Gavin Newsom | +9900 | 1% |
Republican and Democrat 2024 odds
FanDuel also allows bettors to wager on the winning party for 2024. Here are the current election odds for each major party.
- Republicans: (-110)
- Democrats: (-110)
- Independent: (+2000)
Current political landscape
Donald Trump and Kamala Harris are on a collision course in 2024 after Joe Biden announced he would not seek re-election. The Democratic Party received a seismic jolt of optimism in the days that it was learned that Harris would be the nominee and not Biden.
Harris formally become the Democratic nominee for President on August 22 at the Democratic National Convention. The former California attorney general had slightly better odds of becoming President than Trump in August and September.
Harris surged after what was widely regarded as a strong debate performance in early September. Trump got a slight boost in early October after his Vice Presidential pick, JD Vance, had a strong debate showing against Tim Walz.
Here is the full list of one-term presidents and their tenures in office. It is a list that Biden will soon be added to:
- Donald Trump, 2017-2021
- George H.W. Bush, 1989-1993
- Jimmy Carter, 1977-1981
- Gerald Ford, 1974-77
- Herbert Hoover, 1929-33
- William Howard Taft, 1909-13
- Benjamin Harrison, 1889-93
- Martin Van Buren, 1837-41
- John Quincy Adams, 1825-29
- John Adams, 1797-1801
Can Donald Trump run again in 2024?
Yes, Donald Trump can run for re-election in 2024.
Only Grover Cleveland has served two non-consecutive terms as president in US history, serving his first from 1885-1889 and his second from 1893-1897. Despite the fact that Trump just got the second-most votes for a presidential candidate in US history, there is one big reason why he may have an uphill climb to secure a third nomination from the Republican Party.
In June of 2024, Trump will turn 78 years old. That would make him the oldest major-party presidential candidate in US history, setting him up to push 83 when his potential second term would end.
Election betting explained
Books often refer to markets on these contests as “futures.” That’s because they settle the bets months or years into the future.
The lines on this event are called moneylines or straight bets. That means you’re simply picking a winner of the contest, with the margin of victory and other elements irrelevant for these purposes.
Using the 2020 presidential election as an example, UK books liked Trump as a strong contender. They started him out at +100 or “even money” then moved him to -150 throughout the cycle. His odds rounded out at +150.
That means if you put $100 down at the first opportunity, you would have doubled your money exactly had he won. When his odds moved to -150, you would have had to wager $150 to make $100 in profit. At +150, you’d get a $150 payout on a wager of $100.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win What to monitor: polling data
Polling data is fluid and changes over the course of an election. In the early stages, candidates with the most name recognition tend to poll the strongest. That’s why in 2020, on the Democratic side, former VP Joe Biden and 2016 candidate Bernie Sanders were early polling front-runners.
As lower-tier candidates with difficulty fundraising drop out of the race and TV debates start crystallizing (or galvanizing) voter opinion, the numbers consolidate around one-to-two front-runners heading into the primaries.
For simplicity purposes, monitor two well-respected polling aggregators:
- Real Clear Politics: Consolidates and links to the most respected polls.
- FiveThirtyEight Polls: Does the same but presents the information in a different way.
Top 2024 US Presidential Contenders
Democrats
In US history, no major party has ever failed to renominate an incumbent for reelection when he’s been eligible for another term. UK books initially felt that the Democrats would break that tradition in 2024, however, nominating Vice President-Elect Kamala Harris instead. Gavin Newsom is the current favorite to lead the Dems if Biden doesn't run.
Republicans
While Donald Trump is the frontrunner at sportsbooks right now, former South Carolina governor Nikki Haley is the next top contender. After that, the field contains Vivek Ramaswamy and Ron DeSantis.
2024 Presidential betting tips
Regarding presidential elections, the candidates who most ideologically represent the opposite end of the spectrum often fare the best. For example, Barack Obama and Donald Trump were about as different as possible.
That’s usually following a two-term president, however.
Watch candidates’ fundraising and polling as the cycle nears. That will be an indicator of which candidates to back at the books.
Can you bet On The Election in the US?
You cannot legally bet on elections using regulated online sportsbooks in the US. Election odds are only a regulated market at Ontario online sportsbooks.
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