Bettors around the world are reflecting the “changing mood” of the presidential election at sportsbooks.
Although bookmakers in the United States cannot legally participate, the race between Democratic front-runner Vice President Kamala Harris and Republican candidate Donald Trump has narrowed with less than 100 days to go.
Harris won the presumptive nomination and has closely followed Trump on record throughout the first week of the campaign.
Harris started the race at +200 with British bookmaker Bet365 but dropped her odds to +137 a week later. Trump started the race against Harris at -200 with Bet365 but was at -175 as of Monday. The odds for both candidates are moving in the same direction at three international bookmakers regularly tracked by USA Today.
As of July 29, the odds for the 2024 general election are as follows:
Presidential Election Betting Odds
Bet365
- Donald Trump: -175
- Kamala Harris: +137
Via Covers.com
Bovada
- Donald Trump: -165
- Kamala Harris: +130
Betting Online
- Donald Trump: -145
- Kamala Harris: +130
Odds Checker
- Donald Trump: -141
- Kamala Harris: +158
How accurate have betting odds been in past presidential elections?
According to The Conversation, the favorite has only lost twice since 1866.
The two upsets were in 1948, when Harry Truman (Democrat) beat Thomas Dewey (Republican) against 8-to-1 odds, and in 2016, when Trump overcame 7-to-2 odds to beat Hillary Clinton (Democrat).
Biden was the betting favorite in the 2020 election, leading odds-shakers from May through November.
