Political Betting Guide – Learn How to Bet on Politics
How Does Political Betting Work?
Political betting is not as complicated as it sounds. There are many bookmakers in the UK that offer betting odds on political affairs of not just the UK but other influential countries as well. Typically, bettors stick to wagering on their own governments, however, nowadays, there is an increased interest in the political affairs of the United States.
Generally, the most profitable market for betting usually revolves around major elections like the general elections or the presidential elections. However, there are many other options available as well for people who don’t want to bet on such high stakes.
So, all you need to do is log in to a political betting site, place a deposit, and start betting.
How Do I Read the Odds?
The three main types of betting odds are British fractional odds, European decimal odds, and American moneyline odds. These odds represent the same values and payouts though they are presented in different ways.
Fractional Odds: Fractional odds are mostly used in Britain and Ireland. They are either represented with a slash sign or a hyphen sign between the number (eg. 5/2 or 5-2) and are spoken as five to two.
An odd of five to two means you would win $5 or £5 (depending on which country you live in) against every $2 or £2 you wager.
Decimal Odds: Decimal odds are stated with a decimal and are popular in continental Europe, Canada, Australia, and New Zealand. Taking the same example above, a fractional odd of 5/2 will be displayed as 2.25 in decimals odds.
This is a simpler way to understand your political betting odds as it means that a person’s payout will be 2.25 times the amount they wager.
American Odds: American odds are written with either a plus or minus sign. A negative number indicates how much you must lay down to make a $100 profit and a positive number indicates how much you will profit if you wager $100.
To calculate American odds, follow these formulas:
Negative odds= (100/odds) x stakes
Positive odds= (Odds x stakes)/ 100
What Political Betting Markets are Available?
Skip to the “Types of Political Betting Markets” section to check out the most common markets available to punters. These markets may also be known as:
Prediction markers: People can bet on simple yes or no questions. For example, “Will Donald Trump be removed from office before the 2020 presidential elections?”
Politics special: These are novelty or special bets based around the actions of politicians or political parties.
Election outrights: These allow punters to bet on which candidate or party will be the overall winner of the election.
Overall majority: When it comes to the US and UK, if a candidate wins an election, it doesn’t mean their party got a majority vote. In fact, it is common for someone to win while their opposing party gets the majority of individual votes. This was the case during the 2016 US presidential elections when Trump beat Clinton.