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Political betting

political betting

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Political Betting Video

"Predict it," fantasy political betting scandal

They pay out winnings just as fast if not faster than the US regulated options above and many of them offer some great ongoing promotions and bonuses for loyal players.

Most of these sites don't offer wagering on Greyhounds for whatever reason, but they offer a full service sportsbook and horse racebook which gives players a lot more options for betting more than just the dogs.

Yes, there are legal options for betting on politics in the US. Political wagering is a segment of sports betting, therefore the laws governing sportsbook gambling also govern political wagering.

In the Spring of , the Profesional and Amateur Sports Protection Act was repealed , thereby removing the ban on sports betting expansion in the US.

This also caused a modification of the application of the Federal Wire Act, which now only prohibits interstate betting, or accepting bets across state lines.

There have not ever been any US federal gambling laws that made it a crime to place sports bets online at licensed offshore sportsbooks, but this dramatic change in the laws of the land has reshaped the legal landscape for political wagering in such a way that there are now no federal laws that prohibit either domestic of offshore political wagering.

A handful of states have already embraced state-regulated sports betting, while others are in the process of doing so. No, political wagering might not be the first lines they get up and going, but it is probably only a matter of time before they follow the lead of the offshore sportsbooks offering political betting odds.

Until then, it is perfectly legal to place bets on US or foreign politics through the licensed and regulated sites listed in this guide. Our ballot measures by state guide is a resource where you can track gambling bills to see what changes are being voted on for gambling reform in your area.

There are two states that prohibit online wagering of any kind regardless of the source, those being Washington state and Connecticut.

While there is no evidence of enforcement of those restrictions, the fact remains that the laws are in place. We do not condone or encourage illegal gambling in any circumstance.

I just wanted to say congratulations to all the Trump backers. Many pundits have been laughing about his chances of winning ever since he announced he was running as a candidate.

But he has been beating the odds since day one, so I can't say I'm surprised. So congratulations to all that bet on Trump to win. The next US Presidential election will take place on November Any election that involves Donald Trump will probably see a lot of drama and controversy due to the nature of his performance and public approval and disapproval.

This far ahead of the game it is, of course, impossible to predict what will happen, which is why the payouts are so nice for the futures odds on this election.

Once candidates start officially putting their hat in the ring to run for president in , the odds and markets will start to firm up and realistic outlooks will begin to emerge.

Betting odds taken from Betonline Sportsbook and are updated automatically so they are always current.

As you might imagine, the big bet here boils down to the big office. Who will win the Presidency is always the biggest betting line.

And you can often find more than just a winner-loser dichotomy; you can actually bet on electoral vs. Though you can also find betting lines on entire parties.

For instance, the recent Midterm Elections had Republicans favored to take both houses of Congress, which they did. The next midterms may be reversed.

From a local standpoint, gubernatorial and even council member races are always hot-button items on the betting circuit. You can find a range of different political events and elections on which to bet.

You can also find prop bets, which will include things like the gender of the winner, the party of the winner, a clean win vs.

Prop bets also include events such as debates. If it's part of politics, then there's undoubtedly a sportsbook out there with a betting line on it.

Once the lines and odds start surfacing, we will provide examples here. To monitor it yourself, visit one of the sportsbooks listed above for current odds.

Odds for winning the Presidential Primary — this type of betting line will allow you to bet on who will win the nominations in the primary for each party.

If you are participating early in the process and are placing a futures bet, your range of options may include individuals who have not yet announced their candidacy but that are active in the political landscape and are considered potential candidates.

The closer you get to the actual election, the more accurate your list of options may be. However, keep in mind that the futures bets can pay off big if you guess correctly.

Odds for Winning the US Presidential Election — Obviously, this type of betting line will concern the overall winner of the election.

You will typically have a variety of associated lines, including the following:. Odds for who will win the Presidential Election Odds for which party will win the Presidential Election Odds for which gender the winner of the Presidential Election will be Odds for the gender balance on the Presidential Tickets — this line is sometimes broken down by party affiliation, but not always.

Hillary selected Tim Kaine as her vice president nominee. Odds For Winning a Specific State — This type of betting line predicts the winner of influential swing states.

For example, the Iowa Caucus odds start surfacing very early in the race. Other states are added closer to the actual election.

Winning the electoral votes in an influential state can make or break the election, hence these betting lines are particularly exciting and can determine the outcome of the election.

The results of swing state Electoral College votes can be unpredictable, as we saw in when Obama took Florida despite the fact that Romney was the favored candidate to win the Sunshine State.

Odds For Winning the Popular Vote — Once the candidates have been selected, you will find more betting types added to the line up, such as betting on who will win the popular vote.

Though it has no bearing on the overall election, political aficionados enjoy betting on who will win the popular vote.

There are times when the winner of the popular vote is not elected as President. The popular vote can be unpredictable, making it a very exciting wagering option.

This type of option typically does not appear in the lines until about a month or two out from the actual election. Electoral College Count - You will find that your range of wagering options for these lines increases after the candidates are selected and the election is approaching.

In this type of political betting line you are predicting whether a candidate will receive more or less Electoral College votes than predicted.

Prop Bets - Some of the sportsbooks now offer some interesting prop bets for the election. At Betonline they offer some matchups that work similar to a quinella in horse racing.

First off, you want to visit several sites to find the best odds on what it is that you are looking to make a bet on.

We have compiled a list of some of our recommended sites for political betting above. One factor to take into consideration is the location of the site offering the odds.

It is more likely that a site based in the UK will have a better handle on British politics, and as a result may have more options when it comes to betting on the outcomes of elections in that country.

Another potential decision-making concept for political gamblers is what types of elections a site offers odds upon. If you relate this to traditional sports betting, you can find some sites that allow you to bet on minor league or division sports as opposed to the major leagues.

For the purposes of political betting, this could mean finding a site that is taking action on the results of a Mayoral election as well as one of more national exposure like Prime Minister.

These smaller-scale elections may provide better opportunities to find more generous odds for players. The easy answer to this is that people will bet on anything if given a chance and the right odds.

It is hard to say when betting on elections began, but it is likely that it goes back a few hundred years along with most sports gambling. Making a bet on the outcome of a political campaign is no different than making a bet on a boxing match, really.

If you break it down, there are two opponents sometimes more than two, depending on the election who are trying to win a title.

There are favorites and underdogs, and with that come odds of a candidate securing the win. These days, with all the craziness going on in the world, especially in the United States, more people are turning to gambling on the future outcomes of political campaigns as a way of dealing with the emotions around the events themselves.

As you will see a little further down, many online gambling sites are capitalizing on this trend by offering a wide array of bets on the political moves of countries around the world.

This is where we have seen the most changes in the political betting landscape over the last few years. Online gambling sites are dedicating more time and effort to the sport of politics, and this means that there has been a significant increase in the number of betting options for the public.

These are the standard bets on which candidate or party will win an election. For the majority of straight bets, however, you will find odds on each of the election participants, and you will make your selection on who you think will win.

If that candidate wins, you get paid! These types of bets are similar to moneyline bets in sports.

You pick a winner and based on their handicapped odds, and you are paid based on the line the site puts up. Again, as some sites may pay more attention to this than others, doing your research is important as you may find significant swings in the odds from site to site.

Finding value in these political bets is what can make them a profitable venture. These types of political bets are not focused on which candidate or party will win the election, but by what margin.

This is similar in nature to spread betting on sports. While you know the Golden State Warriors are going to beat the Brooklyn Nets, in an NBA game when you are spread betting you will have to bet that they are going to win by at least certain number of points.

You might have found the following bets available:. As you can see, this would allow you to bet on a candidate without having them win the actual election, similarly to an underdog covering the spread.

With straight bets, your choice would have to win the election outright. Prop bets have become more and more popular in the sports betting world over the last decade.

Rather than requiring an outcome of an event to take place, prop bets allow someone to make a wager on other aspects.

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Political betting -

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Another potential decision-making concept for political gamblers is what types of elections a site offers odds upon.

If you relate this to traditional sports betting, you can find some sites that allow you to bet on minor league or division sports as opposed to the major leagues.

For the purposes of political betting, this could mean finding a site that is taking action on the results of a Mayoral election as well as one of more national exposure like Prime Minister.

These smaller-scale elections may provide better opportunities to find more generous odds for players. The easy answer to this is that people will bet on anything if given a chance and the right odds.

It is hard to say when betting on elections began, but it is likely that it goes back a few hundred years along with most sports gambling.

Making a bet on the outcome of a political campaign is no different than making a bet on a boxing match, really.

If you break it down, there are two opponents sometimes more than two, depending on the election who are trying to win a title. There are favorites and underdogs, and with that come odds of a candidate securing the win.

These days, with all the craziness going on in the world, especially in the United States, more people are turning to gambling on the future outcomes of political campaigns as a way of dealing with the emotions around the events themselves.

As you will see a little further down, many online gambling sites are capitalizing on this trend by offering a wide array of bets on the political moves of countries around the world.

This is where we have seen the most changes in the political betting landscape over the last few years. Online gambling sites are dedicating more time and effort to the sport of politics, and this means that there has been a significant increase in the number of betting options for the public.

These are the standard bets on which candidate or party will win an election. For the majority of straight bets, however, you will find odds on each of the election participants, and you will make your selection on who you think will win.

If that candidate wins, you get paid! These types of bets are similar to moneyline bets in sports. You pick a winner and based on their handicapped odds, and you are paid based on the line the site puts up.

Again, as some sites may pay more attention to this than others, doing your research is important as you may find significant swings in the odds from site to site.

Finding value in these political bets is what can make them a profitable venture. These types of political bets are not focused on which candidate or party will win the election, but by what margin.

Electoral College Count - You will find that your range of wagering options for these lines increases after the candidates are selected and the election is approaching.

In this type of political betting line you are predicting whether a candidate will receive more or less Electoral College votes than predicted.

Prop Bets - Some of the sportsbooks now offer some interesting prop bets for the election. At Betonline they offer some matchups that work similar to a quinella in horse racing.

One of the most amazing things about President Barack Obama's election in was that no one had really heard of the man in A junior Senator with an iffy record of no-votes and voting "present" on big issues, even those getting to know him didn't think he had the political chops.

However, democracy proved what democracy is, in that experience counts for next to nothing when you're a popular, charismatic figure. The people spoke, the people voted, and President Obama is almost finished with his second term in office.

Who actually saw that coming? Very, very few saw it coming. But for those who did, they may have cleaned up tremendously by betting on Obama.

The beautiful irony here is that it's actually politicians who seek to make gambling illegal across the nation, yet one of the most lucrative lines of betting is to wager on their elections and futures.

Some may consider that to be very fitting, given the duplicitous, snake-like nature of many of these political buffoons. But we're not out to play politics.

Republican or Democrat, liberal or conservative, socialist or libertarian, it matters not. It's all about the gambling here, and we'll take a closer look at political betting for all interested parties.

Compartmentalization is a word you may often hear, but you may not really know what it means. Well, put it this way: You can absolutely loathe the political process, yet you may still find a way to make money by gambling on politicians.

Don't worry; this isn't cognitive dissonance. This is simple math. Money spends better than hatred. Now, of course, there are plenty of reasons to despise politics.

People who aren't even as smart as you, yet they stand on a podium, lie to the masses, and earn hundreds of thousands of dollars a year in salary and benefits.

Heck, when a politician retires, they earn a pension package that's probably higher than your salary, and they could have been a horrible politician.

It's no wonder Congress has such low approval ratings. The average person despises politics. But keep in mind that a government is something you're stuck with.

Death and taxes, they say, and a savvy politician will even tax your death! How's that for control? There's just no shaking government; it's a monolith that's always with us.

So, as the old adage suggests, one must laugh to keep from crying. Betting on politicians' fates can actually lighten you on the subject. You can learn to love gambling while still hating the political process.

Six states entered the midterm elections with gambling on the ballot, and five states passed measures. It goes without saying, voting on Election Day can be quite stressful.

And even more so when …. State Gambling Laws Affecting Political Betting A handful of states have already embraced state-regulated sports betting, while others are in the process of doing so.

You will typically have a variety of associated lines, including the following: Those are some of the bigger examples. Here are some of the more interesting markets and betting opportunities I found during my research.

There are TONS of them. The following markets are political in nature due to controversy revolving around the National Anthem. The NFL has made headlines recently for their players sitting or kneeling during the National Anthem.

Notice how ridiculous some of these are. Can you imagine Trump having his face added to Mount Rushmore? But given all that Trump has said and done, can you put this sort of thing past him?

Some of these are interesting, too — like shipping the Statue of Liberty back. Others are entertaining as well, including who will win the Presidential Election.

But this gives you an idea of the variety of political markets revolving around other countries that are more serious.

So, many of the following tips I found from bettors much smarter than myself. The first set of tips comes from BestBettingOnline.

The following are the things you need to consider when betting on politics:. You want to look to both the past and the future. How close is the scandal to the election?

Will it hurt the candidate in question …or help them? They say not to use the news or social media for your facts, because they often get them wrong.

You should look up the facts yourself.

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