2024 US Presidential Betting: Joe Biden Odds for Second Term Improve

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2024 US Presidential Betting:  Joe Biden Odds for Second Term Improve
US president Joe Biden is about to board. (Photo by MARTIAL TREZZINI / POOL / AFP)

On the heels of Joe Biden’s election victory, top sportsbooks rolled out early political odds for the 2024 US Elections with the betting line leaning conspicuously against Biden’s re-election while at the same time favoring his vice president Kamala Harris in the race to the White House. Five months and some change into Biden’s presidency and, well, it looks like the septuagenarian has actually made inroads with several betting sites at the very least as he is now the slight fave to win a second term in office.

Being only a slight fave may seem like much ado about nothing, but in Biden’s case, it’s actually something. Heck, it’s a big deal because it represents a traceable shift in perception that is worth taking stock of.

To begin with, it’s rare that an incumbent doesn’t open as the market’s favorite for re-election – unless of course if it’s the second term already and it’s a question of ineligibility (American presidents can only ever serve two terms maximum). In Biden’s case, that wasn’t the case obviously. He was embarking on his first-ever term as the president of the United States. So, the reality is that he was in fact the first president to open at the disadvantage in the betting.

And to add insult to injury, his own VP was bequeathed the favor that would have typically been his right as the incumbent. This despite the fact that the United States has never seen a female politician preside over the Oval Office. And yet. Harris made history by becoming the first-ever female vice president and it would seem she was earmarked for even greater success on the political landscape.

US Vice President Kamala Harris(R) speaks during a meeting with members of the Democratic Texas State Senate. (Photo by MANDEL NGAN / AFP)

Biden’s less than encouraging outlook rested largely on his age. At the start of his presidency, Biden turned 78 years of age which made him the oldest president in the history of American politics. If follows that by the time he’s up for a second term, he’ll be pushing 82 years of age and thus set a new record again.

Ahead of Biden’s presidency, the notion that he would be a single-term president only surfaced. A sort of unity figure that would pave the way for the next generation of Democratic leaders to take over the White House. Where this idea came from is hard to say exactly but it was propagated incessantly in the run up to the 2020 US Elections. Perhaps, it’s one of the reasons why bookmakers gave more consideration to Harris instead of Biden.

US President Joe Biden holds a press conference. (Photo by PETER KLAUNZER / POOL / AFP)

Recently, however, Biden announced that he did actually intend to run for president again in four years with Kamala Harris as his running mate again. “The answer is yes, my plan is to run for re-election,” Mr Biden said. “That’s my expectation.”

Biden’s favor is by no means sacrosanct nor is it unanimous across the board. It really depends which bookmaker bettors turn to for political odds. However, several top sportsbooks such as BetOnline (see BetOnline Review), have Biden nudging ahead of the field and importantly ahead of Kamala Harris.

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As per BetOnline, Biden is tipped at +275 while Harris is tipped at +350. Both are tipped ahead of Donald Trump Sr. at +600 too, although the former president is yet to announce his campaign officially.

The next presidential election won’t be for years. The exact date is November 24th, 2024.

Odds to Win the 2024 Presidential Election

  • Joe Biden +275
  • Kamala Harris +350
  • Donald Trump Sr. +600
  • Ron DeSantis +900
  • Nikki Haley +1400
  • Elizabeth Warren +2500
  • Mike Pence +2500
  • Ivanka Trump +2800
  • Mike Pompeo +2800
  • Kristi Noem +3300
  • Tucker Carlsson +3300
  • Dwayne Johnson +4000
  • Ted Cruz +4000
  • Candace Owens +5000
  • Donald Trump Jr. +5000
  • Josh Hawley +5000
  • Michelle Obama +5000
  • Pete Buttigieg +5000
  • Dan Crenshaw +6000
  • Liz Cheney +6000
  • Alexandria Ocasio-Cortez +6600
  • Mark Cuban +6600
  • Tim Scott +6600
  • Tom Cotton +6600
  • Michael Bloomberg +8000
  • Amy Klobuchar +10000
  • Bernie Sanders +10000
  • Chris Christie +10000
  • Greg Abbott +10000
  • Hillary Clinton +10000
  • Joe Rogan +10000
  • Marco Rubio +10000
  • Mitt Romney +10000
  • Tulsi Gabbard +10000
  • Andrew Yang +12500
  • Beto O’Rourke +12500
  • Jon Stewart +12500
  • Paul Ryan +12500
  • Rand Paul +12500