So if Donald Trump has -110 odds to win the 2024 US Presidential Election, and Joe Biden has +125 odds, this indicates that Trump is more likely to win the election with his -110 odds.Ī negative number indicates a favorite, but in the case of two positive numbers, let’s say +125 and +250, the +125 would be the favored candidate.
With the American odds format, each candidate will have a negative or positive number next to their name, and that signifies the likelihood of them winning the race. When it comes to political betting, the odds are usually the most important puzzle piece, as you have to be able to understand the difference between an underdog and favorite, as well as recognize which candidate the sportsbooks are adjusting lines for, and where the consensus is leaning in terms of betting dollars. The first step is to understand Presidential betting odds.
Understanding the different betting types (while they’re fairly straight forward) will help you figure out which bets are the smartest, and will win the most cash.Įlections are long and drawn out – especially the US election, where a term lasts four years and candidates essentially begin campaigning for the following election as soon as the President takes office. First and foremost, we want to make sure you understand how to bet on political odds.
