Presidential Betting Odds: Kamala Harris and Donald Trump Neck-and-Neck Following DNC Boost
Following the Democratic National Convention (DNC), the betting landscape for the presidential race shows Vice President Kamala Harris and former President Donald Trump nearly even in the odds.
The odds differ across various bookmakers; offshore sites like Bovada and BetOnline have Harris slightly ahead, while U.K.-based Bet365 and Betfair show them tied.
Over $5.125 million was bet on the Betfair Exchange in the week after the DNC.
While there was significant betting activity favoring Harris during the initial excitement of the Harris-Walz ticket, the momentum has since subsided.
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Timeline of Presidential Election Odds
Current Presidential Election Odds as of August 26
Betfair Exchange
- Kamala Harris: +102
- Donald Trump: +105
Bet 365
- Kamala Harris: -110
- Donald Trump: -110
via Covers.com
Bovada
- Kamala Harris: -115
- Donald Trump: -105
BetOnline
- Kamala Harris: -120
- Donald Trump: EVEN
Oddschecker
- Kamala Harris: +102
- Donald Trump: +106
Historical Accuracy of Betting Odds in Presidential Elections
According to the nonprofit news organization Conversation, the betting favorite has lost only twice since 1866.
Currently, at the 75-day mark, Harris has a very slim lead over Trump with odds of -102 on Betfair Exchange, making her the narrowest favorite among recent Democratic nominees. In comparison, Hillary Clinton’s odds stood at -323, but she ultimately lost in one of the rare instances where the underdog triumphed on election night.
The other major upset occurred in 1948, when Harry Truman (D) defied eight-to-one odds to beat Thomas Dewey (R).
When the market first opened for Harris’ vice-presidential selection, bettors largely overlooked Minnesota Governor Tim Walz. Pennsylvania Governor Josh Shapiro and Arizona Senator Mark Kelly were considered the frontrunners for much of the process, with Walz climbing in the odds especially in the final moments.