Trump’s 2024 Presidential Election Odds Improve to +200 After Midterm Elections

• Donald Trump’s odds of winning the 2024 US Presidential election shortened to +200 from +300
• Trump remains the -110 odds-on favorite to earn the 2024 Republican Presidential nominee
• Expectations are that the 45th President of the United States is going to announce his 2024 candidacy for President later this month

Is Donald Trump going to be a candidate in the 2024 US Presidential election? That answer isn’t yet known. However, should the 45th President of the United States decided to throw hit hat in the win for 2024, oddsmakers are really liking Trump’s chances of moving back into the White House.

Even though all of the results from the US midterm elections aren’t official, what is known is that Trump’s betting line to be the next President grew shorter.

Bettors can now access +200 favorite’s betting line on Trump in the 2024 US Presidential election odds. As for his chances of winning the Republican Party’s nomination in the next run for President, that betting line is holding steady at -110.

2024 US Presidential Election Odds

Odds as of November 9 at DraftKings Sportsbook Ontario.

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Americans cannot bet on US politics markets. European books have been offering odds on the 2024 US Presidential election since the 2020 race reached a conclusion. Odds are also available to Ontario sports bettors. It’s the first place where North American sportsbooks are offering betting lines on the 2024 US Presidential election.

Trump Channeling Grover Cleveland?

Democrats have won three of the past four US Presidential elections. The last Democrat incumbent to be defeated was Jimmy Carter in 1980. Grover Cleveland is the only President in US history to serve a term, suffer defeat in his reelection bid and then regain the White House four years later. Cleveland served as both the 22nd and 24th President of the United States.

At favorite’s odds of +200, Trump is offering an implied probability of victory of 33.30%. Wager $10 on Trump and if he wins the election, you’ll win a payout of $30.

Trump Will Be Making Intentions Known Soon

The midterms so far aren’t moving the needle in the Republican nominee odds in favor of Trump. Oh, he’s still the chalk in this betting market. However, he was at -110 entering election night and was still at -110 come the morning.

All these wishful Republican power brokers and Republican thinkers & talkers don’t get it: Trump won’t allow the Republican Party to move on from him.

— Joe Walsh (@WalshFreedom) November 9, 2022

Lately, Trump is dropping strong hints that he will making a determination later this month on whether he’ll be running for the Oval Office in 2024. He’s telling people to mark Nov. 15 on their calendars as the day of a big announcement.

Prominent Trump advisors have been floating trial balloons suggesting Trump will be running, perhaps with intentions to gauge what the reaction will be from the Republican leadership.

Do Republicans Want Trump?

The real issue might not be whether or not Trump wants to run. It could be that the party hierarchy would much prefer that he’d just go away.

With Trump in the White House, the Republicans steadily lost ground in the House and Senate, and ultimately also lost the Presidency. In 2020, he was the first President to lose the Presidency, House and Senate in the same election since Republican Herbert Hoover in 1932.

The Republicans are making gains in these midterm elections, the first without Trump in an official position within the party, but nowhere near the increase in seats they were anticipating. Indeed, several Trump-backed Republicans were going down to defeat in Tuesday’s elections.

We need a Republican overhaul. Trump pushed a bunch of candidates that SUCK and everyone knew it but we have no choice but to go along. We had everything on our side and missed the mark. DeSantis is the new head of the party, not a 76 year old man.

— Caleb Hull (@CalebJHull) November 9, 2022

There’s certainly a groundswell of support within the party ranks that would much prefer to see Florida Governor Ron DeSantis as the 2024 Republican nominee.  Trump seems to be recognizing this threat.

He’s already going scorched earth policy on DeSantis, handing him the nickname Ron DeSanctimonious. However, the attack by Trump on DeSantis was not well received behind the scenes among the Republican leadership.