US Presidential Election Odds: Donald Trump moves into ODDS-ON favourite at 5/6 to win the 2024 US Presidential Election as Joe Biden drifts in market!

Donald Trump is now the 5/6 favourite to win the 2024 US Presidential Election

Betting remains available on the 2024 US Presidential Election with Donald Trump moving into odds-on favourite to beat Joe Biden in the polls later this year.

Trump is running for re-election to a second, nonconsecutive term and would only become the second president to gain nonconsecutive terms after Grover Cleveland.

Bookmakers have slowly been shortening Trump's odds to win the closer we've been getting to the election and now we've entered 2024 he's moved into odds-on.

Various rumours in the past week have said that Michelle Obama could make a shock run for president which is why she is now 9/1 third favourite in Bet365's market.

Joe Biden drifts in the betting odds to 7/4 to win the election later this year

Current US President Joe Biden is now 7/4 to win the US Presidential Election once again with his odds drifting out to odds against.

Biden is now 81-years-old and is the oldest person to ever serve as US President but his approval ratings have been poor going into this year's election.

The latest betting odds now suggest there's a 36% chance of Biden serving as President once again with Trump's implied probability now at 54% based on the odds.

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Presidential Election Betting Odds

Trump also favourite to be the TIME Person of the Year for 2024

Further betting specials for 2024 look at who could win the Time Person of the Year towards the back end of the year and it's Trump who is also favourite in this market.

Trump leads the way for an award that is usually handed out to US Presidents when they win the election in that year, with Trump having won the Person of the Year before.

The former US President is 10/3 at the top of Paddy Power's betting market ahead of joint second favourites in Joe Biden and Artificial intelligence, which includes Chat GPT.

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Jake Ashton

Senior news editor

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