More bettors are backing Donald Trump’s rivals in the race to represent the Republican Party in the 2024 presidential elections after the former commander-in-chief’s recent indictment.
Odds on Ron DeSantis, Tim Scott and Glenn Youngkin all shortened after the June 8 indictment, even as Trump remained the heavy favorite to win the Republican Party nomination, according to Cloudbet odds.
According to Cloudbet:
- Florida Governor Ron DeSantis’ stagnant line got a slight boost to 2.87 (+187) from 3 (+200) before the June 8 indictment
- South Carolina senator Tim Scott shifted to 26.1 (+2510) from 29 (+2800)
- Virginia Governor Glenn Youngkin moved to 41.2 (+4020) from 50.9 (+4990)
- Former United Nations Ambassador Nikki Haley shortened to 21 (+2000) but has since returned to her pre-indictment price of 26 (+2500)
“Strategically, it makes sense to back some of the other candidates,” a Cloudbet spokesman said. “Who knows what might happen with Trump. If he has to withdraw, and Haley or Youngkin emerge as a front-runner, then the current odds offer great value.”
“Who knows what might happen with Trump. If he has to withdraw, and someone like Haley or Youngkin emerge as a front-runner, then the current odds offer great value.”
Trump yesterday pleaded not guilty at his arraignment in a Miami federal courthouse on 37 charges over his handling of classified national security documents after leaving the White House. The former president has vowed to continue running for president even if he is convicted.
The New York real estate mogul still has a 68.5% chance of winning the Republican nomination, Cloudbet odds indicate. While his line lengthened last weekend after the indictment to 1.88 (-114) from 1.39 (-256), they have since recovered to 1.46 (-217).
Next US president odds
His line on winning the presidency lengthened slightly to 3.36 (+236) from 3.28 (+228), according to Cloudbet. While he’s still the main contender to Joe Biden, the current U.S. president has firmed up as favorite and now has a 41% probability of winning.
Trump has remained the GOP favorite - and a contender for the next presidency - for months, even amid swirling allegations of sexual assault against women and over his role in the Jan. 6 insurrection on Capitol Hill.