Bet On Political Events
Is It Legal To Bet On Political Events? Yes, betting on politics is legal in the United States, and this applies to all political events. There is no state or federal gambling laws that prohibit you from using political betting sites in other jurisdictions for wagering money on prop bets, trading on prediction markets, or betting on the 2020 presidential election odds. Best Political Betting Sites for the 2020 US Presidential Election. We have listed the best US political betting sites online with top bonuses for you to claim on this page. All the offshore sportsbooks listed provide latest odds and prop bets for the upcoming USA Presidential election.
Betting on politics isn’t new but it’s never been as popular as it is today. Partly because of the volatile nature of world politics right now and partly because of the breadth of political betting options open to the casual punter, we live in a golden age of political gambling, but just where do you start? Well lucky for you Vote Stoat have everything you need to get political betting right so take a look through our handy in-depth guide and find out how to bet on politics here.
First things first, what can you actually bet on? You might think that outside of election season it’s a pretty limited market, but you’d be wrong. These days bookmakers will offer you odds on all kinds of political events and outcomes, from major events such as a UK general election or US presidential election, through to individual parliamentary votes in the commons (UK) or congress (US), alongside by-elections, political party leadership contests and referendum outcomes. You can even bet on things like voter turnout or when a politician will leave their post, so the possibilities are almost limitless.
Betting On Political Events
Given the wide range of political betting markets that are available to the modern punter you’d be forgiven for finding the bewildering array of opportunities too daunting to persevere with, but once you’ve got a handle on the basics you’ll soon find that possibilities mean prizes!
Once you’ve determined what you’d like to bet on you’re going to need to find a bookmaker to take the bet. Gone are the days of having to request odds on a given outcome from your chosen bookie because these days there are numerous reputable online bookmakers with up-to-date odds on betting markets within the realm of politics. In fact so competitive is the industry right now that it’s very unlikely you’ll find betting providers that don’t offer odds on political events, which means you can pick and choose which bookmaker you’d like to bet with. Who you choose may eventually come down to a variety of different factors but most people will be swayed first and foremost by getting the best odds.
At Vote Stoat we compare odds from all the major players in the world of political betting so you can ensure you’re getting the best price on the outcome you want to back. What’s more we’ll keep you updated on promotions and offers from the top betting sites, so you get the most bang for your buck, whether through free bets and credits or via special offers such as odds boosts and money back deals. We’re not tied to any one gambling operator, so we can always deliver you the very best offers available online right now, saving you from having to check on every site’s odds and offers to find the best opportunities.
Different bookmakers have different strengths, though the first consideration for the political bettor should be to choose whether you want traditional fixed odds on an outcome or you’d like to bet on a spread. Certain political betting markets lend themselves particularly well to spread betting, such as the number of seats won in a general election by a particular party or the number of votes a bill might get in parliament. Spread betting differs from more traditional fixed odds betting where you back an outcome and win or lose a fixed amount depending on whether you called it right or wrong, and if you’d like to better understand this take a look at our guide: How to Spread Bet on Politics.
For a more typical bet such as picking who you think will be the next US president, you can check the latest next US president odds here at Vote Stoat and compare which bookmaker will give you the best odds on your chosen candidate. Better odds mean bigger winnings if you’re right so it pays to compare political odds and if you don’t already have an account with the bookies with the best prices you can simply sign up and take advantage of any exclusive promotional offers we’ve identified for you right here on the site!
So, you’ve decided what you want to bet on and you’ve checked out Vote Stoat’s odds comparison page for that market to see where you’ll get the best price. Let’s say bookmaker X will give you odds of 6/1 (or 7.0 in decimal odds) on the X Party to win the next UK general election, so you sign up for your account with that bookie and take advantage of the new customer sign up offer we’ve found for you. Once you’ve signed up (and it should only take a few minutes) you simply deposit and choose how much you want to stake on your bet. If you want to calculate your possible returns before placing your bet, you can use our handy betting calculator.
Make sure you double check the market you’ve chosen is the market you want to bet on, particularly as with political betting there can be similarly named markets that are actually different from one another. For instance, a market on Next US President is not the same as US Presidential Election Winner 2020, so ask yourself if what you’re backing is what you intended to back!
Once you’re happy with your market, you’ve signed up with your preferred bookmaker and you’ve deposited your funds, enter your stake and confirm to place your bet. That’s it, you’re a political bettor! Follow the latest political developments here on Vote Stoat up until the day the outcome will be decided then collect your winnings if you’ve called it right.
Some bookmakers offer a cash out facility whereby you can settle your bet early, before the outcome is known, for a value less than the potential winnings would be. It is common in sports betting where a punter might back a team to win and then cash out their bet once their team has taken the lead to guarantee a return, without risking the end result going against them.
Betfair Election Odds
With political betting, cash out (where available) works in a similar way, so if you’ve backed an electoral outcome and on the day of that election results start coming in that suggest your bet will pay out, you might find the bookmaker offers you a sum greater than your stake but lower than your potential winnings. If you’re getting nervous that your bet may not pay out in the end you could take the cash out offer and avoid nervously awaiting the final outcome to see if you’ve been successful or not.
Gambling On Politics
Get on over to our latest political betting odds comparison page and find the markets you’re interested in. Or why not check out all our bookmaker reviews to help decide which bookmaker will give you the best political betting experience?