Election Betting Sites

The 2020 Presidential Election currently has action on various political betting sites and will add more situational props and altered odds as the election gets closer. There have already been several odds changes due to debate performances, public reception, and late entries into the race. MyBookie is one of the best political betting sites. MyBookie truly has everything under the sun when it comes to political betting. Betting limits at MyBookie are also quite large. They take $2,000 on the general election winner online and $5,000 over the phone. Props, such as which candidate wins each state in the Electoral College have a max. Bovada sets the standard for online sportsbooks and is easily one of the best legal betting sites on the market. Bovada allows bettors in the US to place wagers on who will win the Presidential Election.

While most people generally connect betting with the world of sports, the industry has gone through changes in recent years to where that notion is now changing. With the rise of social media involvement in the world of news and entertainment, certain things are being wagered that years ago never would have had a place at the betting window, such as betting on politics.

With both the political climate and gaming industry as hot as they have ever been, the two are now reflecting each other as a way for citizens to get involved in presidential races while using political betting sites to make a little money based off of their predictions.

Like betting on sports, political betting has several techniques and factors that vary depending on the situation and the value that is being shopped.

Best Political Betting Sites

As one gradually becomes more familiar with the processes and underlying factors of sports wagering they will realize that being able to trust the betting website they are on is one of the most important stages.

This is where another connection to the sports world comes into play, an online sportsbook (particularly the sites we recommend) often always have political odds posted, illustrating that the bookmaking process for both sports and politics is handled by the top industry professionals.

Betting on elections outcomes has grown so much in popularity that there are even instances where political betting steals some of the spotlight from the sports world, as the appeal is generally much more widespread when compared to sports.

The two very much benefit off of each other, as online sportsbooks give political betting a forum to exist in, where as the novelty of betting on elections and politicians draws in bettors who are not sports fans and would otherwise not be on that website.

Different Types of Political Betting

Odds to Win/ Future Bet: As if you were betting for this year’s Super Bowl or Heisman Trophy winner, this type of political bet involves wagering money on a listed moneyline price off the simple premise of who will win.

• Example: Andrew Yang is +1450 to win the 2020 Presidential Election
• Example: Elizabeth Warren has +200 odds to become the Deomcratic Nominee in the 2020 Presidential Election

Political Prop Betting: Like a sports prop, these are situation-based bets that are booked based off of potential results of an outcome. A price is given for both possible results of the prop listed, with the favorite being the more likely of the two results.

Example: Will Jair Bolsonaro complete his first presidential term?

• Yes (-300)
• No (+200)

Head to Head Bet: Comparable to the most well-known type of sports wager, this political bet features two opposing sides with odds attached to each. With this, one side is booked at favorite money with the other coming back with dog money. The bettor then chooses the side they believe will win, and if successful their resulting payout will be based off of the odds that were listed at political betting sites.

Example: US Presidential Election 2020 Winning Party:

• Democratic Party (-115)
• Republican Party (-115)

Political Props

Political prop betting has seen a huge spike in interest in recent years, predominantly do to the fact that it gives people a multi-layered scenario. Much like a football game, being able to bet on a hypothetical outcome of a real life situation leads to more opportunities to both walk away with money and find leisure in your political betting. Because of this, betting props is often considered a strategy all its own.

Here are a few examples of political prop bets:

Will Donald Trump be impeached and removed?

• Before 2020 Elections- Yes (+175)
• Before 2020 Elections- No (-250)

Will Donald Trump be elected to a 2nd term as POTUS?

• Yes (-230)
• No (+160)

Who will be the Republican nominee for the 2020 Presidential Election?

• Donald Trump (-800)
• Not Donal Trump (+500)

Election Betting Sights

What Political Events Can You Bet On?

Once the “why” and “how” are clarified when considering political betting sites, the “what” becomes the focus as one must shop for not only a price that interests them, but a play.

Those who feel they have a tip on the local/regional scene may be more likely to bet for smaller elections, while the 2020 Presidential Election is going to be played more casually and frequently, especially as the race gradually tightens. Here are a few examples:

US Presidential Election

The most popular election to bet, odds are frequently posted and changed as stock for candidates rises and falls throughout the race. Handle naturally increases closer to election season when candidates become more solidified and political betting season is in full swing.

The 2020 Presidential Election currently has action on various political betting sites and will add more situational props and altered odds as the election gets closer. There have already been several odds changes due to debate performances, public reception, and late entries into the race.

US Congressional Election

Not as popular on the political betting spectrum, there is still occasional handle that pours in for these. Those who are politically informed often have the know-how to handicap these less popular but still highly important, elections. Given how these are dependent on the state itself, Congressional Election bets are far more regional than national, as they lack the appeal of the betting on the Presidential Election.

The 2020 Congressional Election will see increases in action as the public grows more in tune with the House of Representatives nominees, but for now, value will be harder to find and odds will not be as sharp in lieu of the more popular Presidential Election.

Other Examples of Political Betting:

• British Parliament Election
• Referendums (Example: Brexit)
• Australian Parliament Election
• London Mayoral Election

Is Betting on Politics Legal?

Yes, it is allowed, regulated, and now live in many places. For United States residents, the safe political betting sites that we endorse are trustworthy, tested, and legal.

Depending on your location, you may not have the ability to place a bet on websites that are owned and operated by land-based sportsbooks, as the legalization of sports betting is state-based.

However, this has to do with the operation of the sportsbooks themselves, not any potential customers. So even if gambling is not legalized in your jurisdiction, that does not mean you can not make a bet online from the comfort of your home, regardless of location. This convenience is a big reason why mobile betting apps have exploded in popularity in just the past few years.

If the proper precautions were taken (making sure you signed up for a trustworthy site, have confirmed money in your account, etc…), you will have the green light (barring any technicalities) to bet without legal concerns, as the top political betting sites we utilize are not in the United States, making state-by-state control irrelevant.

Political Betting vs Other Types of Betting

There are parallels with betting politics and sports just as there are connections all throughout the gaming world.

As one becomes more informed and experienced however, noticing key differences becomes much easier. In political betting, less focus is placed on past results and more emphasis based on a candidate’s realistic chances.

This is due to the fact that it is hard to create a winning formula for something that is heavily based off of subjective opinion. The election of a president for example is a selective process, while a football or basketball game is not up to a vote by the population, but determined by athletes competing against each other with the intention of winning.

This is why when wagering sports, the concept of betting strategy becomes a thing of great importance and pride, as bettors often believe their strategic methods lead to a winning formula.

This takes a back seat in political betting. Yet, the baseline knowledge and the application of it in terms of making a bet are still very similar in sports and political betting.

This is why if a patron can grasp the simple concepts of odds and what purpose they serve, they will be able to crossover between sports, politics, and other fields pretty smoothly assuming that the knowledge and desire to bet are there.

Frequently Asked Questions

Can You Really Make Money Betting on Politics?

Yes, if you time it right. There are enough bets posted to where a patron can clean house if they have handicapped the odds correctly. However, unlike sports, politics operates on a far more time-sensitive basis as there are only certain points in the calendar year where it holds relevance.

Election Betting Sites

So in order to make money you must pick your spots wisely and understand the concept of value. If these are understood by the bettor, then money can consistently be made as at that point it is just applying basic gambling principles to a different topic.

How Do I Know if a Political Betting Site is Shady?

In the same way you can tell a sports gambling site is shady. At the end of the day, the bookies posting action on politics are the same people booking sporting events, so their business models and practices will very much be identical, especially when you consider that the majority of the best political prices are found on online sports betting sites.

How Can I Place a Bet Right Now on Donald Trump to Be Impeached?

A play like this serves as a type of prop bet that is found on many of the online political betting sites we have tested. In order to place money on it, make sure you have an account on the website of your choosing and have deposited your money.

As long as these boxes are checked, you will then have the freedom to bet on the aforementioned prop and several other president-related specials currently available. This prop is specific to current headlines in the news cycle, so availability of props bets like this is very much dependent on the individual who is being booked in said bet and what they’re currently dealing with. As shown earlier, this exact prop is currently on the board at MyBookie.ag.

Election Results Betting Sites

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The results of the presidential election could sway the fate of millions of Americans. But that’s not what we’re here to think about. Instead, we’re here to learn how to bet on the 2020 presidential election online – and win.

In 2016, President Trump won and created a solid profit for many bettors who backed him. And if you wager correctly this time around, you could get really rich, too! And that’s why this article is here – to show you a betting strategy that can improve your chances of winning.

In this article, I’ll be taking a look at the best 2020 presidential election betting sites, and I’ll be revealing a few strategies, tips, and tools that will help you place better bets.

Best Presidential Election Betting Sites

BetOnline is a U.S. sports betting site that’s good for political betting. It has a great layout, good early lines, and fast payouts.

Sign up today and grab a 100% welcome bonus when you make your first deposit up to $1,000.

BetWay is one of the most impressive and reputable European betting sites that can be accessed in the states. You can bet on all the major sports, as well as some niche ones, and there’s a separate section for political betting, including the US presidential election.

Sign up today and grab a 100% matched deposit bonus on your first deposit up to $200.

Easily the U.S.’s premier sports betting site, Bovada is hard to beat when it comes to political odds and futures. Futures odds often change by the minute, and Bovada offers some of the most competitive odds around.

Sign up today and grab a 50% welcome bonus when you make your first deposit up to $250.

Betting On The Presidential Election: Full Guide

Helpful Stats & Facts For Betting On The Presidential Election

• Only 13 Presidents have completed two terms

• Joe Biden is the oldest candidate to be elected as a first-term president

• There have only ever been two presidents who were also divorcees – Ronald Reagan and President Trump

• Only two presidents have ever won 49 out of 50 states

• You can win the popular vote but lose the election, and this has happened four times so far

• Donald Trump raised $512.2m during his 2016 election. Hilary Clinton raised $1,068.1m and still lost

• Ohio has voted for the winner every single time bar one since 1944

The Most Popular Types of Presidential Election Bets

There are only twos type of bets you can place:

With a moneyline wager, you’re wagering on one of two possible outcomes. For example, you might wager on the winning party, or you might wager on Joe Biden to win the 2020 popular vote. Or, you might bet on electoral college votes, such as either Biden or Trump to win 400+.

Props betting is a little more interesting because you bet on all kinds of things, including who will be X’s running mate, how long a televised debate will last, how many times a candidate might say a specific word during a debate, and so on.

A prop bet might look like this:

Will Donald Trump be impeached before the 2020 elections?

• Yes (+175)

• No (-250)

Us Election Betting Sites

US Presidential Election Betting Strategy

It’s not easy to predict who’ll win the 2020 election. And because you only have two candidates to choose from, it would seem that you haven’t got much room for maneuver.

The best way to play this, therefore, is to play the electoral betting odds.

What do I mean by this?

Essentially, this is a form of arbitrage betting which requires you to back a candidate and then lay them later on.

Here’s what I mean:

When a candidate is an outsider according to the latest presidential election odds, now is a good time to back them. Then, as the campaign gets underway and their odds shorten, you can lay them via a betting exchange.

What does “lay a bet” mean?

This is when you use a betting exchange, such as BetDaq, to wager on something not to happen.

By backing a candidate when they’re an outsider, before laying them when their odds have shortened, you can guarantee yourself a profit no matter what happens.

Tips For Betting On The Presidential Elections

Watch Out For Strange Promises

Anyone who makes extravagant promises that the general public knows they’re not going to keep isn’t going to win. For example, over in the UK, the opposition leader, Jeremy Corbyn, told everyone his party would provide free broadband for everyone in the coming years. The public saw this as a desperate attempt to secure their vote – and it didn’t work.

Watch The Misery Index

The Misery Index measures economic misery and combines the sum of the percentage inflation rate + the percentage unemployment rate. If it rises during a president’s first term, said president tends not to land a second term.

Unfortunately for Trump, COVID-19 has caused mass unemployment in the United States.

Watch the S&P

If the S%P 500 does really well during the end of July and the end of October, the current president tends to secure another term.

On the other hand, if the stock market tumbles during that period, the opposition party usually gets in.

That said, COVID-19 has really skewered the numbers this year, so that’s something else to bear in mind.

Final Word

Political betting can be a lot of fun when you do the right things. Use the tips in this article to improve your chances of winning in this year’s election. Remember never to bet more than you can afford to lose and always bet with your head and never your heart.

Don’t forget to let me know how you get on in the comments below!