Trump remains election betting favorite after Biden drops out of race
LV REVIEW JOURNAL SUBSCRIPTION
7/22/24
Former President Donald Trump remains a heavy betting favorite to win the 2024 election after President Joe Biden dropped out of the race for the White House on Sunday.
Trump had a 61.6 percent chance of winning on Monday at electionbettingodds.com, which equates to the -160 favorite. That is down from a week ago when the site listed Trump’s chances at 67.9 percent (-211) following the failed assassination attempt on July 13.
Vice President Kamala Harris has a 33.4 percent chance to win the election, according to electionbettingodds.com, which averages live odds from FTX.com, Betfair.com, PredictIt.org, Smarkets.com and Polymarket.com. That equates to the +199 second choice.
Biden had a 35.9 percent chance of winning prior to the June 27 debate, which equated to the +179 second choice.
A negative number represents how much a bettor must wager to win $100. At the current odds, a bettor would have to wager $160 to win $100 on Trump being elected. A positive number represents how much a bettor would make on a $100 wager, meaning a bettor would win $199 on a $100 wager on Harris to win the election.
Betting on politics isn’t permitted at U.S. sportsbooks.
The odds on Trump also shifted at BetOnline, an un-regulated sportsbook that isn’t regulated in the U.S.
Trump is a -200 favorite, which equates to a 66.7 percent implied probability. He was -300 (75 percent) to take back the White House after the assassination attempt.
Harris, who was endorsed by Biden for the Democratic nomination, is the +185 second choice (35.1 percent) to win the election at BetOnline.