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. Sportsbooks 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.
50% up to $1000
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.
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.
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.
Once or twice per month we will provide you with the latest sports tips and keep you updated about the biggest events.