Since these wagers are only on who will face Biden (assuming he is running for a second term) - regardless if they go on to win the presidency - the odds are significantly shorter. Those will shift as that field comes into better focus.īetting who will win the Republican nomination is also a popular politics gambling market. Until the Republicans settle on a nominee, top contenders such as Donald Trump, who has floated the idea of running again his vice president, Mike Pence the Trump children and a coterie of others all have longer odds. President Biden, who is essentially guaranteed his party's nomination, is an early favorite, as is his vice president, Kamala Harris, because of Biden's age and a belief he might serve only one term. Top sports betting sites assign lines to every candidate, and a bettor wins if his or her choice gets elected. Conversely, the favorites' odds will be much shorter.īetting on the 2024 presidential election winner is perhaps the most straightforward way to wager. If bookmakers view a candidate is unlikely to win, they will see long odds.
Similar to a sporting event, presidential betting odds are set to reflect the likelihood an outcome occurs as well as where the betting public is putting its money.
