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How to Bet on the US Presidential Election 2024

by Daniel Price from
How to Bet on the US Presidential Election 2024

The 2024 United States presidential election is the 60th quadrennial presidential election and just a moment prior to this important event, we are explaining how to bet on the US Presidential Election 2024. The latest US Election betting odds are led by Trump available at 1.70 (-143) at bet365, whereas Kamala Harris can be backed at 2.25 (+125) at the moment. This situation is very dynamic and it is impossible to pick just one sure favourite, according to experts. We have already witnessed some dramatic changes in the election ahead of the voting: the resignation of Joe Biden to run for presidency again, the debate or the attack on Donald Trump. The media is constantly looking for news that could potentially influence the outcome of the US Presidential Election and analyze the speeches of both the candidates and their famous supporters. Taking into consideration the issues of emigration, economy and military interventions of the US army around the world, it is obvious that this election is not only important for the United States but the rest of the world as well.

With such huge interest in the event, we show you how to bet on presidential elections, make a 2024 presidential forecast and prediction, plus bring you the best 2024 Presidential Election odds.

1. US 2024 Election Basics

Before we assess the next US President betting odds and explain how to bet on the US Presidential Election 2024, we must understand the way the presidential election works in the USA.

The election will take place on Tuesday, November 5th, 2024. The two major parties are the Republicans, who are the conservative political party, and the Democrats. who are the liberal political party. Donald Trump represents the Republicans and Kamala Harris is the representative of Democrats. There are a total of 538 electoral college votes and to win the election, a candidate must win at least 270 electoral college votes.

The candidate that wins the highest number of votes is awarded all the state's electoral college votes. However, there are two states where this rule does not apply. You must be a US citizen and at least 18 years old to vote in the US presidential election.

Now you know how the election works, we can take a closer look at the US Presidential Election 2024 betting odds. And if you're not into politics, you can always check out our advanced guide to sports betting and use our advice when betting on your favourite sports.

2. 2024 Presidential Election Odds

Now, in our US elections betting guide, let's check what the bookmakers have to say in terms of 2024 presidential election odds.

The slight betting favourite in presidential election odds used to be Kamala Harris. She was nominated as the Democratic representative after President Joe Biden dropped out mainly due to his health issues. There were rumors of Biden struggling with illness and his performance in a debate against Trump was poor, leading to him stepping down. Harris is the current Vice-President and received plenty of support from within her party to become the official Democrat nominee. During the presidential debate, she was also assessed as a winner by over 60% of voters in the CNN pool. Celebrities and important figures such as Barack Obama, Beyonce, Taylor Swift or Willie Nelson keep expressing a big support for Kamala Harris, however this does not really improved her position in the Trump-Harris odds. Recently it is Trump who leads in the bookmakers' US presidential election winner predictions. He has a very strong electorate supporting his views and politics, which is reflected by the current odds.

Since the odds are constantly changing, let's explain how the odds for the next US President work on a hypothetical example. Let's imagine the 2024 Presidential Election odds have Harris as the outsider, priced at +100. So, if you were to place at $100 stake on Harris to win, you would win $100. However, if you were to bet $100 on Trump at -125 and he was successful, you would win $80. Learn how to compare betting odds with our guide and increase your chances for big wins.

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In addition to the 2024 US presidential election betting market for the outright winner, there are other ways to bet on the 2024 US presidential election. At bet365, you have the option to bet on which party will win each state. This is interesting because when assessing who is favored to win the 2024 presidential election in each state, some parties are clearly going to win, without much doubt. However, there are a handful of states, known as ‘swing states,’ where the chances of both candidates are remarkably close and actually the outcome of the voting in these states will determine who the next president of the United States will be. Pennsylvania or Georgia are good examples.

US Presidential Election - Winning Party 2024 - Best odds
Last update: 1727691649

It is worth noting there were other candidates running in the election but they had no chance of winning. After Robert F. Kennedy Jr. has suspended his presidential bid and endorsed Trump, they included Jill Stein, Cornel West, and Chase Oliver. You can still find US Presidential Election 2024 betting odds available for these candidates but they are massive for a reason, and that is because they are not going to win. So our advice in terms of how to bet on the US presidential election 2024 would be not to place the bet on any of these candidates.

3. Where to Bet on the Next US President

We must make it clear that current legislation means it is illegal for anyone to bet on the US Presidential Election in the United States. You will not find US presidential election 2024 betting odds available at any US online sportsbook. Some of the US betting brands, such as bet365 and BetRivers do offer Donald Trump vs Kamala Harris betting odds in other countries, such as the United Kingdom, Australia and Canada. The reason for this is because their owners have launched their sportsbooks in those countries, where it is legal to bet on the US Presidential Election. So, you will be asking, how can I bet on the US Presidential Election? Well, if you are able to register with the bookmakers that offer 2024 US Election odds in your country, you can pick your favourite and place a bet. Below, you can find a list of the best political betting sites that we recommend.

Where to Bet on the US Presidential Election 2024?

bet365
bet365
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BetRivers
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Pinnacle
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1XBET
1XBET
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BetWinner
BetWinner
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We previously mentioned Canada and the United Kingdom, well Canadians are in luck and you can bet on the 2024 US Presidential Election at bet365, BetRivers, Pinnacle, 1XBET and, Betwinner. For those in the UK, the options include betting after registering with bet365 or Pinnacle VIP code. Do not forget to use the latest promo codes when signing up to an online sportsbook. You can enjoy free bets and welcome bonuses for betting on the US presidential election when creating an account and making a qualifying deposit.

4. 2024 Presidential Forecast and Prediction

Now that you know the where and how to bet on the US presidential election 2024, as well as you are familiar with the US presidential election 2024 betting odds, it is time to consider who will win the US election.

We know that at the moment it is Trump who is the betting favourite in presidential election odds but will the odds prove to be accurate when the time comes? If we look at how accurate have election odds been in past presidential elections, the betting favourite has only lost twice since 1866. However, the most recent of those upsets came in 2016, when Trump beat Hilary Clinton by overcoming seven-to-two odds. That shows that the US presidential election 2024 betting odds does not necessarily guarantee who the winner will be.

Despite Trump’s success in 2016, the switch of the Democrats from Biden to Harris seemed to had worked in their favour. According to professor Allan Lichtman, also known as the Prophet of Presidential Elections, based on his 13 Keys model including yes-no questions about the candidates, their parties, the economy and other factors, despite the current pools, Kamala Harris is going to win. However, his opinion is not a guaranteed 2024 presidential forecast and prediction.

Currently betting odds on the US presidential election suggest the Republican candidate is going to be the winner. Taking into consideration the charisma, strong electorate and influence Trump has, betting on Kamala Harris to win may be risky.

My gut says Donald Trump. And my guess is that it is true for many anxious Democrats, but I don’t think you should put any value whatsoever on anyone’s gut — including mine. Instead, you should resign yourself to the fact that a 50-50 forecast really does mean 50-50. And you should be open to the possibility that those forecasts are wrong, and that could be the case equally in the direction of Trump or Harris. - Nate Silver, The New York Times

United States of America are extremely divided right now and many voters are still hesitating which candidate to support, so it is really tough to predict the final outcome. The difference in pools is very small and experts admit it is impossible to pick one sure favourite. All that is left for you is to make your own prediction, register at one of the recommended bookmakers, for example with our BetWinner Promo Code and place a bet.

5. How to Join a Political Betting Website and Bet on the US Elections

After you do your research, check current Trump’s odds to be the next US president, take a look at Kamala Harris 2024 odds to win next US presidential election and pick your favourite, it's time to join a chosen bookmaker.

Step-by-step guide to joining a political betting website

  1. Register - Take a look at the list of recommended betting sites which you can find in the list above and click on the brand which interests you. Then, follow the registration instructions, providing all the required information and our promo code if it's available.
  2. Make a Deposit - In order to bet on election odds and qualify for bonuses, you need to make at least a minimum deposit. The minimal amount of the deposit and payment methods differ between the sites, so make sure to get familiar with particular offers before depositing money.
  3. Place a Bet - Once you have funds on your account, you can proceed to "Specials" or "Politics" section and bet on your next US president favorite
  4. Withdraw - if betting on Donald Trump or Kamala Harris turns out to be successful, you will need to select a preferred withdrawal method (once you fulfill all the requirements, such as wagering requirements).

We hope our detailed guide to election betting will help you make a right betting decision and place accurate bet without any problems. Just remember to first do your research and check the latest presidential election odds 2024 and only then bet on US elections.

6. US Presidential Election 2024 Betting FAQ

6.1 ⭐ When is the 2024 US Presidential Election?

The election will take place on Tuesday, November 5th, 2024.

6.2 ⭐ How many votes does a candidate need to win the US presidential election?

The winning candidate needs to win at least 270 electoral college votes.

6.3 ⭐ Can I bet on the US Presidential Election in the United States?

It is illegal to bet on the 2024 US presidential election in the United States but you can bet on the next US President with bookies like BetRivers available in other countries.

6.4 ⭐ What is the best political betting site?

The best bookmakers to bet on the US Presidential election that we recommend are bet365, BetRivers, 1XBET and other betting sites enumerated on the list above.

6.5 ⭐ Who is favored to win the 2024 Presidential Election?

Donald Trump is leading US Presidential Election 2024 betting odds at the moment. The difference between him and Kamala Harris is not that big and the odds are constantly changing, therefore it is really difficult decide how to bet on the US presidential election 2024.

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Comments (2)
30 days ago
These betting odds may be tricky - gotta choose wisely if you wanna win some money
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