Most Americans have probably heard reference to election odds, poll results, or prediction markets when absorbing coverage of federal or local races.
In the USA, each state controls its fate regarding the regulation of local sportsbooks. At least one type of sports betting venue exists in 38 out of 50 states, and more are poised to join them within the next few years.
Despite this nearly nationwide coverage, none of these domestic sportsbooks can legally accept bets on political odds. One US-based loophole is available via prediction markets.
These markets are available online and place monetary values on outcomes. In the case of the 2024 presidential election, current markets are offering Kamala Harris at $0.58 for yes and $0.43 for no. Donald Trump markets are set at $0.45 for yes and $0.53 for no.
These are for purchasing shares of these yes-or-no markets in the hopes of receiving “dividends” if the correct outcome is chosen.
While these markets offer local options, most gamblers are looking for a traditional sportsbook experience when placing a bet. At this time, the only way to bet on politics from inside the United States is by wagering with offshore sportsbook sites.
These international sports betting sites have been serving the US for decades, and a large majority of them accept members starting at the age of 18 – even in states where the minimum age is set at 21 locally.
They offer more standard election bets that will look familiar to anyone who wagers on pro or college sports. Here is an example of the latest 2024 election odds.
US Presidential Election Odds To Win
- Kamala Harris -130
- Donald Trump Sr. +110
This standard Harris vs. Trump betting line is offered at Bovada and allows wagers on either candidate to win the 2024 Presidency. Harris has been favored to win for the past few days but was behind in the odds for the first week or so of her campaign.
We often emphasize that odds on US Presidency winners are based entirely on how much money is being risked on either candidate. At the moment, more money is being bet on Harris than Trump, and the result is the current line as posted above.
That said, US election odds are often accurate and a better indicator than poll results. The reason? Money is on the line.
When asked a question without stakes, there is the potential for a flippant response based on bias. When cash is being risked on the prospect, gamblers will bet on the outcome they believe will happen.
Sure, some Harris supporters will cast their vote, and their bet, her way, but not if they think a Trump win is a sure thing.
Regardless of where you place your bet on the next President odds, you won’t get paid until the next POTUS is declared. Remember, Trump is involved, which could mean a few extra months if the results are challenged.
2024 Presidential election odds are offered at each of the gambling sites included in our 18+ sportsbook reviews.