The final days before the US Presidential election have been packed with online betting opportunities. While those in the US are not able to place real money bets on the outcome of the election, offshore betting sites provide the latest odds and a chance to win payouts for wagering on whether Harris or Trump will be the next US President. Anyone looking to capitalize on these bets will find competitive odds being offered.
As the voting day draws near, these odds are constantly changing as a result of more bets being placed. Wondering how things are shaping up? Here, we take a closer look at the latest odds and some of the great betting options that are available. While betting odds are no way to indicate who will win the Presidential race, they do appear to be in line with the latest political polls.
How US Election Odds Work
The listed odds ate leading sportsbooks worldwide are now available for the upcoming US Election and both sides offer some decent odds. One of the main misconceptions many have is that the odds that are set are a predictor of the outcome. This is not true. Instead, they predict human behavior. It all comes down to money, Each sportsbook offers odds that will allow them to retain a profit of 10% or more of all money wagered.
Online betting companies work to attract bets on both sides of a wager and the overall goal is for any wins and losses to offset one another. This means that betting sites like Stake can ensure they offer a host of different markets for all people looking to bet across the event. In short, election odds in no way predict who will in fact become the next president but are an indication of how the public feels about the current race.
Any point spreads or odds that are offered by any betting site will also predict gambling behavior. If a site can attract bettors when Trump is listed as a 65% favorite, they will also have to offer favorable odds for Harris to encourage customers to place wagers on both sides. Instead of being a prediction of an outcome, the odds are all about what is needed to generate a profit for the sportsbook.
Latest Trump Odds
Based on the latest odds listed at major online sportsbooks, Trump is the favorite for the election. Sites show his odds at -192, giving him a 62% chance of winning. There have been just two times when Trump’s betting odds have been higher. The first was when Joe Biden announced his withdrawal from the race and the second following the Trump assassination attempt, where odds soared to -400. The odds for Trump have been impacted by his performance in some battleground states where he is the favorite to win the election. As for swing states, Trump holds an advantage. He is deemed the favorite in the state of Florida as well as in Arizona and polls show him to be a top choice in Georgia and North Carolina.
After battling back from being the underdog, Trump remains on top in terms of betting odds. One of the reasons Trump has great odds is due to winning polls in the seven swing states. Nevada and Pennsylvania were once led by Harris, but are not favoring Trump as the election winner. He has also reduced the Democrat’s lead in Michigan. As of now, the Republican Party has 219 electoral votes locked, which is just 7 less than the 226 by the Democrats.
Latest Odds for Harris
On the other side of the race is Kamala Harris, listed with odds of +150. This shows her as having nearly a 38% chance of winning the seat in the White House. This US Election has been like no other. With a candidate dropping out just months before the election, Harris has faced many challenges and the betting markets have shown this. She was a favorite over Trump after Biden withdrew in August, but Trump quickly regained the lead just a few weeks later. Harris jumped ahead after the debate, but again Trump returned to being the betting favorite.
The odds can still be improved for Harris as there are days left before the election. The Democratic Party has been successful in controlling inflation and the US has a current rate of 2.44%. This is the lowest since 2020. Harris has a strong campaign that also shows unemployment remaining steady, which proves that the party is able to direct the economy in the direction needed for success. Some of the factors that will influence voters include job stability and lowering current prices. Will this be enough to tilt the tables and provide Harris with a win? The odds say no, but again, the odds are simply the public’s opinion of the possible outcome.
Swing State Odds
Most are already aware of how most states will vote based on past elections, but there are seven swing states that could decide the election. It is important to stay up to date on how each candidate stands in these states. This information can be used to handicap odds.
In Arizona, Trump now has a lead by 1.9 points, which is the biggest gap since Biden pulled out in August. Georgia is another state where Trump has a slight lead of 1.5 points. Michigan has Harris in the lead by a very slight margin of just 0.4 points She initially led the state with 3.4 points. Nevada is an important swing state that has already flipped. The state first had Harris with a 1.4 point lead, but now, Trump is ahead by a small amount of 0.2 points. Since 2008, Nevada has been known to be a Blue state, but that status has been up in the air since the mid-term elections.
As for North Carolina, Trump leads Harris and he has been able to avoid the negative impact of endorsing Mark Robinson for Governor. North Carolina has a history of voting red and in the past 12 of 14 elections, the state voted Republican. Pennsylvania is also a key state in the US election and the state holds 19 electoral votes that can be detrimental to the DNC if PA is lost. Finally, Wisconsin has the slimmest margin between the two, with just 0..1 points separating candidates.
Even though the current betting odds show Trump as a favorite, things can change drastically depending on how the swing states vote. As election day nears, odds will continue to change, reflecting the public’s opinion on who will be the next US President.