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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
