Donald Trump has hit his shortest odds ever to win the 2024 US election at 6/5 (45% chance) after Ron DeSantis dropped out of the race on Sunday night.
Trump’s chances of being the Republican nominee are also at an all-time high at 1/12 (93% chance), with Nikki Haley his closest competitor at 14/1 (6% chance).
More bets have been taken on Michelle Obama to be the next US president than Joe Biden so far in 2024, despite that the 81-year-old is the odds-on favourite to win the Democratic nomination.
Betfair Exchange is the world’s biggest peer-to-peer betting platform, where £1.7 billion was bet on the US Election outcome back in 2020.
Betfair Exchange: Republican Nominee
Donald Trump 1/12 (93% chance)
Nikki Haley 14/1 (6% chance)
Betfair Exchange: Republican Primaries – New Hampshire winner
Donald Trump 1/33 (97%)
Nikki Haley 28/1 (3%)
Betfair Exchange: Democratic Nominee
Joe Biden: 1/4 (80% chance)
Michelle Obama 12/1 (7% chance)
Gavin Newsom 17/1 (5% chance)
Kamala Harris: 41/1 (2% chance)
Betfair Exchange: 2024 US Election winner
Donald Trump 6/5 (45% chance)
Joe Biden 2/1 (33% chance)
Michelle Obama: 23/1 (4% chance)
Nikki Haley: 26/1 (3% chance)
Betfair spokesperson, Sam Rosbottom said, “Donald Trump is now the 6/5 favourite to win the US election, his shortest ever odds since the market opened, after Ron DeSantis pulled out of the race on Sunday evening.
“In fact, a whopping £45,000 has been matched on Betfair Exchange in the past 24 hours in favour of Trump making a triumphant return to the White House in the latter part of the year. Looking at the overall picture, he completely dominates it, with 42% of the £8.8m that has already been bet on the election winner market going for the former POTUS.
“We have seen turnarounds in fortunes before, and looking back four years ago, Joe Biden was 99/1 for the Oval Office at the start of the Primary season, showing that the door could be open to outsiders again this year. One of those could be Michelle Obama at 23/1, who is attracting a lot of support from punters. Astonishingly, more bets have been taken on Obama to be the next US president than incumbent Joe Biden so far in 2024. However, Biden is the odds-on favourite at 1/4 to be the Democratic nominee.
“Meanwhile, the Republican nomination process is fast turning into a coronation and Trump is now 1/12 to secure the ticket, with the likelihood of that happening at an all-time high.
“With DeSantis giving up the fight after only one round, only Nikki Haley remains as a viable opponent as New Hampshire prepares to go to the polls – a State where she has gained some momentum in polling recently.
“Even so she is now a 20/1 shot to win New Hampshire and with DeSantis endorsing Trump, chances are his supporters will now shift towards the frontrunner, and the former president is now as short as 1/33 to triumph in the first Primary of the election schedule tomorrow.”
