Election Betting is one of the fastest-growing markets in the gambling world, as it combines fun and high profitability. Players can wager from the winner of general or presidential elections to what will be Joe Biden's tie color or the size of Donald Trump's bodyguards.
Betting on politics significantly differs from sports betting, as players focus mainly on long-term bets. By choosing the best political betting sites, they can apply highly profitable strategies, such as backing the underdogs.
How to Choose the Best Political Bookmakers
Some essential factors distinguish a good from a bad political betting site, and we have gathered a great deal of information for you in this article. Delve deeper into the top bookmakers for gambling on politics and understand what you can bet on and where.
- 1 Number of events: Top sportsbooks offer at least the four most dominant upcoming political events. US, UK, Australian elections and major European political events are subsumed in the best bookies, like 22bet, Betfair, and 1xbet.
- 2 Variety of markets: Punters can back every candidate or even which party will win in every State. Premier bookmakers offer at least 30 candidates for the UK, 5 candidates for the US Presidential Elections, and 25 selections in other European political events.
- 3 Props: The range of political props is endless, and they are the funniest type of market on political betting sites. Punters can bet on how many sips of water a candidate will drink or how long the debate will last.
- 4 Live political betting: This type of wager expands beyond measure, and high-profile bookmakers provide in-play wagering and minute-per-minute statistics.
- 5 Early prices: The leading sportsbooks offer prices at least 12 months before the election dates. This is a risky decision but an excellent opportunity for the sharp players to shop at increased prices.
- 6 Payout: The political betting odds might be lower than in the sports section. That happens because of the high number of candidates and possible outcomes. The more the markets, the lower the payout. Top sportsbooks offer a 75-80% odds for the US and UK election markets.
Sports vs. Political Betting: Main Differences
Low payouts are expected in presidential markets or elections where the polls strongly favor one party. These low prices may seem unappealing to sports bettors. Players must remember that betting on politics is a medium or long-term process, not a short-term one. The phrase 'a week is a long time in politics' resonates strongly when gambling on elections.
As voting day approaches, the most popular markets orbit around the country's leader, like the next Prime Minister in the UK or the US equivalent, the next President.
These are the main differences between wagering on sports and politics:
⏩ Bets on most candidates are given at low prices, and that happens for two reasons: Either public consensus causes a fail-safe result, or there aren't many possible candidates for that specific post.
⏩ The odds given on political betting sites can be risky if you bet on the early nominees because contenders' credibility can rapidly change. This way, a promising bet may easily be left without hope.
⏩ The majority knows the winner of an election before they are announced, and the bookmakers strive to rearrange the markets accordingly.
⏩Sometimes, there are markets that predict whether an event will happen and has no candidates. For example, you can bet on “will England vote itself back into the EU by 2026”.
What are the major upcoming political events
Most bookmakers offer at least a few political betting markets. These are the most significant forthcoming events expected to happen, based on the news. Also, remember that you can find every year's sporting events in our Sports Betting Calendar.
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Betting on politics: What are the most popular events
Punters have a wide range of events to bet on; some are more popular than others. Τhese are the most significant upcoming events:
What are the main betting types in politics
Players can bet on the winners of primaries in each State, victory margins and even if one of the candidates may face federal charges. International sportsbooks have more extensive offerings in political markets.
Let's see what the main betting types for betting on politics are:
- Moneyline: A bet is based on a specific outcome, such as whether Trump will win the 2024 presidential election.
- Props: These are the funniest bets someone can make. Players can bet on the size of Trump's privates, or how often a candidate will drink a sip from the glass of water they have in front of them. It's not easy to gain profit because little information or trends exist around these wagers.
- Over/Under: Someone can bet on whether the Republican or the Democrat nominee will get more or less than 270 electoral votes. In some countries, betting on Voter Turnout is very popular, and it is expressed in O/U wagers on bookmakers.
- Point spread: This bet is about the range. As long as you're in the range, you'll win the wager. Betting on a winning party in a specific State can earn you sizeable winnings.
- Handicap Bet: Players can bet on how much the difference between a winning and a losing party or candidate will be in terms of votes or seats.
- Winning Margin. Punters can bet on the margin between the winner and the runner-up candidate or party.
Full List of Top Political Bookmakers
Discover the complete list below and find the best politics bookmakers with the highest odds and the broadest range of markets for every year's elections worldwide.
Yes, it is allowed, regulated and offered in many countries. However, depending on your location, you may not be able to place a bet on websites owned and operated by land-based bookmakers, as the legalization of sports betting is state-based.
Political betting is a frequent type of wagering nowadays, and punters can find a wide variety of events. Almost every website has political betting on its platform, but brands like 22Bet, Bwin, 888sport, Betfair, Unibet and 1xbet offer a wide range of events and markets to their members.
The criteria for someone to choose wisely a bookmaker for political betting are the following: number of events, variety of markets, props, live betting, early prices and enhanced odds.
By following the same process as a sports betting site. Reliability is a steady process for a betting website. The factors that determine it are universal: International license, fast withdrawals, transparent terms and conditions, round-the-clock customer support, fair transaction policies, user-friendly mobile app, and good reputation.
Props are bets that aren't based on a straight result and apply to fun betting, such as tie colors, the number of bodyguards and the duration of the debate.
There are plenty of events on which you can bet on politics. These include elections, referendums, resignations, TV debate outcomes, or the passing of specific policies.
It is risky to advise on a strategy. It is essential to know the subject you’re wagering on, never underestimate the public’s mood when it comes to political outcomes, and keep up to date.
You can find the best betting odds by taking your time looking across different bookmakers. This depends on the market you are looking at and the political event you’re betting on. Take a look for yourself to find the best possible odds. Betfred, Unibet, Betfair and 22bet are some bookmakers that offer the highest odds at the moment.