Bettors Are Historically Split on Election Day
Going back to the past 11 elections, only once has the underdog pulled off the upset.
That underdog was Donald Trump in 2016 (nearly 4/1), and now Kamala Harris is aiming to turn the table and do the same in 2024.
BetOnline.ag's numbers on election morning have moved in favor of Trump. Harris closed the gap over the weekend (odds dropping to Trump -125, Harris -105), but the past 36 hours have seen the odds heavily shift back toward the former president.
2024 Presidential Election Odds
Donald Trump 4/7 (-175)
Kamala Harris 3/2 (+150)
That said, there's been no shortage of betting support for Harris. In terms of total money wagered, 54% has been bet on Trump and 46% has been bet on Harris, according to BetOnline.ag.
The online bookmaker said that it has "significant liability" on a Harris victory because the betting is nearly even and she has plus-money odds as the underdog.
"In the 20 years BetOnline has offered election odds, none of the prior elections came even close to the balance we currently have with Harris vs. Trump," Brand Manager Dave Mason said. "In 2016, nearly 65% of the money was on Clinton, and in 2020 Biden held around 60% of the handle. I think that just supports the notion that the outcome of this race will be closer than the odds indicate."
And while more money has been wagered on Trump, more people are betting on Harris. The bet count (number of wagers placed on each candidate) favors Harris…58% vs. 42%.
BetOnline is updating its election odds in real-time throughout Tuesday and even into the early hours of Wednesday morning. You can find the latest odds here: https://betonline.ag/
