Best Political Betting Sites: Where to Bet on Politics Online
We’re told to keep politics out of the office and away from the dinner table, but that doesn’t mean we can’t make a little cash on it. Betting on political events is just as fun as betting on sports. Instead of yelling at your TV while watching the state of the union address or coverage of the New Hampshire primary, why not make some prop bets?
We’ll cover the best political betting sites and sportsbooks, what we look for in a betting site, and how to read prop odds. Before you know it, you’ll be able to handicap the next United States presidential election with your shrewd political betting knowledge.
What Are The Best Political Betting Sites?
Political Betting Sites: What to Look for
When we look at different sportsbooks that cover politics and elections, there are certain things we want to see. These are important aspects of online gambling that make your betting experience ideal.
Deposit Options and Withdrawals
The betting sites that we champion will accept different forms of real money. You can fund your account with credit cards (AMEX, MasterCard, Visa), debit, e-wallets (Neteller, PayPal, Skrill), and cryptocurrency (Bitcoin, Litecoin).
Some people withdraw their winnings right away, while others keep them to continue betting. Depending on the deposit method you used, you could use the same to collect your money. Generally, it can take anywhere from a few minutes to a few days to get your coinage. Only Bitcoin is instantaneous and you’ll have your winnings in seconds.
Customer Service, Free Bets and Bonuses
The way a political betting site treats its clients is very important. If something goes wrong with your account, you want to have it taken care of right away. Customer service is available 24-7 via live chat, email and phone to sort out any issues you may encounter.
Another client-facing service we look for in a betting site is their bonus offerings. Usually, you’ll get a welcome offer that matches your initial deposit up to a certain percentage like 50 percent up to $200. You can also get free bets or specific prizes if you create a parlay ticket with sports and politics. Just make sure to read the terms and conditions before accepting any bonuses.
Prop Betting: How to Bet on Political Markets
Short for proposition, props are any bets made on the occurrence or non-occurrence of certain milestones that may not directly affect the outcome of an event. If you were picking a prop for the Super Bowl, you could bet on things like the length of the national anthem.
For politics, you can bet on things like:
How to Read Political Betting Odds
When you check out any of the political betting sites we advocate, you’ll see odds listed like this:
Who will be Elizabeth Warren’s running mate in the 2020 presidential election?
Unlike a traditional straight-up sports bet where there would be a clear favorite and underdog, political betting is a little different. Normally, faves would be represented with the minus sign (-) and dogs with the plus sign (+). In this case, the politician with the lowest odds would be the front-runner. For this example, it’s Julian Castro at +160. Beto is the long shot at +2000.
If you have $50 to bet with, and hear that Warren needs help in California, you could take Newsom at +1000. If she does choose him as her VP, a winning bet would give you a payout of $550 – your original money is returned along with your winnings of $500. To find out how much you’d get based on the odds and amount bet, check out our Odds Calculator.
We use American odds but you can switch to Decimal (1.20) or Fractional (1/5) style. Bettors in the U.K. gravitate toward fractions, whereas those in Australia and Europe typically use decimals. People in the Americas commonly stick with their namesake odds.
Handicapping the World of Politics
Before you place your bet at the political betting site of your choice from our above list, you should understand exactly what you’re betting on. Like betting on sporting events, bets on politics can be handicapped as well.
Scandals: Adultery, Misuse of Funds and other Horrible Stuff
Donald Trump is no stranger to scandal. The man has turned his first (and maybe last) term in office into a reality show full of intrigue, mystery and a full-on amusement park ride for those who are trying to work with him. If any candidate is involved in terrible wrongdoings, it could be enough to tank their political bid for good.
Gary Hart was the front-runner to receive the Democratic nomination in 1988. However, when the news of an extramarital affair surfaced, his presidential hopes took a nosedive and Massachusetts Governor Michael Dukakis was given the nom instead.
Social media also plays into this because in the age of political meddling online from foreign adversaries – looking at you, Russia – some of the so-called scandals a candidate is involved in may not be fact-based, like “pizzagate.”
Injuries: All it takes is One Sneeze
In baseball, if a pitcher is coming off Tommy John surgery, there’s a chance their first few starts will be rocky. In politics, if a candidate looks unwell or even so much as sniffs during a debate – Hillary Clinton doing anything during the 2016 election cycle – voters will take that into consideration. Look for cancelled campaign appearances as insight into a candidate’s health. The exception to the rule is Bernie Sanders, who had a heart attack and bounced back a few days later with a new haircut, tighter sweaters and great poll numbers.
Leadership: Candor and Campaign Promises
If a candidate seems trustworthy and appears calm and collected when speaking in public, it’s quite possible they’re going to win their race. In a televised debate between Nixon and Kennedy in 1960, Tricky Dick spent most of the debate sweating uncontrollably and looking guilty. And this was before Watergate! His Democratic counterpart was the opposite – as cool as an iced coffee from Dunkies and this is believed to have helped JFK win the election. The same thing happened in Canadian politics when then-candidate Justin Trudeau was collected and even-keeled during a debate with the other contenders.
As for campaign promises, ask what is being offered to the public. Is it something like universal health care or legalized marijuana, or is it a frivolous expense to taxpayers like building a wall around your neighborhood Starbucks? Wishy-washy candidates who make outlandish promises like free cookies for dogs every second Tuesday don’t stand a chance.
Now that you know where to bet on politics, select one of the sites from our list and start betting. Those presidential odds aren’t going to bet on themselves. Thanks, Obama!
Political Betting Sites FAQ
Can I bet on the 2024 presidential election?
Yes, you can bet on the 2024 U.S. presidential election outcome along with a variety of betting props like Electoral College results and the popular vote. In order to do that, you need to have a betting account set up with an online sportsbook. Here's a comprehensive guide on how to bet on U.S. politics with tips and handicapping info.
Why do U.S. political odds change?
Political bettings odds, like for the U.S. presidency, can change rapidly for many factors. Voter turnout, current events, a political stance on a key issue or even a candidate's health status can impact betting odds for an election. As a bettor, it's up to you to decide if the new information is relevant as some information isn't as important as others.
What betting site should I use for U.S. politics?
Each online sportsbook has different incentives to sign-up and place bets for the 2024 U.S. presidential election. Some sites differ and could have quicker payouts or have larger deposit bonuses. Determine which site works best with those variables or open multiple accounts at different sportsbooks to take advantage of varying odds and incentives.