With the upcoming 2020 election, you might want to jump on the gambling on the US election bandwagon as well. This type of betting is not legal in all states, but there are still some USA’s US election sportsbooks for you to place your wagers.
Below, you’ll find the best sports betting sites for the US election, as well as some tips for gambling on the US election.
- The odds for political betting are the same as that for sports
- Best sports betting sites for the US election offer various betting lines
- You’ll need to get informed on the US politics
- You’ll need to do in-depth research on the media and policies
- The swing states tend to decide on the outcome
Gambling on the US Election – A How-To Guide
The presidential election in the US takes place once every four years on the first Tuesday of November. This year, the date is November 3rd.
Now, sports betting for beginners guides that tackle gambling on the US election will tell you that here, you’re playing a long game. Despite it being months away from now, it’s already relevant. The betting odds for become available to the public well before the actual voting.
What are the rules when tackling the elections, then?
The numbers within the odds lists on the best sports betting sites for the US election are continually updated. The potential field of candidates is covered well before the declaration of two nominees.
In fact, party primaries are another big field for placing wagers.
What Are Party Primaries?
Interparty races, or primaries, serve for nominating the presidential candidate by the two America’s major parties – Republicans and Democrats. During party primaries, groups of potential nominees compete against other members of their party.
As regards Republicans this year, Trump isn’t likely to meet any competition; he’s all but guaranteed to represent his party for the second term in the White House.
The nomination after this race becomes official at the national convention between August 24th and 27th. You can choose him as your winner gambling on the US election already on various sites.
Democrats, on the other hand, have been searching for a suitable candidate to counter Trump since 2016.
After the suspension of Sanders’ campaign, Biden seems likely to get the delegates at the convention this year. The Democrat’s nominee will be published between the 13th and 16th of July this year.
Betting on Politics
There are two main ways of placing wagers on the outcome of the US election. Let’s take a look.
Prediction markets are the older type for gambling on the US election. If you join a prediction market, you’ll answer yes or no questions, such as:
Will Trump be re-elected in 2020?
Will Michelle Obama run for president?
As a trader on the prediction market, you can buy shares for each question, prices depending on the supply and demand. It works like the stock market, and you earn for every correct answer.
If you join a political US gambling online site, political props will for gambling on the US election look quite similar to the sports bets you may be used to placing. Standard betting lines you might run into include:
- Odds to win the presidential primary – here, you choose the possible victor of the nominations. As the nomination approaches, you’re more likely to win, but the payout is lower, too.
- Odds to win the presidential election – you select the overall election winner; apart from the individual candidates, there may also be bets available for the party and gender.
- Odds to win the popular vote – these betting lines tend to appear one to two months before the election date.
- Odds to win a particular state – betting lines for crucial swing states show up early in the races.
- Odds on candidate antics – these are an interesting part of gambling on the US election, and include you betting on the number of times a candidate would do a particular thing, such as how many times they’d utter a phrase.
Especially if you’re already big on politics, even if you haven’t placed many wagers on sportsbook apps, you’ll find political sports betting online an exciting way to put that knowledge to work.
Note that this type of betting is available around the electoral campaign, and not too much in general. However, while Trump is president, there have been occasional betting lines on his impeachment and other such events.
The technical side of this betting won’t differ much from sports, but the information behind the bets themselves will. Informed wagers matter, and you’ll have to research it thoroughly before you put any money on the line.
When it comes to the ways the best US sportsbooks represent their sports betting odds, favorites come with a minus sign and underdogs with a plus, using the money line representation method.
The only type of bet that the US gambling apps offer on politics is props – bets that don’t necessarily correlate with any outcome.
Choosing a Winner
Because there’s no total score available, political props need a different kind of research when gambling on the US election. You will need to get informed on official policies, as well as rumors and gossip and public opinion.
This one is exceptionally tricky with Donald Trump, a previous candidate plagued with scandal and still becoming the US president. Don’t take his example as a rule, but as an exception, though.
Moreover, check out how a candidate has led in the past. Do they hold a position now, and how much are they respected? Even if they don’t seem generally healthy, it could impact the general public view on them.
Finally, the policies and commitments – anyone who makes too big, or too peculiar promises, isn’t likely to win. Stay away from anyone making statements they can’t keep when gambling on the US election.
Considering all these factors is not a small task, but luckily, there’s a lot of media attention around these events. There are also so many events around the presidential elections. You may choose any step of the way and put your money on it.
Variables to Remember
Considering how long and detailed the electoral process in the US is, there are hundreds of variables to consider. Let’s take a look at several tips to make it a bit more manageable.
The Electoral College
Especially if you’re not American, remember that the US uses an indirect election principle to decide on its president.
They don’t count the popular vote but assign a set number of electors for each part of the confederation. All registered voters cast ballots for their candidate of choice, and the winner gets as many electoral votes as there are per state.
You’ll need to understand the electoral college to handicap the election properly.
Most elections come down to several ‘swing states’ – states that tend to change from the Democrats to the Republicans and back again often.
So, one of the best things you can do is understand which messages resonate with which regions. This knowledge can significantly increase your chances of placing a wager on the right side.
The Media Bias
After the 2016 elections, bettors learned that when gambling on the US election, you can’t trust the US media. Almost every new network shows a clear bias towards red or blue.
They report on what they want to happen, not the truth as it is. So, force yourself to research sources from both sides before making any calls.
Think about it – the liberal media in 2016 assured viewers that Clinton was sure to win. So, the best sports betting sites for the US elections reflected that. However, anyone who took notice of the massive crowds attracted by Trump profited from the misinformation.
“Earned” and “Bought” Media
Apart from hearing both sides of the reports, you should learn to distinguish between earned and bought media.
The former takes place when a network or journalists discuss a candidate as part of their coverage, naturally. A campaign leader purchases the latter to promote themselves.
The impact of doing so can lead to a victory in the election, even, but not always. For example, Clinton spent three times more than Trump in 2016, but the media paid so much attention to him because of his past.
So, pay the most attention to the time a particular candidate spends on the media, not only about the negative and positive news. This will make success when gambling on the US election much more likely.
The Presidential Debates
Before Election Day, ensure to tune in and watch the presidential debates. Most voters will make a decision based on their ‘gut feeling’ more than platforms and policies, and times when the candidates clash feed that instinct.
Here, again, it matters more how the candidates are seen than who ‘wins’ an argument. Pay close attention to the moments that explode on social media, body language, and comments.
Identify the Key Points
Finally, in many cases, the winning campaign is the one focusing on the right issue. Again, let’s use Trump as an example.
In 2016, he spent his time appealing to the mass of the working-class voters in the American rust belt. He promised to bring back jobs, which led to many central states to ‘turn red.’ Trump won even though he lost the popular vote.
So, the most critical message here is – find the policy that resonates with the swing states. The chances are the highest that you’ll win when gambling on the US election in that case. Then, all you need to do is check the gambling site deposit options and place your wager!
What Other Betting Guides & Strategies Are Available?
Understanding how to best implement the campaign spins and media storms is a big task, but one that can amass quite a profit. Here, you need to forget the best betting strategies for the UK and become a media expert instead.
If you choose one of the best sports betting sites for the US election, you may get a chance to cash out your bets. Finding betting sites with quick withdrawal means you can make a profit even before the election finishes.
Check our bookmaker ratings out there to find secure online casinos and make the most out of it.
The US presidential election is the Super Bowl of political betting, and especially after 2016. The US election even led to a rise in other political betting markets all around the world.
The potentials of the 2020 US Presidential Election might break every betting mark from four years ago, though. The party primaries leading up to the election are more intriguing than ever.
For this reason, more and more operators are covering the political market. So, you’re no longer limited to several options with less than favorable odds and without an US sportsbook bonus.
Find the best sports betting site for the US election and make a big profit in November.