In this article, we’ll be looking at the best sites for betting on politics across UK, US and global markets, as well as how political betting works to helpful, strategic tips.
- How to Bet on Politics and Elections
- Best Betting Sites We Recommend for the Politics
- What Is Political Betting?
- UK Politics Betting Markets
- US Political Betting Markets
- Rest of the World Politics Betting Markets
- Why Politics Betting Is So Exciting
- Type of Politics Bets
- Top 5 Politics Betting Tips
- Biggest and Best Political Bets Ever Made
- Politics Betting FAQs
- ThePuntersPage Final Say
How to Bet on Politics and Elections
If you know how to place a sports bet, you can also bet on any political bet the bookie offers. Nonetheless, because many people have not yet engaged with betting on politics in the same way they may have with other sports, they may feel unsure of how to proceed. With this easy, breezy, step-by-step guide, we have everything you need to know about the practicalities of betting on politics.
- 01Register an account with a sportsbook that provides markets for betting on politics. Skip this step if you are already signed up to an operator which doubles as a political betting website.
- 02Deposit funds in your account if you have none.
- 03Find the political markets - they may have their own tab or be located under 'specials'.
- 04Choose the market you wish to back and select how much you would like to bet, just like any other market.
- 05Wait to see if your bet is successful. Betting on politics typically has longer waiting times than sports betting, with many events being several months in advance, so you may want to put the kettle on and not plan how to spend your winnings just yet.
#1
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T&Cs APPLY, 18+ ONLY
1. Once the bonus is credited to your account, losses will be refunded up to the bonus amount. 2. You must deposit at least the qualifying deposit of £20 (or currency equivalent) in a single amount with your first deposit to be eligible for the rebate. 3. To withdraw rebated funds, you must bet at least the qualifying deposit on any combination of markets within the promotional period; otherwise, rebated funds will be forfeited. 4. Unused bonuses expire after seven days of being credited to a user account and will be removed after this period. 5. Users making their first deposit by Skrill, NETELLER, PayPal or a virtual/prepaid card will not qualify for this promotion. 6. The sign-up offer is strictly limited to one per individual, family, household address, email address, same payment account number, and shared computer. 7. This promotion cannot be used in conjunction with any other sign-up promotion. 8. Smarkets Full T&Cs apply. BeGambleAware.org #ad |
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#2
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T&Cs APPLY, 18+ ONLY
Significant T’s & C’s The User must enter Bonus Code ‘COMMFREE90’ during registration Only available to users whio deposit via credit or debit cards New Customers Only. Full T&Cs apply. BeGambleAware.org #ad |
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#3
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T&Cs APPLY, 18+ ONLY
New customer offer. Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly.Full T&Cs apply. BeGambleAware.org #ad |
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#4
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T&Cs APPLY, 18+ ONLY
18+ - Offer for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and Full T&Cs apply. Registration Required. BeGambleAware.org #ad |
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#5
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T&Cs APPLY, 18+ ONLY
18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. No deposit required for NI customers. Call 08081699314 to claim. Full T&Cs apply. BeGambleAware.org #ad |
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#6
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T&Cs APPLY, 18+ ONLY
18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 3x £10 Free Bets, set events at odds 2.00+. 7 day bonus expiry. Card payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly |
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#7
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T&Cs APPLY, 18+ ONLY
Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football or Horse Racing multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. This is offer is valid for 7 days from your new account being registered. 50 Bonus Spins credited on placement of qualifying Acca bet.50x bonus wagering applies as do weighting requirements, bonus Spins only available on selected games and expires 7 days after being awarded. Debit card deposits only (exclusions apply). 18+. Full T&Cs apply. . Bet The Responsible Way. Full terms apply. BeGambleAware.org #ad |
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#8
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T&Cs APPLY, 18+ ONLY
18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 2/1 (3.0) | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned | Full T&Cs apply. BeGambleAware.org #ad |
What Is Political Betting?
Some types of betting can be more complicated than others. For instance, Asian handicap betting or booking points markets have a larger learning curve than simply backing your favourite team to win.
Betting on politics, however, is exactly what it sounds like, whether we are taking about Paddy Power political betting or any other political betting sites.
This could be the result of an election or a referendum. Anything that can be considered political, and can be wagered upon, can be considered betting on politics.
With that in mind, we’ve decided to break down several examples of potential markets for betting on politics across UK and US political betting markets, the most likely results for our UK readers, as well as some examples from across the world.
UK Politics Betting Markets
There is often a very broad selection of UK political betting markets – not just because many of our recommendations are dedicated to that region, but also because there’s such a great deal of important and interesting upcoming events that works perfectly for betting on politics.
Odds | Bookmaker |
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1.8/1 | Smarkets |
15/8 | Paddy Power |
8/13 | William Hill |
1.86/1 | Betfair |
2/1 | Paddy Power |
13/20 | Unibet |
9/4 | BetVictor |
1.37/1 | Betway |
US Political Betting Markets
Wherever you are from, US politics has a massive influence and is of enormous interest to the rest of the world. In fact, is not unusual for people of one country to have as much knowledge about politics in the USA as they do their own. And that global interest means a massive selection of opportunities when it comes to betting on politics. Here are some of the most popular markets:
Odds | Bookmaker |
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1.1/1 | Smarkets |
1/1 | Paddy Power |
1/1 | Betfair |
1/1 | bet365 |
1/1 | BetVictor |
1.1/1 | Betway |
11/10 | bwin |
Rest of the World Politics Betting Markets
While UK and US political betting are undoubtedly the most popular political betting markets for UK readers, world politics often offer plenty of options and value. Check out some of our top picks for ROW politics betting markets below!
Why Politics Betting Is So Exciting
While everyone has their own reasons for finding any variety of betting exciting, we would say that there are three key things which make betting on politics exhilarating in its own special and unique way. These positive attributes are true pretty much anywhere, whether you’re looking at William Hill political betting or Ladbrokes political betting, for instance.
Type of Politics Bets
In order to understand the different types of bets that exist in politics, we should first look at the different ways to place a bet: spread bets and online sportsbooks.
Spread betting sites let you bet on what a result will be. The more correct you are, the more you will win. However, the more you are incorrect, the more money you can lose. A good example of this is Spreadex, where you can bet on points spreads on sporting events as well as election results.
Meanwhile, online sportsbooks provide the most convenient option for players. Through online bookmakers, players can wager on almost anything – the options found nowadays are practically unending. A lot of the bet categories available in sports are available in politics too, the most common being a straight up bet, handicap bet, and proposition bets.
Straight Up Bets
A straight up bet usually involves betting on one of two or more possible outcomes. These include outrights. For example: betting on a specific candidate to win an election.
Handicap bets
A handicap bet consists of wagering according to the margin you think a candidate will win by. For example: Trump to win popular vote with 2% extra.
Prop bets
Prop bets rely on the occurrence or non-occurrence of an event – these are usually smaller, less important events. For example: Trump to lose popular vote but be re-elected.
Top 5 Politics Betting Tips
One of the most interesting and positive attributes of betting on politics is that the individual markets themselves can be varied to a point of unpredictability. However, that poses a challenge from a strategic perspective – it is hard to prepare for markets you’re not entirely sure of. With that in mind, we have broken down key strategic points that we think are applicable for betting on politics in general. Here are our top 6 political betting tips:
1. Bet Early
Getting in early can provide you with bigger winnings. Let’s use election betting as an example. While you could wait until the day before the election to place your bet, the latter will likely have less value compared to a bet placed a year earlier.
Usually, margins tighten the closer an election draws, while the number of possible candidates is thinned down to a possible two or three. The more candidates in the race, the higher the odds for your selection. This goes for US political betting such as elections, primaries, and most examples of UK political betting markets.
2. Don’t Bet on Your Favoured Candidate for the Sake of It
This may seem like an obvious point to some, but a few punters fail to realise that political betting requires the same in-depth analysis and research that any other betting market would. Politics betting is not about wagering on your preferred politicians, but finding a bet where the odds are higher than the probability.
Analyse statistics, polls and reliable news sources before placing any bets. Moreover, make sure you wager on elections you understand well.
3. Research Independently
Not all news sources are not always trustworthy. In order to back the data you find, utilise a broad and reliable variety of sites and publications.
It’s also a good idea, especially when dealing with a market for an issue people are deeply passionate about, to try and get information from all sides of the political spectrum. If, for instance, you were only to pay attention to sources that were very pro one election candidate, that you may end up believing that candidate’s chances of winning are a great deal better than is objectively true.
Even speaking to acquaintances and observing comment threads can also give you a great indication of what is on people’s minds.
Lastly, don’t necessarily assume that the largest source of information is the correct one. Quite simply, large news outlets can be incorrect in their predictions. Brexit is an example of a political event which occurred despite news outlets generally believing it was a very slim possibility. It's also fair to say that most news sources have their own political biases and opinions, just as most people do, so while it’s good to consider all information seriously, do so with a pinch of salt.
4. Beware of Polls
While polls can be a useful tool to help you gauge the odds, they are a flawed tool, as has been spotlighted by several recent instances where they have been drastically wrong in major political events.
They provide a snapshot of people’s opinions, but don’t always tell us the whole picture.
This is essentially an extension of our advice regarding news sources, and that is to consider all possible outcomes, but remember that nothing is ever written in stone. Keep in mind too that a small probability is still a probability, something that people often forget when betting on politics. If a candidate has a 1% chance, that is not the same as no chance at all. It doesn’t mean we necessarily think that would make for the wisest move when betting on politics, but it is important to take all possibilities into account.
5. Consider the Value of the Odds
There are essentially two steps in deciding whether a market is right for you, and this is the case in many forms of gambling not just betting on politics.
First, you need to consider what you think is likely to happen, or who/what is likely to win. In other words, what market you think would represent a successful bet.
The second part is working out if the odds provide good value. If for instance, if you think a candidate has a 60% chance of winning but they are given odds equivalent to 80%, that would still represent an unwise bet. This often happens with favourites, especially in election.
Punters often like to favour major candidates, as they believe it is a less risky choice than placing an election bet on a candidate with less of a reputation. However, the odds will often reflect this and then some. Check out the political betting odds quality of all markets you are interested, but don’t be surprised if it is actually the underdogs which provide the most value. You can also compare the best odds of top bookmakers to further enhance your odds quality.
Biggest and Best Political Bets Ever Made
Betting on politics has the potential to earn you a substantial figure while still being enjoyable – and some lucky bettors have truly been able to experience that. There certainly have been some impressive political bets over recent years – here are our three of our favourites:
1. George Elliott
One of our all-time favourite political betting stories is that of Sedgefield taxi driver George Elliott, who bet on Tony Blair becoming leader and Prime Minister following a lucky taxi ride in 1983. Following an eye-opening conversation with his passenger, Elliot was impressed by the young politician and proceeded to head to a local bookmaker to place a bet on him. Elliott was quoted odds of 500/1, and sure enough, the unlikely event followed through and won him an unbelievable £5,000 in 1997. The 14-year wait did not go to waste!
2. John Mappin
One of the largest bets in politics was that of 51-year-old Cornish hotelier John Mappin, who had high hopes on Donald Trump winning the 2016 US Presidential election. In fact, they were high enough to place over 30 bets amounting to £3,500 at a variety of odds.
Mappin claimed that he had never placed a bet before this one, yet was compelled to do so through a data analysis system simply three days after Trump entered the contest. The latter sure did not let Mappin down, who enjoyed a massive £110,767 victory!
The fantastic figure wasn’t his only cash prize, however. Mappin told ITV news that following his win, Eric Trump called Mappin to thank him for his support, while inviting him to meet President Trump. Mappin said: “I've been working with an information analyst system for about 20 years.
“The purpose of it is to predict outcomes. I was examining information out of America, specifically social media patterns. When Donald Trump's presidency bid was announced, we really knew three hours later that he was going to win.”
3. The Lucky London Gambler
A first-time political bettor from Kingston, London, placed a bet on the Scots, shortly after realising that they were unlikely to vote for independence in the 2014 referendum.
The middle-aged businessman had carried out a lot of research before coming to this conclusion, which in turn saw him bet a whopping £900,000 with William Hill on a no vote. Despite odds that were not in his favour, the daring wager paid off, and saw him earn an extravagant £1,093,333.33.
He said: “Losing the money would have seriously hurt, but I wouldn’t have lost my house. I would call it responsible gambling, a reasoned wager.”
Politics Betting FAQs
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There are lots of great sites for betting on politics. While our favourite picks can be found at the top of this article, our top three bookies would be Smarkets, Paddy Power, and William Hill provider.
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In terms of bet types, there’s a selection of prop bets, straight picks and handicap bets. Typical examples include predictions on things like elections and referendums. Really though, anything related to politics that could pose a prediction can be offered for betting on politics.
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Yes. Any bet on a licensed UK bookie is 100% legal. On top of that, winnings from any bet you place will also be tax-free.
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Yes. While UK markets may be most common for a political betting website aimed at British users, anything that they think may be of interest to their users can be bet on. That includes US political betting, and indeed, politics from all around the world.
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It depends on the terms and conditions of that specific promotion; however, there are many sports promotions that can be used on specials markets, such as betting on politics. That said, keep in mind that many offers have time limits, which may be an issue if the outcome of your bet will be settled many months or even years into the future.
ThePuntersPage Final Say
Betting on politics is a unique form of betting. Even though it may work like sports betting, and it may have the versatility of other forms of novelty betting, there’s nothing else quite like it. The real-world implications, the strategies involved in betting on politics, the international scale and the variety of markets are very much its own.
We hope that in this guide you’ve been able to see just how interesting and exciting betting on politics can be, as well as how accessible it is thanks to our selection of fantastic top betting on politics bookmakers.