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US Presidential Election - Next President

2024 US Presidential Election Betting Odds - Bet on US Politics 2024

The 2024 US Presidential elections are gearing up to be one for the record books with both sports betting sites and political betting sites. On the one hand, we have Kamala Harris, the former vice president who is now the Democratic Party nominee after President Biden’s decision to exit the race due to poor health.

The Republican Party nominee, Donald Trump, served as the 45th American president. Despite doing a lot of good for underrepresented groups and the overall economy, his legacy is tarnished by a wild social media presence and a series of court cases related to his business affairs and other matters.

Based on their current standings, odds favour Trump as the outright winner of the 2024 elections , but with the success of Harris’ mega-popular ZOOM calls and more than 170,000 volunteers joining her campaign, she is a very real contender for the position of POTUS.

When is the 2024 US Presidential Election & How Does it Work?

The upcoming election is the 60th quadrennial presidential election, meaning that this is the sixtieth election in the country’s history in which the elected official will be president for a four-year term.

The election date has been set for 5 November 2024, when voters will be allowed to cast a single anonymous vote to lock in their choice of who should be the next president. This also acts as a vote for the nominee's chosen Vice President.

Votes are separated into two categories, popular and electoral, making it a little more complex than needing the most votes to win.

Here is how Popular vs Electoral votes work:

  • Popular Votes: Each state tallies the number of votes for a candidate, and the candidate with the most votes in total is said to have the Popular vote.

  • Electoral Votes: Each state receives a predefined number of electoral seats based on its population size. In most cases, the candidate who wins the popular vote receives all available electoral seats, with 270 such seats needed to win the presidency.

Main and Nebraska are two outlier states that do not apply a “winner takes all” methodology to assign their seats but divide them up based on popular vote winners per district.

Who are the 2024 US Election Candidates?

Kamala Harris is the Democratic US election candidate for 2024. On the 6th of August, Harris made the announcement that Minnesota Governor, Tim Walz was her running mate as VP. The pair has quickly become a popular option and are working hard to sell a Harris-Walz administration. It’s believed that by adding Walz to her team, Harris may attract swing voters who see the family man as a safe bet as Vice President.

The Republican candidate is Donald Trump, a Florida Republican. Despite having a host of popular choices for VP, including Ron Desantis and Nikki Haley, Trump decided on Ohio Senator JD Vance as his running mate in the drive to become the winning political party .

While Robert F. Kennedy Jr. is making a valiant effort as an independent, having just secured enough votes to appear on the ballot in Texas, among other states, the polls show this election will once again be a contest between the Democrats and the Republicans.

Current Political Landscape

The current United Stateselection cycle has been one for the record books. With every major news outlet covering the shocking Trump assassination attempt, many were convinced that he was a lock for the election. However, President Joe Biden stepping aside and endorsing Harris as the Democratic nominee has shaken up the public more than many expected.

Harris is more tech-savvy, the highest-ranking African American female politician in history, and of South Asian descent, so she has managed to rally renewed trust and enthusiasm among Democrats.

Most notably, she signed over 170,000 volunteers to her campaign in under a week and has been at the centre of several fundraisers using the ZOOM call platform to connect her supporters. The largest of these saw the platform crash as more than 160,000 people attempted to connect to the call in support of Harris.

With the Democratic candidates' star on the rise, Republican VP JD Vance made the unforced error of calling her and other Democrats “childless cat ladies”, which has sparked backlash from both sides of the aisle.

US Political Betting Odds

As with sports betting , there is a lot to consider when looking at political betting markets. While you can go with your gut and bet on your personal favourite, the responsible gambler checks the odds and places the bet with the highest probability of returning a winning result.

Who are the Favourites to Win?

Looking at the presidential election betting markets odds tracker on Stake.com ; it is clear that despite Harris entering the race, Donald J. Trump is still favourite for now, but the scales are starting to even out, thanks to the announcement of Tim Walz as VP to Kamala Harris. This will certainly be a presidential race that will go down in the history books!

While who runs North America for the next four years is no laughing matter, this has not stopped the community from having some fun with the proposed list of candidates. The list of future presidents you can back includes Barack Obama’s wife, Michelle Obama, and eccentric musician and entrepreneur Kanye West, to name a few.

If you want to learn about this and other types of election betting markets, we have a handy guide to outright betting .

You can also find out more by reading up on our expert picks and predictions on the upcoming US election .

How to Bet on the Presidential Election & Bet Types

If you are new to the election cycle and the Presidential election odds, follow these simple steps to get started.

As a Stake community member, you can bet in your preferred local currency or any of the leading cryptocurrencies , such as Bitcoin, Ethereum, and Litecoin. Our comprehensive guide to deposits and withdrawals will give you all the information you need.

US Election Betting Tips & Strategies

To help you make an informed online betting decision, here are some tips and strategies you can follow when choosing who to back:

  • Do Your Homework: Before placing bets, research the political scene, presidential candidates, their policies, and recent events to make intelligent choices.

  • Get the Odds: Understand how odds work in political betting. Odds show the chances of something happening and help you determine potential winnings.

  • Spread Your Bets: Don't put all your eggs in one basket. To reduce risks, spread your bets across different options, such as who will win overall, state results, or popular vote percentages.

  • Stay Updated: Monitor polls, news, and expert opinions to spot trends. This will help you adjust your bets as the situation changes.

  • Play It Safe: Set a budget and stick to it. Don't gamble more than you can afford to lose, and avoid emotional betting. Use strategies like managing your money wisely and setting limits to protect yourself.

These strategies can be applied to a wide variety of betting options, including sports betting , esports betting , and other markets. Why not give them a try while you wait to see the outcome of this election cycle?