Joe Biden’s odds balloon to record high following debate with Donald Trump

Not only did Joe Biden's Election odds plummeted following last night's Election debate with Donald Trump, but there was significant movement in the Democratic Candidate odds market, as people speculated on a potential replacement. 

Joe Biden’s odds to win the 2024 Election have been hovering around the 13/8 (+163) mark for a few weeks now, making him the narrow second favorite behind Donald Trump. Those odds would imply Joe Biden had a 38% chance of remaining in office.  

However, following last night’s debate with rival Donald Trump, Joe Biden’s betting odds skyrocketed. Joe Biden is now 4/1 (+400) to win the Election with online sportsbooks, which imply he’s only got a 20% chance of winning in November.  

This is by far the biggest price offered by bookmakers since they opened the market following his 2020 Election win.  

On the contrary, Donald Trump’s grip on the Election intensified, Trump’s odds plummeted to 4/7 ( -175), which implies he’s got a 64% chance of getting back in the White House.  

Just last month, Donald Trump’s odds to win the 2024 Election sat at 6/5 (+120), which implied a 46% chance of winning.  

It’s not only the sportsbooks which believe last night’s debate could spell disaster for Joe Biden, since the debate concluded, 42% of all bets placed on the Election winner have been on Trump, with only 28% on the current President.  

Oddschecker spokesperson, Sam Eaton “There appear concerns about Joe Biden’s ability to run in this election, following the debate Gavin Newson’s odds on winning the Election were cut from 22/1 (+2200) to as short as 5/1 (+500). Kamala Harris odds to win the Election were also cut from 50/1 (+5000) to as short as 14/1 (+1400).  

Joe Biden remains the betting favorite in the Democratic Candidate market, with his odds sitting at 4/7 (-175). However, Gavin Newsom’s odds of representing the Democratic Party have been cut from 10/1 (+1000) to as short as 9/4 (+225).” 

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Please find an interactive chart which shows the odds changing over time for each candidate: https://public.flourish.studio/visualisation/18548006/. This chart can easily be embedded onto your site by clicking the top right icon.  

If you use this press release, please refer to the following url: https://www.oddschecker.com/politics/us-politics/us-presidential-election/winner

2024 Election Winner Odds 

Democratic Candidate Odds  

For further enquiries, please contact: sam.eaton@oddscheckerglobalmedia.com

Oddschecker works with over 170 sportsbooks globally and processes 125m+ odds changes every day. Oddschekcer's used as a neutral and independent voice by major publications.

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