2024 Election Odds: Donald Trump Now Firmly the Favorite for 2024 Election Following Iowa Caucus Win
The 2024 Election has reached its first landmark after Donald Trump won the Iowa Caucus on Monday night. Can Trump use the momentum to take over and win the general election? Jason Radowitz explores the latest 2024 election odds as the race heats up.
Jason Radowitz - January 16, 2024, 2:30 PM EST
5 min2024 Election Odds: Donald Trump Now Firmly the Favorite for 2024 Election Following Iowa Caucus Win
The 2024 presidential race began after Donald Trump won an overwhelming victory in the US's first election contest of 2024 in the Iowa caucuses. The Associated Press called the race for Trump less than an hour into the ballots being cast. However, for second place, Ron DeSantis edged out Nikki Haley in a pretty significant upset. Trump's margin of victory increased by 12 percentage points from the last time, proving that Trump has a legitimate chance at winning another term as President in 2024. After the Iowa win, Trump is currently the favorite to be the next US President. Check out the odds below.
US Presidental Election 2024 Odds
2024 President | Odds | Implied Probability |
|---|---|---|
Donald Trump | +130 | 43.48% |
Joe Biden | +205 | 32.79% |
Nikki Haley | +1850 | 5.3% |
Michelle Obama | +2000 | 4.76% |
Gavin Newsom | +2900 | 3.33% |
Donald Trump Odds (+130) Click here to see which sportsbook has the best odds
It's more likely that Donald Trump will earn a rematch against Joe Biden in 2024 to be the next President of the United States. His resounding win in Iowa ultimately proves that many voters are pivoting toward Trump. Meanwhile, another Republican nominee, Nikki Haley, said she won't debate unless it's against Donald Trump or Joe Biden, admitting that Trump and Biden are the two to beat right now.
Joe Biden Odds (+205) Click here to see which sportsbook has the best odds
Biden's approval rate is dropping lower and lower. Biden is aging, which hasn't been sitting well with most of America. However, democrats will still do whatever they can to try and keep Trump out of office. With Biden being the only legitimate candidate on the Democratic side at this point, he will still get plenty of votes.
Nikki Haley Odds (+1850) Click here to see which sportsbook has the best odds
Nikki Haley didn't even get second place in the Iowa Caucus. She lost to Ron DeSantis in a significant upset. Could that be a foreshadow of what's to come? The AP Poll showed that Haley led DeSantis in the Iowa Caucuses just four days ago. But that was simply wrong. Therefore, her odds have dropped to +1850, showing that the race will likely come down to Trump and Biden again.
