Everything You Need To Know About Betting On Political Elections Safely & Legally
Politics has always been a critical part of society and political betting has been a natural byproduct of governments as the public speculates as to who will lead their communities and the behavior of these individuals. Here we examine a few key aspects to further understand the skeletal structure of the political gambling industry and utilize these universal tools to better your chances of betting success.
Former Vice President Joe Biden announced his 2020 presidential campaign in late April and now leads all Democratic candidates in the latest polling data and betting odds. According to the most recent polling data gathered on a national scale and averaged by RealClearPolitics, a whopping 41.4% of likely Democratic voters say they support Biden over all other Democrats running for president in next year’s primary […]
The Beto O’Clock is ticking, and the end of the month is just days away. At the beginning of February, Former Democratic Texas Rep. Beto O’Rourke told Oprah in a televised interview that he’ll decide whether to enter the 2020 presidential race “by the end of this month.” And the oddsmakers certainly like his chances at winning the 2020 presidential election, placing him in either […]
Bernie Sanders ignited a base within the Democratic Party in 2016, and now he will officially look to carry that momentum toward winning the presidency in 2020. On Tuesday, Feb. 19, the independent senator from Vermont announced that he is running for President of the United States and will seek the 2020 Democratic nomination after several months of speculation from the public. “I’m running for […]
In an attempt to limit the widespread influence of voting-related fake news, one social media network introduced a new policy in hopes of combatting misinformation this upcoming election. On Monday, October 15, 2018, Facebook, the largest social network platform in the world with 1.5 billion users logging on daily, announced it will ban all false reports on requirements for voting, long wait times for voters, […]
It looks we have our next Supreme Court Justice if you value the oddsmakers. As of Friday morning, September 28, 2018, odds heavily favored Brett Kavanaugh being confirmed as the next United States Supreme Court at Yes (-350) and No (+275), meaning a wager on “Yes” for $350 wins $100 and a wager on “No” for $100 wins $275. The Senate Judiciary Committee is scheduled […]
Why Bet on Politics?
Political wagering is a great betting market option because it relies heavily on the attitude of the public toward current and potential political leaders and officials. Political polls, articles, and opinion pieces can often provide bettors with an indication of how the public is leaning in regards to a specific candidate or event. Political wagering can go beyond a single individual and is also a great method to secure sizable payouts based on proper research.
While the political betting market is at times predictable because historical trends which can reveal future outcomes of various elections and political events, it can also be unpredictable in terms of revealed scandals or ethics violations which can turn a sure bet on its side in an instant.
Types of Bets Available For Political Wagering
The most popular types of political bets providing by our above-listed sportsbooks include:
- Money Line Bets- These are bets on who will win an election outright, win a majority, and so on.
- Futures Bets- These bets are placed far in advance of a future event. This bet can have the smallest risk with the biggest payout if correct.
- Proposition Bets- Also known as Prop Bets. These are unique bets developed for specific events.
Regional Politics Covered In This Guide
This site will cover major political events from a variety of regions. Here we will look at critical elections like Midterms, Presidential Elections, and General elections, as well as, political parties, and individual candidates. As we continue to develop our content for political betting relevant on a global scale, you will see the regions added below.
Betting on the USA political elections is a growing area of the gambling industry. This section of our guide will provide in-depth information on the Presidential elections, Senate elections, House elections, and Gubernatorial elections. This guide will include the types of bets to place, factors to consider, current odds, tips for betting on each particular election and analysis of select candidates.
Visit our USA Political Betting Odds for more information.
Factors To Consider When Placing Political Bets
First, bettors must understand the type of government in which they are betting on. In all bets especially political wagers, it is important to research the current political climate and how the provided political betting odds were formed. Although odds are not the only guideline for making political bets, they can aid in gauging public opinion along with research.
In money line bets, it is better to start by evaluating the social climate and popularity of candidates. Also, consider their power to influence the public and their constituents, as well as, any negative news or unpopular policies they either agree with or are involved with.
In futures bets, consider the likelihood of different factors occurring before the event takes place and what other influences are likely to sway the outcome of the event. This includes scandals, change of guards, global interactions with said government, etc.
In proposition bets, it is better to research the history of behaviors and actions of individual the prop bets is targeting before wagering real money on a prop bets result. Prop bets and results can be unpredictable such as an outcome not mentioned on the betting line and so on. For example, "What color tie the President will wear during X speech?" and the individual opts not to wear a tie at all.
Tips for Political Gambling
The biggest tip we can provide is to not chase losing bets. Staying level-headed and maintaining detachment is vital when gambling on politics. Rather than wagering with emotions, using unbiased logic and researched information when placing a bet on an event will result in a higher chance for success.
However, it is also crucial to utilize intuition when necessary. Another tip we can provide is to not bet on every election or race available; Only bet on the ones you feel you are most likely to win. Specialize as much as possible in various areas, whether it be on certain types of elections or in certain regions as this specialization will better your chances of success rather than placing bets on a whim in hopes of a big payout.
No matter where in the world bets are placed, the information and tips provided here will aid your political betting endeavors. Be sure to check the sportsbook table above for reliable, safe, and secure platforms to bet on globally.