Trump Flips to Favorite Due to Betting Patterns; Musk's Wagers

Just like sports, betting patterns and volume can manipulate who is perceived as the favorite and underdog in political elections.

The wagering or who is labeled as the favorite or underdog by bookmakers does not have any impact on the election result itself. We've seen underdogs win (Trump over Clinton) and we've seen favorites win (Obama over Romney), just like we do in sports.

BetOnline.ag is reporting that Trump has flipped back to the favorite position on Monday morning. The North-American platform is seeing the same kind of large wagers as other global betting exchanges.

Here are the current 2024 Election odds:

2024 Election

Donald Trump   -115

Kamala Harris   -105

Anyone Else      +5000 (50/1)

Additionally, BetOnline has created a trio of Elon Musk prop bets amid speculation that the tech tycoon could be wagering on Trump with cryptocurrency.

Per company policy, BetOnline.ag would not disclose whether or not Musk is a current customer.

Will Elon Musk publicly state he bet on Trump to win Election?

Yes                   -150    

No                    +110   

What will happen first?

Elon Musk publicly states he’s wagered on Trump to win                        -200

Elon Musk publicly states Trump donation amount                     +150

How much did Elon Musk bet on Trump to win?

Over/Under      10 million