Harris cements place as bettor's top Dem., Trump's odds lengthen after Biden drops out
President Joe Biden dropped out of the presidential race Sunday, shaking up the political campaign and the betting markets.
Vice President Kamala Harris solidified her position as the leading Democratic candidate in the betting market, completing a charge that began after Biden was diagnosed with COVID Wednesday.
Biden endorsed Harris in a separate social media post, followed by the Clintons who remain power players in the party.
My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best… pic.twitter.com/x8DnvuImJV
— Joe Biden (@JoeBiden) July 21, 2024
Former President Donald Trump remains the betting favorite in the Presidential race, which bookmakers can't legally take action on in the U.S., though his odds on Bovada and BetOnline have lengthened from where they were before he formally accepted the Republican nomination.
Here are the Presidential and Democratic nomination betting odds as of July 21.
Presidential betting odds
Bovada
Donald Trump: -215
Kamala Harris: +190
Michelle Obama: +2800
Gavin Newsom: +3300
Gretchen Whitmer: +4000
BetOnline
Donald Trump: -200
Kamala Harris: +200
Michelle Obama: +2000
Gretchen Whitmer: +2500
Gavin Newsom: +3300
Oddschecker
Donald Trump: -156
Kamala Harris: +300
Michelle Obama: +3500
Gavin Newsom: +4100
Gretchen Whitmer: +4700
Democratic nomination betting odds
Bovada
Kamala Harris: -400
Michelle Obama: +1200
Gretchen Whitmer: +1200
Gavin Newsom: +1400
Hillary Clinton: +1600
Oddschecker
Kamala Harris: -435
Gavin Newsom: +1850
Michelle Obama: +2100
Gretchen Whitmer: +2300
Hillary Clinton: +3300
How accurate have betting odds been in past Presidential elections?
The betting favorite has only lost twice since 1866, according to the Conversation.
The two upsets came in 1948, when Harry Truman (D) beat eight to one odds to defeat Thomas Dewey (R), and in 2016, when Trump overcame seven to two odds to beat Hillary Clinton (D).
Biden was the betting favorite in the 2020 race, holding the pole position with Oddscheker from May through November.
This article originally appeared on USA TODAY: Election odds favor Harris among Democrats after Biden drops out
