Ron DeSantis now +225 Favorite to Become the Next US President Following Midterm Damage to Trump Chances.

While the Democrats are positioned to retain majority in the U.S. Senate, a Republican candidate is arguably the most newsworthy winner from Tuesday Night. Florida Governor Ron DeSantis won his reelection bid by nearly 20 points over Charlie Crist, receiving 1.5 million more votes than his Democratic challenger with sportsbooks now making him the +225 favorite in the betting to become the next POTUS

ALSO READ

Presidential Election Betting Odds

Conversely, Trump-endorsed candidates had a disastrous Election Night, namely Dr. Mehmet Oz falling to John Fetterman despite betting suggesting it would go the other way in the Pennsylvania Senate race and Tudor Dixon’s decisive defeat in the Michigan Gubernatorial Race (10.6 points). Betting markets have responded overnight, vaulting Ron DeSantis past Trump in the presidential pecking order for 2024. 

Next US President Betting Odds

Democratic Candidates

President Biden is treading water in the eyes of oddsmakers. He has been positioned third in the race for the White House since early 2022 and his odds have hovered around 5:1 and 6:1 for the past two months. His approval ratings have stabilized in the lower 40s since mid-August. For perspective, this puts him on par with Donald Trump during his first two years in office, slightly behind Barack Obama back in 2010 and nearly identical to Bill Clinton in 1995. 

Gavin Newsom, California’s 55-year old governor, has improved in presidential polls and betting markets in the last month. Kamala Harris was viewed as the most viable Democratic candidate, not named Biden, until this week. Newsom’s odds have fallen from 20:1 in August to 12:1 as of publication. Much like Governor DeSantis in Florida, Newsom is a fundraising savant, but it’s his digital warchest that has caught journalists’ attention. According to Politico, the governor has 6 million emails and 1.5 million phone numbers at his disposal. The data and fundraising potential of those touchpoints give him a strategic advantage moving forward.

Republican Candidates

Ron DeSantis has the pedigree, the financial backing, and a historically advantageous path (Governor to President) to justify oddsmakers viewing him as the man to beat in the 2024 Presidential Race. That being said, with his odds now sub +300 at most sportsbooks, it’s hard to justify tying up your money for nearly two years at odds this short. 

Then there is the wildcard factor of Donald Trump. Not only could Trump rebound in the polls, he also could torpedo DeSantis with an aggressive smear campaign in the coming months. What we know for certain is that it is unwise to count Trump out because there are no limits, ethical or otherwise, to what he may do on the campaign trail.

If DeSantis does come out on top, I would think that Nikki Haley (Former South Carolina Governor) would be on his shortlist for Vice President. The 50-year old has a resume that includes a stint in Congress, six years as the Governor of South Carolina and a year as the U.S. Ambassador to the United Nations. She has the potential to appeal to moderate swing voters. 

Party Odds

If the laundry list of candidates is overwhelming, you can always place a wager on which party will win the 2024 U.S. Presidential Election. 

Which Party will win the Next Presidential Election Betting Odds