US Election Betting 2028

US elections betting has become one of the most closely followed entertainment betting markets in the United States. With politics betting markets reacting in real time to policy decisions, geopolitical developments, and public sentiment, election betting now functions much like a long-term futures market. As the next election draws closer, odds movement increasingly reflects real world events rather than distant speculation.

The political landscape heading toward 2028 is already being shaped by major international and domestic issues. US involvement in foreign conflicts, including escalating tensions with countries such as Venezuela and Iran, continues to influence voter confidence in current leadership. Broader foreign policy moves, such as controversial discussions around territorial influence and strategic interests like Greenland, have also entered the public debate. These developments are closely watched by election betting markets, as they often trigger sharp shifts in perceived electability.

This article breaks down how US elections betting works ahead of the 2026 midterms and what bettors should be watching as the campaign cycle accelerates. Below, we explore some of the leading election betting markets, potential candidates, and the key political, economic, and foreign policy issues that are expected to influence the upcoming elections.

Current presidential election odds:

Presidential Election 2028
JD Vance	+225	+225	+225
Gavin Newsom	+350	+350	+350
Alexandria Ocasio-Cortez	+1100	+1100	+1100
Donald Trump Sr.	+800	+800	+800
Marco Rubio	+1200	+1200	+1200
Andrew Graham Beshear	+2200	+2200	+2200
Josh Shapiro	+2500	+2500	+2500
Rand Paul	+3300	+3300	+3300

Last updated on: April 21, 2026

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How to bet on the 2028 US elections

First and foremost, we want to make sure you understand how to bet on political odds. Understanding the different betting types (while they’re fairly straight forward) will help you figure out which bets are the smartest, and will win the most cash.

Elections are long and drawn out, especially the US election, where a term lasts four years and candidates essentially begin campaigning for the following election as soon as the President takes office.

The first step is to understand Presidential betting odds.

US Election Betting Odds

When it comes to political betting, the odds are usually the most important puzzle piece, as you have to be able to understand the difference between an underdog and favorite, as well as recognize which candidate the sportsbooks are adjusting lines for, and where the consensus is leaning in terms of betting dollars.

With the American odds format, each candidate will have a negative or positive number next to their name, and that signifies the likelihood of them winning the race. So if Donald Trump has -110 odds to win the 2028 US Presidential Election, and Joe Biden has +125 odds, this indicates that Trump is more likely to win the election with his -110 odds.

A negative number indicates a favorite, but in the case of two positive numbers, let’s say +125 and +250, the +125 would be the favored candidate.

These odds can also be displayed in fractional or decimal odds, depending on your online sportsbook. When it comes to calculating probability – there really isn’t a rule for American odds, so it’s important to convert your odds to decimal.

How do you do this? For positive odds (underdog political odds) let’s say +300: 1 + (odds / 100) = 1+(300/100) = 4.0

For negative odds (favored political odds) -300: 1 – (100 / 300) = 1.333

Now that you have your decimal odds, we can help you calculate your winnings and implied probability. Decimal odds are essentially your odds multiplied by your stake, then subtract your stake.

4.0 odds would be calculated as (4.0 * $10) – $10 = $40 in winnings 1.33 would be (1.33 * $10) = $10 = $13.30

To calculate your implied probability of winning your bet, you essentially divide 1/decimal odds which is 1/ 4.0. This gives an implied probability of 25%. Implied probability is an important part of your political betting strategy and will help you improve your chances of winning in the long term.

If you did well in math class as a kid, you’re well on your way to understanding fractional betting odds. If you see a fractionated number, like 10/1, this means someone has a ten to one chance of winning the election.

The formula looks like this: B/(A+B) = %

For example, if the political betting odds are set and a candidate has 9/1 odds to win, there is a 10% chance they will win the election. 1/(9+1) = .10 (10%)

So, how much will you win on fractional US election betting odds? It’s pretty simple actually. For every value on the right side of the fraction you wager, you will win the left.

So 9/1 odds – for each $1 wagered, you will win $9. 1/ 4 odds – for each $4 wagered you win $1.

US Election Futures Betting

The only real betting option for political betting is the futures market. A futures bet is essentially a prediction of a certain outcome, and who will win.

You can place a bet on the Odds to Win the 2028 Presidential Election and have a list of candidates to choose from with differing odds depending on how likely it is that they win.

You can score some great value on presidential futures, or any political futures if you predict the outcome of the political race. Many favored candidates have plus-money odds, even if they’re most likely to win. The further away you lock in your bet, the better the odds usually are, as political odds are always changing and it’s important to keep an eye on them.

Other popular US markets include predicting the Democratic or Republican Candidate, the winning party, popular vote winner, the gender of the next President, House of Representatives election winner, and even state-by-state Congressional District bets.

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There are several established online sportsbooks that offer US election betting odds throughout a presidential term, with markets expanding as an election approaches. As more candidates emerge and political narratives take shape, the number of available election betting options tends to grow. Choosing an online sportsbook with a strong and consistent political odds offering should be a top priority.

It is also worth considering factors such as sign up bonuses, available payment methods, and how easily you can deposit and withdraw funds. Taking the time to read sportsbook reviews can help clarify these details, answering common questions and pointing out features that are often overlooked when selecting a site for election betting.

Let’s take a look at some of the top sportsbooks offering political betting lines ahead of the 2028 presidential election:

Bovada

Bovada is one of the leading sportsbooks for betting on the US Presidential election, known for its user-friendly interface and a wide array of betting options. It offers competitive odds on various election markets, including candidate head-to-heads and state-specific outcomes. Bovada also provides insightful betting analysis and regularly updates its odds in response to polling data and political events, making it an excellent choice for both novice and experienced bettors.

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Last updated on: April 21, 2026

BetUS

BetUS stands out with its extensive selection of political betting markets and generous bonuses. This sportsbook not only covers presidential elections but also offers bets on gubernatorial races and congressional outcomes. BetUS is praised for its customer service and a variety of deposit options, including cryptocurrency. Its in-depth coverage of political events, combined with attractive odds, makes it a solid option for those looking to wager on the 2028 election.

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XBet

XBet is gaining popularity among bettors for its sleek design and ease of navigation. It offers a good range of betting options for the US Presidential election, including live betting on key events. XBet is known for its quick payout times and responsive customer support, enhancing the overall betting experience. While it may not have as many political markets as Bovada or BetUS, its competitive odds and user-friendly platform make it a worthy choice for those interested in election betting.

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Last updated on: April 21, 2026

Top US election betting markets

In 2026, political bettors will likely be drawn to two major betting markets: the primaries and the midterms. Primary markets focus on which candidates emerge as party nominees, and they often reward bettors who follow internal party tensions, fundraising strength, and state-level momentum rather than national headlines. Offshore sportsbooks tend to post these lines early, and because attention is limited, prices can lag behind real shifts on the ground, especially in crowded or unpredictable races.

Midterm markets revolve around the general election on Tuesday, November 3, 2026, with odds on control of the House and Senate and outcomes in key races. Historically, incumbents do not perform particularly well in midterms, as these elections often function as a referendum on the sitting president. That dynamic could be especially relevant given Donald Trump’s use of tariffs and his involvement in foreign conflicts, both of which may test support among parts of the MAGA base and the wider electorate. Because midterm markets attract less casual money than presidential races, offshore sportsbooks can offer value to bettors who factor in voter fatigue, turnout shifts, and backlash risks that are not always fully reflected in the odds.