The Presidential race is the most noted political event in American history. Every four years, many Republican, Democrat, and third-party candidates spend hundreds of days and vast financial resources to campaign for the chance to sit in the Oval Office. The Presidential election is the perfect opportunity to profit from placing political bets at international betting sites.
Gambling on Presidential elections not only allows the public to invest in the outcome of a major political event, but it also reveals the direction in which the public truly believes that the country is moving. For campaign managers, election odds are often far more informative than polling results. In this portion of our politics and betting guide, you will gain knowledge on key factors to consider when betting on Presidential election outcomes.
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Current Presidential Election Odds - 2024
Is It Legal To Bet On The Presidential Election?
Yes, betting on political election outcomes can be done legally, but domestic sportsbooks have traditionally not accepted wagers in this category. To lay some action on politics, you must do so at an overseas betting site like the sportsbooks that are recommended in this guide. Federal and state gambling laws have no domain or regulatory authority over sportsbooks operating overseas and offering their services to US bettors.
In addition to Presidential elections, it is also legal to bet on Senate, House of Representative, and Gubernatorial elections through licensed offshore sportsbooks in all US states
2024 Republican Candidates
Donald Trump and J.D. Vance
2024 Democratic Candidates
Kamala Harris and Tim Walz
Where Can I Bet On The Next President?
As we mentioned earlier, President odds are only offered at offshore sportsbooks that operate outside of the United States. We've gathered our top-reviewed election sportsbooks and have provided links to each one of them here in this guide.
We invite you to look through each political betting site and consider creating multiple accounts so that wagers can be placed on the odds that will pay out the best. We call this shopping the odds, and it is what we do each time we gamble online, whether in politics or sports.
There is a small chance that domestic books could add political props in the future, but for now, stick with the best-reviewed sites we list here.
Next US President Betting Apps
Political odds are only offered at offshore sportsbook sites, but to access them using your smartphone, you only need to have a web browser app installed. Pretty much all iPhones and Android cell phones that are still in use are capable of connecting to any sportsbook we link to here over the Internet.
If small screen sizes aren't your thing, any tablet made within the last few years can also be used to bet on Presidential candidates. This mobile capability allows gamblers to place a wager from anywhere they choose. No matter where you are in the United States, at least one book we recommend will allow you to bet on the next President.
Key Factors To Consider When Betting On Presidential Elections
Two key factors to consider when determining the best possible outcome of Presidential elections are the popular vote outcome and the electoral college tally.
Popular Vote
Popular votes are widely considered as the collective voice of the people. Ideally, the candidate that wins the majority of the popular vote is the candidate that wins the Presidency. However, there have been four elections, including the very recent 2016 Presidential election, in which the odds have tipped in the favor of the other candidate due to the electoral college.
This, of course, is why the electoral college exists. Otherwise, densely populated states will always wield more voting control than rural areas, which goes against the premise of the United States as a constitutional republic. For example, while Hillary Clinton won the popular vote in 2016 (65.9 million to 63 million), Donald Trump won 30 states compared to Clinton's 20. Further, Trump won 2626 US counties compared to only 487 for Clinton.
Electoral College
The founders of this nation created the electoral college because they believed that the popular vote should not be able to directly determine the Presidential winner. In the electoral college system, each of the 538 electors gets assigned to states based on population. If the majority of the popular vote in a state is for a specific candidate, then the winner takes all electors of that state.
Electors pledge but are not required to choose the Presidential candidate that the people of their state voted for. Clearly, the electoral college system throws a wrench into the political betting odds, as the electoral college has directly contradicted the popular vote on multiple occasions.
Again, however, this is by design, as it keeps a small number of high-population states from deciding elections for a much larger number of sparsely populated states. Thus, the Presidential pick of the electoral college prevails, and for this reason, it is important to consider the function of the electoral college before placing any political bet on the Presidency.
Other Factors
Other factors to consider when gambling on US politics are historic trends of political parties that win, how likely it is for those parties to prevail again, the state of the national economy, the political climate in general, each candidate's stance on political issues of the day, how the majority of people perceive each candidate, how well the candidate appeals to their audience, how wide and far-reaching the platform and views of the candidate has, and so on.
Note that the popular vote and majority public opinion are not the sole influencers of elections. In the next election and many to come, it is important to observe trends in the polls while keeping an eye on the political strategies of each candidate as they climb their respective ladders in the primaries and face off in the general.
It is also critically important for bettors to focus on so-called swing states. These states, otherwise called "Purple States," have a tendency to swing between favoring Democrats and Republicans, and they're where most Presidential hopefuls spend the majority of their time campaigning.
Futures Betting
A very popular type of bet to place months or even years in advance is a futures bet. Futures bets are a great way to reap a very sizable payout while risking very little money. To place a Presidential futures bet, for example, you simply pick from a long list of people who could possibly run for the Presidency.
To win a futures bet, you must determine the level of success that these possible candidates could have with their associated political parties. On this note, consider whether the individual is affiliated with the Republican party, Democratic party, or another third party to determine their chances to succeed and earn a party nomination. Another thing to consider is which political party the incumbent President is a member of and/or whether he or she is eligible for another term. Incumbents are hard to beat, and not all parties support their own potential candidates equally. Just ask Tulsi Gabbard!
Another tip is to consider the general success that the candidate has enjoyed throughout his or her career, whether political or not. Although an individual may not have political experience, such as Trump, they may win the election due to their business savvy, as we saw in the 2016 general election. As new generations emerge, what may have appealed to the public in years past may not have the same effect during future elections.
Essentially, betting on Presidential elections can be very profitable when employing proper strategies and understanding how various factors influence election outcomes. Incorporate the information in this section into betting strategies to better your odds of earning winnings when betting on the 2024 Presidential election.
Frequently Asked Questions
When is the next presidential election?
The next Presidential election is scheduled for Tuesday, November 5, 2024.
Can You Bet On President Elections Domestically?
No. Local sportsbooks do not accept bets on political odds. Election betting is only offered at offshore gambling sites, where they specialize in odds for federal, state, and regional races.
What Are The Odds Of Trump Becoming President Again?
The POTUS odds change daily, but Trump always seems to be within eyeshot of victory. He has led and trailed during the 2024 election cycle, and we expect that trend to continue on through November 5th.
When will we know who is running for president?
Candidates typically enter Presidential races around two years before election day. We find out who the official nominees are after each party holds its national convention during the late summer of the election year. For 2024, Donald Trump has secured the GOP nomination, and Kamala Harris has become the official nominee of the DNC.
Are there political prop bets during the Presidential campaign?
Absolutely. There is always a multitude of political prop bets to choose from during the Presidential campaign and even after the nominees are chosen for each party. Your sportsbook updates its selection of political props regularly, so you should always check in to see what new lines – or shifted lines – are available.
Are there any betting odds currently available for the 2024 Presidential election?
Yes! You can bet on various lines for the 2024 general election, including Presidential odds, debate odds, and more. Right now, for the Presidential election itself, Donald Trump and Kamala Harris are close to even at every offshore sportsbook, usually within a margin of 10 to 20 points.