The US presidential election is one of the most popular and exciting events for political bettors around the world. Every four years, millions of people place their bets on who will become the next leader of the free world. But how do you bet on the US presidential election? What are the best betting sites and markets to choose from? And what are the current odds and predictions for the 2024 race? In this article, we will answer these questions and more, giving you a complete guide to US presidential election betting.
US presidential election betting is a form of novelty betting that involves wagering on various aspects of the US presidential race. You can bet on the outcome of the election, such as who will win the popular vote, the electoral college vote, or each state. You can also bet on the nominees of each major party, such as who will win the Democratic or Republican primaries, or who will be their running mates. Additionally, you can bet on various props and specials, such as who will be impeached, who will drop out of the race, or who will win the Nobel Peace Prize.
US presidential election betting is legal in some countries and jurisdictions, but not in others. For example, in the UK, you can legally bet on politics at licensed online bookmakers, such as Betfair, Bet365, or William Hill. However, in the US, you cannot legally bet on politics at any sportsbook or casino. Instead, you can use prediction markets, such as PredictIt or Augur, which allow you to buy and sell shares of political outcomes using real money or cryptocurrency.
To bet on US presidential election, you need to find a reputable and trustworthy betting site that offers political betting markets. You also need to register an account, make a deposit, and verify your identity. Once you have done that, you can browse through the available markets and place your bets.
The most common way to bet on US presidential election is to use fixed-odds betting. This means that you are given a set of odds for each possible outcome, and you can choose to back or lay any of them. For example, if you think that Joe Biden will win the 2024 election, you can back him at +150 odds. This means that if you bet $100 on him and he wins, you will get $250 back ($100 x 1.5 + $100). However, if he loses, you will lose your $100 stake.
Alternatively, you can use spread betting or exchange betting. Spread betting involves betting on how much a certain outcome will differ from a baseline number. For example, if you think that Joe Biden will win more than 300 electoral votes in 2024, you can bet on his electoral vote spread. The spread betting site will give you a buy and sell price for his electoral vote total. For example, if the buy price is 305 and the sell price is 295, you can choose to buy at 305 or sell at 295. If you buy at 305 and he wins 320 electoral votes, you will win 15 times your stake (320 – 305). However, if he wins 290 electoral votes, you will lose 15 times your stake (305 – 290).
Exchange betting involves betting against other bettors instead of a bookmaker. You can either back or lay any outcome at any odds that you agree with another bettor. For example, if you think that Joe Biden will not win the 2024 election, you can lay him at +150 odds. This means that if he loses, you will win $100 for every $150 that another bettor backed him with. However, if he wins, you will lose $150 for every $100 that another bettor backed him with.
There are many betting sites that offer US presidential election betting markets. However, not all of them are equally reliable and trustworthy. Some of them may have poor customer service, slow payouts, low odds, or limited options. Therefore, it is important to do some research before choosing a betting site for US presidential election betting.
Some of the factors that you should consider when choosing a betting site are:
Based on these factors, some of the best betting sites for US presidential election betting are:
The US presidential election 2024 is still more than two years away, but the betting markets are already open and active. The odds and predictions for US presidential election 2024 may change over time, depending on various factors, such as public opinion polls, political events, scandals, endorsements, debates, primaries, conventions, etc.
However, as of January 2023, based on the average odds from various betting sites, these are some of the current odds and predictions for US presidential election 2024:
The current favorite to win the US presidential election 2024 is Joe Biden (+150), followed by Donald Trump (+240) and Ron DeSantis (+450). This means that if you bet $100 on Joe Biden to win the election and he wins, you will get $250 back ($100 x 1.5 + $100). However, if you bet $100 on Donald Trump to win the election and he wins, you will get $340 back ($100 x 2.4 + $100). And if you bet $100 on Ron DeSantis to win the election and he wins, you will get $550 back ($100 x 4.5 + $100).
The current odds imply that Joe Biden has a 40% chance of winning the election, Donald Trump has a 29.4% chance of winning the election, and Ron DeSantis has an 18.2% chance of winning the election.
The current favorite to win the Democratic nomination for US presidential election 2024 is Joe Biden (-400), followed by Kamala Harris (+2000) and Michelle Obama (+2000). This means that if you bet $100 on Joe Biden to win the nomination and he wins, you will get $125 back ($100 / -400 + $100). However, if you bet $100 on Kamala Harris to win the nomination and she wins, you will get $2100 back ($100 x 20 + $100). And if you bet $100 on Michelle Obama to win the nomination and she wins, you will get $2100 back ($100 x 20 + $100).
The current odds imply that Joe Biden has a 80% chance of winning the nomination, Kamala Harris has a 4.8% chance of winning the nomination, and Michelle Obama has a 4.8% chance of winning the nomination.
The current favorite to win the Republican nomination for US presidential election 2024 is Donald Trump (-200), followed by Ron DeSantis (+225) and Tim Scott (+2200). This means that if you bet $100 on Donald Trump to win the nomination and he wins, you will get $150 back ($100 / -200 + $100). However, if you bet $100 on Ron DeSantis to win the nomination and he wins, you will get $325 back ($100 x 2.25 + $100). And if you bet $100 on Tim Scott to win the nomination and he wins, you will get $2300 back ($100 x 22 + $100).
The current odds imply that Donald Trump has a 66.7% chance of winning the nomination, Ron DeSantis has a 30.8% chance of winning the nomination, and Tim Scott has a 4.3% chance of winning the nomination.
US presidential election betting is a fun and exciting way to get involved in the political process and test your knowledge and predictions. However, it is also a risky and uncertain activity that requires careful research and analysis. Before you place your bets, you should always check the latest news, polls, and events that may affect the outcome of the election. You should also compare the odds and value of different betting sites and markets to find the best opportunities and returns for your bets. And most importantly, you should always bet responsibly and within your means.
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