How to Bet on the U.S. Presidential Election

How to Bet on the U.S. Presidential Election article feature image
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Getty Images. Pictured: Kamala Harris and Donald Trump

Do you want to bet on the 2024 U.S. Presidential election? We've got you covered.

The presidential election between Kamala Harris and Donald Trump will be decided with the arrival of election day on Tuesday, November 5.

Here are your four options, though some sportsbooks have started to take odds off the board as results roll in. Prediction markets will stay live throughout the night.

  • Social sportsbooks like Rebet, which is available in almost every state, offered election odds earlier in the day, but pulled them at night as results began to come in. Learn more about sweepstakes betting here (hint: it's very similar to real betting). In addition to social sportsbooks, there are social casinos you can check out in most states.
  • Kalshi is the first legal and regulated prediction market in the U.S. to bet on the presidential election. You can sign up if you're in the U.S. They have the election winner, plus dozens of other derivative markets like state-by-state winner, margin of victory, closest state, last state to confirm the election results, and much more.
  • Robinhood, the stock trading platform, is also offering markets on the presidential election.
  • Non-American regulated sportsbooks such as FanDuel Ontario and BetMGM UK offer election odds. So you won't see it at popular sportsbooks like DraftKings in the U.S., but you will see odds from sportsbooks cited since they're available in other countries. FanDuel briefly offered it in the U.S. four years ago, but had to pull it almost immediately due to regulatory issues.

At Action Network, we've got you covered on everything you need to know before betting the presidential election, including odds and predictions.

For updated odds throughout the day, click here.

How to Bet on the Election

Depending on the platform you're using, you may see the odds in either percentages or in American odds.

On the prediction markets, it will be in percentages. You're buying a "contract" at the listed price that will settle at $1 if you win, and $0 if you lose.

So if you back Kamala Harris at 43 cents, you're profiting 57 cents and keeping your 43 cents for every dollar staked. If you put in $100, you'll profit $133 and keep your $100 stake for $233 total.

If you back Trump at 59 cents and he wins, you're keeping the 59 cents for every dollar, and profiting 41 cents for every dollar you put in. So a $100 stake ends up with $69 in profit, and you keep your $100.

election odds at robinhood

Presidential Election Predictions

  • Election Best Bets: Our election expert has broken down the race from a myriad of angles and has three bets he's making.
  • Election Props: Last State Called, Electoral College Margin, and more bets from our election expert.

Election Odds in Other Key States

  • Arizona: Trump entered Election Day as about a 2-1 favorite, but is that price too steep? Early voting data and district level polling is suggesting statewide and national polling is more likely underestimating Harris in this cycle.
  • FloridaTrump is a huge favorite in the Sunshine State, and a Harris win would be the result of a major polling miss nationally.
  • GeorgiaThere's a lot to still be decided in Georgia, a red state shifting blue over the last eight years, with turnout in both red and blue counties already up from 2020 in early voting.
  • IowaTrump dropped from a massive favorite to a slightly less massive favorite over the weekend thanks to some prominent pollsters releasing their data. There's still some betting value on the board, but you may have to lay a steep price.
  • Michigan: Joe Biden took Michigan in 2020 and Harris seems poised for another victory here as a slight favorite entering the day.
  • NevadaMail-in ballots in Clark County (where Las Vegas is located) will play a huge role in NV — is it enough to give the edge to Harris, who is a small underdog entering Tuesday?
  • New HampshireHarris is a big favorite here, but in the event of a broad polling miss, there's some betting value on a prop here.
  • North Carolina: Trump is favored in the Tar Heel State, but should he be? This race will likely come down to which side goes to the independent voters.
  • OhioTrump is a massive favorite in Ohio, which has gone red the last two elections after going blue for Barack Obama the previous two.
  • PennsylvaniaThe most important state in the election, PA is close to 50/50 entering Election Day.
  • Texas: Trump is a huge favorite in Texas and only a big polling miss would create any changes there.
  • WisconsinJoe Biden won Wisconsin in 2020 by just more than 20,000 votes, and WI is setting up for another razor-thin race in 2024.
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About the Author
Action Network is a team of seasoned sports betting experts specializing in a broad range of sports, from the NFL and NBA to less mainstream options like cricket and darts. Their staff includes well-known analysts like Sean Koerner and Stuckey, recognized for their accurate predictions and deep sports knowledge. The team is dedicated to delivering expert analysis and daily best bets, ensuring bettors are well-informed across all major sports.

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