Political Betting

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Political Betting

There are many who may assume that only a few would bet on political events and outcomes; they might consider it as a pure waste of time. Surprisingly, the world of political betting has become so big that people can make millions out of it.

Their popularity made bookmakers worldwide to introduce politics in their lists of online gambling markets. This article will look at different types of odds and bets for politics while giving examples for each category. First let’s highlight some of the best sites for gambling on political issues including US presidential election.

Best Betting Sites in Political Betting

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An Introduction to Political Betting

Since politics bets are quite famous, there is always an election or a congressional nomination happening somewhere across the globe. In recent times, this has been neck and neck with respect to the US Presidential race as one of the most popular bets. What makes online sportsbooks so great is that you can bet not only on your favorite politicians but also on events from all over the world.

How to Bet on Politics

When you want to bet on political events, there are only two types of bets that are possible like straight up and money line wagers. However, because politics is a narrow field compared to other sports, you will find that many bookmakers only offer these kinds of bets as explained below.

Straight Up Bet

The most common type of bet for politics is the straight up bet. It is just a bet that has been made on who will win a given election or riding.

Every candidate will be assigned odds before the elections come to a close and it is your decision on who you will gamble for. The one considered as the favourite to win would have lower odds while the underdog will be given higher odd.

An illustration of this is when Barack Obama had a 2:1 ratio against him during the 2010 US Presidential race, which meant that he could win $2 for every dollar staked. On the other hand, Senator McCain was at 4:1 odds meaning that if one placed a bet on him and won, they would get $4 back. McCain had some chance of winning but Obama was the popular bet and paid less.

Moneyline Bets

Moneyline betting is another type of bet that is placed on the margin of victory for a specific competitor.

As an illustration, in the 2010 US Presidential race, if one were to place a wager that Obama would take at least 50% of all the states it would be classed as a moneyline bet. These bets are highly amusing because you can back one candidate outright and also back whether another candidate will take a particular state.

Male sliding voting slip into ballot box

Major Political Elections

The bookmakers are always interested in the presidential and parliamentary elections.

Presidential Elections (US)

The ongoing elections can be considered one of the most famous and well-attended events worldwide. The individual who is inaugurated as president is often ranked among the strongest persons on earth. There is a lot of enthusiasm accompanying the US primaries and the ultimate contest between two parties. This also offers gamblers an opportunity to place their bets since it makes everything more interesting.

Every four years, in October/November, the elections are held with the person who wins being declared as the President of the United States and moving to live in the White House.

Congressional Elections

However, not all sportsbooks offer these bets; moreover, one US election that is also very popular to bet on is Congressional elections. For instance, Arnold Schwarzenegger’s bid for California governorship was a well-publicized event as many bookies were ready with odds.

Red die and blue die, both showing one white dot

Tips for Political Betting

To become an expert at betting on politics, one must be an expert at predicting the popularity of each candidate.

Scandals and death are some of the things that come to play as a result of external factors that are very hard to predict. In American primaries, for instance, it was seen where Obama surpassed Hilary in popularity hence he became the most voted one on various occasions.

Many individuals placed their bets on the Hill Dog as the favorite to take it home.

Political bettors must also monitor the so called “temperature” of a candidate as they run for office. Politics is a filthy and cutthroat endeavor where everything hangs on the image of the candidate, who has to be squeaky clean if he or she hopes to survive popular opinion.

To ensure that your favorite candidate does not slip away from you, use the web. This is among the top ways to obtain immediate information on aspirants and their counterparts. Normally, when news gets leaked out, it is either through a blog or a very popular website. News programs like CNN and others are good for current up to date facts and have excellent access to public opinion polls.

Using these types of media will not always help you pick a winner but it will give you the most up to date standing of each of you candidates. The online sportsbooks will usually offer the best odds on the underdog candidates. For bettors looking for more risk and a higher payout will like to bet on the underdog.

Ready to Bet on Politics?

Whether it is the upcoming governor of your state or the following presidential election, our best-rated betting site has got you covered with the newest probabilities. About who will be elected next in your state as a governor, or about the winner of the next presidential elections bet at our top-rated betting site.

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