In one of the most pivotal elections to date (but aren’t they all in some way or another?) MyBookie has gotten in on the action with updated presidential election odds for the winning party. Per the latest MyBookie betting markets, the website currently has the Republican Party as a slight favorite over the Democrats at -116 (Republicans) to -114 (Democrats). That said, the Independent route also has a slated betting market of +3000 for this election cycle as well. Indeed with the upcoming election featuring a ton of drama already, the intensity should only be ratcheted up in the months ahead of Election Day.
For this report, SBS will be going over what to look for from the latest happenings coming from MyBookie and also some more thoughts about using the website.
As stated above and on the MyBookie website, the Republican Party is the slight favorite to win the 2024 U.S. Presidential election at -116. The current reasoning behind this is from the combination of Republican front-runners: former president Donald Trump and Florida Governor, Ron DeSantis. Per MyBookie’s website, Trump, even amidst a variety of legal hurdles, is still the Republican Presidential nominee favorite at -215. However, DeSantis has been surging as of late given the former president’s legal uncertainty clouding his future. The latter currently has nominee odds of +188 and has been making the rounds in battleground states as a presumed heir to the Republican throne.
Per the main MyBookie site, the Democrats conversely have doubled down on current sitting president Joe Biden as their nominee in what will be a likely scenario next year. Biden is the current favorite on the MyBookie website at -400 to the 2024 Democratic Presidential nominee. Indeed this is a likely scenario as the last time an incumbent president did not run for reelection was Lyndon B. Johnson back in 1968 after taking over for the deceased John F. Kennedy. Curiously, the candidate next most likely to be the Democratic nominee per MyBookie is Robert F. Kennedy Jr. at +810. While he comes from the famous family, the American politician and lawyer has his own controversial background with conspiracy theories and anti-vaccine notions abound.
With the Republicans a slight favorite, there is still a lot of time to determine which party will emerge victorious next year. That said, if history has any indication of what might happen, the Democrats have won five of the last eight cycles, including twice in the 1990s (Bill Clinton) and the 2000s-2010s (Barack Obama). That said, there is some precedent here for President Biden to make a repeat performance. However, there is uncertainty as well given questions surrounding his advanced age in office since he became the oldest person in U.S. history to assume the presidency. Regardless, this will be a battle that will dominate headlines for the months ahead.
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