“There is no way Donald Trump is winning the election.”

GOP Nomination 2024 GOP Nominee for the Presidential election to be held on Nov 5 2024. $4,212,319 bet so far. Political prediction markets are exchanges where the public can buy and sell shares tied to the outcome of an election or other political event. They are generally real money markets, with the price of shares determined by demand. The validity of political prediction markets is.

• To succeed as a political bettor, you need to make sure you understand the nature of the game. In other words, political betting is a long-term activity and it requires a lot of understanding of current affairs. The same way you would follow sports because you like it, you.
• Political betting is perfectly legal. Several US state laws now permit sports betting, and they make provisions for accepting wagers on politics and entertainment too. Betting on politics has been.
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How many times did you say that or hear someone say that in 2016? Surely no one in their right mind thought that Hillary Clinton could lose the Presidential Election to this guy, right? Well, there were a lot of people who truly thought this underdog could win, and if they were smart, they would have searched out a place to make a wager on that exact outcome.

Did you know that there is a significant amount of money being wagered around the world on politics? Throughout twenty years in the online gambling business, this area of betting has gone from a few sites willing to take action on anything to sites having full sections focused on political betting. On this page, we are going to lay out all the types of political bets you can make, as well as show you the best sites for finding the political bet you are looking for.

Where Is the Best Place to Make a Political Bet?

There are a couple things to look for when it comes to political betting online. First off, you want to visit several sites to find the best odds on what it is that you are looking to make a bet on. We have compiled a list of some of our recommended sites for political betting above.

One factor to take into consideration is the location of the site offering the odds. It is more likely that a site based in the UK will have a better handle on British politics, and as a result may have more options when it comes to betting on the outcomes of elections in that country.

Another potential decision-making concept for political gamblers is what types of elections a site offers odds upon. If you relate this to traditional sports betting, you can find some sites that allow you to bet on minor league or division sports as opposed to the major leagues. For the purposes of political betting, this could mean finding a site that is taking action on the results of a Mayoral election as well as one of more national exposure like Prime Minister. These smaller-scale elections may provide better opportunities to find more generous odds for players.

Why Are People Betting on Politics?

The easy answer to this is that people will bet on anything if given a chance and the right odds. It is hard to say when betting on elections began, but it is likely that it goes back a few hundred years along with most sports gambling. Making a bet on the outcome of a political campaign is no different than making a bet on a boxing match, really. If you break it down, there are two opponents (sometimes more than two, depending on the election) who are trying to win a title. There are favorites and underdogs, and with that come odds of a candidate securing the win.

These days, with all the craziness going on in the world, especially in the United States, more people are turning to gambling on the future outcomes of political campaigns as a way of dealing with the emotions around the events themselves. As you will see a little further down, many online gambling sites are capitalizing on this trend by offering a wide array of bets on the political moves of countries around the world.

What Types of Bets Can Be Made on Politics?

This is where we have seen the most changes in the political betting landscape over the last few years. Online gambling sites are dedicating more time and effort to the sport of politics, and this means that there has been a significant increase in the number of betting options for the public. Let’s look at a few of the most popular types.

1. Straight Bets

These are the standard bets on which candidate or party will win an election. In some cases, you will be able to bet on a political party winning the next election even if they haven’t chosen a leader yet. For the majority of straight bets, however, you will find odds on each of the election participants, and you will make your selection on who you think will win. If that candidate wins, you get paid!

These types of bets are similar to moneyline bets in sports. You pick a winner and based on their handicapped odds, and you are paid based on the line the site puts up. Again, as some sites may pay more attention to this than others, doing your research is important as you may find significant swings in the odds from site to site. Finding value in these political bets is what can make them a profitable venture.

2. Spread Bets

These types of political bets are not focused on which candidate or party will win the election, but by what margin. This is similar in nature to spread betting on sports. While you know the Golden State Warriors are going to beat the Brooklyn Nets, in an NBA game when you are spread betting you will have to bet that they are going to win by at least certain number of points.

To convert that to betting on elections, let’s look at the 2016 US presidential election. You might have found the following bets available:

• Clinton -2,000,000 in the general election
• Trump +1,900,000 in the general election
• How many electoral votes will Clinton beat Trump by?
• How many electoral votes will Trump win by?
• How many seats will the Democrats win by?

As you can see, this would allow you to bet on a candidate without having them win the actual election, similarly to an underdog covering the spread. With straight bets, your choice would have to win the election outright. This gives you a different way of betting on the outcome, which appeals more to someone who isn’t entirely sure who the victor will be.

3. Prop Bets

Prop bets have become more and more popular in the sports betting world over the last decade. Rather than requiring an outcome of an event to take place, prop bets allow someone to make a wager on other aspects. This can be applied to the world of politics as well, especially when it comes to some of the leading political countries around the world.

Prop betting, as we mentioned, is not dependent on the outcome of an election. As a matter of fact, there doesn’t even need to be an election to make a prop bet on a political figure. Let’s use the US as an example. Here are some prop bets you could find or may have found in the past about American politics:

• What will be the official weight of the President announced as after his physical?
• How many days will Donald Trump be President?
• What will the age of the Democratic Candidate for President in 2020 be?
• How many times will Trump say a particular word in a State of the Union speech?
• Will the President be impeached?

All of these types of prop bets would come with two options (for example, for the weight bet it could be Under 240.5 and Over 240.5) and in most cases, the odds are the same for either side of the bet (-110). Prop bets are more for entertainment purposes than anything, and what could need entertainment added to it more than politics these days, right?!

Can You Be a “Sharp” Political Bettor?

Of course you can! As we mentioned, one of the easiest ways to give yourself an advantage when it comes to political betting is to shop around. You will most likely find slightly different odds on a particular bet from book to book. As there won’t be the same type of volume of bets on elections as on sporting events, the lines have to move so sites can protect themselves.

Another thing to look for is the betting limit on any individual political wager. If you are sure of an outcome, then you want to find a site that has high limits for these types of bets. In most cases, you will find smaller limits for political bets than traditional sports wagers, as the sites don’t have a team of political experts on staff. A sharp bettor will find the highest limit to go along with the best price before putting any money down.

Now, when it comes to being a sharp bettor from an information standpoint, well, that’s a different concept altogether. There are thousands of journalists that would likely consider themselves to be “experts” on the topic of politics, but how many of them would have picked a Trump victory in the 2016 US presidential election?

We would say that being an insider definitely helps – maybe you know a Senator or someone who works in a Mayor’s office. That type of inside information can definitely make a difference when it comes to finding the diamonds in the rough. In that way, it is very similar to horse racing, as many times someone working in the stables will come across the inside scoop on a particular horse.

Conclusion

There is no doubt that the appetite for gambling on politics has grown over the years. These days, you can find any number of sites offering odds on all kinds of elections across the globe. However, to make political gambling a profitable venture, you should be doing your research not just on the candidates and campaigns, but on the sites offering these bets. A little bit of time spent searching out the best odds can make the difference in how much you can win when you are ready to make your bet, and isn’t that what it is all about?

While most people generally connect betting with the world of sports, the industry has gone through changes in recent years to where that notion is now changing. With the rise of social media involvement in the world of news and entertainment, certain things are being wagered that years ago never would have had a place at the betting window, such as betting on politics.

With both the political climate and gaming industry as hot as they have ever been, the two are now reflecting each other as a way for citizens to get involved in presidential races while using political betting sites to make a little money based off of their predictions.

Like betting on sports, political betting has several techniques and factors that vary depending on the situation and the value that is being shopped.

Best Political Betting Sites

As one gradually becomes more familiar with the processes and underlying factors of sports wagering they will realize that being able to trust the betting website they are on is one of the most important stages.

This is where another connection to the sports world comes into play, an online sportsbook (particularly the sites we recommend) often always have political odds posted, illustrating that the bookmaking process for both sports and politics is handled by the top industry professionals.

Betting on elections outcomes has grown so much in popularity that there are even instances where political betting steals some of the spotlight from the sports world, as the appeal is generally much more widespread when compared to sports.

The two very much benefit off of each other, as online sportsbooks give political betting a forum to exist in, where as the novelty of betting on elections and politicians draws in bettors who are not sports fans and would otherwise not be on that website.

Different Types of Political Betting

Odds to Win/ Future Bet: As if you were betting for this year’s Super Bowl or Heisman Trophy winner, this type of political bet involves wagering money on a listed moneyline price off the simple premise of who will win.

• Example: Andrew Yang is +1450 to win the 2020 Presidential Election
• Example: Elizabeth Warren has +200 odds to become the Deomcratic Nominee in the 2020 Presidential Election

Political Prop Betting: Like a sports prop, these are situation-based bets that are booked based off of potential results of an outcome. A price is given for both possible results of the prop listed, with the favorite being the more likely of the two results.

Example: Will Jair Bolsonaro complete his first presidential term?

• Yes (-300)
• No (+200)

Head to Head Bet: Comparable to the most well-known type of sports wager, this political bet features two opposing sides with odds attached to each. With this, one side is booked at favorite money with the other coming back with dog money. The bettor then chooses the side they believe will win, and if successful their resulting payout will be based off of the odds that were listed at political betting sites.

Example: US Presidential Election 2020 Winning Party:

• Democratic Party (-115)
• Republican Party (-115)

Political Props

Political prop betting has seen a huge spike in interest in recent years, predominantly do to the fact that it gives people a multi-layered scenario. Much like a football game, being able to bet on a hypothetical outcome of a real life situation leads to more opportunities to both walk away with money and find leisure in your political betting. Because of this, betting props is often considered a strategy all its own.

Here are a few examples of political prop bets:

Will Donald Trump be impeached and removed?

• Before 2020 Elections- Yes (+175)
• Before 2020 Elections- No (-250)

Will Donald Trump be elected to a 2nd term as POTUS?

• Yes (-230)
• No (+160)

Who will be the Republican nominee for the 2020 Presidential Election?

• Donald Trump (-800)
• Not Donal Trump (+500)

What Political Events Can You Bet On?

Once the “why” and “how” are clarified when considering political betting sites, the “what” becomes the focus as one must shop for not only a price that interests them, but a play.

Those who feel they have a tip on the local/regional scene may be more likely to bet for smaller elections, while the 2020 Presidential Election is going to be played more casually and frequently, especially as the race gradually tightens. Here are a few examples:

US Presidential Election

The most popular election to bet, odds are frequently posted and changed as stock for candidates rises and falls throughout the race. Handle naturally increases closer to election season when candidates become more solidified and political betting season is in full swing.

The 2020 Presidential Election currently has action on various political betting sites and will add more situational props and altered odds as the election gets closer. There have already been several odds changes due to debate performances, public reception, and late entries into the race.

US Congressional Election

Not as popular on the political betting spectrum, there is still occasional handle that pours in for these. Those who are politically informed often have the know-how to handicap these less popular but still highly important, elections. Given how these are dependent on the state itself, Congressional Election bets are far more regional than national, as they lack the appeal of the betting on the Presidential Election.

The 2020 Congressional Election will see increases in action as the public grows more in tune with the House of Representatives nominees, but for now, value will be harder to find and odds will not be as sharp in lieu of the more popular Presidential Election.

Other Examples of Political Betting:

Political Bets Website

• British Parliament Election
• Referendums (Example: Brexit)
• Australian Parliament Election
• London Mayoral Election

Is Betting on Politics Legal?

Yes, it is allowed, regulated, and now live in many places. For United States residents, the safe political betting sites that we endorse are trustworthy, tested, and legal.

Bet On Political Events

Depending on your location, you may not have the ability to place a bet on websites that are owned and operated by land-based sportsbooks, as the legalization of sports betting is state-based.

However, this has to do with the operation of the sportsbooks themselves, not any potential customers. So even if gambling is not legalized in your jurisdiction, that does not mean you can not make a bet online from the comfort of your home, regardless of location. This convenience is a big reason why mobile betting apps have exploded in popularity in just the past few years.

If the proper precautions were taken (making sure you signed up for a trustworthy site, have confirmed money in your account, etc…), you will have the green light (barring any technicalities) to bet without legal concerns, as the top political betting sites we utilize are not in the United States, making state-by-state control irrelevant.

Political Betting vs Other Types of Betting

There are parallels with betting politics and sports just as there are connections all throughout the gaming world.

As one becomes more informed and experienced however, noticing key differences becomes much easier. In political betting, less focus is placed on past results and more emphasis based on a candidate’s realistic chances.

This is due to the fact that it is hard to create a winning formula for something that is heavily based off of subjective opinion. The election of a president for example is a selective process, while a football or basketball game is not up to a vote by the population, but determined by athletes competing against each other with the intention of winning.

This is why when wagering sports, the concept of betting strategy becomes a thing of great importance and pride, as bettors often believe their strategic methods lead to a winning formula.

This takes a back seat in political betting. Yet, the baseline knowledge and the application of it in terms of making a bet are still very similar in sports and political betting.

This is why if a patron can grasp the simple concepts of odds and what purpose they serve, they will be able to crossover between sports, politics, and other fields pretty smoothly assuming that the knowledge and desire to bet are there.

Frequently Asked Questions

Can You Really Make Money Betting on Politics?

Yes, if you time it right. There are enough bets posted to where a patron can clean house if they have handicapped the odds correctly. However, unlike sports, politics operates on a far more time-sensitive basis as there are only certain points in the calendar year where it holds relevance.

So in order to make money you must pick your spots wisely and understand the concept of value. If these are understood by the bettor, then money can consistently be made as at that point it is just applying basic gambling principles to a different topic.

How Do I Know if a Political Betting Site is Shady?

In the same way you can tell a sports gambling site is shady. At the end of the day, the bookies posting action on politics are the same people booking sporting events, so their business models and practices will very much be identical, especially when you consider that the majority of the best political prices are found on online sports betting sites.

How Can I Place a Bet Right Now on Donald Trump to Be Impeached?

A play like this serves as a type of prop bet that is found on many of the online political betting sites we have tested. In order to place money on it, make sure you have an account on the website of your choosing and have deposited your money.

As long as these boxes are checked, you will then have the freedom to bet on the aforementioned prop and several other president-related specials currently available. This prop is specific to current headlines in the news cycle, so availability of props bets like this is very much dependent on the individual who is being booked in said bet and what they’re currently dealing with. As shown earlier, this exact prop is currently on the board at MyBookie.ag.

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