The latest odds for the 2024 presidential election are on the move as we approach Election Day on Tuesday, Nov. 5. Donald Trump is a -125 favorite while Kamala Harris tightened the gap to -110. Yesterday, Trump was a -144 favorite while Harris sat at +122. The shift came after a new poll showed Harris had a surprising lead over Trump in Iowa.
This article examines the presidential election betting odds, national polls, swing-state dynamics and expert forecasts to provide a detailed understanding of the race.
Let's get to the latest presidential election odds.
2024 Presidential Election Odds and Predictions
| Presidential Candidate | Election Odds | Chance to Win |
|---|---|---|
| Donald Trump | -125 | 51.47% |
| Kamala Harris | -110 | 48.53% |
Odds via BetMGM UK on Sunday, Nov. 3. The "chance to win the election" percentages are based on implied probabilities with the vigorish removed.
Key Election Takeaways
- Donald Trump currently leads U.S. presidential election predictions with a 51.47% chance of winning the 2024 election, while Kamala Harris stands at 48.53%, with just two days until the election.
- Those chances to win are based on election odds of -125 for Trump and +110 for Harris.
- Trump's odds have swung all around over the past week, as his chances were slightly below 60% just seven days ago but around 65% two days ago. However, …
- The Des Moines Register/Selzer poll dropped on Saturday night. It has Harris leading Trump 47% to 44% in Iowa, which helped Harris' odds tighten the gap on Sunday.
Trump's Betting Odds
Donald Trump stands as the betting favorite in the 2024 presidential election at odds of -125, translating to a 51.47% chance of victory. A couple of days prior marked the highest Trump’s chances had been since Joe Biden exited the race, a time when Trump's odds were even stronger at -225 but came down from Wednesday's new peak of -200.
Trump’s betting odds reached their peak following an assassination attempt in July, with his odds soaring to -400.
Harris' Betting Odds
Kamala Harris has odds of -110, giving her a 48.53% chance of winning the 2024 presidential election. This is a significant jump for Harris, who was +150 (38.26%) two days ago.
Her journey in the betting markets has been a rollercoaster. Harris first became a betting favorite over Trump shortly after replacing Joe Biden as the Democratic nominee in early August. Trump reclaimed the lead two weeks later. Harris surpassed him once again during the Harris vs. Trump presidential debate in September, but Trump once again became the betting favorite in the second week of October. Since then, Trump's odds have only gotten better but have recently plateaued.
Harris received a bump following favorable results from several reputable polls:
- Marist: Wisconsin (Harris +2), Pennsylvania (Harris +2), Michigan (Harris +2)
- Marquette: Wisconsin (Harris +1)
- Selzer: Iowa (Harris +3)
National Polling Averages
National polling averages serve as a crucial barometer for gauging the potential outcome of the presidential election. Recent national averages indicate that Trump is leading Harris by approximately seven percentage points at 53% to 46%, suggesting a gap for Harris to overcome.
Among Harris supporters, 68% view the economy as a significant factor in their voting decision, while a staggering 93% of Trump supporters consider it crucial. This highlights the economy’s pivotal role in shaping voter preferences.
Understanding polling methodologies is essential for interpreting national polls accurately. Organizations like FiveThirtyEight aggregate data from individual polls, both nationally and in battleground states, to create comprehensive polling averages. The margin of error in these polls indicates the range within which the true value likely falls, providing a measure of reliability.
However, polling organizations face significant challenges in predicting voter turnout, which can affect the accuracy of their results. Accurate methodologies are crucial for understanding how different polling data can predict election outcomes, highlighting the importance of considering these factors in electoral forecasting.
Pathways to Victory
Based on the current election odds and the projected electoral map, Donald Trump has numerous paths to winning the 2024 election. It's probably more helpful to dissect how Kamala Harris can win the election based on the latest predictions.
If Harris Wins Michigan
Harris could win the election by winning Michigan, where she has currently moved into the position of very small favorite over Trump, and also winning three of the following five states:
- Arizona (+250 underdog)
- Georgia (+225 underdog)
- North Carolina (+225 underdog)
- Pennsylvania (+100 underdog)
- Wisconsin (-111 underdog)
If Harris Loses Michigan
Harris could still win the election if she loses Michigan if she wins:
- Pennsylvania
- Georgia
- And one or more of:
- Arizona
- Wisconsin
- North Carolina
OR
- Pennsylvania
- North Carolina
- And one or more of:
- Arizona
- Georgia
- Wisconsin
If Harris Loses Michigan and Pennsylvania
Harris could still win the election if she loses both Michigan and Pennsylvania if she wins:
- Georgia and North Carolina
- Either:
- Arizona OR Wisconsin AND Nevada
- Arizona AND Wisconsin
Electoral College Projections
To win the presidential election, a candidate must secure 270 electoral votes. The popular vote’s impact culminates in the allocation of 538 electoral votes, primarily determined by the number of congressional representatives each state has. Battleground states hold unpredictable voting patterns, making them vital in determining the election’s outcome.
According to the odds for how many electoral votes each candidate will win, the most likely presidential election prediction is for Trump to win between 300 and 329 electoral votes, with Harris earning between 210 and 239 votes, a 26.63% chance. The next most likely outcome is Trump winning the election with 270 to 299 electoral votes, a 22.54% chance.
The election outcome is likely to depend on just a few thousand voters in key battleground states, highlighting their importance. As we project the distribution of electoral votes and explore pathways to victory for each candidate, the significance of these states becomes even more apparent.
Predicted Electoral Vote Distribution
How Many Electoral Votes Will Donald Trump Win?
| Trump Electoral Votes Won | Odds | Percentage Chance |
|---|---|---|
| 179 or Fewer | +2500 | 2.82% |
| 180-209 | +1400 | 4.88% |
| 210-239 | +500 | 12.21% |
| 240-269 | +350 | 16.28% |
| 270-299 | +225 | 22.54% |
| 300-329 | +175 | 26.63% |
| 330-359 | +650 | 9.77% |
| 360+ | +1400 | 4.88% |
How Many Electoral Votes Will Kamala Harris Win?
| Harris Electoral Votes Won | Odds | Percentage Chance |
|---|---|---|
| 179 or Fewer | +1400 | 4.77% |
| 180-209 | +500 | 11.93% |
| 210-239 | +225 | 22.02% |
| 240-269 | +250 | 20.45% |
| 270-299 | +300 | 17.89% |
| 300-329 | +450 | 13.01% |
| 330-359 | +1000 | 6.51% |
| 360+ | +2000 | 3.41% |
Frequently Asked Questions
What are the current betting odds for the 2024 presidential election?
Currently, Donald Trump has a 59% chance of winning the 2024 presidential election, reflected by a betting line of -144, while Kamala Harris has a 45% chance with a +122 betting line.
Which are the key swing states for the 2024 election?
The key swing states for the 2024 election are Arizona, Florida, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. These states will be crucial in determining the outcome of the election.
How do national polling averages impact election predictions?
National polling averages are essential for forecasting election outcomes as they reflect voter preferences and trends. Relying on these averages helps to make informed predictions about election results.
What are the predicted electoral vote distributions for Harris and Trump?
Predictions indicate that Trump may secure between 300 and 329 electoral votes, whereas Harris is forecasted to receive between 210 and 239 electoral votes.
How can unexpected swing state wins alter the election outcome?
Unexpected swing state wins can dramatically shift the Electoral College balance, ultimately altering the election outcome by changing which candidate gains the necessary electoral votes. Such victories can ignite momentum and influence voter perceptions nationwide.
