In many cases – primarily early(ish) in an election cycle – the odds for each individual candidate winning are greater than even money (+100). Presidential election odds are presented like futures bets.

While we're here, though, we should probably look at 2024 presidential election odds - how they're presented, how they pay out, and favorites.

Oddities – 'What color tie will Joe Biden wear?'.

Media coverage – 'First media outlet to call the election.'.

Non-specific election results – 'Which party will control the House of the 2022 Midterm Election? Republicans -550/Democrats +320'.

Candidacy – 'Democratic Candidate for the 2024 Presidential Election: Joe Biden +200/Field -290'.

'Components of the final result' – Results from individual states.

Update 07/25 - US sportsbooks licensed in Ontario have started offering bets on the 2024 US presidential election, which might also be a positive indicator for the US market.īettors from outside the US can also get their political action through all manner of prop bets: Unfortunately, US bettors are locked out of betting on politics, though this might change before the next presidential election, given the positive regulatory movements in the sports betting industry. European and offshore bookmakers aren't bound by this law and continuously offer odds on future elections.

And we're not just talking about the political press, 'Beltway insiders,' or strange YouTubers, but also sportsbooks and bettors!īecause political elections are 'unregulated competitions,' federal law prohibits US-based sportsbooks from offering direct 'election betting odds' markets. No sooner had the madness of 2020's election wound down than thoughts turned to 20. CAN YOU BET ON THE PRESIDENTIAL ELECTION? Whether or not we realize it, we all wager on the US presidential election. Whatever the outcome, the morning after Election Day is a scramble to grasp the economic, social, and foreign policy agendas that will touch every person on Earth.

Things may change after the 2022 midterm elections, but the best 2024 presidential election odds currently belong to Donald Trump, Joe Biden, Kamala Harris, and Ron DeSantis, with many celebrities and minor political figures lingering on the fringes.

Those betting directly on the presidential election should think of 'the road to the White House' like March Madness, with a large, weird field that (with some exceptions) gets narrowed down to a few favorites.

Federal law prohibits sportsbooks in the US from offering 2024 presidential candidate odds, though most bettors outside the US can get Election Day action.

Us presidential election bet