How To Bet On Politics
The growth of online sports betting creates the impression that it’s the only thing bettors can bet on. It is not entirely the case because outside the realm of sports; bettors can now bet on politics. Sounds daft? Not so. Believe it or not, you can place your bets on politics now. We sure do live in a crazy yet exciting world.
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What Is Political Betting?
Political betting is betting on all sorts of political events. Most commonly, it’s about elections. Be it the presidential election, parliamentary elections, or even local elections. Sometimes, whenever something extraordinary rolls around, there are markets on those events. For example, there was a lot of betting activity surrounding Brexit. Still, such political occasions are rare.
How to Bet on Politics
Although betting on politics is as easy as betting on sports. You still need to register an account at an online sportsbook that offers bets on politics. Deposit some money via Bitcoin and place your bet. If you’re not sure which sportsbook to bet on politics. Don’t worry because we already put in the hard yards for you.
We don’t see ourselves as experts on political betting. But, what we can guarantee you is a trustworthy sportsbook online to place your bets on politics. As such, you must know which sportsbook offers bets on politics. The reason being, there are a variety of markets with enormous betting limits. While this isn’t likely to be an issue if you want to bet only on things like US presidential elections. Live bettors that would like to bet on UK parliamentary elections must register accounts at UK online bookies.
What Are The Main Types Of Political Bets?
- Moneyline – Allows you to bet on for instance if Donal Trump. If the American public will re-elect as the next American president in 2020.
- Futures – You can bet on the future outcome of an event during a specific period.
- Props – There is a limit on prop bets because it’s not as popular. Think the oddest prop bet of all time was on the size of Trump’s package. We leave the rest to your imagination.
- Over/Unders – You can bet on a certain nominee who you think will gain a certain number of votes.
- Point Spread – When you bet that Trump will snatch more than 50% of the votes. Essentially, it’s within a set range. If you fall outside this range, your bet will lose.
Political Betting Markets
The above might be fine and well. What exactly can you bet on if you decide to give political betting a shot? Well, it all depends on the nature of the political event since the markets cater to the dynamics of the event. For example, when it comes to US presidential elections it’s by far the biggest political betting event. You can bet on the main event, such as who will become the next US president. In the run-up for the elections, you can also bet on who the final nominee of each party will be. We can tell you that the odds for Donald Trump in the previous presidential election was with a landslide.
Even the main event has a substantial number of markets; you can bet on some of the secondary outcomes too. When you bet on a candidate in the American elections. There are a few things you must take into account. You can bet on which political candidate is likely to prevail in each US state. Concerning the side markets, they offer more value in terms of political bets. Unfortunately, online sportsbooks don’t offer plenty of bets on the side markets.
Political Betting Tips
If you’re not sure how to place your bets on politics. We give you a few pointers in the next section and pay special attention to them before you bet.
The media and most folks love a juice scandal, especially if it entails the American president. Suffice to say, a political scandal can swing the vote in favor of the opposition. Another famous political scandal was about Hilary Clinton’s email server case. The more dirt the media has on a presidential candidate. The less likely that person will become the next president of the United States.
Check The Polls
You can also check what the polls say about the various presidential nominees. It tells you which of the presidential nominees carry the public’s approval rating. A poll most users use is FiftyThirtyEight.com. When you visit the site you’ll see all the predictions people make about all kinds of stuff.
Don’t Be Emotional
Okay, so this is a tricky one because many people let their opinion of a frontrunner cloud their judgment. Most folks don’t like Donald Trump because he comes off as arrogant and obnoxious. Yet, he is the best president America has in ages. Under his leadership America’s economy is the best its been in years. And, unemployment in the country is at an all-time low.
Pros and Cons of Political Betting
The one big pro of political betting is that there are many opportunities for finding an edge in the markets. While regular sports betting markets have established patterns that online sportsbooks analyze thoroughly. The only downside of political betting is that it’s not a big market. While sports take place every day of the year, political betting only occurs a few times per year.
All in all, political betting is quite exciting. If you have tried political betting before, we suggest you try it at least once. Besides, it’s something different other than the usual sports betting. Moreover, political betting is not everyone’s cup of tea. You can’t make a career out of it due to the limited markets, and the events are few. However, it doesn’t mean you can’t make a quick buck if you bet smart.
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