Republicans the favourites in Pinnacle's 2024 US Presidential Election Betting Market

With the election edging ever closer, the Republican Party is the slight favourite at 1.83 with Pinnacle, but are they the party to back? 

The Republican Party is the slight favourite to win in the 2024 US Presidential Election, with the party priced at 1.83 with Pinnacle. The Democratic Party is available at 1.92, while Any Other Party is 36.78. 

Clearly, the odds show that this is currently seen as a two-horse race, with the chance of Any Other Party winning in the betting very long. 

With the two leading contenders in the betting barely separated at this stage, it looks like we are in for yet another nail-biting Presidential Election. This simply means that one week you could see the Democrats as favourites, while the Republicans could be at the head of the betting the next. 

The 2024 US Presidential Election will be the 60th iteration of the vote. President Joe Biden is likely running for re-election, while he will likely face Donald Trump, who is running for the Republicans. 

Trump is seeking re-election for a non-consecutive term after losing power to Biden in 2020. The winner of the election will be inaugurated on January 20, 2025. 

The odds suggest that this will once again be an incredibly tight election campaign. In 2020, Biden took just over 50% of the vote as Trump ended with just under 47%. This time round, the contest is expected to be just as hot, with the odds supporting this as the two parties are set to be locked in a race to the end. 

With the election to be held in November, the odds will likely change often. This could see the Democrats become favourites before swinging back the other way.

Which party do you think will win the 2024 US Presidential Election? Will the Democrats remain in power, or will the Republicans or another party take over from the Democrats?