2020 Presidential Election Update: Joe Biden defeated incumbent Donald Trump in the 2020 Presidential election and was sworn in on January 20, 2021, as the 46th President of the United States of America.
As Americans become more engaged with the political landscape with each election, and technology feeds this phenomenon through access to any and all information surrounding an election, the market for betting on politics is becoming more prevalent.
We have the ability to be as informed about our nation’s politics as we choose to be, and many of us are going to use that knowledge to not only be involved as informed voters but to also bet on the outcome and possibly convert knowledge into winnings.
Here you will find the most current and accurate odds and betting lines for the 2024 presidential election, as well as the following information:
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The table below offers live betting odds from 3 different sportsbooks, BetOnline, Bovada, and MyBookie. Listing the odds from multiple sites allows you to shop for the best possible payouts on your future bets. The odds at each of these premium sportsbooks are comparable with the current Vegas odds on who will win the 2024 Presidential election.
It’s a good idea to shop more than one sportsbooks for the best odds and most competitive lines. In most cases, all three sportsbooks will usually have the same candidate listed as the favorite and/or the underdog. However, the specific odds, which determine your payout, may vary somewhat at each site.
In addition, some books may offer odds on a particular candidate while another one doesn’t. So we actually recommend opening an account at both sites so you can shop for the best lines depending on what you want to bet on.
If you’ve browsed the odds at all at any of our recommended online sportsbooks, you’ll notice that the list of candidates is not always limited to only those individuals who are actively participating in the race. This is because the range of deadlines for entering the race varies from state to state, and until all states have closed their registration processes for potential candidates wanting to enter the race, there’s always a chance someone new will come along as we’ve seen in recent years with Kanye West’s late entrance as an independent presidential candidate.
Betting on politics, including the 2024 presidential election, affords gamblers a nice, wide range of options to choose from. You can choose to simply bet on the outcome of the election or to really get into it and take advantage of the debate prop bets, state primary odds, state electoral college odds, re-election odds for the senate and house, or a host of other political prop bets that get more and more creative the closer we get to the election.
Obviously, these bets will have to do with the overall winner of the election based on the Electoral College and not the popular vote, though there are prop bets for who will win the popular vote. You have straight bets for who will win the election, which party will win the election, which gender the winner will be, and even sometimes what the gender balance of the final ticket will be.
Options will vary from sportsbook to sportsbook. Among these lines, there are also varying bet categories. Two popular categories include:
Handicapped electoral vote count: This bet will involve beating a spread in regards to the number of electoral votes, which is based on the Electoral College structure within the election process.
Over/Under electoral vote count: In this type of bet, you are trying to determine if a candidate will come in over or under a specific number of predicted votes. The odds and amount of votes will vary from candidate to candidate and are based on that individual’s standing within the election.
Lines covering the primaries will be offered for each party represented in the election. You are betting on who will win the nomination from each political party. These lines can see the same type of variety as the scenario above. You will see lines for who will win for each party, which gender the winner will be, etc. We expect odds to shift dramatically after the first Presidential debate.
These lines will become quite refined the closer we get to the election. It is not uncommon to see the handicapped and over/under options available for presidential party primary betting lines leading up to Election Day.
It is no surprise that there are odds for which candidate and/or party will win particular states. After all, that is how the election is won, state by state. There are usually odds for the larger, more influential swing states that have a large bearing on the overall results of the election.
Individual state odds can be particularly exciting because the results of Electoral College votes in the swing states can be very unpredictable. As the election progresses, the number of betting lines and odds covering specific state results increases to include smaller states. Check out our State Primary odds page for more information.
A candidate can win the popular vote, however, lose the election. We saw this when Hillary Clinton beat Obama in the primary for the popular vote but lost to him when it came down to the Electoral College count. Does it make any sense? Nope. Is it legitimate? Yes, it is.
The Electoral College structure is a sound one and is the best we’ve come up with to make sure everyone is fairly represented, but it is still hard to swallow that the person receiving the most individual votes (popular vote) is not the person who wins necessarily.
When you’re betting on the popular vote, you need to figure out who is most favored by the voters rather than who is going to earn the highest Electoral College count.
If there’s anything we learned from the 2020 election, it’s that anything can happen. Biden’s term as POTUS is just getting underway so we can’t be certain about the 2024 election winner until at least Primary season.
There are no laws that prohibit individuals from betting on US politics and elections. The key is to find a sportsbook that offers Presidential election odds and betting lines. The sportsbooks featured on this site are all reputable, high-quality betting sites and offer political betting options.
These destinations offer their betting services to US players and operate through a foreign governing jurisdiction that has legalized online gambling for their region. There are no US federal laws that prohibit placing bets online at offshore sportsbooks.
Now that state-regulated sports betting is no longer prohibited, we thought it would be possible to see political odds and betting lines at domestic US sportsbooks as multiple US-based bookmakers have launched since PASPA’s repeal. Unfortunately, domestic sportsbooks in the US have not yet warmed up to the idea of betting on US elections, so the trusted international sportsbooks featured on this site are your best legal option for betting on politics.
The popular vote determines which candidate received the most individual votes from the public. While it is a telling statistic, it actually has no bearing on the outcome of the election. A candidate can win the popular vote, yet receive fewer Electoral College votes than his/her opponent and still lose the election.
The Electoral College was designed in order to make sure the amount of representation a state has in an election is fairly based on the number of people residing there. Each state is assigned a number of electoral votes based on its population. The total number of Electoral College votes is 538. A candidate must reach 270 Electoral College votes in order to win the election. Naturally, the larger states with more residents are assigned a larger number of votes.
Remember, betting on a candidate and voting for them are two separate actions. You may love a specific candidate and everything he/she stands for, but since if poll numbers are rather low, you know the person doesn’t have much of a chance at the nomination or the presidency.
You can still vote for him/her and support them, but I wouldn’t necessarily bet a lot of money that they will win the Democratic nomination. Instead, you may want to vote for John Delaney but bet on Kamala Harris to win the nomination since he is the front-runner on the Democratic side of the race.
While every state has its own set of criteria for being a registered voter, as long as you are a US citizen, 18 years of age or older, have not had your civil rights revoked and have legitimate identification, you will likely be eligible to vote in the election.
We recommend you verify the voter registration requirements in your state of residence prior to the election. If you are interested in betting on the election through a legal online sportsbook you will need to be at least 18 years or older and in some states, at least 21 years of age.
Yes, what we recommend is shopping around for the best odds. Assuming every sports betting site that we recommend here on presidentialelectionodds.net is reputable (which is 100% accurate), then it only makes sense for you to bet at whichever site is offering the best odds on your favorite candidate.
For example, if Candidate A has +600 at one book and is featured at +350 at another, that’s a huge difference. Basically, those odds mean that if you wager $100 on Bernie to win the election, you would get back $600 in winnings at one but only $350 in winnings at the other. Choose wisely.
There are a variety of factors that go into why one particular sportsbook is offering different odds than the others. Basically, it has to do with how much action they have on a particular candidate.
Sportsbooks make their money on the juice, so what they want to do is have even money on both sides so they can rake in the juice. So using the Bernie example above, what those odds are telling you is that Betonline doesn’t have much action on Bernie Sanders. So they are offering higher odds than other sites to encourage people to bet on Bernie.
The first thing you want to do is find a reputable online sportsbook that is legally licensed and offers political betting lines. The 2 sites we recommend above are the best in the industry and offer the widest variety of prop bets to players. They both offer some very generous bonuses to new players by matching your first deposit up to 50%.
Once you’ve signed up with one of the sites, you will need to navigate to their political odds page. If you have any problems finding the page look under the futures/prop section of the site. From there you will have many different types of wagers you can make.
Based on our research, and the help of websites like www.legalbettingonline.com, we are confident that betting on the US presidential election is legal in the United States as long as you are betting with a sportsbook that is operating legally within the industry either through domestic sportsbooks in the US or through offshore sportsbooks operating outside of the United States.
The way the above website explains it on their political page indicates that any individual or business that accepts bets must be operating legally within their jurisdiction in order to legitimately accept political bets, and US gambling laws are directed at those providing betting services, not the person placing the bets. For example, a local neighborhood bookie who is not licensed and accepts bets is breaking the law, but the person placing the bets with the bookie isn’t the one violating any law.
The United States is not the only country with compelling political odds. While not all nations hold elections, the oddsmakers manage to cover odds for politically relevant events, elections, successions, replacements, and more in their betting lines. Below are the international regions we cover that we find carry drive intriguing betting options.