2024 Presidential Election: A Guide for New and Experienced Bettors

Over the last few weeks, Donald Trump has gone from the +120 underdog to the -185 favorite. Kamala Harris has drifted from -110 to +160 in what has a massive swing for the former US President.

However, nothing is assured when it comes to elections and there are value odds available with 2024 election betting markets.

2024 Presidential Election Betting Guide

1. What Types of Bets Can You Place?

There are a plethora of betting markets to feast on for the 2024 election, but the main betting market is the next US President.

That’s where most of the money is invested, and just because the market has become one-sided, it doesn’t mean there isn’t value available. Given the current swing in polling, Trump could be still seen as a value wager at -185. Conversely, bettors haven’t had better odds for Harris since she was declared the Democratic Party nominee.

Election betting odds change often throughout the week, and they often depend on what polls are saying and what experts believe will happen. Some left-wing experts are conceding that Trump is the likely winner. However, as we’ve seen in past elections, nothing is guaranteed until it’s official.

Harris still has a fighting chance, and placing a bet on Harris at +160 would net a good return. However, there are other betting markets available, including state betting between Trump and Harris.

State betting provides bettors with action throughout the election night, especially with the swing states. States such as Nevada, Pennsylvania and Arizona could come down to the final count, and that makes for exciting viewing and betting.

Who wins the popular vote is also available for the major states, which adds some intrigue. If you’re wondering how to bet on the 2024 Presidential Election for these options, they are available on the political odds page.

2. 2024 Presidential Election Prop Odds

There is something for everyone with political betting markets, and bettors can even parlay their presidential pick with the World Series winner.

The BetUS sportsbook has an option to parlay Trump or Harris with either the Los Angeles Dodgers or the New York Yankees. Trump/Yankees pays a healthy +225, so it’s a bit of fun to include the serious nature of politics with the fun of watching the World Series between two historically impressive franchises.

Bettors can also parlay the US Presidential Election winner into the next UK Conservative Party leader, if that tickles your fancy. The current favorite is Trump/Kemi Badenoch at +165, narrowly over Harris/Badenoch at +175.

There are electoral college markets and winning margin markets available, as well as total votes and many more with 2024 election betting lines. If choosing between Trump and Harris isn’t your thing, you can bet on House of Representatives election winners for individual states.

One of our favorites markets is the state with the highest turnout in 2024. Minnesota is the current -125 favorite, with Wisconsin and Colorado next in the market. Hawaii is the favorite to have the lowest turnout at +125.

3. How to Read and Understand Presidential Betting Odds?

Just like any sporting event, the odds reflect Trump’s and Harris’ chances of becoming the next US President.

If you bet on Trump to win at -185, that means you need to bet $185 to win $100. Bettors from around the world aren’t used to American odds, but Americans are used to this system, and it’s no different from sports to political betting.

When it comes to popular vote betting, the results are determined by the Associated Press, New York Times and NBC. That’s important to know, but these stipulations are listed below each individual market so there is no confusion.

US Election odds are easy to understand, so if you’re confident you’re onto a winner, click on your candidate and add them to your betslip.

4. What are the Best Strategies for Political Betting?

There isn’t long until the election, so opening odds for Trump and Harris are long gone.

Before Harris took over Joe Biden, Harris was paying astronomical odds to become the next US President. However, after she firmed into clear favoritism, Trump has since regained betting control and is now the firm favorite.

Therefore, our best political betting strategies are to listen to both left-wing and right-wing media before placing your bet. It’s especially important to listen to political commentators who believe one candidate can’t win based on the latest polls, which are a good guide to deciding the elections.

Polls come with error, but they’re still the best betting guide. They don’t reflect the entire population, but they influence 2024 election betting markets, so our best advice is to watch odds moves over the next week to see where the money is going.

However, as we saw in 2020 when Trump firmed into a staggering -2000 on election night, results can change quickly. Even if Trump firms into around -190 on the eve of the election, it doesn’t mean he will win. Betting markets for the election are merely an estimated prediction, so it’s important to make your own judgement on the potential winner.

As Forbes reports, just because Trump is a short-priced online betting favorite, it doesn’t mean he’s a good thing to win.

“Roughly 60% betting odds does not equate to a 60% to 40% lead for Trump in polls, but rather indicates election bettors expect Trump to win about 60 out of 100 election simulations (think how underdog sports teams often win games despite sportsbook lines). And poll-based election models are almost exactly split,” Derek Saul reported for Forbes.

5. Where Can You Bet on the 2024 Presidential Election?

BetUS is the best place for your political betting needs. It has a wealth of markets available and the odds are generous.

With hundreds of 2024 election betting markets available, there is no reason to head anywhere else, and bettors get value odds across the board, including for next US President, swing state winners, and politics prop odds.

We also have extensive coverage on where you should put your money, so we have the information and updated odds to enjoy.

Make election night more fun by placing a bet, and always remember to gamble responsibility when placing your politics wager.

Place your bet on 2024 Presidential Election here at BetUS Sportsbook! 

Questions Of The Day

Odds and information are accurate at the time of writing. Please check with official sources for the latest updates before placing any bets.