- Bovada offers election odds on the balance of power, with the Republican Party having the shortest odds at +190 to control all three
- Correlate the winner of the presidency with Senate control, as the Democratic Party currently only has a two-seat lead head into the 2024 election
WASHINGTON – Political sportsbooks offer odds on the balance of power, with the Republican Party having the shortest odds to hold the presidency, the House Of Representatives, and the Senate in 2024. The Republican Party is not favored to win all three individually, but has the best political odds to grab ahold of all three compared to the Democratic Party.
Balance of Power Odds 2024
- REP Presidency; REP Senate; REP House+190
- DEM Presidency; DEM Senate; DEM House+225
- DEM Presidency; REP Senate; DEM House+250
- REP Presidency; REP Senate; DEM House+450
- DEM Presidency; REP Senate; REP House+1000
- DEM Presidency; DEM Senate; REP House+1500
Presidential Odds
To start, Kamala Harris currently holds a small lead in presidential election betting with -105 odds compared to Donald Trump’s -115. If betting on the balance of power, bettors first must decide on who they think will be elected president.
The last time the United States saw back-to-back Democrat nominees being president (that were not the same candidate) was 1963 when Lyndon Johnson took over for John F. Kennedy.
Senate Odds
The current state of the Senate would suggest that political bettors have the best odds of combining the winner of the Senate with the winning party of the 2024 Presidential Election. This is because the Senate, which is currently held by the Democratic Party, only has two seats over the Republican Party.
A Donald Trump presidential win would mean the Republican Party would only need one net seat to take control. A Democratic presidential win would help that party keep control of the Senate. Currently, the odds of winning the Senate favor the Democrats at -600.
House Of Representatives Odds
The Republican Party currently has control of the House of Representatives after taking it from the Democrats in 2022 with 220 seats to 212. The Democratic Party took the house during the 2018 election and held it in 2020. Before that, the Republican Party controlled the house from 2010 to 2018.
Current House Of Representatives consensus forecast shows 21 toss-up seats and two more safe seats for the Republican Party than the Democratic Party.