Betting On The 2024 Election
With the 2024 presidential election going down this year, sportsbooks are starting to take more and more wagers on the winner. During the beginning of any election year, future bets are the most popular, as the people want to put their money where their vote is. For 2024, is it easier to place future bets on the winner, as it has been pretty clear that Donald Trump and Joe Biden will be the candidates.
Betting on the 2024 election is possible for residents of all 50 US states, with Bovada and BetOnline being the most popular sites. There are large deposit match bonuses offered for residents looking to get in on 2024 election betting. These sites offer odds for not just the presidential elections but governor races, senate races, house races, and more.
2024 US Presidential Election Odds
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Odds To Win The 2024 US Presidential Election
After losing to Biden during the 2020 election, Trump is favored this time around to get back into office. However, the odds have been close before and throughout 2024 for the Republican and Democratic candidates. This election is interesting for betting purposes, as both expected nominees have experience being president. With an expected tight race, line shopping is beneficial for betting on the presidential election. Check out the odds from the top political sportsbooks accepting US players below:
Best Sportsbooks to Bet On The 2024 Election
The best online sportsbooks for betting on elections are those that are regulated and licensed overseas. The sites listed below all offer large deposit match promos and instant payouts. If you use or are looking to use locally regulated sites like DraftKings or FanDuel, there will be no election or pollical odds found.
Odds To Become Republican Nominee
Donald Trump is looking to become the Republican Nomination for the third year in a row. He has been consistently favored by online sportsbooks since he lost the 2020 election. However, he became the heavy favorite when Niki Haley announced that she was suspending her bid. At this point, no other politicians are close to Trump for betting on the Republican Nominee.
Democratic Nominee Favorite
Betting on Democratic nominee odds is not as straightforward as the Republican side, as Joe Biden is not as favored as he was in 2023. His leadership in 2024 has been questioned, along with his age and ability to problem-solve. While Boden does still have the shortest odds to become the Democratic Candidate, Gavin Newsome and Michelle Obama are two of the other possible candidates with odds.
Most Popular Governor Races To Bet On
For 2024, there are 13 gubernatorial races to bet on and US residents from any state can wager on all of them. Check out the odds for the winner of each state at Bovada, BetOnline, and MyBookie.
Senate Election Betting Odds
Senate elections are foundational to American democracy and serve to ensure that each individual state’s needs are given consideration by the federal government. Betting on senatorial elections is popular as well, although odds on individual races are usually limited to a handful of battleground states and probably won’t be available until closer to November. Until full betting odds are released, betting on the aggregate of Senate races and which party will control the Senate is an option. Here are some current senate election betting odds:
House Election Betting Odds
Find election odds for the 2024 House of Representatives, including which party will win the most seats. The Democratic Party is currently favored to take back the majority, after the republican party barely took control in 2022. Find the current odds for betting on the House of Representatives Race, as they change often.
Is Betting On The Election Legal?
Yes, betting on the election is completely legal. Domestic sportsbooks (those based in the United States) are not yet allowed to offer political betting, but international sportsbooks can offer whatever political betting lines and props that they want. These international sportsbooks are not subject to the same laws as their domestic counterparts, including prohibitions on offering political odds. And because American anti-gambling laws are written to target betting operators rather than individual bettors, you have nothing to fear in betting on your favorite candidate.
Shopping Political Betting Lines
Politics are hyper-polarized, and one side effect of all that disparate discourse is that betting lines on political elections can differ greatly from site to site. This is actually good for the bettor, as regardless of which party you expect to win, disparities in odds allow you to maximize the potential profitability of your bet. Shopping political betting lines with multiple sportsbooks before placing a bet and looking for the site that gives your preferred candidate or party the longest possible odds is an ideal strategy for winning as much money as possible from the smallest possible bet. Bettors who don’t shop lines are doing themselves a disservice and likely leaving money on the table.