Political betting lines - Get the latest Canada & global politics betting lines online

Political betting explained

Political betting is a subcategory of specials or novelty bets that involves wagering on government-related matters and policy-making.

Some of the hottest political bets right now include the US presidential election and the Canadian provincial and territorial elections. Like sports betting, gambling on politics requires bettors to understand and research current affairs.

How to place bets on politics

Betting on politics is just as easy as wagering on sports! Simply identify your ideal sportsbook, sign up, fund your account, and apply these few steps:

1. Navigate to the specials or politics betting page
2. Scan through the available markets and pick one
3. Compare the politics odds levels
4. Add your selection to the bet slip
5. Submit the bet slip

Wait until the results are out to know whether you have won.

Best sportsbooks for political bets

We have a long list of top-tier betting sites you can use for political betting. Each of our recommendations goes through a thorough selection process so you know exactly what you are getting when you sign up and register.

We also check the depth of political coverage and whether the sportsbook has suitable bonuses you can use. Lastly, we always analyze reviews from some of the top talents in the industry to better understand the betting site and how it could benefit bettors of all experiences.

Types of political bets

As you can tell, political betting is quite different than betting on sports. Below we break down some of the more popular betting options:

Outright bets

Outright bet entails making long-term predictions of the final results of a political event like the UK general election. Often referred to as a futures bet, this form of gambling comes with high odds, especially if you make your predictions in advance. However, to make a winning bet, exhaustive research is called upon. Go through the available data, statistics, or any other materials that can help push you in the right direction prior to making your bet.

Prop bets

Political betting has developed over the past few years, and thanks to the evolution, you can now place proposition bets. With this type of bet, you can make predictions that will not affect the main result for a given event. For instance, you can bet on whether or not the presidential elect will finish a term.

A good example is the 2016 US presidential election held in November. You won the bet if you voted that Donald Trump would not finish two terms in office. After all, in 2022, he lost the race to the incumbent president Joe Biden.

Head-to head bets

Though straightforward, head-to-head can be quite a tricky bet type in politics. This betting option comes to play when a leader runs against several politicians. For example, before Democrats chose Joe Biden to run for the presidency, there were multiple speculations.

These led to the following head-to-head combinations, Trump (-150) vs Joe Biden (+110); Trump (-120) vs Bernie Sanders (-120). Usually, if the matchup does not happen, the bet becomes void. It is the same when betting on the Canadian Provincial and Territorial elections.

Over/Under politics bets

Over/Under is a totals bet that does not involve a specific outcome. With this bet type, you can predict whether the total number of Electoral College votes for a candidate in a presidential election will be Over or Under a specific number. This goes hand in hand with the number of senate seats the Republicans or Democrats will win.

Most popular betting markets for politics in Canada

Political betting comprises a full range of markets, so you will not feel restricted on the bets you can place. That said, here are the top political betting markets you should expect at the best sportsbooks in Canada:

Betting on Canadian Prime Minister

You can bet on the Canadian prime minister and stand a chance to win some cash. Canada is ruled by a Prime Minister who has no term limits. For example, the current prime minister, Justin Pierre James Trudeau, PC MP, will continue serving as long as the government has a majority in the House of Commons.

However, if he resigns from the post, you can bet on one candidate to succeed him. It is advisable to place the bet immediately after the sportsbook develops the markets to enjoy quality odds.

Betting on New Canadian Federal Government

Placing new Canadian Federal Government bets is similar to betting on the Canadian Prime Minister with a small disparity. Instead of betting on one candidate, you bet on the political party that will win the elections.

So far, you can bet on the Liberal Party of Canada, Conservative Party of Canada, Bloc Québécois, or New Democratic Party. You only win the bet if your chosen party gets more sitting MPs.

Betting on Canadian Provincial and Territorial elections

Besides Federal, Canada holds provincial and territorial elections where citizens choose various leaders in these regions. You can bet on the election results of Ontario, British Columbia, Manitoba, Quebec, and Nova Scotia.

You can also predict the election results for Northwest Territories and Nunavut. Remember, the Canadian provincial and territorial elections are held after every four years. However, the Canadian Provincial and Territorial markets are usually available long before the elections.

Betting on US Presidential election

This is one of the most common markets in political betting. Predicting the next US president betting option allows you to pick the candidate that will garner more Electoral College votes and become the president of the US.

Even though the US presidential election happens every four years, you can place the bet two-to-three years earlier. This is one of the tricks you can use to enjoy quality political odds. But first, you must know the candidate running for each party to place the bet.

Betting on next UK Prime Minister

You can bet on the next UK Prime Minister. The monarch appoints the Prime Minister of the UK and serves at his majesty's pleasure. Once the prime minister vacates office, there are usually suitable candidates likely to be appointed to the position.

Sportsbooks will provide the names, so you only need to choose the person who will get the appointment. Since the market is usually unpredictable, it usually comes with high odds.

Betting on government after election

Some sports betting sites allow you to predict the government after the election. This market offers bettors various gambling opportunities, such as the number of Electoral College votes the government will have. You can also predict whether the Prime Minister of Canada will resign from office after a specific period. Such markets, however, require keenness since they can be quite volatile.

Betting on party leaders

Every party carries out elections to choose its leaders. You can predict the next party leader for the New Democratic Party, Bloc Québécois, and Consecutive Party of Canada. You can also bet on the Leader of the Liberal Party immediately after Justin Trudeau vacates office. Betting on party leaders may require extensive research since the topic does not get much coverage by the media.

Betting on mayors

Municipalities in Canada hold elections every four years. Before the elections, you can bet on who you think will become mayor in respective municipalities. For example, you can bet on the mayor of Toronto, Ottawa, Edmonton, Burnaby, Winnipeg, and Calgary. This market features multiple selections.

Betting on referendums

Some of the top betting sites in Canada take bets on referendums. This is in a bid to extend their political specials portfolio. Even though Canada rarely holds referendums, they sometimes happen, giving gamblers something to bet on. In Canada, bettors can enjoy federal and provincial referendums occasionally. Gamblers can also bet on referendums in other nations, including the USA and Switzerland.

Australian Federal Election

You can bet on the Australian Federal election, namely on the 48th Parliament of Australia. This option lets you bet on who will occupy the House of Representatives and Senate seats. You can also bet on the political party, for instance, the Labor Party or Liberal/National Coalition, to win the election. It is quite a comprehensive market that covers various betting options. Unlike most political markets, you have room to decide which option you wish to bet on.

Others

Other less popular types of political markets you are likely to encounter on sportsbooks include:

• Next president of Mexico
• Which next provincial government in Canada will vote for gambling
• Next country to leave the European Union

The political specials market is broader than just the frontrunner of the presidential election. If you are keen, you will find markets that don't need you to be a political enthusiast to place the winning bet.

Key points when betting on Politics

There are multiple reasons why political betting activities are surging not just in Canada but other parts of the globe. Some of the top reasons include:

Value

Betting on politics without extensive research is an uphill task unless it's on a whim and you're playing just for fun. Researching governments and political systems adds value to yourself and the potential to place successful bets. By the end of each bet, you will understand how different nations are governed and stay informed on current affairs.

Real-world impact

Betting on politics is one of the ways you can have a real impact on the world. After casting your vote, you can further express your trust in your choice by placing a bet. Also, while researching, you will stumble across the information you find to choose competent leaders who will bring real change.

Suitable even for beginners

Some people avoid gambling because they don't understand any sport or have never placed a real money bet. Betting on politics provides an avenue to ease into gambling and still enjoy winnings. Essentially, betting on politics is highly suitable for beginners.

Adds another layer to your voting experience

Casting a vote is fun, but can be thrilling when coupled with a bet. The adrenalin surge when waiting for results is always an incredible experience. This will see you keep up with the process to completion. In short, betting on politics enhances the entire experience and elevates the anticipation.

Winning money by expressing your political position

Placing a bet is one of the best ways of openly expressing your political position while winning money. For instance, when you bet on the mayoral elections, you will announce your preferred candidate. If your choice wins, you receive cash immediately after the bet settlement.

Political betting tips and strategies

Politics is a dirty game making it very unpredictable regardless of the level. However, with the right betting tips and strategies, you can upsurge your chances of placing winning bets. Some of the top political betting strategies you should employ for the best outcome include:

Gather information from multiple sources

Doing research is non-negotiable when betting on politics. Take your time to gather information from all the relevant sources. For instance, keep up with the news, read newspapers, go through journals, and check online.

Be vigilant in ensuring every place you gather your information is authentic, especially with online sources. The more information you gather, the more likely you will place winning bets.

Bet closer to elections

It is always the norm to bet on events long before the odds begin to change. However, it is the opposite when dealing with politics. When gambling on political events, consider betting closer to elections. During this time, you have enough information to place winning bets. You also have the opinion polls to go by. But still, be on the lookout so that you don't miss anything that may affect the outcome.

Find the value - don't go for the favorite

With the prospect of banking some cash from your wins, political bets can be hard or turn sour if you only bet on your favourite candidate. Find value in every prediction you make. For instance, instead of going with a biased choice (personal preference), vote for the candidate likely to win based on statistics.

Use bonus money

We widely recommend you use bonus money if you want to enjoy extended gambling at little to no extra cost. With bonus cash, you don't have to worry about breaking the bank/budget. For instance, with no deposit promotions, you wager for real cash deposit-free. Once you confirm that the terms and conditions are fitting, take advantage of the bonuses.

Bet on multiple candidates

By betting on multiple candidates, you can increase your chances of winning cash regardless of the outcome. Sign up on different Canada sports betting apps and go through the odds to ensure you earn profit despite the outcome. This comes in handy when betting on presidential candidates, mayors of municipalities, or political parties. Also, note that each betting website you use is authentic and safe for Canadians.

How to be successful when betting on politics with Oddspedia  

Oddspedia has repeatedly proven to be the go-to site if you want to place bets online successfully. Here are details on how to get the most out of Oddspedia when betting on politics:

Get the best betting lines  

At Oddspedia, we provide users with high odds for political markets from over 200 sportsbooks. Using our odds comparison tool, you only need to know the selection you wish to bet on and find the best possible odds for the market. We also include a link redirecting you to the sportsbook offering these market prizes.

Check full odds history and movement

Apart from providing you with the highest odds value in the market, we also include full odds history and movement. Thus, you can find out the value of the odds from the beginning to the current day. Using this information, you can determine the probability of the event happening.

After all, sportsbooks adjust odds based on the internal and external factors affecting the market. It is a useful resource when betting on live and pre-live events.

Latest news

Gathering the latest news necessary for placing political bets can be time-consuming. Thankfully, we are your one-stop shop for everything you need. We gather relevant information from news agencies and make it available for you in one spot.

Other sources include newspapers and trusted social media pages. Expect details about the presidential, municipal, and federal government elections.

Read betting tips and analysis  

We have betting tips and analyses for different political bets. You will find strategies for betting on the next Prime Minister of Canada and the Canadian Provincial and Territorial elections. We also have tips for gambling on the US President.

We aim to increase your probability of placing winning bets regardless of the market. You can also use the tips to confirm your findings on specific bets. Note that all politics betting tips and analysis are available for free.

Check statistics and public opinion

We have pertinent statistics that you can use to place political bets. We include past data, recent information, and necessary facts for every market. Our political statistics are verified to ensure they are correct.

Furthermore, we have a community of political bettors whom you can chat with and compare notes about the available markets. This option will help expand your thinking. It will also give you a different perspective on political events, which is fantastic.

The highest political bets payouts

Since the introduction of political betting in Canada, there have been many winners with a couple of high payouts. During the 2020 US presidential election, one bettor staked $1.32 million on incumbent president Joe Biden hoping to cash out $2 million. Since Joe Biden beat Trump by garnering more Electoral College votes, this individual cashed a significant sum of money. Such payouts have helped popularize political betting.

Popularity of political betting in Canada, US, and Europe

The popularity of political betting in Canada, the US, and Europe is apparent. The percentage of individuals betting on the US presidential election shot through the roof in 2020, reaching a new high. Some of the reasons why political betting appeals to gamblers is because it is simple, even for first-time bettors. Also, politics has the best coverage.

You can easily find information in news articles and online without struggling. But then, most bettors go for head-to-head and Outright bet types compared to other betting options. These bet types are easy to research, so they attract many bettors.

Legality of political betting in Canada

Canada has no legal obstacles that bar bettors from betting on various elections. Citizens can bet on the oncoming Prime Minister, mayor, or the Canadian Provincial and Territorial elections. This explains why most sports betting sites in Canada offer political betting under specials.

Even more, top bookies cover international politics and referendums, not just Canadian politics. But first, confirm that your province or territory accepts betting before placing political bets.

Betting on Politics FAQ