Politics is a fiery subject that can quickly bring out the worst in people. An amicable conversation can quickly transform into a feud that outlasts generations. Yet, sportsbooks have decided to channel this passion for politics through offering a variety of possible betting markets.
“Politics” is an actual market you can explore today and whether you are betting on Donald Trump’s reelection as U.S. President, Brexit, or Mexit, there are quite a few entertaining options to choose from.
Political Betting Sites
These are the best sportsbooks that we recommend as of 2020 based on bonuses, odds and overall betting experience:
- US Players Accepted
- Promo Code: BOL1000 (Minimum Deposit: $55)
- US Players Accepted
- Promo Code: JOIN125 (Minimum Deposit: $100)
- US Players Accepted
- Promo Code: SB1000 (Minimum Deposit: $55)
- US Players Accepted
- Promo Code: VEGASODDS
- US Players Accepted
- Promo Code: VEGASODDS
Today, we will help you find the best sites you can place a political bet at, get some great odds, and explore even greater opportunities. Naturally, the Presidential race in the United States will be in focus, but there are other great examples as well. We have put together a complete list of the top political sites as you can see in the table above.
Not sure where to place your next wager on the political race? Pick any of our recommended brands. We’re here to make political great again.
Where Can You Find Political Betting Markets?
Political betting is available on every sportsbook which covers a fair share of sports events. Other than athletic competitions, though, most bookies will also feature a number of alternative markets, such as Entertainment and not least Politics.
Politics is not an underhand market, but rather it brings its own dynamic and plentifulness of opportunities. True, by nature political bettors are a patient lot who are in for the long term, placing early calls, such as whether Donald Trump would be impeached – he wasn’t, though this might have been courtesy of the coronavirus global pandemic.
Most markets will be available at a sportsbook you probably already frequent. If you are looking for a new place to try, there are many viable choices with detailed political markets available in our table of recommended brands.
What Political Events Are There to Place Bets On?
We have already touched on the available markets in broad strokes, but let’s make sure we have covered the lot of opportunities. Each part of the electoral process is important and it can excite quite a bit of interest. Here are several examples you may want to bet on:
- US Presidential Election
- Senators running for Congress
- French Presidential Race
- British Parliament Election
- Referendums such as Brexit
- Mayoral Betting
- National Governments
Recent history has fed us a lot of examples. Clearly, the most controversial political bet is whether Donald Trump will be reelected in office. If you are reading this post-factum, then don’t worry.
History will vindicate our analysis. The U.S. Presidential race will always hog the limelight, but other major events, such as Brexit also had their fair share of betting activity. For example, back in 2016, Brexit wagers occasioned an insane betting bonanza with individual punters placing as much as $144,000 that the majority of Brits would choose to remain in the political bloc.
Boy, was she disappointed? Some $29 million were wagered on Brexit at William Hill alone back in the day, and these numbers are much greater for the overall industry.
Senators races are also exciting, although they tend to be more local in nature, so only insiders may benefit. Controversial topics, though, can quickly be brought up. For example, Sadiq Khan has proven one of the most skilled and caring politicians and mayoral candidates in London.
Yet, even in the hot seat, Khan is often criticized with the majority of criticism stemming out of reasons that do not come from the political scope. Shifts in power in China or who the next leader to leave office in Europe are other popular political betting markets.
What Types of Bets Can You Make on Political Races?
Thankfully, for the lots of proposition bets you can place, such as “Will @TheRealDonaldTrump Be Kicked Off Twitter by 2022,” is one of the many quirky wagers you can make. Another popular market is “Will Joe “Tiger King” Exotic Receive A Presidential Pardon By January 20, 2021?”
Most of these bets are quite bizarre in their nature, but they are actually exciting interest. Outside those, though, you will notice that the bets are pretty straightforward, such as Handicap and Straight Up bets.
Politics and Sports Go Hand-in-Hand
Politics is not just limited to The Capitol or the White House. In fact, politics quite often show up in sports. A racist slur directed at NBA players or Donald Trump booed at the Major League Baseball Worlds are available political markets.
When Colin Kaepernick protested against the sprawling gun violence against African-Americans in the United States, his stand also became a subject of political betting in the sense that bookies were trying to predict whether he would kneel again, whether more players would follow his example, and so on.
Similarly, Donald Trump being booed at a sports event is another popular prop bet you can place your money on, although the booing has to be pretty convincing for the sportsbook to validate the bet.
Populism in Political Betting
Recent years have shown that populism is surging and this makes for a very smart political bet when focusing on leaders. Vladimir Putin in Russia, Viktor Orban in Hungary, Jair Bolsonaro in Brazil, Boris Johnson in the United Kingdom are all examples of politicians who have played with and preyed on public fear and they have been largely successful.
While people take a few years to realize that a populist isn’t worth much, these candidates make for a great bet. Of course, you need to first make sure they have sufficient backing and tailor your wagers accordingly.
Other Interesting Political Bets to Consider
Now, depending on the political season and the sportsbook, you will have a vast choice of options. Donald Trump is an ever-lasting protagonist of modern politics and he has spawned dozens if not over a hundred possible outcomes:
- Will Donald Trump be impeached?
- Is the Queen of England going to ban him from visits?
- Will Trump be re-elected?
- Is Trump going to withdraw the U.S. from the UN?
- Will FBI find evidence of Trump-Russian electoral fraud
These are just few of the suggested options. As you read this, these events will already have come to pass or have become irrelevant. For example, the FBI did find evidence of President Trump obtaining information from Russian informers but didn’t go so far as to suggest his impeachment.
As Speaker Nancy Pelosi was preparing to press the House to step up its efforts to impeach the president, the novel coronavirus arrived from China.
European and World Politics
It’s hard to imagine that there is political betting going on outside what President Donald Trump might do or say next. Yet, the realities are simple as that – across Europe, the rise of populism has given rise to some interesting bets.
Established political figures excite a fair deal of betting frenzy and this is justifiable. Angela Merkel and Emmanuel Macron are two popular figures. Boris Johnson and Victor Orban are somewhat darker figures, but they also get a few bets.
In fact, the more prominent a world leader is, the more attention from sportsbook he draws. So, understandably, Justin Trudeau’s constant soft PR has won him some following.
What Should You Know About Politics Before You Star Betting?
Roughly the same advice applies to political betting as do to sports. Politics is a challenging enough activity. Allegiances shift, people tend to break their words and any development could be used by one party or another to score political points.
Media coverage also tends to be biased. Fox News tends to be rather more conservative, even at the expense of common sense, whereas CNN is constantly bashing Donald Trump and GOP senators who seem to fail to articulate why they would endorse Trump – other than the fact he has the best chances of succeeding.
Media coverage in other countries is also biased to an extent. Some media tend to be more liberal – something that conservative parties use to deride them.
Of course, there are some bets you wouldn’t want to take – such as Vladimir Putin losing an election in Russia.
Tips on Making Your Bets Succeed
To succeed as a political bettor, you need to make sure you understand the nature of the game. In other words, political betting is a long-term activity and it requires a lot of understanding of current affairs.
The same way you would follow sports because you like it, you should feel the same way about politics in general. Here are some tips of advice that arguably work:
- Scandals – When Hillary Clinton’s emails became a subject to FBI investigation, things got heated. According to some, the timing of the accusation cost her the elections.
- Understand the electoral system – Gerrymandering is not sexy as it can throw quite a few upsets, for example. Therefore, understanding the specific electoral system is of utmost importance. For instance, do you expect Trump to win by electoral college or popular vote?
- Timing – Clearly, the qualities and track record of a candidate matter a great deal, but at a time when populism is rising more vociferous candidates seem to be taking prevalence. It’s likely for populism to wear off, but this will take a while.
- Status of the party electing the candidate – Some parties are just chronically snubbed. Whether that is the United Front in France or Labor in the United Kingdom, there are times when certain parties are doomed to fail – time and again.
There are other moving parts to take into consideration as well. As one popular show has it – politics is a house of cards and even the slightest tremor can send the whole edifice down crashing.
Yet, from the perspective of a political bettor, there are many opportunities that only the most talented bettors would see.
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