Presidential betting odds indicate that U.S. Vice President and presumptive Republican presidential candidate J.D. Vance is the most likely to replace Donald Trump in the Oval Office in 2028.

However, Vance still has only a 33.3% implied chance according to the latest odds from bet365. California Gov. Gavin Newsom (D) is a strong challenger at +350 (22.2% implied chance), ahead of the next-closest candidate at +1,400.

President Trump has also flirted with the idea of seeking a third term despite the U.S. Constitution limiting presidents to two terms. Franklin D. Roosevelt is the only president to have served three terms.

2028 US Election odds

Odds courtesy of bet365 as of Nov. 11, 2025. Implied probability in betting is the likelihood of an event occurring as inferred from the odds offered by a sportsbook or the market.

Vance, long the favorite to fill the seat vacated by his current boss, has not moved in odds in more than a month. Newsom, meanwhile, picked up more steam, shortening from +600 in the first week of October to his current +350. That represents a 7.9% increase in implied probability.

Despite showing interest in seeking a third term, President Trump was not given odds of becoming the next U.S. president. The Trump with the shortest odds is Ivanka (+1,800), Trump’s second daughter, who served as his advisor during his first four years in office.

Newsom said in August that he received more than 20 hats that read “Trump 2028.” Even if the current president’s pursuit of another term is rejected, they could be used to fuel the campaign of his offspring.

The only person not named Vance or Newsom with odds shorter than the younger Trump is Alexandria Ocasio-Cortez (+1,400), the New York 14th District Representative to the U.S. House of Representatives.

2024 Presidential runner-up Kamala Harris has +2,800 odds to win the 2028 election, though she’s also below fellow Democrats Pete Buttigieg and Josh Shapiro (both +2,500).

Dwayne “The Rock” Johnson has worn enough hats during his professional career, but oddsmakers believe he has a 2.9% chance (+3,300 odds) to add that of the president to his collection.

Other notable figures on the odds board include Donald Trump Jr. (+4,000) and Michelle Obama (+6,600).

2028 US Election Winning Party Odds

Winning Party

Odds to win 2028 US election at

Implied probability

Republican

<-110>

52%

Democrats

<-110>

52%

Independent

<+2200>

4%

Odds courtesy of bet365 as of Nov. 11, 2025.

Aside from “The Rock,” several celebrities have been rumored to be in the mix for the upcoming presidential election. That includes sports commentator Stephen A. Smith, television host Oprah Winfrey, actor Matthew McConaughey, tortured poet Taylor Swift, and UFC President Dana White; however, all are extreme longshots to become America’s 48th commander in chief.

Covers US presidential election betting tools

US presidential election winners

Year

Winner

Electoral votes

Popular %

1789

George Washington

69

NA

1792

George Washington

132

NA

1796

John Adams

71

NA

1800

Thomas Jefferson

73

NA

1804

George Washington

162

NA

1808

James Madison

122

NA

1812

James Madison

128

NA

1816

James Monroe

183

NA

1820

James Monroe

231

NA

1824

John Quincy Adams

84

30.9

1828

Andrew Jackson

178

56.0

1832

Andrew Jackson

219

54.2

1836

Martin Van Buren

170

50.8

1840

William Henry Harrison

234

52.9

1844

James K. Polk

170

49.5

1848

Zachary Taylor

163

47.3

1852

Franklin Pierce

254

50.8

1856

James Buchanan

174

45.3

1860

Abraham Lincoln

180

39.3

1864

Abraham Lincoln

212

55.0

1868

Ulysses S. Grant

214

56.7

1872

Ulysses S. Grant

286

55.6

1876

Rutherford B. Hayes

184

48.0

1880

James A. Garfield

214

48.3

1884

Grover Cleveland

219

48.5

1888

Benjamin Harrison

233

47.8

1892

Grover Cleveland

277

46.1

1896

William McKinley

271

51.0

1900

William McKinley

292

51.7

1904

Theodore Roosevelt

336

56.4

1908

William Howard Taft

321

51.6

1912

Woodrow Wilson

435

41.8

1916

Woodrow Wilson

277

49.2

1920

Warren G. Harden

404

60.3

1924

Calvin Coolidge

382

54.1

1928

Herbert Hoover

444

58.0

1932

Franklin D. Roosevelt

472

57.3

1936

Franklin D. Roosevelt

523

60.2

1940

Franklin D. Roosevelt

449

54.7

1944

Franklin D. Roosevelt

432

53.3

1948

Harry S. Truman

303

49.4

1952

Dwight D. Eisenhower

442

54.9

1956

Dwight D. Eisenhower

457

57.4

1960

John F. Kennedy

303

49.7

1964

Lyndon B. Johnson

486

51.1

1968

Richard M. Nixon

301

43.4

1972

Richard M. Nixon

520

60.7

1976

Jimmy Carter

297

50.0

1980

Ronald W. Reagan

489

50.4

1984

Ronald W. Reagan

525

58.8

1988

George H.W. Bush

426

53.4

1992

Bill Clinton

370

43.0

1996

Bill Clinton

379

49.2

2000

George W. Bush

271

47.9

2004

George W. Bush

286

50.7

2008

Barack Obama

365

52.9

2012

Barack Obama

332

50.9

2016

Donald Trump

304

46.0

2020

Joe Biden

306

51.3

Only three U.S. Presidents have received 60% or more of the popular vote since the metric was recorded. They include Warren G. Harding in 1920 (60.3), Franklin D. Roosevelt in 1936 (60.2), and Richard Nixon in 1972 (60.7).

US presidential election trends

  • Only 38% of presidents have won consecutive elections since 1900.

  • The average age of the president at inauguration is 55.

  • A candidate has won the popular vote but lost the election five times in U.S. presidential election history.

  • James Buchanan is the only bachelor to be elected president.

Betting on the election in the United States

U.S. states do not allow for election betting in an effort to protect election integrity and the democratic process. Legal betting sites in the United States don’t offer election odds to Americans.

Betting on the US election from Canada

Canadians have plenty of options when it comes to placing wagers on the U.S. election. The top political betting sites on our list are permitted to offer election odds within the regulated Ontario sports betting marketplace, along with all other Canadian provinces. Additionally, bettors in other countries can bet on the U.S. election.

In Ontario, there are multiple legal options to place bets including:

BetMGM: The sportsbook best known for its flagship US brand has expanded in Europe and is among the market leaders in Canadian gambling

bet365: Maybe the biggest name in global sports betting, bet365 allows bets on not only the winning president but also the winner in most states

DraftKings: One of America’s leading sportsbooks also allows punters to try their luck on presidential betting in Ontario

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This article originally appeared on Covers.com, read the full article here

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