Online Gambling And UK Politics Betting 2018
UK political betting is seeing a surge in popularity. While events related to politics may not spring to mind as a common topic to place a bet on, especially when compared with sporting events, political bets are actually being rolled out across many key betting platforms because of the high demand for them. Examples of events that you can wager real cash on include the American presidential race and UK leadership election outcomes.
Our review team has found the best political betting sites for UK players which we will share with you, along with covering the following information:
- What political betting is and how you can get involved
- Which political events you can bet on
- Odds when betting on political events
- Strategies and tips for political betting
- How to find a good political betting site
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Political Betting Overview
Political events are always happening worldwide. Events like ‘Brexit’ inspired a huge number of wagers due to the excitement and anticipation that swept the UK during that time. Its popularity continued throughout the Leadership re-elections that saw Corbyn and Smith battle it out for the title of Leader Of The Opposition, following an extremely dramatic mass resignation amongst the party front benchers. And, of course, there was the 2016 US Presidential election - a neck-in-neck race that did nothing but surprise and shock the entire world. These interesting and gripping events drove UK political betting to soar. What’s the draw? We live in an era when politics can go in any direction, and it's great fun to make a real money wager on something so prominent in national and international culture.
Political Events You Can Bet On
Political betting isn't solely reserved for major events - although these do tend to be the most popular. There are a number of steps taken before any major election (or in some cases, after) that are also popular to bet on. For example, after the EU Referendum results, Cameron was forced to resign, leaving room for wagering on which of the Conservative front benchers would sweep the main seat - and of course, for a while it looked like Boris might have a go for it too which made for an exciting bet! These events are perfect for making wagers because they're covered day-in day-out by the media, and spoken about regularly by the general public, making them incredibly engaging.
Another example is the lead up to the US Presidential election. Before it was left solely to Clinton and Trump, there were some other key players in the race that were weeded out one by one. Political betting can begin from the offset of these events and continue all the way to the main event.
Remember, when you place a real money bet on a political event, it is not the same as betting on a sports team. Politicians, political ideologies, and the reputation of parties can transform over-night and can completely alter the way your political bet performs. Also, keep in mind that in or-der to get a good return on your bet, the issue itself will need to be up in the air and unpredictable rather than set in stone.
Odds When Betting on Politics
Many good sportsbooks are giving people the opportunity to get involved in political betting given its increase in popularity. Caution is advised, however, due to some having a wider betting range than others. When choosing a sportsbook for political betting, it's advisable to look at whether the one you’re with caters to your wagering needs. To keep yourself informed and up-to-date, keep an eye on political betting odds comparisons sites so that you can see all of the available prices. Due to some sportsbooks having expertise in sports betting, their prices may be more conserva-tive than others
It's critical when getting involved in political betting that you keep up-to-date with the current mood. Media outlets you read may have a particular bias which could affect your choices, so ensure you get a broader idea of what's going on before placing a bet. Also, keep in mind when doing this that the general public opinion via media outlets and betting markets may not be truly representative of the situation. For example, both Brexit and Trump were rated around 10-15% likely by betting markets prior to the result. The shock results were supposedly due to a rejection of the status quo, and Trump achieved victory primarily due to the late deciders. An understand-ing of the mood at a ground level might better prepare you for certain outcomes. The main thing to take away from this event is that UK political betting is volatile and often changing, so your strategy should be adjusted accordingly and not reliant on one source. A very good market to play is the ‘In-Play’ betting during televised debates. A politician's performance during a debate can change how voters feel about them, so if you think you have a good handle on this, it's worth placing a bet on.
What Makes a Good Political Betting Site?
A wide range of events to wager on - Political betting started out focusing on major events but now includes many smaller ones as well. The more events offered, the more fun you can have.
- A good betting range - Does the site meet your wagering needs? Check on betting limits to make sure you will be able to bet as much or little as you’d like.
- A strong reputation - Check a site’s credentials before betting with them to ensure you money is safe. Online reviews can be helpful in finding out if they are secure.
- Competitive political betting odds - Ensure they have competitive pricing as some will be more conservative than others.
- Various payment options - How do you like to deposit money? Check with the site to see what payment options they offer.
Where to Make a Political Bet
Political betting is exciting, diverse, and engaging. It's also increasingly popular across a range of great betting sites. Whether you want to bet on a minor political event or debate, or wish to wager on a much bigger globally recognised election, there are a number of reputable sites with com-petitive odds that can give you the best chances of winning. Take a look at the shortlisted sites here to see the top options for betting on politics.
Political Betting FAQ
How does political betting work?
Political betting works similarly to sports betting. You pick an event you'd like to wager on and submit your bet accordingly.
Is it popular in the UK?
Political betting has never been as popular as it is today. Thanks to some major and unexpected events such as Brexit, Corbyn’s landslide win, and Cameron’s resignation, real money political betting is growing in commonality.
What sort of events can I wager on?
There are plenty of events where you can bet on politics. These include elections, referendums, resignations, tv debate outcomes, or the passing of certain policies.
What are the odds like?
Odds vary from site to site. It is important that you compare odds before committing to a betting site. The more popular a prediction, the less you usually stand to win.
Is there a strategy I can use?
It is difficult to advise on a strategy due to the unpredictability of the market. It is important you know the subject you're wagering on, keep up to date, and never underestimate the mood of the general public when it comes to political decisions and outcomes.
Where can I find these bets online?
We have a range of sites that offer political betting and have been thoroughly reviewed to help you decide where to place your bets. Take a look at some of our recommendations.