Presidential election betting odds: Biden drops out, Harris' odds skyrocket

If you wanted to make real money betting for Kamala Harris for president, you may have missed your opportunity.

After President Joe Biden announced he was no longer seeking re-election, Harris' odds to become the next president skyrocketed. But the vice president is still significantly behind former President Donald Trump in November's presidential election.

Harris now has the best odds for any democrat in the upcoming presidential election. Harris is now +350 to win November's election, trailing only Republican candidate Donald Trump, who is a heavy favorite to win the election at -161. Trump's odds dipped a little after Biden bowed out. He had been at -189.

Biden is now off the board as a betting option.

Michigan Gov. Gretchen Whitmer (+2900), former first lady Michelle Obama (+3300), California Gov. Gavin Newsom (+4500) and Hillary Clinton (+7900) are next on the board.

While these are the betting odds, you can't legally bet on elections in the United States.

This article originally appeared on Asbury Park Press: Presidential election betting odds: Trump leads, Biden slips