2024 Presidential Election Odds Update
The U.S. Presidential elections are just a little over a month away and the race is heating up. Earlier this year, former President Donald Trump held the lead by a slight margin. However, ever since their last debate the sportsbook no longer think so. In our 2024 Presidential Election Odds Update, we go over what changes are taking place with the sportsbooks.
This week, Vice President Kamala Harris continues to be the favorite in betting markets over former President Donald Trump. Will her lead continue or can Trump swing things around?
Kamala Harris Holding a Slight Lead in the Polls
There has been an increase in variation among betting websites when it comes to Presidential Election Odds. Offshore bookmaker, BetOnline.ag has maintained its odds since the conclusion of the debate between Harris and Trump. However, offshore sportsbook, BetPhoenix.ag has positioned the two candidates in a nearly equal standing.
As the week unfolds, the pivotal question will be whether the vice-presidential debate featuring nominees Ohio Senator J.D. Vance and Minnesota Governor Tim Walz will influence betting activity, which U.S. bookmakers are prohibited from participating in, akin to the event on September 10.
Bettors at offshore bookmakers have placed Harris as the frontrunner approximately midway through the debate.
According to the Election Betting Odds tracker, which aggregates betting data from four prominent markets, bookmakers are estimating a 51.8% probability of victory for Harris. On the other hand. Trump has 47.4% odds of winning.
These figures indicate a modest enhancement for Trump as in previous weeks, he was trailing Harris by over 9 points. This was due to a series of advantageous post-debate polls for her.
Following a period of closely monitoring Trump at the beginning of September, Harris gained a significant lead over him. This took place after their first and only presidential debate held between the two candidates.
In the last 2 weeks, the pivotal movement for Harris was taking the swing state of Pennsylvania. Afterwards, sportsbooks gave her a 51% probability of victory. In contrast to Trump’s 49%.
This represents a significant change in favor of the Democrat compared to earlier this month, when Trump’s odds peaked at 56%. Additionally, bettors now show a slight preference for Harris to secure a win in Nevada, indicating another shift from earlier this month when Trump was given a 54% likelihood of success.
2024 Presidential Election Odds Update as of 9/30/2024
Bet 365
- Kamala Harris: -125
- Donald Trump: EVEN
BetPhoenix.ag
- Kamala Harris: -115
- Donald Trump: -105
BetOnline
- Kamala Harris: -125
- Donald Trump: +105
Oddschecker
- Kamala Harris: -104
- Donald Trump: +108
Is it Legal to Bet on the 2024 Presidential Elections
Betting on the US Presidential elections is not legal in the United States. However, earlier this month, a federal judge did clear the way for betting on the U.S. elections in predictions market cases. However, it does not mean that an American can freely bet on the elections. Or that a sportsbook in the U.S. will start offering election wagers. This is because it remains illegal or a grey area in most states for clear election wagers.
However, it is possible to bet on them by using an offshore sportsbook that is in a different jurisdiction. This is one of the many advantages of using an offshore sportsbook amongst serious gamblers. This is because they are able to bet on the 2024 Presidential Elections and pretty much anything they want. Furthermore, it allows them to ship for betting odds and better sportsbook promotions and bonuses.
Open a Sportsbook with PricePerPlayer.com for $5 or Less Per Player
