Politics
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Political Betting Odds - Get the Latest UK, US & Global Politics Odds

You are already aware that you can wager on sports, but did you also know that you can wager on politics? Political betting lets you use your propensity for prediction and love of politics for a chance at a reward. Discover the latest political betting odds, markets, and lots more.

Political Bets Explained

Political bets are exactly as you would interpret the term; betting on politics-related outcomes. This form of gambling is quite like betting on sporting events. One of these is betting on the winner of an election by putting your money on the person or party you think will get the most votes.

The categories for betting on politics are not limited to the total number of votes or the order of political succession. You can choose to stake in local and national elections. Betting options could look something like US presidential election odds, UK general election betting, Boris Johnson betting odds, Joe Biden odds, Donald Trump betting odds, and much more.

How to Place Political Bets? 

Placing political bets is as easy as placing sports bets, and you might find it even more interesting if you fancy current affairs. To get started, follow the steps below:

  1. Register at your chosen betting site and make your first deposit
  2. Look up the political betting markets available on the bookie
  3. Place your bet, and wait for the outcome.

If you bet on Mike Pence to get the most votes in an election, for instance, and that happens, you win.

Best Betting Sites for Political Bets 

We feature top operators for such special bets on our site. Our experts ensure to acquire information relating to site usage, betting options, marketing efforts such as bonuses, and much more. These details, combined with real user reviews, help us create an honest analysis of every bookmaker.

The best websites we recommend have everything, including a detailed privacy preference page, and work fine on mobile. They also accept customers from Great Britain, the US, and other parts of the world.

Types of Political Bets

There are four popular types of political bets, which we have explained. Whether bettors are Liberal Democrats or looking to vote for a Conservative Leader, you’ll find a suitable betting option:

Outright Bets 

An outright bet is also called a futures bet. To bet on a futures market, a bettor must predict the outcome of an event, such as an election in this case. Bets like this will typically require only that bettors correctly predict the victor. If you bet months in advance of the election, you may have to wait until the election results are released to know if you win or lose.

Example:

  • US presidential elections winner: Joe Biden to win against Donald Trump

Prop Bets

Political prop betting is another popular form of political wagering. These secondary betting markets let people bet on a wide range of things, like whether an elected official will finish their term or what they might say in a campaign speech. These are bets that might not directly predict the outcome of the election, but they could still sway voters. An example of a political prop bet includes:

  • How long will the debate between Donald Trump and Joe Biden last?

Head-to-Head Bets

This kind of bet can be made when there are multiple candidates for the same office. The bet is subject to conditions, such as being void if the two candidates are never matched. For example, during the next US presidential election, there could be bets like

  • Joe Biden (-150) vs Hillary Clinton (+110)

Here, Joe Biden is a sure candidate, but no one knows the opponent yet. If you bet on the example above and Hillary emerges as the opponent, you win.

Over/Under Politics Bets

Total bets, also called "over/under" bets, are made when a bookmaker sets a line on how often an event is expected to happen. In a presidential election, for example, the odds of whether the candidate will receive more than a certain number of votes in the Electoral College can be determined. Put your money on the "under" if you think there will be fewer and on the "over" if you think there will be more.

  • Example: Candidate A (over 2000)

Presidential elections are the most prevalent target of political bets. Since much of the country, and sometimes the world, will be watching these events, the bettor will have more than enough information to place a well-informed wager. Still, some online bookmakers offer odds on different political markets, like those below.

The Government After the Election

Betting on the government after the election is one of the many options available to punters. Here, you can predict which political party will do well at the polls and take on the leadership position after the elections. Also, the odds might be higher in countries with multiple political parties contesting.

Since bookmakers are never slow to price up upcoming elections, you can find this type of bets months or even a year in advance. Conservatives and Labour are both seeking to lead the UK in the next general election and betting odds on the outcome are already available.

Party Leaders 

Betting on party leaders is another interesting option. You can place bets on who you think will be the next leader of the Labour Party, the Conservative Party, and other political parties using this market.

Bettors prefer this type of wager because they may watch a political party closely and make an educated estimate as to who will head it next. People in powerful positions within the party, like the Foreign Secretary, the Chancellor, the Home Secretary, and so on, are usually the frontrunners. However, less well-known but still powerful members of parliament and fast-rising members often have better odds.

Mayors

Betting on mayors is also a common bet type. When an incumbent mayor's term ends and they cannot run again, an election is held to select a new mayor for the city. Many people, including politicians, business executives, nonprofit organisation heads, and successful business people, will be vying for the coveted position.

For quite some time, both New York and London have been considered the peaks of mayoral posts worldwide. Since these races get a lot of attention from the public, most sites that let people bet on politics offer bets on mayoral elections in these cities. Your role is to wager on who you think will win.

Referendums 

Political betting goes beyond staking on people to hold certain positions; there is also the option of betting on referendums. These bets could be on almost any subject of popular debate in recent times, like a country gaining independence.

For example, large wagers on the United Kingdom remaining a member of the European Union totalled over $200 million prior to the Brexit referendum in 2016. In 2023, many political betting sites still let people guess if the United Kingdom will be a full member of the European Union again in 2026. The odds for “yes” in this case are much higher than the odds for “no.”

The UK's Next Prime Minister 

Betting on the UK’s next prime minister is the equivalent of betting on the next US president. It is a big-time electoral process with tough competitors and, of course, competitive odds. Unlike the United States, where a president can only serve two terms, British Prime Minister Boris Johnson could stay in power indefinitely if his party maintained a majority in the House of Commons.

If the Conservatives are defeated in the next general election, the government faces a no-confidence vote, a general election is called, or the party loses faith in its leader and calls for a leadership election, a new prime minister may be appointed.

Australian Federal Election 

Betting on the Australian federal election is just as popular as betting on the US presidential election and the UK general election. The last national election in Australia was in May of 2022. Like the UK general election, the winning party here is the one that takes control of the House of Representatives.

Among Australia's 151 parliamentary seats, the Liberal-National Coalition held 77 (led by Scott Morrison). The Labor Party, led by current party leader Anthony Albanese, opposed Morrison, with the Coalition emerging as the current winner.

Before the election, the Coalition had odds of -238, while the Labor Party was given odds of +175 to win.

The US Presidential Election 

Predictions for betting on the US Presidential Election of 2024 are already up at some political betting companies. The odds will seem very different as election day draws near, but like any future bet, the potential payouts are typically more significant in the early going.

Due to how intense the 2016 US presidential campaign was, betting on this market was higher than ever. Before his surprising 2016 election night victory, Donald Trump had odds of +475 as an underdog, and he turned a massive +15,000 on October 11, 2013. Online betting companies took more bets on the 2020 presidential election than any other sporting event.

US Senate Elections 

Another option for betting on US politics is to bet on the US Senate election. There are always 100 Senate seats up for grabs. Before the 2022 elections, the Republicans held 50 seats, the Democrats held 48, and two independents caucus with the Democrats. If the popular vote is even, the vice president of the Democratic Party casts the deciding vote. You can bet on which candidate will likely represent a specific US state in the next senate election, with odds always available months before the election. You can also wager on which party will have the most seats in the House after the elections.

Betting on US Congressional Election 

Betting on the US Congressional Election is also a common option that political betting sites feature. Every two years, Americans head to the polls to fill the 435 open seats in the United States House of Representatives. Elections for the United States Congress were last held on November 8, 2022.

The congressional elections are divided into two: one for the house of representatives and the other for the senate. During the midterm elections, the House of Representatives usually belongs to the party that is not currently in the White House. You can bet on which party gets the most seats in the House of Representatives.

Less Popular Political Betting Markets 

Of course, you will not always have presidential elections to bet on, as every tenure has to first run out. However, there are some less popular political betting options that you can explore.

These other alternatives may differ based on location. You can bet on local elections, like those for the district attorney, mayor, and local judges, at some bookies. These get less attention than state or national elections. These are far more challenging to anticipate without prior knowledge of the location. Bets can also be placed on how popular various world leaders are expected to be (known as their approval ratings). 

Why Should You Bet on Politics?

When it comes to betting on politics, people can expect the same thrilling experience as other forms of gambling. Beyond that, here are a few more reasons to bet on politics:

Value 

Visiting an online betting site to place bets on politics means you are interested in political matters. That is undeniably one way to stay in the know when it comes to issues of governance. You will have to follow the news and current affairs to know how your bet is doing, making you more knowledgeable.

Real-World Impact 

If you are looking to create a real-world impact by ensuring that the government works well, betting on politics is another way to do that. Considering your bets is an extra step to show faith in the choice you voted for or are looking to vote for in an election.

Suitable Even for Beginners 

Not everyone will be interested in sports betting websites, including people who have no favourite sporting activity. However, even without betting experience, you can place political bets with ease. All you need to know is the betting market that interests you and then follow the news to stay up to date.

Added Excitement to Your Voting Experience 

As you cast your vote and expect an outcome, the excitement can be more intense if you place bets. Knowing that your winnings could be affected by the outcome of the election or political market on which you bet keeps you on your toes. It is all for the adrenaline rush.

Winning Money by Expressing Your Political Position

Another benefit of political betting that cannot be denied is the chance to win money for expressing your political views. Nobody argues with or criticises your choices when you win or lose a political bet. You also enjoy the joy of a double win if your bet pulls through and your political view counts.

Political Betting Strategies and Tips

It is impossible to be 100% certain that a political event will turn out as you predicted. In other words, you cannot always be sure that your bet on these events will win. However, with the right tips, you can make the most of your stakes. Here are some political betting strategies and tips to use:

Research from Multiple Sources

Aside from your political views, you should know what others have to say about the events. Research to learn more about the competing parties and individual candidates. With this, you can view the electoral process in a clearer light.

Afterwards, you will know the best bets to place based on the information you gather. You'll be able to tell which party has the upper hand and which ones are not worth betting on.

Bet Closer to Elections

Elections are very unpredictable. One party may show a lot of promise during the campaign but lose the general election. That is why it is preferable to vote closer to election day. By this time, there is better information on which party has a better chance of winning.

Bookmakers will have betting markets for these elections as long as they run. So, you will not be short of options to wager on during the election period.

Seek Value - Don't Always Go for The Favourite

It is normal to want to vote for your favourite candidate or party. However, you should not be carried away by your preference for a certain party when it comes to betting. Unless you are prepared to lose more than you win, you should always bet on value, not your favourite.

Also, an online bookmaker will always have a favourite and an underdog. While the favourite has a good chance of winning, the underdog pays better. However, ensure to do research before placing any bets.

Use Bonus Money

When gambling online, you should take advantage of bonuses. With these freebies, you can place wagers without fear of losing. If you win, you can cash out the profits after meeting the site's terms and conditions.

There are different types of bonuses you can claim at online bookies. These include free bets, matched deposit offers, and accumulator boosts. You can find sites with the best bonus offers on Oddspedia.

Bet on Multiple Candidates

Betting on more than one candidate boosts your chances of placing a winning bet. This is because there is a higher chance that your prediction concerning one of these candidates will be correct.

However, before betting, ensure you understand the strength of the parties or candidates you are wagering on. If you are lucky enough and have the right information, most of your predictions regarding the election will be correct.

Be Successful When Betting on Specials with Oddspedia 

Oddspedia has the resources to ensure that you have a more successful betting experience. Here is how we can help you in your political wagering sessions:

Grab the Best Odds

Great odds are one of the highlights of betting on political events. If an online bookmaker has excellent odds, you will make more money from a winning bet. This is unlike sites with lower odds because the winnings you would make on such platforms would be lower.

At Oddspedia, you will find top bookmakers with competitive odds for political events. Our platform also allows you to compare bookmaker odds to see which ones are best. We have listed more than 200 bookmakers, so you can easily make your comparison.

See Full Odds History and Movement

Oddspedia also has a history of odds and graphs that show their movement since the opening of the political markets. This information gives you insight into the previous odds for different markets. Using these graphs, you can tell which markets are most favourable and which ones paid out the most.

The details you glean from our odds history can help you place better-informed bets. You can predict which markets will favour you and which ones will not.

Get the Latest News

One of the most important aspects of political betting is following the trends. Read as much content as you can on what is happening in the political world. Check what other people are saying about the elections and learn if there is any information provided by influential political figures.

You can do all of that and more at Oddspedia. We have the latest news from top news agencies on our website. So, you do not have to look too far to get the necessary information that could help you place better bets.

Read Betting Tips and Analysis

We have a plethora of betting guides for different types of special bets. In these guides, we have included all the specifics and everything you need to know about these types of bets. You’ll also find useful tips and strategies that apply specifically to them. These tips might not guarantee you a win, but using them will boost your chances of placing better bets.

Check Statistics and Public Opinion

During elections, it is important to check statistics regularly. This information could greatly impact the bets you place at online bookmakers. With these details, you can know what party is leading, which candidate has a better chance at winning the elections, and others.

Oddspedia features all the necessary statistics that you need to know when placing special bets. We also have an active community where experienced bettors share their opinions about different topics, including politics.

The Biggest Wins with Political Bets

Some gamblers like to bet big, and this habit has paid off for many. However, there are some wins on political bets that stand out. One of these is a million-pound wager on Joe Biden winning the 2020 presidential election in the United States.

On election day that year, a British gambler staked a million British pounds, which was then equivalent to 1.29 million dollars. The bet was in support of Joe Biden securing the presidential seat.

Although the identity of the gambler is unknown, the fact is that the bet was to pay 540,000 pounds, which was equivalent to $696,170 at that time. This is in addition to getting back the one million pounds that were wagered.

Specifics of Political Betting in Europe and The United States

In places like the UK, betting on politics is legal. Punters have been able to wager on political events since the British parliament passed the Betting and Gaming Act in 1960. However, it is best to place bets on sites that are licensed by the UK Gambling Commission or other well-known authorities.

The story is completely different in the United States. Since the ban on sports betting was lifted, many states have regulated the activity. However, political betting is not one of the options that US residents can bet on. While this is subject to change in the future, there are currently no indications that political betting will be allowed anytime soon.

Political Betting in The Baltics and The CIS

Political gambling is available to online punters in the Baltics and the CIS. People in these regions have enjoyed online gambling as a form of entertainment for a long time and have access to betting sites with political betting options.

The betting markets in the Baltics and the CIS are also comparable to what you will find in other parts of the world. However, the most common betting markets to expect will be referendums and head-to-head bet types like the next president bet. You can also bet on other political markets, like the UK or the US, from any of these regions.

Political Betting FAQ

Can Betting on Politics Be Profitable?

Betting on politics can be profitable if you place educated wagers. You should also wager on online bookmakers with excellent odds, as this determines how much you get when your bet is accurate.

Do All Sites Offer Political Bets?

Political betting might be popular, but not all sites have markets for elections. Finding sites where you can place political bets is a breeze. Simply visit Oddspedia and use the search function. On our site, you will find a list of the best platforms to place these bets.

Can I Use My Sports Welcome Bonus for Political Betting?

If the online bookmaker has a welcome bonus for political betting, you can use the freebie to bet on the elections. However, such bonuses are not as common as those for sports betting.

What Political Events Can I Bet On?

Some of the most popular betting markets include wagering on the party leaders, the mayors, and the next Prime Minister of the United Kingdom. You can also bet on which party will do better at the polls.

Is Political Betting Legal?

The legality of political bets depends on the country. For instance, despite the growing popularity of sports betting in the US, political betting is illegal. However, in the United Kingdom, political betting is legal.

What Types of Bets Are There?

Outright winner is the most popular type of bet you can place. There are also prop bets that are not related to the outcome of the election. Other types of bets including over/under and head-to-head will also be available.

How Can Oddspedia Help with Political Bets?

At Oddspedia, you can get the latest news that will keep you informed of what is happening during the election process. We also have a platform where bettors can communicate and share their opinions on these events. With these details, you can place better-informed bets.

What Are the Best Political Betting Sites?

You can find the best political betting sites at Oddspedia. We have handpicked these platforms after evaluating their offerings. We also recommend only licensed online bookmakers.

Can I Place Bets on The Presidential Election?

You can place bets on the presidential election at some of the best online bookies. At Oddspedia, you’ll find a list of the best bookmakers with great odds where you can wager on the election.

How Soon Can I Collect My Payout?

You can collect your payout once the elections are over. The amount you get depends on the odds. However, you will get paid only if your bet was accurate.  

Can I Make Real Money Betting on Politics?

To make real money from betting on politics, your bet has to be accurate. If your bet wins, you get a payout based on the odds the bookmaker set. 

Where Can I Find the Best General Election Odds?

Online bookies like William Hill offer the best general election odds. You can find more of these sites on Oddspedia. Furthermore, we have a page that covers the best odds and information for the general elections.

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