Bet On Political Outcomes
2020 US Presidential Election Recap
Political betting is perfectly legal. Several US state laws now permit sports betting, and they make provisions for accepting wagers on politics and entertainment too. Betting on politics has been. GOP Nomination 2024 GOP Nominee for the Presidential election to be held on Nov 5 2024. $4,212,319 bet so far.
The 2020 US Presidential Election Season is in the rear-view mirror and while it took more time than necessary for the dust to settle, Joe Biden finally officially made Donald Trump the 11th one-term President. Despite the lawsuits, the conspiracy theories and investigations, Donald Trump, who has yet to concede, and many of the 75 million that voted for him may still never accept the Election results.
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The Electoral College has spoken, the swearing-in ceremonies are complete and the work to undo the damage that Donald Trump inflicted on his own Nation is underway.
Joe Biden can thank the African American turnout, the US Urban Centers, a huge number of mail-in votes and an unprecedented overall voter turnout for his big win. Trump predictably got a big swath of the vote from rural America. It remains unclear if those trends will follow us into the next Election Betting cycle or if the Donald Trump factor was a once-in-a-lifetime phenomenon.
Bettors were engaged in unprecedented fashion in 2020. Offshore sportsbooks reported a major uptick in US Election Betting from the 2016 campaign. One major British site saw a 150% increase in overall bets from 2016 with a few brave souls wagering $1 million plus on the outcome.
2016 set the standard as far as US Election popularity and 2020 blew that standard away. Now we look to the 2022 Mid-terms and the 2024 Presidential Campaign for our US Politics Betting fix. And it seems as though the Campaigns have started already.
As we look forward to the next Presidential Election cycle in 2024 – odds have already been set on who will be the Democratic and Republican Nominees. We will be there with all key political gambling markets to consider, the sites with the best and most varied betting odds on politics, betting strategies to help you succeed, and much more as we put a lid on this current Campaign and look toward the next one.
Political Odds & Betting News
Political Betting News
US Presidential Election Betting Odds
Betting on politics dates back hundreds of years. As King Edward VI of England lay dying in 1553, merchants in Antwerp were busy wagering on the disputed succession. Bookmakers in London were offering 4/1 (+400) on King George II dying on the battlefields of Dettingen after a foolhardy decision to wage war on the French in 1743. In the late 19th century, a thriving betting market on presidential elections sprung up on Wall Street.
Europe has always been the spiritual home of political betting, but it is now soaring in popularity in America. Each presidential election sets a new record in sportsbook handle, and there is serious money up for grabs if you can call it correctly.
Donald Trump was initially assigned odds of 500/1 (+50000) to win the 2016 election. That dropped to 25/1 (+2500) by the time he announced his campaign in August 2015. The odds on him emerging victorious continued to dwindle in the buildup to the election, but Hillary Clinton remained the heavy favorite, only for Trump to pull off a stunning upset. Some bettors won more than $1 million by betting on him.
On the other side of the Atlantic, bettors have recently made their fortunes by correctly predicting that Scotland would not leave the UK, Britain would leave the EU and the Conservatives would beat Labour in 2015. Betting on elections in countries like Australia, New Zealand, and Sweden is also popular.
The 2020 US presidential battle became the biggest political betting event in history. Donald Trump was perhaps the most polarizing figure ever to run for political office. His bombast and intense divisiveness were a benefit in 2016 but proved to be a detriment in 2020. We saw him start out as the favorite when the official 2020 campaign season kicked off but those odds dwindled as COVID-19 worsened and Democrats rallied to defeat the embattled President.
We now look forward to the 2024 US Election and oddsmakers have already stated compiling odds for who will be the combatants for what promises to be another political slugfest. Joe Biden, the current President will be 82 years old when that campaign comes around. There are questions about his ability and even desire to bid for another 4 years in office.
There will be more opportunities for bettors to weigh in on a host of topics, from the winner of the Presidency, to the winner of the Senate to the always-fun prop bets that became an enormous part of this political betting season. Sportsbooks will undoubtedly be covering races in other countries around the world as well.
Who will seize the opportunity will in 2024? Will there be any betting opportunities similar to the ones we saw in 2020 like President Donald Trump opening Area 51 to the public before his first term in office ends?
US Presidential Election Prop Bets
US Election Prop Bets continue to be a popular way for not only political junkies but pop-culture aficionados to get a little skin in the game.
The Presidential Debates were probably the highlight of the prop betting season. In true US Political fashion, Prop Betting season has dragged on past November 3 and is continuing even today. Prior to the 2020 vote, you could bet on Voter Turnout in the U.S Presidential Election, the percentage of Americans that would turn out and vote, Majority Control of the U.S. Senate, if Donald would get kicked off Twitter and whether or not Trump would lose every state he lost in 2016 – just to name a few.
Many sportsbooks offered odds on which candidate would carry each of the 50 states. For example, the Republicans were heavy favorites in Alabama, and the Democrats were heavy favorites in California, but it was tight in Wisconsin. You could also find prop bet options on all manner of weird and wonderful markets. There were Trump impeachment odds, and betting options on which Candidate would drop out first.
Nowadays you can bet on whether or not Joe Biden will be impeached, what year Kamala Harris will become President and whether Biden will complete his first term.
Election Prop Betting brought a little fun to what was an intense Election Season and will likely continue to be a big part of any Election campaign going forward.
Trump: +150 Biden-200
Trump: +150 Biden -180
Trump: +172 Biden -204
House and Senate Winner Odds
Control of the US House of Representatives and the US Senate became a huge part of the 2020 US Election season and will provide huge US Election Betting opportunities in less than two years. In 2020, Republicans actually picked up seats in the House but shockingly lost their long-established control of the Senate thanks to two defeats in ruby-red Georgia.
Elections have consequences and 2020’s were that Republicans’ loyalty to Donald Trump cost them control of all three branches of Government, giving Joe Biden and the Democrats a virtual rubber-stamp for any policy they want to pass.
For the Best odds on the presidential Election Visit 5Dimes.
Where to Bet on Politics
If you want to bet on politics, you need to find a trustworthy, reputable betting site that will pay you any winnings promptly. SBR has reviewed more than 1,000 sportsbooks, allowing us to identify the very best in the business. Check out our list of top sportsbooks to browse the list of sports betting sites that have secured an A+ or A rating. You can wager at any of those sites with confidence. Most offer political betting, and that trend of growing opportunities will only increase thanks to the insanity that we have seen the last 8+ years.
The online sportsbooks cited on this page are all great options. They are well-known betting sites, trustworthy and renowned for paying out on time. They offer a range of compelling sports betting and political betting markets, and some attractive odds and bonuses too.
Presidential Election Betting Tips
It helps to pay attention to what is happening in the world when betting on Elections. Donald Trump appeared to be on a path to victory at this time last year with the economy raging and everything seemingly on the upswing in the US. Political scientists have long pointed to the effects of economic performance upon major votes in countries across the globe. A failing economy is often disastrous for the incumbent.
Social unrest and COVID-19 completely changed the economic trajectory of the country and ultimately brought Donald Trump down thanks to his unwillingness or inability to deal with either. It wasn’t his bombast, his lies, or his divisive personality, it was outside factors that made him just one of 11 one-term Presidents.
That said, it seems as though political loyalties are baked into some people’s minds in the US, giving credence to the notion that it doesn’t matter to some what is going on in their country – “once a Republican, always a Republican”. If it were the case of outside forces being the sole determinant of an Election outcome, Mr. Trump would have been absolutely destroyed in November.
You should also never fear backing the underdog. Donald Trump was the underdog right up until the end in 2016 and won. In 2020 he was a huge dog and almost pulled it off.
The outsider often wins and you see headlines screaming that the bookmakers got it wrong. Yet bookmakers are not trying to predict the result of the vote. They are not pollsters. They are simply trying to make money. They will offer the most compelling odds on each candidate that they can muster, based on the volume of bets previously received on each man. Look at policies, ratings and the general mood of the country before looking at the odds. Do not be afraid of prop betting options either. Some are ridiculous, but others can be potential gold mines if you do your research.
Alternative Politics Betting Markets
You can bet on political developments taking place in a wide range of countries this year. There are key elections taking place in New Zealand, Poland, Serbia, Belize, Bolivia, Croatia, and many other countries. Sportsbooks are offering lines on the next country to leave the EU, the next country to hold a referendum on leaving the bloc, the next CDU leader in Germany, the year of the next Spanish general election, the next Pope, North and South Korea unifying as a single sovereign state, and much more. Some of these bets are designed for entertainment purposes, but you can make healthy profits if you successfully predict the outcome of political events in many countries.
Is Betting on Politics Legal?
Political betting is perfectly legal. Several US state laws now permit sports betting, and they make provisions for accepting wagers on politics and entertainment too. Betting on politics has been a prominent pursuit in Europe for hundreds of years, and it continues to grow in popularity in America. If you like betting, politics can be your savior amid the lack of sporting action currently on offer. Just make sure you find a safe, reliable sports betting site with a healthy political wagering section, and get involved in the action.
Many people might not think that a lot of people bet on political events and outcomes and that it’s a complete waste of time. What many don’t know, is that there is much money to be made in the increasingly large world of political betting. Bookmaker online and around the world have added political betting markets due to its popular demand.
Because there is always some sort of election or congressional nomination going on in the world bets are pretty popular. The most popular of these bets is the US Presidential race that in the past few years has been tight. The great thing about online sports books is that not only can you bet on your favourite politicians but you can also bet on outcomes around the world. Below we will discuss the different odds and betting types for political betting and go through some examples of each. First, let’s take a look at the best websites for betting on the political events, including the US presidential election.
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How To Bet On Politics
When it comes to betting on politics, there’s really only two types of bets you can make including the straight up and money line bets. Since the scope of politics is narrow in comparison to other sports you will see most bookmakers only offering these two types of bets which we’ve outlined for you in detail below.
- Straight Up Bet: The straight up bet is usually the most common type of bet that one would place when betting on politics. This bet is basically a wager on who will win a certain election or riding. The odds would be given to each candidate before the end of the elections and its up to you to bet on who wins. The favourite to win will have lower odds and the underdog will have higher odds. An example of this is during the 2010 US Presidential race Barack Obama had odds of 2:1 which meant that for every dollar you put down you would get $2 back. As for Senator McCain, his odds were 4:1 so that every dollar wagered to win would result in $4 back. McCain had a chance to win but Obama was the favourite and paid less.
- Money Line Bets: Another type of bet is a money line bet which is a wager on how much a certain candidate would win by. For example using the 2010 US Presidential race, if one was to wager that Obama would take at least 50% of all the states that would be considered a money line bet. These bets are quite fun as you can bet straight up on one candidate and bet on if another candidate would take a state.
Major Political Elections
- Presidential Elections (US): this election is probably one of the most popular and most watched across the globe. The person that takes office is usually considered one of the most powerful people in the world. There is a lot of excitement surrounding the primaries and the final election between the two parties in the US. This is also a great time for bettors to make wagers as it adds to all the excitement. The elections happen every 4 years and occur in October/November, with the winner being elected President of the United States and moving to the White House.
- Congressional Elections: Not all sports books carry these elections but Congressional elections are also very popular to bet on in the US. Certain races like the governor of California (Arnold Schwarzenegger) were very highly covered and many sports books placed bets.
Tips for Political Betting
Bet On Political Events
The best way to become really good at betting on politics is to become very good at predicting the popularity of each candidate. External factors that come into play are scandals and death which are really hard to predict. The leading and most popular candidate can change from day to day and this was evident in the US primaries where Obama beat out Hilary Clinton. Many people had their money on the Hill Dog as the one to win it. Political bettors also must keep abreast of the so called “temperature” of a candidate as they are running for office. Politics is very dirty and ruthless and it all depends on the image of the person running and they have to be squeaky clean in order to pass through popular opinion.
Betting On Political Outcomes
The best way to keep track of your lucky candidate is by using the internet. It is one of the best ways to have instant updates on your candidates and their competition. Usually when information is leaked its on either a blog or a very big internet site. News programs such as CNN and others are great for keeping track of up to date facts and have great 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 sports books 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.