Vice President Kamala Harris made late efforts to narrow some of the gap between her and former President Trump in election betting odds.

Trump enjoys a 13.1 point lead in presidential betting odds Monday morning, lead Harris 56% to 42.9% in the betting average on Real Clear Politics. That figure, however, represents a late shift in the odds in favor of Harris, who trailed Trump by 28.9 percentage points just six days ago.

“Some polls are getting a little bit closer, so I think the top ones see a slight momentum in favor of Harris,” Maxim Lott, who runs ElectionBettingOdds.com, told Fox News Digital on Monday.

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Vice President Kamala Harris speaks during a campaign rally at Jenison Field House on the Michigan State University campus Sunday, Nov. 3, 2024, in East Lansing, Michigan. (AP Photo/Paul Sancya)

Lott’s website shows a similar trend to the Real Clear Politics average, with Trump having a 56.4% chance of winning the election as of Monday morning, while Harris has a 43.1% chance. But like Real Clear Politics’ numbers, Trump’s lead has fallen by 5.3 percentage points over the past week.

Lott, who previously served as executive producer of programs for FOX Business Network, said many contributions can lead to a change in betting behavior, pointing to a recent surprise Des Moines Register/Mediacom polling outside of Iowa that gave Harris a one-point lead over Trump in a state that few people believed was a game for Democrats.

While one poll could be considered an outlier, Lott noted that bettors apparently reacted to the news, with Trump’s odds of winning the state falling from over 94% a week ago to 82.1 % Monday morning.

“I think there’s this kind of narrative behind this poll that abortion is actually going to be the driving force in this election, just like it was in 2022, and that women are going to come out in droves and elect Harris ” Lott said. “I think the oddsmakers assign at least some probability to this being true.”

Former President Trump speaks at a campaign rally in Lititz, Pennsylvania on Sunday, November 3. (AP/Matt Rourke)

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What Lott doesn’t believe is causing Harris’ rise to prominence is a small amount of very large bets in his direction, pointing the finger at betting platforms such as PredictIt, which limit the number of bettors and the size of bets on certain outcomes, which followed a similar pattern. direction like all other platforms tracked on its website.

Still, Lott cautioned against relying too much on late momentum when it comes to assessing betting odds.

“Momentum doesn’t matter at all…for this sort of thing,” Lott said. “In a market, current price is the best indicator of future price…if Harris were supposed to be in the lead, you could make a lot of money putting her in the lead by putting your money on her now.”

Vice President Kamala Harris speaks during a campaign rally at Jenison Field House on the Michigan State University campus Sunday, Nov. 3, 2024, in East Lansing, Michigan. (AP Photo/Jacquelyn Martin)

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Adding it all up, Lott is looking at a close election that will likely take place until participation.

“I would expect Trump to still be slightly favored on Election Day,” Lott said.

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