Donald Trump spearheaded the presidential race with multiple betting sites for several months in the lead-up to the fraught 2022 Midterm Elections. He remained the firm favorite right up to the day of the midterms, Tuesday, Nov. 8, 2022.

Then, soon thereafter, Trump’s outlook took a turn for the worse. Following a split decision in the Congress races – with the Democrats retaining control of the Senate and the Republicans winning a majority in the House of Representatives – Trump found himself usurped from his perch at the top of the politics odds board.

The culprit: Florida Governor Ron DeSantis. Suddenly, Trump had competition for the GOP’s backing in the form of the rising Republican star, who surged to the top of the political betting markets on the heels of a landslide victory in the Florida gubernatorial race. Not even Trump’s announcement the week after the midterms, confirming his intention to run for president in 2024, would restore his pre-midterms favor – at least not for the time being.

After this top trio, the odds move into the quadruple-digit territory, beginning with vice president Kamala Harris, who registers at +1400. Other potential presidential candidates range from Pete Buttigieg to Mike Pence and Michelle Obama, to name a few.

Political betting is not legal in the United States, but it is fair game with our neighbours across the pond. UK Bookmakers are known to offer US politics odds like these, known as “specials.” The news media often cites these numbers, and should American operators ever offer them, it would be a huge market, especially with New York and New Jersey betting sites.

2024 US Presidential Odds

Candidate	Before Midterms	After Midterms
Ron DeSantis	+400	+225
Donald Trump	+275	+350
Joe Biden	+550	+400
Kamala Harris	+1200	+1400
Gavin Newsom	+1600	+1600
Pete Buttigieg	+2500	+2500
Mike Pence	+2000	+2800
Gretchen Whitmer	+3300	+3300
Michelle Obama	+3300	+3300
Nikki Haley	+3300	+3300
Elizabeth Warren	+5000	+5000
Hillary Clinton	+4000	+5000

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Presidential Election odds via Ladbrokes as of November 22, 2022; political betting is not legal in the United States

2024 US Presidential Candidate Odds Tracker

The 2024 US Presidential race is still two years away, and in the run-up to the much-anticipated elections, oddsmakers have trotted out several potential candidates for bettors to consider. We preview some of the most likely contenders from both the Democratic and Republican parties below.

Ron DeSantis, +225

Florida Governor Ron DeSantis emerged as a GOP powerhouse, winning re-election with a 19-point margin. And with many Trump-endorsed candidates suffering defeats in key races across the country, the GOP might be compelled to leverage DeSantis’ rising star power.

Certainly, the markets have taken stock, slashing DeSantis’ odds from +400 to +225. Elsewhere, the race is much closer between DeSantis and Trump, however. This includes the bid for the GOP nomination where the former is priced at +130 and the latter at +150.

Donald Trump, +350

From the plush confines of his Mar-A-Lago estate, Trump announced his third White House bid on Tuesday, Nov. 15 – exactly a week after the 2022 Midterm Elections got underway. The former president is bidding to become only the second commander-in-chief ever elected to two non-consecutive terms in office.

Ladbrokes had Trump priced as low as +200 to become the next President on the eve of the 2022 US Midterms. But after the Republican’s underwhelming performance, his odds drifted out to +350.

As it is, Trump is firmly ensconced between DeSantis and Biden in the betting. But the twice impeached 45th president remains a force to be reckoned with within the party and beating him to the GOP nod is not likely to be straightforward, despite the odds.

Joe Biden, +400

Will Biden run for a second term? That is the million-dollar question. The now 80-year-old incumbent has done everything to give the impression he is, short of offering unequivocal confirmation that a White House run in 2024 is on the cards.

Biden went into the Midterms with lousy polling numbers while the Democrats were bracing themselves for a red tidal wave. If the octogenarian was looking to take direction from the Democrats’ midterm-election performance, then he could not have asked for a better sign than avoiding the shellacking that was foretold by the pollsters and the political punditocracy.

The fact of the matter is that Biden looks to be the best the Democrats have right now. Vice president Harris is a distant +1400 bet to become the next president, and after the VP, California Gov. Gavin Newsom comes in as the third best-priced Democrat at +1600 in the presidential race.

The rest of the field registers with odds that are above the +2000-mark. It’s fair to say that such high-ranging odds are hardly a ringing endorsement of their chances.