Politics betting has been one of the most popular categories of the online betting industry, and politics betting odds are popping up nearly everywhere.
Wagering on British politics is a well-established staple of Europe’s legalized betting culture. But for those who live in the United States, offshore betting is the only legal option. It is illegal for brick and mortar sportsbooks to offer any sort of betting on politics.
Politics Odds Explained
There are various categories of politics money lines where bettors can wager. The most popular ones among these are US politics, British politics, European politics, and Brexit.
Bookmakers display politics odds in either the American odds format (using whole numbers) or fractional odds format (in ratio or fraction).
In the American odds format, favorites are indicated with a minus sign (-) and underdogs with a plus sign (+), showing how either side of the wager will pay.
Essentially, a money line bet tells you how much a bettor wins on a $100 wager. The bet either wins or loses depending on whether the side that you picked wins.
Example: 2020 US Presidential Election Odds: Winning Party
Democratic Party +170
Republican Republican Party -230
In this example, the odds of -230 mean that you would have to bet $230 to earn $100 if you bet on the Republicans and their party won. Your total payout will be $330, which is $230 stake + $100 winnings.
Meanwhile, the odds of +170 mean that you would earn $170 if you bet $100 on the Dems, and their party won. Your total payout will be $270, which is $100 stake + $170 winnings.
Underdog wagers, like in this case, on the Democrats, are considered risky. This is the reason why you get a more significant profit. Favorites come with less risk, hence the smaller earning.
Another example: Who will win the 2020 presidential election?
Donald Trump -115
Joe Biden +130
Bernie Sanders +500
The odds of -115 mean that if you wagered $115 on Trump and he won the 2020 election, you would have earned $100 and recouped your original $115 bet. Your total payout will be $215.
With Joe Biden at +130, if you wager $100 on him and he won the election, you would have earned $130 and gotten back your original $100 stake.
Bernie Sanders at +500 is another way of writing 5-to-1 or 5/1, so a $100 winning bet would give you a $500 profit.
Political Prop Betting
When betting on sports, you have money lines, spreads, and other betting options based on players’ or teams’ scores and positions.
However, in politics, you only have one type of bet to make: props (proposition). Political prop bets are novelty bets that use a different kind of research. Instead of betting home runs or three-pointers, you’re betting on policies.
Betting on who is going to sit in the Oval Office is not the only thing you can do in politics betting. You can also bet on anything in the sphere of politics, including exotic props and futures odds that cover events happening months ahead of pivotal political matters.
These prop bets may not correlate with the outcome of a political event. However, they could still strongly influence people’s opinions.
Examples of prop bets are:
Will Donald Trump complete his first term?
How long will the debate be between X and Y?
How many times will candidate Z say “uh” during the debate?
Which party will dominate the House of Representatives?
Who will Biden select as his vice-presidential candidate?
Another example: On the odds board, a prop bet for “Who will be the Democratic Vice-Presidential nominee?” may look like this:
Kamala Harris +160
Amy Klobuchar +430
Elizabeth Warren +720
Michelle Obama +780
Stacey Abrams +1000
Gretchen Whitmer +1100
Hillary Clinton +4500
Andrew Cuomo +10300
Tulsi Gabbard +10500
When you’re analyzing the odds, it’s easy to see who the favorite and the underdog are. The favorite is the candidate with the smallest number on the board, which can be a negative number. The underdog is the candidate with the biggest number.
In this example, the candidate who is heavily favored to be the Dems’ nominee for vice president is Harris. The candidate who is the least likely to be picked as VP nominee is Gabbard.
The odds mean that you would win less money betting on Harris. The opposite is true for the underdog. Because Gabbard is seen here to have the least chance of being a VP nominee, you get a bigger payout if you bet on him, and he gets picked by the Dems.
To compare the payouts: With Harris at +160, if you wager $100 on her and she gets picked as VP nominee, you collect $160. Your total payout will be $260 ($160 winnings + $100 stake).
With Gabbard at +10500, if you wager $100 on him and he gets picked as VP nominee, you collect $10,650 ($10,500 winnings + $100 stake).
Odds reflect how likely a particular outcome will happen in the view of the bookmaker. However, note that predicting how likely any result is in politics isn’t an exact science.
Primarily, predicting comes down to a matter of individual opinion. But if you’re able to correctly predict the outcome of a political event often enough, you can consistently turn a profit.
Predicting is not easy. But you can handicap prop bets on politics odds by looking into a candidate’s leadership (governance), scandals, injuries (health condition), and promises (including lies).
Still, US politics is an always-changing landscape. If there’s one thing that United States voters learned from the 2016 election, it’s that presidential polling should not be taken seriously.
Everyone knows that US presidents are not chosen by national popular vote but in the individual Electoral College contests in the country’s 50 states and Washington DC.
Nonetheless, the immense amount of polling data shared by the media almost guaranteed Hillary Clinton would be the next White House resident, and she wasn’t.
To the surprise of many people, President Trump flipped the script with the most significant political upset in American history.
If you’re one of those who saw value on odds boards in the days before the 2016 election, you could have made a considerable profit. Trump’s odds of winning the 2016 presidential election were near 6-to-1 days before the election.
This political scenario just shows that wagering on political outcomes is not only exciting but also financially wise if you know what you’re doing.
Another example: In 2019, President Donald Trump was the favorite to win the 2020 elections, while Senator Kamala Harris was the second-best odds. But since then, the 2020 election odds went through so many changes, enduring shakeup after shakeup.
Senator Elizabeth Warren, Mayor Pete Buttigieg, and Senator Bernie Sanders were once the favorites for the Democratic nomination for a presidential candidate. Then, in a sudden twist of political events, they’ve all endorsed Democratic presidential favorite Joe Biden instead. Anything can happen.
The Legality of Online Betting in the USA
In the United States, three federal laws apply to online gambling and gambling, in general: the Professional and Amateur Sports Protection Act (PASPA), the Unlawful Internet Gambling Enforcement Act (UIGEA), and the Interstate Wire Act.
We, at SportsBetting.com, are proud to say that we’re licensed and regulated in Colorado. You can rest assured that responsible, secure, and safe wagering is our priority.
Today, many states allow a wide range of sports betting activities. These states include Nevada, Delaware, New Jersey, Mississippi, West Virginia, New Mexico, Pennsylvania, Rhode Island, Arkansas, New York, Iowa, Oregon, Indiana, New Hampshire, Illinois, Michigan, Montana, and Colorado.
Bet With SportsBetting.com
Excited to place wagers on an event but haven’t registered with us yet? Just follow these simple steps to start betting right away and avail of bonuses and promos.
- Register with us and create your account.
- Log in to your new account and make a deposit to fund it. Now, you have money to bet.
- Use the menu to find your chosen betting category.
- Choose the type of bet and place your bets following the simple steps outlined by our user-friendly interface.
- On the bet slip, enter your stake amount, and click “submit.” You have just made your bet.
At SportsBetting.com, we value your experience as a bettor. Our team works 24/7 to provide you futures on various events, with boosted odds every week of the year.
We give you direct and complete control over your funds, with a broad selection of deposit methods and payouts. We offer some of the best odds and highest limits to give you every chance of success.