US Politics

US Election 2024: Trump backed after big win in Iowa Caucus

  • Max Liu
  • 3:00 min read
Ex-president Donald Trump wins the Iowa Caucus 2024
Trump was the clear winner in the Iowa Caucus

The ex-president is heavy odds-on to be the Republican nominee in November's US election and the favourite to win a second term in the White House...

  • Iowa Caucus kicks off US Election year

  • Trump v Biden looks almost certain

  • Trump favourite to win second term

Donald Trump shortened to 2.3211/8 on the Betfair Exchange to win this year's US presidential election after crushing his Republican rivals in the Iowa Caucus.

The ex-president is 1.141/7 to be the Republican nominee, and set up a rematch of the 2020 election against president Joe Biden, after Ron DeSantis 46.045/1 and Nikki Haley 12.5 finished far behind him in Iowa.

With 99% of the vote counted, Trump was on 51%, DeSantis 21.2%, and Haley 19.1% - a record margin of victory in a competitive Republican presidential race in the midwestern state.

The outspoken DeSantis caused an upset by finishing second in Iowa and pushing the more moderate Haley into third. DeSantis will look to build on that momentum in next Tuesday's New Hampshire primary.

Trump 1.222/9 is the overwhelming favourite there and Haley is as short as [4.4] to get her campaign back on track.

Trump v Biden rematch looks likelier than ever

There have been many instances when the winner of the Iowa Caucus did not go on to the win the Republican nomination. The margin of Trump's victory, however, means that an election rematch between the former-president and the current president looks likelier than ever.

Biden and Trump split screen.jpg

Trump's biggest obstacle to winning the Republican nomination may yet be in the courts as he faces 91 felony counts that his opponents are hoping can derail his campaign.

But Betfair Exchange bettors are confident that Trump will be the candidate and many are putting their money on him to make an extraordinary return to the White House for a second term.

It won't be easy. Trump is 2.3211/8 to win the eleciton and Biden is 3.052/1. Trump leads Biden in many polls but the current president's team are confident that his polling will be stronger the closer it gets to election day.

The US election will take place on 5 November. Last week, George Osborne, who used to be the UK's chancellor of the exchequer and has many contacts in government, confidently predicted that the UK general election would be on 14 November.

If that's correct then November is going to be a huge month for politics and 2024 is going to be fascinating year in the election markets. Read Betting.Betfair for all the latest on this year's election betting.

Now Read Politics Betting 2024: Starmer and Trump are election favourites


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