Best Political Betting Sites: Where to Bet on the 2024 U.S. Presidential Election
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Scott Kacsmar
- November 6, 2024
The 2024 U.S. election is here as voting takes place nationwide today, our top election betting sites offer the best election odds to place your bets on Donald Trump or Kamala Harris. Online sportsbooks have successfully predicted election outcomes more accurately than polls and pundits for years.
Whether you’re an experienced bettor or new to political wagers, our guide to the best political betting sites provides all the insights you need for informed bets
2024 U.S. Presidential Election Odds
Best Political Betting Sites
| SPORTSBOOK | TRUST SCORE | ONLINE SINCE | Expert Review | BONUS | Bet Now |
|---|---|---|---|---|---|
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1996
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$500 Cash Bonus
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2002
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55% Cash Bonus
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2001
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$250 Free Bet
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1996
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$1,000 Cash Bonus
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2001
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100% Free Play
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2011
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$750 Cash Bonus
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When looking to bet on election outcomes, choosing the election betting site is essential. Here are some of the top sites known for their reliable politics odds, user-friendly interfaces and comprehensive coverage of political events.
- BetOnline – This site stands out for its early election odds and a variety of betting options. BetOnline is a go-to for those looking to place bets on elections well in advance, offering insights into future political contests.
- Bovada –A leading name in online betting, Bovada offers competitive presidential election odds and a wide range of political events to bet on. It’s known for its easy-to-navigate website and quick payout options.
- BookMaker – Top for early lines and a deep selection of wagering markets for the upcoming 2024 Presidential Election.
- Heritage Sports – Heritage Sports is praised for its excellent customer service and attractive odds for election betting. It provides a seamless betting experience with a focus on user satisfaction.
- BetAnySports – With its diverse betting options, BetAnySports offers more than just sports betting, including a robust section for political betting. Its competitive odds on elections make it a popular choice among bettors.
- Everygame – Formerly known as Intertops, Everygame has a long-standing reputation in the betting community. It offers comprehensive betting options for various political events, including U.S. presidential elections, with updated odds and detailed analysis.
1. Best Political Betting Site Overall: BetOnline
Key Features
- Odds on the Presidential Election, Senate, House of Representatives
- $50,000 Election Betting Limit
BetOnline’s commitment to releasing early odds is particularly advantageous for election bettors who prefer to make informed decisions before the broader public influence takes hold. This proactive approach ensures that astute bettors can secure favorable odds ahead of significant market movements.
Few offshore sportsbooks can match the unique offerings and early odds provided by BetOnline. The sportsbook offers opinionated betting lines, providing valuable insights into the true probabilities of political outcomes.
BetOnline presents a comprehensive array of markets, including U.S. Senate elections, House of Representatives betting, and even niche options like Biden approval ratings and the likelihood of Biden facing impeachment. BetOnline currently has a maximum limit of $50,000 on the 2024 Presidential Election market.
For enthusiasts of political betting looking for an offshore sportsbook experience tailored to election wagering, BetOnline stands out as a top choice, offering a blend of unique markets, opinionated lines, and timely odds adjustments.
2. Best Political Betting Site for U.S. Election Prop Bets: Bovada
Key Features
- Odds on the Presidential Election, electoral college, and dozens more markets.
- $4,000 Election Betting Limit; higher bets accepted upon request
Bovada sets itself apart with an extensive selection of election betting markets, covering not only the traditional Trump vs. Biden showdown but also offering odds on long shot candidates like Hillary Clinton, Tucker Carlson, Chris Christie, and even Donald Trump Jr.
Bovada’s massive assortment of election wagers includes odds on the Republican Vice President, electoral college votes, popular vote outcomes, and a multitude of prop bets and favorability ratings on Trump and Biden.
Enjoy the convenience of Bovada’s excellent mobile sportsbook, offering access to the latest election markets, including live betting on the go for events like the presidential debates. Benefit from prompt customer service, ensuring quick assistance for any election betting-related inquiries.
New users can take advantage of various bonuses, including a 50% deposit match bonus for traditional currency users and special incentives for cryptocurrency users, making Bovada the preferred choice for those seeking fast and private transactions in election betting.
3. Top Political Betting Site for High Rollers: BookMaker
Key Features
- Odds on the Presidential Election, Vice Presidency
- $40,000 Presidential betting limit
BookMaker is a reputable online betting platform with more than 25 years of experience in accepting wagers and is a favorite among high rollers. Known for its exceptional customer service and swift payouts, BookMaker has established itself as a reliable choice in the industry.
The sportsbook features over a dozen election betting markets, including the next U.S. President elected in 2024, the expected Republican nominee for Vice President, as well as two-way markets on popular dark horse candidates such as Michelle Obama, Gavin Newsom, and many others.
Professional gamblers and recreational users alike will appreciate the large wagering limits on the outcome of the election. BookMaker is currently accepting bets for up to a $40,000 maximum payout limit on the next U.S. President.
BookMaker offers generous welcome bonuses for new users through credit card or bitcoin and has some of the most knowledgeable wagering clerks in the industry.
4. Excellent Political Betting Interface: Heritage Sports
Key Features
- Odds on the Presidential Election, Senate, House of Representatives
- $1,000 Election Betting Limit
Renowned for its comprehensive betting options and attentive service, Heritage stands out as a trusted platform for political enthusiasts.
Heritage Sports covers a wide range of election markets, including predicting the winning party of the election, forecasting outcomes in key swing states’ Senate elections, and determining which party will win the most seats in the U.S. House of Representatives.
As an offshore sportsbook, Heritage Sports offers flexibility in providing diverse wagering options on the 2024 Election. The sportsbook offers robust security measures in place to protect your information and funds.
Currently, the maximum wager on each market is $1,000, with expectations of an increase closer to the election. Don’t miss out on the opportunity to engage in thrilling election betting at Heritage Sports.
5. Best Election Betting Site for Reduced Juice: BetAnySports
Key Features
- Odds on the Presidential election
- $500 Election Betting Limit
BetAnySports is a top sportsbook for wagering on the US Election. Known for its exceptional -105 reduced juice lines, BetAnySports attracts election enthusiasts with competitive odds on various candidates.
The Less Juice Package sets BetAnySports apart, providing players with a substantial advantage in minimizing risk and potentially increasing rewards. With competitive odds across various candidates, including 10 potential winners other than Trump or Biden, BetAnySports is offering plenty of potential value for long shot candidates..
Currently, there’s a maximum win of $500 on each bet, with expectations of higher betting limits closer to the election. BetAnySports also plans to release a broader range of election betting markets closer to Election Day.
2024 U.S. Election Betting Limits by Sportsbook
| Sportsbook | Election Limit | Go Bet |
|---|---|---|
| BetOnline | $50,000 | |
| BookMaker | $40,000 | |
| Bovada | $4,000 | |
| Heritage Sports | $1,000 | |
| BetAnySports | $500 |
What are election betting odds?
Understanding how to read election betting odds is key for anyone looking to place a bet on the upcoming American elections. Odds can seem complex at first, but they’re actually pretty straightforward once you get the hang of them. Here’s a simple guide to help you understand what the numbers mean:
- Positive Odds (+): These indicate how much profit you would earn on a $100 bet if your prediction is correct. For example, odds of +200 mean you would win $200 on a $100 bet.
- Negative Odds (-): These show how much you need to bet to win $100. For instance, odds of -150 mean you need to bet $150 to win $100.
- Fractional Odds: Sometimes, odds are presented as fractions (e.g., 3/1). This means you win $3 for every $1 you bet, plus your original $1 back if your bet wins.
- Decimal Odds: Decimal odds show the total amount you would get back for every $1 bet, including your original bet. So, odds of 4.00 mean you get $4 back for every $1 bet if you win.
Tips for Reading Odds
- Betting Favorites vs. Underdogs: Negative odds usually indicate the favorite or the outcome considered more likely. Positive odds indicate the underdog or less likely outcome.
- Compare Odds: Look at different sportsbooks to see where you can find the best odds for your bet. Small differences can mean more profit.
- Watch for Changes: The president odds change as the election approaches, based on new information, primary polls and public opinion. Keeping an eye on how the odds shift can give you insights into public sentiment and potential election outcomes.
- Understand the Context: Always consider the political context and recent news when interpreting odds. They reflect not just the current standings but also public perception and betting trends.
Reading election betting odds doesn’t have to be daunting. With a bit of practice, you can quickly learn to interpret these numbers and use them to inform your betting decisions, giving you a better chance at winning your bets.
Types of Election Bets
Betting on elections isn’t just about picking who you think will win. Political bettors have a range of options available, each offering a different way to engage with the political landscape and potentially win some money. Here’s a look at the main types of bets you’ll find on a political betting site:
- Winner Bets: The most straightforward type of bet, where you predict who will win a specific election. This can apply to presidential races, congressional seats or any other elected position. You can also bet on the presidential candidates of specific parties, such as the winner of the Republican nomination and the Democratic nomination.
- Margin of Victory Bets: These bets involve predicting not just who will win, but by what margin. For example, you might bet on a candidate to win by more than 5 percentage points.
- Proposition Bets (Prop Bets): Prop bets are about specific events happening or not happening during an election cycle. Examples include betting on whether a candidate will drop out before a certain date or how many debates will take place.
- Over/Under Bets: This type involves betting on the total number of something, such as the total electoral votes a candidate will receive and whether it will be over or under a specified amount set by the sportsbook.
- State-by-State Bets: Particularly in presidential elections, bettors can wager on who will win individual states. This is a way to engage with the election beyond the national outcome.
- Futures Bets: Futures bets are placed on events that will happen further down the line, such as who will win the next presidential election. These bets can be made years in advance, often with higher odds due to the uncertainty.
Each type of bet offers a different level of engagement and analysis, from simple predictions to more detailed analyses of election dynamics.
Political Parties in Election Betting
In the arena of election betting, understanding the main political parties and their candidates is crucial. Bettors can place wagers on the Republican nominee, Democratic nominee and Independent candidates, each offering unique odds and opportunities.
The Republican Party and the Democratic Party are the two primary forces in U.S. politics, often fielding candidates who become the frontrunners in presidential and congressional races. Betting on the Republican candidate or the Democratic candidate involves analyzing their chances of winning based on current national polls, public sentiment and historical election outcomes.
Odds for these candidates can shift dramatically as the election cycle progresses, influenced by debates, public appearances and policy announcements.
Independent candidates provide an interesting variable in election betting. While they typically face longer odds due to the dominance of the two major parties, a surge in support for an Independent candidate can shake up the betting landscape, offering potentially high returns for bettors willing to take the risk.
When placing bets on election parties, it’s important to stay informed about the latest developments in the political scene, including candidate nominations, party platforms, ballot data and key issues driving voter turnout.
Is election betting legal in the U.S.?
While it is not illegal for U.S. bettors to wager on the Presidential election, election betting odds are only available at offshore sportsbooks.
Even though you can’t find election odds at land-based sportsbooks in the U.S., betting on elections is legal and has an extensive history. The first election that Americans ever bet on was Ulysses S. Grant vs. Horatio Seymour in the late 1800s.
There are some options for betting on elections in the United States, but they’re a far cry from the commercial prediction markets offered at traditional election betting sites. For example, PredictIt is an online platform where users can trade shares on the outcomes of political events. It operates under a unique legal status, primarily intended for academic research rather than for-profit gambling.
The CFTC originally allowed PredictIt to operate because it was a non-profit project run by Victoria University of Wellington, New Zealand. It was used mainly for data gathering for academic research, distinguishing it from traditional political gambling sites. PredictIt offers a maximum payout under $1,000.
For these reasons, political bettors have always been better suited using licensed sportsbooks operating in other countries, like Bovada and BookMaker.
Popular Events for Election Betting
There are a lot of smaller political events that take place leading up to the selection of the official presidential candidates and there is even more that goes on between the announcement of a major party candidate and the official election day.
Here are some key events throughout the year that political bettors could cash in on:
- Presidential Primaries: The 2024 U.S. Presidential Primaries take place throughout early 2024, with specific dates varying by state. These primaries are significant as they determine the presidential candidates for both the Democratic and Republican parties.
- Iowa Caucus: The Iowa Caucus was held on February 5, 2024. Annually, the Iowa Caucus is the first primary election for both Republican and Democrat parties and holds significant influence over the nomination process. Bettors can place wagers on who will win, the margin of victory and the second-place finisher. BetUS offers a comprehensive range of odds for this crucial event.
- 2024 U.S. Presidential Election: The 2024 Presidential Election is scheduled for November 5, 2024. This high-stakes event determines the next President of the United States. Bettors can wager on various outcomes, including the outright winner, and various additional prop markets like the gender of the winner, winning party and margin of victory.
- U.S. Senate Elections: The presidential candidates are not the only people seeking election glory in November. The U.S. Senate Elections will also be held on November 5, 2024. These elections determine the composition of the Senate, with bettors able to wager on whether Republicans or Democrats will control over or under 50 seats.
How to Bet on Elections
Betting on elections involves predicting the outcomes of political events and placing a wager on those predictions. Here’s a straightforward guide on how to get started with election betting:
- Choose a Reputable Betting Site: First, select a trustworthy online sportsbook that offers election betting. Look for sites with positive reviews, a wide range of betting options and competitive odds. Offshore sites like Bovada, BetOnline and Heritage Sports are popular choices among bettors.
- Create an Account: Once you’ve chosen a site, sign up for an account. You’ll need to provide some basic information and possibly verify your identity. Make sure to take advantage of any sign-up bonuses or promotions.
- Deposit Funds: Before you can place a bet, you’ll need to deposit money into your account. Most sites offer various payment methods, including credit cards, e-wallets and cryptocurrencies. Choose the one that’s most convenient for you.
- Understand the Odds: Take some time to learn how the odds work. Positive odds (+) indicate the amount you would win on a $100 bet, while negative odds (-) show how much you need to bet to win $100. Odds can give you insights into the favorites and underdogs in any given election.
- Place Your Bet: Navigate to the election betting section of the site, find the market you’re interested in and choose your bet. This could be a bet on who will win an election, the margin of victory or other prop bets related to the political event.
- Monitor & Adjust: Keep an eye on how the odds change as the election approaches. You might find opportunities to place additional bets or adjust your strategy based on new information or shifting odds.
- Withdraw Your Winnings: If your bet wins, you’ll want to withdraw your winnings. Check the site’s policies on withdrawals, as there may be different options and processing times.
Betting on elections can add an extra layer of excitement to following political events. However, it’s important to bet responsibly and only wager what you can afford to lose. By understanding the odds and doing your research, you can make informed decisions and enjoy the world of political betting.
How do Presidential Elections work?
Becoming the president of a country, especially the United States, is a complex and rigorous process that involves many steps and requirements. Candidates must meet specific criteria, such as being a natural-born citizen, at least 35 years old, and having lived in the country for at least 14 years.
The journey from candidate to president involves several stages, from party nominations to nationwide campaigns and the final election. Here’s a quick guide to understanding how presidential elections work:
Primary and Caucus Season: Voters in each state select their preferred candidate within their political party. Primaries involve casting ballots, while caucuses are meetings where party members discuss and vote.
National Conventions: Each party holds a convention where delegates vote to nominate their actual candidate for president. The nominees also announce their vice-presidential running mates.
General Election Campaign: Candidates campaign across the country to win voter support. This period includes debates, advertisements and rallies. This gives the public a chance to understand different candidate strengths and weaknesses, and ultimately make their choice.
Election Day: Voters cast their ballots on a designated day, usually the first Tuesday after the first Monday in November in the U.S.. The election is based on the popular vote.
Electoral College: The U.S. uses an Electoral College system. Each state has electors based on its congressional representation. Most states use a winner-takes-all system. A candidate needs 270 out of 538 electoral votes to win.
Post-Election: Electors meet in their states to cast their votes for president and vice president. These votes are sent to Congress and counted in early January.
Inauguration: The president-elect takes the official oath of office on January 20th.
Key Election Terms to Know
Caucus: A meeting where local members of a political party register their preference among candidates running for office or select delegates to attend a convention.
Primary: An election where voters select candidates for an upcoming general election. Primaries can be open (any voter can participate) or closed (only registered party members can vote).
Delegate: A person chosen or elected to represent a group at a party convention. Delegates vote to nominate a party’s candidate for president.
National Convention: A gathering of delegates from a political party to officially nominate their candidate for president and establish the party’s platform.
Elector: A member of the Electoral College who is chosen to cast the official votes for president and vice president.
Popular Vote: The total number of votes cast by the public in an election, as opposed to the electoral vote.
Electoral Vote: The votes cast by members of the Electoral College, determining the winner of the presidential election.
Swing State: A state where both Democratic and Republican candidates have strong support, making it a key battleground, crucial in determining the outcome of the election.
Superdelegate: A delegate to the Democratic National Convention who is seated automatically and chooses for themselves for whom they vote. Superdelegates include party leaders and elected officials.
Incumbent: The current holder of a political office who is seeking re-election.
Running Mate: The candidate for vice president chosen by the presidential candidate.
Common Mistakes to Avoid
When betting on elections, it’s easy to fall into a few common traps. Being aware of these mistakes can help you make smarter betting decisions and potentially increase your chances of winning.
- Betting Based on Personal Bias: One of the biggest pitfalls is letting your personal political preferences influence your bets. It’s important to bet based on objective data and analysis rather than who you hope will win. Look at the odds, historical trends and unbiased political analyses to guide your decisions.
- Ignoring the Odds: Odds are a reflection of how the betting public and the bookmakers view the likelihood of an event happening. Ignoring them or misunderstanding how they work can lead to poorly placed bets. Take the time to understand what politics odds say about each candidate’s chances and whether or not the betting public and oddsmakers have a favorable opinion on their chances of making it to the White House.
- Failing to Shop for the Best Odds: Not all sportsbooks will offer the same odds on election outcomes. Failing to compare odds across different platforms can mean missing out on better returns. Always check multiple sites to ensure you’re getting the best value for your bet.
- Overlooking Smaller Markets: While the presidential election gets the most attention, there are often good betting opportunities in smaller races, such as congressional or local elections. These markets might have less information available, making it possible for well-informed bettors to find value.
- Chasing Losses: As with any form of gambling, it’s crucial to avoid the temptation to chase losses with bigger bets. This can lead to a cycle of losing more money in an attempt to recover previous losses. Set a budget for your betting and stick to it, regardless of wins or losses.
- Not Staying Updated: Political landscapes can change rapidly, affecting election odds. Not staying up-to-date with the latest news, polls and developments means you might be making bets based on outdated information. Regularly check reliable news sources and adjust your betting strategy accordingly.
By avoiding these common mistakes, you can approach election betting with a clearer strategy, improving your chances of placing successful bets. Remember, informed and measured betting is the key to enjoying and potentially profiting from the election betting market.
Conclusion
Election betting turns political forecasts into opportunities for strategic betting. By understanding odds, making informed choices and avoiding common pitfalls, bettors can engage more deeply with political events. Always bet wisely and stay updated to navigate the dynamic world of election betting successfully.
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 page as the odds change in the coming months ahead of the election in November 2024.
Election Betting FAQs
Who is leading polls for President in 2024?
Vice President Kamala Harris is currently ahead a few percentage points in the national polls, and is locked into a tight battle with Donald Trump according to swing state polls.
Where can I bet on the presidential election?
Offshore gambling sites are the only place Americans can find political betting markets. U.S. players can use these sites to view the latest presidential election betting odds, browse futures and additional prop markets on elections and more.
What political events can you bet on?
Political events ranging from small gubernatorial elections to larger congressional or presidential elections are available at offshore betting sites. You can place wagers on who will win the popular vote, how many Electoral college votes a candidate will receive per state, the outright winner and tons more.
What is the best political betting site?
BetOnline is the best sportsbook to compare politics odds and place bets. There is a huge variety of politics markets to choose from, including international elections. You can even bet on President Joe Biden finishing out his term in office.
Has a sitting president ever lost the nomination?
Every incumbent president since 1972 has secured the nomination of their political party. Current President Joe Biden has face ongoing problems with his approval, but was formally nominated in March 2024.
How many parties are there?
The United States has two major political parties: the Democratic Party and the Republican Party. However, there are numerous smaller parties, often referred to as third parties, such as the Libertarian Party, Green Party, Constitution Party and others.
