2024 U.S. Presidential Election Odds: Trump vs. DeSantis Bodes Well for Biden

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This combination of pictures created on May 24, 2023, shows Florida Governor Ron DeSantis and US President Donald Trump. DeSantis, the leading Republican rival to Donald Trump, announced his 2024 US presidential bid on May 24, 2023. Chandan Khanna and Brendan Smialowski/AFP

The 2024 presidential election is witnessing notable changes with Ron DeSantis joining the race for the White House. BMR presents the most up-to-date political odds for all candidates, providing a comprehensive analysis of the political landscape leading up to the 2024 election.

Unexpected Help

Despite the current negative economical indicators, President Joe Biden may benefit from the division within the Republican party as voters prepare to cast their ballots in November 2024, according to political betting sites. 

The recent official announcement by Ron DeSantis poses a significant challenge to Trump’s prospects in the upcoming presidential race. On top of that, there are more than a few Republican challengers who are looking to oust the president from the White House and could benefit from the fight between DeSantis and Trump.

The Current Odds

Remember that offshore sportsbooks have a distinct advantage in tapping into the betting fervor surrounding the election due to their ability to offer betting markets on the election outcome. 

This sets them apart from regulated sportsbooks located in the United States, which are restricted from engaging in such activities by legal regulations. The following are the 2024 Presidential Race odds as of May 29, 2023, courtesy of BetOnline (visit our BetOnline Review)

DeSantis Threatens Trump

As polarizing as Trump may be to some Americans, he is equally beloved by his base. And had it not been for Florida Governor Ron DeSantis jumping into the fray for the Republican nomination, Trump would have likely waltzed into the general election.

Certainly, there are other GOP candidates like Nikki Haley or Tim Scott but neither has the star power of Ron DeSantis. The Florida governor is much like Democrat challenger, Robert Kennedy Jr., in that he is the most viable option to the standard-bearer of his party.  

The heavyweight fight between Trump and DeSantis is only beginning. Still, the campaign will undoubtedly be a bruising affair that could open the door for one of the other Republican challengers if it gets too unseemly.

Yet, since DeSantis announced his candidacy, Joe Biden has overtaken Trump as the favorite to win the presidency with odds of +130 followed by Trump (+235), and DeSantis (+400). 

Technical Difficulties

DeSantis had an inauspicious election launch as the technical snafus on Twitter Spaces bedeviled him and provided fodder for the Trump war machine.  

“Wow! The DeSanctus TWITTER launch is a DISASTER! His whole campaign will be a disaster. WATCH!” Trump posted on his social media site, Truth Social, using a shortened version of his “DeSanctimonious” nickname. 

“Is the DeSantis launch FATAL?” he later added. “Yes!”

Switching Allegiances

We should also note that two New Hampshire state representatives withdrew their support for DeSantis after the embarrassingly glitchy Twitter announcement and switched their allegiances to Trump

Not surprisingly, this did not go unnoticed by the Trump campaign. One of those two state representatives, Sandra Panek, was quoted by Trump’s office. 

"After being less than impressed with Ron DeSantis' official announcement last night, I am hereby switching my endorsement to President Donald J. Trump," Panek said in a statement. "We can't expect someone to run the country if they can't properly run their own campaign launch. 

“The stakes are simply too great in 2024 to take a chance on someone as unreliable as DeSantis—we need a proven winner like President Trump to take back the White House and Make America Great Again!" 

Kennedy Jr. Surges

We all know Joe Biden and Donald Trump are the heavyweight contenders with Ron DeSantis emerging as a young dark horse but who is the man with the famous political name and a vaguely familiar face? 

That would be environmental lawyer Robert Kennedy Jr., son of former Senator Robert Kennedy and nephew of former President John F. Kennedy. He is viewed as a fringe candidate that could appeal to some Republicans.  

However, his polling numbers have recently revealed that 20 percent of the Democrats support his candidacy while half of the Democrat party is looking for an alternative to President Biden.  

Fading Biden

This would go a long way toward explaining why Kennedy is suddenly the fourth choice to win the presidency according to the oddsmakers. It’s not necessarily him, it’s more because he’s not Joe Biden. 

Few candidates are seeking to replace Biden on the Democrat ticket. Yet, Kennedy has never been in lockstep with the Democrats as some of his positions have managed to estrange him from the party base. Nevertheless, he serves as an alternative to an unpopular Democrat president.  

Kamala Cratering 

The closer we get to the election the lower Vice-President Harris’ chances are of being elected president. She is once again Joe Biden’s running mate so she won’t be throwing her hat in the ring to battle her boss for the nomination

The optics would be bad if she did and her base is shrinking which means the only way she will be on the ticket is if Joe Biden is unable to run or suddenly unwilling. 

To Finish Term Market

The oddsmakers are further upping her odds as the 80-year-old Biden appears to be healthy enough to make it to the primary election in March of 2024. The only way Harris would be a presidential contender is if Biden became incapacitated or died in office. 

Both seem increasingly unlikely if we take a look at the odds offered by Bovada (visit our Bovada Review) and Heritage Sports (visit our Heritage Sports Review).

Meanwhile, we invite you to discuss the upcoming election with BMR Forum members in the Political Betting section. Bookmakers Review will continue to monitor the U.S. presidential odds and update this article as the odds change in the coming months ahead of the election in November 2024.