As the clock ticks down to the most highly anticipated chess match of the year, the updated 2024 World Chess Championship odds are available!
Fresh off a stunning win at the Candidates Tournament, India’s Gukesh Dommaraju challenges defending champion Ding Liren for the world title.
Scheduled for November 20 to December 15 in Singapore, can Gukesh maintain his recent form to oust Liren? Continue reading to find the latest odds, analysis, and my World Chess Championship 2024 predictions!
World Chess Championship 2024 Betting Odds
The following betting odds on the World Chess Championship are courtesy of BetUS:
- Gukesh Dommaraju (-500)
- Ding Liren (+300)
The odds for the World Chess Championship have moved squarely in Gukesh’s favor since the markets opened. All the line movement has resulted in Gukesh becoming a larger favorite over Ding.
Days after Gukesh won the Candidates, Ding and his challenger opened with equal odds at -118. However, since then, the World Chess Championship odds have pushed higher in Gukesh’s direction significantly.
Since April, the price has swung strongly on the Indian native’s side. Currently, at -500, Gukesh has an 83.3% chance of being crowned the new champ. In October, Gukesh had -300 odds, or a 75% chance, so there is a marked shift toward the young challenger. Currently, draw odds are unavailable for the match at BetUS.
Alternatively, you can bet on the match handicap. Gukesh is currently favored at -400 to win by more than four rounds at -4! Conversely, bet on Ding at +4 for +250 odds.
You can find up-to-date World Chess Championship 2024 odds at BetUS by navigating to Sportsbook > Entertainment > Sports Futures > World Chess Championship.
World Chess Championship 2024 Format and Key Info
The format for the World Chess Championship 2024 remains the same as last year’s event:
- The World Chess Championship 2024 features 14 rounds.
- The event is scheduled from November 20, 2024, to December 15, 2024.
- The first player to score 7.5 points or more becomes the World Chess Champion for 2024.
- Players cannot draw before Black’s 40th move.
- If the players are tied following the 14 rounds, the winner will be decided in a tiebreak (four rapid games with 25 minutes per side; first to 2 ½ points or more wins).
Time Control:
- 120 minutes per player for the first 40 moves.
- 60 minutes per player for the following 20 moves.
- 15 minutes per player for the remainder of the game.
Where to Watch the World Chess Championship 2024
The World Chess Championship 2024 can be watched for free online! Chess.com/TV will broadcast all rounds of the match.
Also, chess fans can watch the action unfold on Chess24’s Twitch and YouTube channels.
Gukesh vs. Ding Head-to-Head Record
Gukesh and Ding have faced each other in two classical matches in their careers. Both games took place at the Tata Steel Masters in Wijk aan Zee, with Ding winning both encounters.
Still, the 18-year-old Indian grandmaster earned a win versus Ding at the Freestyle Chess GOAT Challenge earlier this year.
Classical Games:
- Ding 1 – Gukesh 0 (January 2023)
- Ding 1 – Gukesh 0 (January 2024)
Rapid/Exhibition Games:
- Gukesh 1 – Ding 0 (February 2024)
Gukesh Dommaraju (-500) – Can the Rising Star Stay Hot?
Then-17-year-old Gukesh became the youngest FIDE Candidates champion in tournament history. Additionally, the teenager is now only the second Indian player to qualify for the World Chess Championship. Now, 18 as of May, Gukesh is aiming to create more history as the first world champion from India since five-time winner Viswanathan Anand in 2013.
He was in unbelievable form to upset favorites Fabiano Caruana, Ian Nepomniachtchi, and Hikaru Nakamura. Caruana entered as the tournament favorite, but failed to win on the final day to force a tiebreak with Gukesh. The 18-year-old won five matches and drew eight en route to the 2024 World Chess Championship.
Gukesh had just an 8.9% implied probability of winning the FIDE Candidates 2024. Will this momentum carry over to the World Chess Championship?
The Phenomenal Rise of Gukesh D ✨ pic.twitter.com/qVQAPkCcaE
— The Khel India (@TheKhelIndia) November 12, 2024
Fortunately for this emerging star, he remains in hot form with the big day approaching in November. Gukesh hasn’t shown any signs of nerves or being overwhelmed by the new-found success. He is locked in and appears showing no letdown after capturing the Candidates.
On paper, Gukesh is coming off a mediocre performance in Serbia at the 2024 European Chess Club Cup. He captured his first two games, but then lost and drew in four consecutive matches.
Am I concerned? No, because Gukesh is not going to reveal his cards so close to the World Chess Championship. Gukesh ultimately left the tournament losing 11 rating points. However, I wouldn’t use this as a determining factor in his form against Ding.
Prior to the European Chess Club Cub, Guhesh won 11 of his previous 12 matches. At the 45th Olympiad, Gukesh took a draw against Richard Rapport, but otherwise, all wins! The talented grandmaster helped lead India to the men’s open competition title by scoring nine of ten points.
Gukesh has never beaten Ding in a classical format before. However, with his unwavering confidence, this could be the time for Gukesh to upend the defending champion!
Ding Liren (+300) – Will He Round into Form?
Ding is the defending FIDE World Chess Champion after beating Ian Nepomniachtchi in a tiebreak in the previous edition of the tournament. It was an evenly played match, with Ding exploiting a hole in the fourth rapid tiebreak to win the title.
🇨🇳 World Champion Ding Liren will play the 2024 FIDE World Championship with a rating of 2728! #GukeshDing #DingGukesh pic.twitter.com/jT7UgndBka
— Chess.com – India (@chesscom_in) November 14, 2024
I remind you that Magnus Carlsen conceded his championship, which opened the door for a new FIDE World Champion. Ding seized the moment to oust the Russian in a nail-biter in Kazakhstan. However, the native of Wenzhou, China, hasn’t been in his best form this year.
For the last two years, Ding’s rating has slowly fallen backward. At the 2022 Candidates, Ding had a player rating of 2,808. Today, he is down to 2,728 after a tough year at the chess table.
In the GRENKE Chess Playoffs, Ding came up short in a tournament that Carlsen prevailed in. The Chinese grandmaster lost twice to 19-year-old Vincent Keymer, and also registered defeats against Daniel Friedman and Richard Rapport.
While Ding has stabilized slightly, he still doesn’t have that killer instinct that many of us are accustomed to with the reigning champion. In moments you expect Ding to rise up, he has faltered and encountered mental blocks. Astonishingly, Ding hasn’t won in 20 matches since the 12th Norway Chess Armageddon.
Ding hasn’t played in a match since the 45th Olympiad. He has been using the past few months to mentally prepare himself for the challenge ahead against Gukesh at the 2024 World Chess Championship.
A recent draw against Caruana might be his best result recently. However, drawing has become a common theme for Ding, who has a draw in 14 of his previous 20 matches, and five losses. Will the time off give Ding the edge he needs to regain top form, He had opportunities to spring into form in Norway, the Sinquefield, and the Olympiad, but folded.
World Champion 🇨🇳 Ding Liren, in a recent interview with FIDE, about his overall well-being ahead of the match: "My current state is neither exceptionally good nor bad as I felt in the one and a half years. I have definitely moved past that sort of deepest or worst moments in the… pic.twitter.com/7ZvwenEp3D
— International Chess Federation (@FIDE_chess) November 14, 2024
That being said, the odds for the World Chess Championship 2024 are getting a little too inflated in favor of Gukesh. He has a massive experience edge on Gukesh, and I believe oddsmakers are beginning to undervalue him in this match.
World Chess Championship 2024 Predictions and Betting Pick
Based on results and form over the last year, it would appear that Gukesh is preparing to steamroll Ding. One is on the upswing, while the other hasn’t been able to get his mind straight to play against the best in the world.
Nevertheless, the World Chess Championship 2024 odds are getting out of reach on Gukesh at -500. Money is pouring in on the champion of the 2024 Candidates, but I don’t identify any betting value on Gukesh’s price.
As we’ve learned, Gukesh has risen to the top of the chess world in less than a year, so this isn’t a surprise to see his odds rise with it. However, if Ding used his time off to refocus and come into the championship match with a fresh perspective, he is going to be competitive.
Ding’s talent is undeniable — it’s his mental state of mind that is being questioned by pundits. At +300 odds, I am willing to take a chance on Ding finding the competitive drive to defend his title in Singapore.
I acknowledge that Gukesh should be the favorite, but an 83.3% implied probability of winning disrespects Ding’s abilities. BetUS offers a handicap wager, which I see as the best value bet on the board.
Over this 14-round tournament, Ding should win and draw in enough rounds to keep it within four games. Gukesh likely pulls it out to win, but give me Ding to keep this contest within four rounds at a generous price of +250.
Who Do You Think Will Win?
Do you agree with my World Chess Championship predictions? Do you believe that Gukesh can ride this momentum after capturing the FIDE Candidates title?
If you plan to bet on the World Chess Championship 2024, I recommend joining BetUS! The sportsbook has two markets available, so you can place your wagers on the outright winner or handicap betting on the spread right now.
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