Democratic presidential nominee Vice President Kamala Harris speaks to reporters in Philadelphia, … [+]
The watch and wager action is really heating up less than two weeks before the 2024 U.S. Presidential election on Nov. 5. Former Republican president Donald Trump is gaining more traction and increased interest as the steaming favorite to be the next president of the United States. Democratic presidential nominee Vice President Kamala Harris was the slight favorite three months ago shortly after she replaced President Joe Biden as the new Democratic candidate.
But just like NFL teams go through peaks and valley’s during the course of a football season, teams make their move as the season progresses towards the more meaningful playoffs. More bettors are showing signs of support that Team Trump is the one to bet on and beat as election day nears.
While political fans and bettors are unable to place legal bets in the U.S. on the presidential election at the top online sportsbooks, offshore betting sites continue to take bets and massive wagering is fueling the increasing odds favoring Trump.
Leading Panama-based betting site BetOnline continues to take more U.S. currency bets with the biggest bets now coming in on Trump. That’s driven his odds up to -175, and now dipping slightly after a $50,000 bet came in on Kamala Harris Oct. 22. But BetOnline took the biggest single bet (not re-bet) on Donald Trump on Oct. 23 at $80,000 to win $50,000 at -160 odds.
A “high level of interest and wagering” continues, said BetOnline sportsbook manager Adam Burns.
BetOnline.ag also accepts cryptocurrencies, and has embraced Bitcoin as a secure and convenient payment method. BetOnline.ag allows users to deposit, place bets, and withdraw funds using Bitcoin, ensuring quick and hassle-free transactions.
BetOnline sportsbook brand marketing manager Dave Mason posts political odds and related sports betting updates on his X account.
Presidential Election odds are subject to change and are updated in real-time.
The prediction marketplace’s soaring popularity has increased in other forms of betting. The crypto-based Polymarket gives Trump a 66% chance of prevailing over Harris, the first time his odds have risen over 65% since July 21, the day Biden dropped his reelection bid. On Aug. 1, some $446 million had been wagered on Polymarket on the outcome of the presidential election in November. That number has since soared to $2.4 billion on the New York City-based crypto betting market phenom, where it’s illegal for Americans to place bets on Polymarket.
While Trump is the favorite to win the U.S. Presidential election, Harris (-250) is favored to win the popular vote with voters making it clear in recent months that they want more policy and less political sparring.
But popular or not, it’s Trump that is driving the betting markets and now landing more punches as the fight to the finish and control of the Oval office moves into the late rounds.
A French national is behind four of the five biggest Polymarket bettors on a Trump victory next month, a company spokesperson told several outlets Thursday.
Follow the money as the bickering and betting reaches a crescendo ahead of the Nov. 5 election.
You can bet on it.
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