Political betting odds are not solely available just for the major elections. Whenever any U.S. politician for either the Republicans or Democrats makes his or her agenda public, such as making a speech, participating in the debates, or attempting to pass a bill, oddsmakers waste no time posting a variety of betting odds surrounding the upcoming event. Odds also emerge for political events such as a government shutdown or scandal.
The public can then wager on the prop bets and lines for these events, which provide a great opportunity to those who love betting on politics since it allows you to increase the size of your bankroll in between the two biggest political seasons: the midterm elections and the Presidential elections.
And with things heating up between the two political parties in 2019 and 2020, you can expect to see hundreds of odds on betting lines and prop bets pop up throughout the year and heading into November’s 2020 Presidential election.
Below you’ll find our recommended betting sites, legal information, and a guide on what you need to know before betting on politics in the United States.
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Here you’ll find all the political betting odds that are currently available at Bovada and other top betting sites offering action in the United States. All the odds, lines, and prop bets in this section will change any time a Republican or Democrat receives a betting option from the oddsmakers at our recommended betting sites.
This page primarily covers odds for prop bets, futures, and other options to bet on politics in between the major elections. You can find the political betting odds for winning specific major elections on these pages:
Before casting your wager in the political betting market, there are a few important distinctions that you should be aware of when betting on politics as opposed to betting on traditional sports.
Political betting is the act of placing money on whether something will or will not occur during a given political event or cycle. Speeches, announcements, legislation, hearings, campaigns, and elections are all examples of things that receive betting odds.
Yes. There is not a single federal or state law that prevents someone in the United States from betting on any political odds, and Americans who are aged 18 and up can sign up and register at the betting sites we recommend for placing a wager on any politician or political issue.
When something important or newsworthy is expected to happen, you will likely find odds for it. Futures odds on major elections are almost always available — even immediately after the midterms or Presidential elections — but odds on things such as the President’s State of the Union address or whether the government will be shut down are made available just days or weeks before the event is scheduled to take place.
A wager on political futures is a bet made well in advance of an outcome being known, allowing bettors to gain a better payout from the odds. The midterm elections and the Presidential election are great examples of political futures, and because there are two years in between the two events, there’s always a lot of uncertainty, but a higher payout is the result. Political futures are arguably the most common types of wagers placed on politics since the biggest elections garner the most attention from both the media and the public.
What Party Will Win The 2020 Election? (Bovada)
A political proposition bet or “prop bet” is a wager placed on the likelihood something will or will not occur on anything relating to politics but isn’t directly related to a given event. These are also called “side bets,” or ancillary wagers. Things like the over/under on the length of a speech or how many times a word will be said during that speech are some of the common lines found in the political prop bet market.
The biggest difference is that because the majority of political odds (excluding the election futures themselves) are available for only a couple days, sharp action can heavily influence the price of a line at any moment, meaning placing a bet the moment you think the odds are in your favor is paramount. Odds on sports level out after the opening line, but political lines can swing at any moment, and swing big!
Right before the oddsmakers change the odds due to something becoming more likely. An example would be the 2016 presidential election when Republican Donald Trump was the underdog heading into the night, but once he won Ohio, the odds flipped in his favor. If you bet any time before he was called the winner of Ohio, then you made a nice return on your investment that night.
*All debate prop bets seen on this page are available at BetOnline
Additional Political Betting Resources