Political betting has been one of the fastest-growing categories of the betting industry since 2016, and political betting odds are popping up all over the place. If you bet correctly, the 2024 US presidential election could make you quite wealthy.
We at Strafe are betting experts, and we would love to share our knowledge with you. We’ll show you how to read political odds and what kinds of bets you can place. We’ll cover the best political betting sites and sportsbooks, what we look for in a betting site, and how to read prop odds. Let’s dive right in.
Best Betting Sites for the Latest Political Betting Odds
Betway provides all of the best online bettings from every corner of the world, with thousands of online betting markets at your fingertips. This bookmaker is based in the United Kingdom with licenses all over Europe and offers a wide range of political betting options in the United States and Europe.
22Bet, a new brand to the market, offers the latest political betting odds and lines on the top European, British, and North American sports such as soccer, basketball, baseball, and others. Looking for odds on UFC? You can be sure to find the best at the site.
The 22Bet website is packed with betting opportunities. They don’t just come along every now and then, you’ll find plenty throughout the day.
BetOnline is a one-stop gambling site that offers sports betting, poker, horse racing betting, casino gambling, and live dealer action. As a long-standing industry leader in online bookmaking, it has lots of excellent political betting markets you wouldn’t want to miss out on.
The brand is among the most popular and reliable names in online wagering and frequently provides the best politics odds. Bet in real-time with the latest political betting odds and a variety of betting options.
Everything from the online sportsbooks available in your area to the political betting events you are likely interested in will most times be determined by your location or country of origin.
It is illegal in the United States for licensed providers, both brick-and-mortar and online bookmakers, to take political wagers. This law was enacted to protect the American electoral system from tampering.
However, it is perfectly legal for US citizens to use offshore betting sites; they simply will not benefit from any government regulations, making it especially important for Americans to find trustworthy operators for political betting odds.
Foreign elections are frequently covered by the best political bookmakers that accept Americans, but not as thoroughly as what is happening in the United States.
The politics odds are common and easily accessible in Europe, both in land-based establishments and online betting sites.
For a player in the United States, using a licensed gaming website is required, which provides the player with additional safeguards and less reason to be concerned about the legitimacy of a site operator.
Gladly, European bookmakers do an excellent job of covering US political events in addition to their local lines. Are you looking to bet on tennis? You will find the best tennis odds at these bookmakers.
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US Betting Markets
Regardless of where you live, the United States political betting markets are the most popular on the internet. The top political betting sites provide a plethora of lines and the best politics odds for the US presidential elections, party primaries, congressional races, and a wide variety of wagers.
The 2016 election, in which Trump scored a victory over Hillary Clinton, is largely responsible for the rapid growth of political betting. Before that race, betting on politics odds didn’t offer much value because polls were relatively accurate, and the lines and odds shifted in response to the most recent polling data.
2016 changed everything because it demonstrated that:
Pollsters and the media were no longer trustworthy.
Major upsets were possible, implying that there is positive value for handicappers out there.
Today, you can bet on each state’s primary or caucus on the way to the two parties’ national conventions, 2024 presidential winner, 2024 Republic presidential nominee, if Biden will serve a full term, and many more.
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UK Betting Markets
Politics betting has been a regular feature of UK odds boards for many years. Online sportsbooks in the United Kingdom provide residents with a variety of creative lines.
While you can bet on current events, you can also bet on future events, such as the year Boris Johnson will be replaced, the next Conservative leader, and the next Labour leader.
Of course, you’ll have to wait a while for these bets to settle. Here are the major UK markets for British political betting odds, which you can find at the top betting sites listed above.
Next Conservative Leader
Next Scottish Prime Minister
When will the next Scottish Independence Referendum take place?
Referendum on Monarchy by 2024
French Betting Markets
Many online political betting sites cover French elections and events as well. The French presidential election is held every five years, with the next one scheduled for 2022. The current president is Emmanuel Macron, whose main opponent will be Marine Le Pen of the National Rally party in two years.
Many European bookmakers have already started placing wagers on the election. It’s also worth noting that France has a two-round presidential election system, which provides multiple opportunities to bet on the same race.
Types of Political Bets
As you know, the “political betting” category encompasses a wide range of distinct wager types and events. Future bets for presidential elections are the most common. Political betting odds will be posted for the incumbent as well as a variety of potential nominees for the opposing party, and lines will be set for all of them.
You choose who you believe will be the next president, and the bet is settled on election night. However, this is only a small portion of what the best political betting sites have to offer – check out the various types of wagers below.
A moneyline bet deals with two possible outcomes, such as “Which party will win the 2024 presidential election?” Republicans or Democrats?” Despite having two options, the likelihood of either occurring isn’t always a 50/50 split.
As a result, moneyline odds establish specific payouts for both sides. The “favorite” or most likely outcome is expressed as a negative number, such as –200. That means you have to bet $200 on that side to win $100. The underdog has positive moneyline odds, such as +150. You will earn $150 for every $100 you stake.
The majority of political wagers are classified as “futures.” These are simply wagers that will be settled on a future date. They will frequently include a field of participants from which the bettor can select. The 2024 presidential election is considered a futures bet, and you can choose from the list of participants available.
The term “proposition” refers to a wide range of bets. A prop is any bet that deals with political outcomes other than the usual electoral contests.
Some online sportsbooks, for example, allow you to bet on current events such as “Will Joe Biden complete his first term as President of the United States?”. All of the political betting odds and lines relating to Biden’s tweets and foreign policy decisions fall under the category of “prop bet.”
Totals are one of the most popular types of wagering in political betting. Their bets are when the oddsmakers set a line based on how many times a specific event will occur. Totals are expressed as integral or fractional numbers. Most bookmakers indicate it as follows:
When it comes to betting on anything, whether it’s sports, entertainment, elections, or basketball betting odds, the strategy you use is important. However, your strategy must be far more nuanced to bet on US presidential election odds, as there are infinitely more variables at play.
When betting on politics, you must keep an open mind to avoid being swayed by either side’s propaganda. Here are our top six political betting tips:
1. Research independently
News sources are not always reliable. Carry out your research to back up the data you find by reading forums and staying up to date on public opinion by being active on social media platforms with current news.
Social media is a mire, but it is heaven for politicians. Barack Obama won the 2008 and 2012 presidential elections largely due to his use of Facebook to spread the message of his platform.
Trump outdid himself in 2016 by turning Twitter into a free platform for his own messaging, employing the service to stunning effect. Make sure to examine the volume of responses to politicians’ comments and posts to get a sense of the level of support for any candidate or hot-button issue.
Speaking with acquaintances and reading comment threads can give you a good idea of what people are thinking. That way, you will be able to choose the best politics odds to bet with.
2. Don’t bet on your favorite candidate just for the sake of it
This may seem obvious to some, but some bettors fail to recognize that political betting requires the same in-depth analysis and research as any other betting market. When betting on a presidential election, it is more important than ever to bet with your head rather than your political ideals.
Politics betting is not about betting on your favorite politicians but finding a bet where the political betting odds are greater than the probability. Before you make a political bet, look at statistics, polls, and credible news sources. Furthermore, only bet on elections that you are well-versed in.
3. Bet early
While you could wait until the day before the election to place your bet, this bet will have less value in the long run than a bet placed a year earlier. This is why it is advisable to place your bet as soon as possible, just like the soccer odds for today will most likely be different for tomorrow.
The closer an election gets, the tighter the margins become, and the number of possible candidates is reduced to two or three. The more candidates there are in the race, the better your chances of winning. This is true for US elections, primaries, and most UK political events.
4. Beware of polls
Polls are supposed to be reliable indicators of public sentiment. In reality, they are frequently used as political tools to influence the voting behavior of the general public. As we explained while discussing the 2016 US election, polls were frequently skewed in favor of a specific candidate.
Polling bureaus and news organizations do this in a variety of ways, such as selecting only favorable participants or misrepresenting the results in a way that favors their candidate.
5. Never underestimate the underdogs
Punters frequently prefer major candidates because they believe it is a less risky bet than betting on a candidate with a lesser reputation.
However, betting on a minor candidate accomplishing a little feat and gaining seats in parliament may prove wiser than betting on the major candidate to win. Trust your instincts, the majority is not always right!
6. Do not believe everything you read
Most news outlets are deceptive because they strongly favor one candidate over another. Because one-sided information is sometimes outright false and inaccurately represents public opinion, you should take every estimate you find online with a grain of salt.
When looking for information for your political betting strategy, avoid biased news sites and political pages. If you are not cautious, the media’s propaganda can cost you a lot of money! At the very least, consider news sources from both sides of the political aisle.
Factors to consider when choosing the best political betting sites
At Strafe.com, we care so much about bettors, which is why our team of experts is constantly reviewing new political betting sites to ensure our lists only consist of the best names in the industry.
We cannot guarantee that every recommendation will match your specific preferences. Still, we can assure you that any online sportsbook listed on our page is secure, offers a variety of political betting markets, and accepts a variety of banking methods, which are the most important.
That way, if you decide that a different online sportsbook is a better fit for you, it won’t be because you were duped or treated unfairly. Our reviewers ensure that our readers are protected from fraudulent operators, so you can concentrate on the specific website details or, even better, win your election bets.
Keep reading to learn more about how we review and rank these websites.
Variety of wagering options
Unlike sports betting, political events don’t come around as often. Most major elections take place every four or five years around the world.
That is why the best political betting sites get creative by providing the best politics odds, covering various situations and outcomes beyond the most prominent electoral contests.
Politics betting, like sports betting, should be an all-year activity. The only way to do this is to find online oddsmakers who are known to post a wide range of political betting odds.
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Payment options available
The importance of variety extends beyond political gambling markets to a website’s banking options. These days, there are numerous ways to transfer funds into and out of your online gaming account. Finding the best method for you is determined by your location, regional regulations, and personal preferences.
For example, in the United States, federal law requires banks to block transactions between their account holders’ checking accounts and known gaming operations. While betting at an offshore site is not illegal, banking institutions cannot assist you in financing your activities.
On the other hand, credit card companies usually have no problem with you using their services to fund your betting account. The same can be said for a variety of e-Wallets, online payment processors, and cryptocurrencies. Of course, each banking method has its own set of advantages and disadvantages.
A credit card is great for quick deposits and adds an extra layer of consumer protection, but you cannot use it to make withdrawals. Some bettors withdraw their winnings immediately, while others keep them to continue betting.
Depending on your deposit method, you may be able to withdraw your money using the same method. Cryptocurrencies are anonymous and ideal for instant transactions. In general, receiving your winnings can take anywhere from a few minutes to a few days.
Safety and security
For most people, the most frightening aspect of online political betting is transferring their hard-earned money to a website hosted offshore or in a foreign jurisdiction. Because the internet is filled with scammers and their fraudulent gambling websites, the concern is well understandable.
That is why we base our review process on vetting web-based sportsbooks for safety and security; there is nothing more important. Any political betting website that makes it onto our list of recommended sites has been thoroughly researched and tested to ensure it is legitimate and trustworthy.
Our reviewers also pay close attention to site security, so we can be confident that all your data and financial information is secure with the latest SSL encryption.
Excellent customer service
The way a political betting site treats its customers is important. If something goes wrong with your account, you want it resolved as soon as possible. Even the most popular websites encounter unforeseen problems from time to time.
What matters most is that any issues or questions you have are addressed in a timely and respectful manner.
When conducting our review, we examine the various methods for contacting each political betting site’s customer support team and confirm that they are active and supervised by responsive help desk agents.
Most online bookmakers offer three ways to contact them: email, phone, and a live chat window. Our reviewers put each option to the test and keep track of how quickly they get a response.
We encourage you to do the same before making a deposit. That way, you can rest assured that while you’re betting on politics, a responsive and helpful customer service team is standing by in case you need them.
Positive History and Reputation
Another aspect of our website reviews is researching the history and reputation of each political betting site in the online gaming industry. Just because a sportsbook is currently operating with integrity does not mean you can trust them in the long run.
We prefer providers with a track record of success in the gaming industry. Our team investigates the business dealings and previous domains of the owners behind our recommendations to ensure there is no history of unethical behavior.
We also read reviews and speak with top handicappers to ensure that any political betting website we recommend to our readers has a good reputation among the experts.
With all these factors considered in choosing the best sites for politics, you can be sure you are getting nothing but the best in terms of politics odds and overall service. Most of the sites listed are also great for eSports betting odds comparison.
Sign up with any of the bookmakers today, and you will be glad you did.
Differences between sports betting and politics betting
When looking at political betting markets for the latest political betting odds, there are a few things to consider that set it apart from sports, games, and casino markets:
The first is that most candidates up for a position are available at very low costs, either because public consensus ensures a specific outcome or because there aren’t many viable candidates for the position.
There’s also the fact that betting in the run-up to an election can be a risky business because contender credibility can shift quickly, leaving what was once a promising bet without a chance.
However, there are so many bets available to you that one or two markets usually do not offer political betting odds at very low prices.
Unfortunately, because of the public interest in politics, most people know who will win an election or a primary before it is even called, and bookmakers price their markets accordingly.
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Why Politics Betting is so exciting – Conclusion
Value. The most important aspect of any betting strategy is the value. In a world where betting money can move odds just as much as bookie analysis, political betting is one of the few fields where punters can find consistent value.
With the world-changing, polls and media personalities no longer have enough leverage to influence race outcomes, implying that there is now more value in betting politics than ever before.
Because land-based providers are prohibited from covering anything other than sports, many of us have no choice but to turn to online sportsbooks for our political betting odds.
As you can see from the information on this page, there are lots of fantastic political betting sites available out there, just waiting for you to place your wager.
Politics Odds FAQ
🎯How do I bet on the presidential election?
You can bet on the 2024 election at the best political betting sites, which all have odds and lines on every aspect of the race, from election winners and political props to state odds, debate props, and more.
✅Is politics betting legal in the US?
Yes, it is, depending on where you place your wagers. The process of betting on presidential election results is quite simple. The only real stumbling block is that no US-based betting outlet offers any kind of political odds, whether land-based or online.
As a result, legal online sportsbooks operating outside the United States are required for those seeking political betting odds or lines for any other political race.
💰Are political odds a reliable way to predict election winners?
The answer is both yes and no. It all depends on the situation. As gamblers, we believe that odds are as effective as polls in predicting election outcomes, but there are simply too many variables to quantify exactly how valuable they are.
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For the gamers:
First and foremost we’re gamers — and this spills through into everything we do in the Strafe esports betting section. Since our reviews are tailored for those interested in punting on esports, you can expect us to look at key elements such as finding the best Dota 2 odds, or the latest League of Legends betting promo codes, and even a few helpful guides along the way.
Focusing on the key games:
There are a million esports titles out there nowadays, each vying for your attention. And while it’s possible to get odds on most games out there, we believe the best opportunities to bet are on the major tournaments. That’s why in our esports betting section you’ll find dedicated pods for CSGO, League of Legends, Overwatch, Dota and Fortnite. After all, they’re our favourites too.
Nothing but honest:
Honesty is the best policy when it comes to helping punters — and that’s why our reviews are completely objective. We’ve handpicked a number of the leading esports betting experts to bring you reviews on all the latest esports betting sites on the market. Each focus on three key things: odds, markets and esports bookmaker welcome bonuses. Enjoy!