Find out how to read US Election odds as we get closer to election day, with Donald Trump v Kamala Harris attracting major attention in the betting markets.
Donald Trump v Kamala Harris has caught the attention of people all over the world as the 2024 US Election concludes tomorrow, Tuesday, November 5th.
The final voters will be taking to the polls as America sales its fate - will Trump secure his second term in office at the White House, or will Harris become the first-ever female US President having served as Joe Biden's Vice since 2021?
Popularity in betting on the US Election has ramped up this week, with the odds tightening between the two leading candidates, meaning the key swing states could prove to be pivotal for either potential winner. This has made the race for Presidency even more exciting with plenty of betting markets and odds available as we get closer to election day.
All bookmakers currently have Trump as favourite to become the next US President, but this is just one of many betting markets available, and we're here to explain everything you need to know about the US Election odds and how you can read them.
Before we get into the US Election odds, let's take a look at the best offers for this year's Presidential vote.
What the US Election Odds Mean
You'll see a lot of figures going around in relation to the US Election, which you will see in the table below. This table also explains what each of the odds mean in terms of implied probability and how much you could win from a £10 bet.
| Fractional Odds | Return from a £10 Bet | Implied Probability |
|---|---|---|
| 8/15 | £15.30 | 65.2% |
| 4/7 | £15.70 | 63.6% |
| 3/5 | £16 | 62.5% |
| 8/13 | £16.15 | 61.9% |
| 13/20 | £16.50 | 60.6% |
| 4/6 | £16.67 | 60% |
| 67/100 | £16.70 | 59.9% |
| 1/1 | £20 | 50% |
| 6/5 | £22 | 45.5% |
| 11/8 | £23.75 | 42.1% |
| 7/5 | £24 | 41.7% |
| 6/4 | £25 | 40% |
Best US Election Betting Offers
Here are the best betting offers for the 2024 US Election:
- Betfair Exchange - Bet £10 Get £40 on the US Election
- BetVictor - Get 30/1 on Trump or 50/1 on Harris to Win the Election
- bet365 - Bet £10 Get £30 in Free Bets
- Paddy Power - Bet £5 Get £30 in Free Bets
- Ladbrokes - Bet £5 Get £20 in Free Bets
- William Hill - Bet £10 Get £60 in Bonuses
- Sky Bet - Bet on the US Election, Get £40 in Free Bets
How to Read US Election Odds
Reading US Election odds can be confusing, especially if you're new to betting. That is why we have provided this simple guide to get your head around the election odds and their meanings.
US Election Favourite v Underdog
Every market you bet on will have a value attached to it whether that be fractional or decimal in the UK, or +/- in the US. The favourite will tend the have what is called 'shorter odds', and in the case of this US Election, Donald Trump is the favourite.
With fractional odds, the favourites tend to have a smaller number as the numerator, so in this case, Trump's odds are 8/13 with multiple bookmakers, while Harris' odds are 6/4. To help explain this further, take a look at the information in the table below.
| Election Candidate | Fractional Odds | US Odds | Money Won from £10 Bet |
|---|---|---|---|
| Donald Trump | 8/13 | -163 | £16.15 |
| Kamala Harris | 6/4 | +150 | £25 |
As you can see from these odds, betting on Trump, the favourite to win the election, will provide a smaller return from a £10 bet because the likelihood of him winning is greater. According to the odds, betting on Harris is a greater risk which is why the potential returns are greater.
In comparison to the typical American odds format, their US Election odds will normally be shown as a '+' or '-' before a number. In this case, the minus character shows Trump to be the favourite, with Harris as the underdog due to the plus symbol.
Fractional Odds: What are 6/4 Odds?
As we mentioned earlier, a fraction is used to decide the value of a bet and how much you could win depending on how much you stake.
If the odds are 4/1, then a £1 bet would see you win £4, plus the initial £1 stake bringing the total return to £5. In other words, the numerator of the fraction determines how much you win if you stake the denominator.
| Candidate | Fractional Odds | Money Won from £10 Bet |
|---|---|---|
| Kamala Harris | 6/4 | £25 |
In the case of betting on Harris, her odds are 6/4 so if you were to bet £4, you would then win £6 plus the initial £4 stake, bringing the total win to £10.
What do 6/4 Odds Mean?
6/4 odds means that you would have to stake £4 to win £6 when placing a bet on the US Election or any other market. This would also mean you'd get your £4 stake back, making the total win £10.
In the case of the US Election, Kamala Harris' latest odds are currently 6/4 to win, which means she has an implied probability of 40%, making her the underdog.
What are 4/6 Odds?
4/6 is a price that we have seen a lot on election day, with most bookies setting Trump to win at these odds. This price means that punters would have to bet £6 to win £4.
By placing a £6 bet on Trump to win, you would win £4 plus the £6 stake, totalling a win of £10.
As the odds and winnings suggest, the outcome of this bet is likelier meaning your bet would return a smaller amount compared to an outcome with a less likely outcome, such as betting on Kamala Harris currently.
| Candidate | Fractional Odds | Money Won from £10 Bet |
|---|---|---|
| Donald Trump | 4/6 | £16.67 |
What are 4/7 Odds?
Another set of odds that seems to be popular with Donald Trump markets is 4/7, which provides less value than 4/6 odds which we have seen.
This is because you would have to bet a higher amount to win £4. In this instance, you would need to wager £7 in order to win £4 plus the original stake.
This would provide a total win of £11 when betting on the US Election or any other market.
| Candidate | Fractional Odds | Money Won from £10 Bet |
|---|---|---|
| Donald Trump | 4/7 | £15.71 |
Fractional Odds: What are 8/13 Odds?
When the odds are the opposite way round, with the denominator larger than the numerator, punters will see a smaller return on their bet.
In the case of Trump, you would have to bet £13 at odds of 8/13 to see a profit of £8, which would then bring the total win up to £21 which would include the £13 stake.
| Candidate | Fractional Odds | Money Won from £10 Bet |
|---|---|---|
| Donald Trump | 8/13 | £16.15 |
How to Find the Best Value US Election Odds
It can be hard to find markets that provide a decent payout and have a better chance of winning. In this instance, the US Election Winner may not provide as much value as the key swing states, as a change in the party could be much more valuable.
For example, the state of Michigan voted for the Democrats in the last election but has a chance to swing the vote this time by becoming Republican. The Republicans are 7/4 to win in Michigan, which would return £27.50 from a £10 bet, whereas the Democrats are 8/15 to win in Michigan, which would return £15.33 from £10.
US Election Bet Example for Republicans and Democrats
Republican:
- Donald Trump to Win - 8/13 (£10 bet wins £16.15)
- Donald Trump to win Pennsylvania, Wisconsin, Michigan and Nevada - 7/4 (£10 bet wins £27.50)
- Donald Trump to win over 90 million votes - 6/1 (£10 bet wins £70)
Democrat:
- Kamala Harris to Win - 6/4 (£10 bet wins £25)
- Kamala Harris to Win each of Michigan, Pennsylvania and Wisconsin - 7/4 (£10 bet wins £27.50)
- Kamala Harris to Win both of Georgia and North Carolina - 12/5 (£10 bet wins £34)
William Hill
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