Politics and election betting is a small section of the massive online betting industry. Congressional and presidential elections captivate millions throughout the US, often dividing or uniting the nation based on election results. The best US election betting sites allow you to take advantage of the biggest election races by placing money on your favorite candidate and informing you of the best bets to make with the latest election wager odds and news.
US Election Betting Information
The world of US politics has four primary election races that can be wagered on. They are:
- Congressional Elections: Bettors can wager on which party will gain control of the house. Congressional elections take place every two years.
- Senate Elections: Bettors can wager on which party will gain control of the senate. The Senate is composed of 100 seats with 25 seats up for election every two years.
- Party Candidate Election: Bettors can wager on who will become the primary candidates for the Democrat and Republican parties.
- Presidential Elections: Bettors can wager on which presidential candidate will win the presidential election race.
The best US election betting sites will use the standard odds format for all of their available bets. For example, a presidential candidate may be favored at 1/10 while an underdog candidate might be rated at 28/1. A $100 wager on the favored candidate at 1/10 will have a potential return of $110 while a $100 wager on the underdog candidate at 28/1 will have a potential return of $2,900.
Some of the best US election betting sites offer their services in a market wagering format, allowing members to purchase contracts based what they think the outcome of the elections will be. For example, a bettor purchases a contract to back a candidate rated as having a 54% probability of winning the election race. If the candidate wins and closes out the contract at 100%, the bettor wins the difference between the purchase and closing percentage, which is 46 points. US election betting sites that use a market wagering format will stipulate how much a point is worth. With 46 points, the bettor stands to win $460 if each point is worth $10.
Attributes of a US Election Betting Site
The best US election betting sites will have their election wagering service listed under the Politics tab. Most betting sites like to only offer odds on the US presidential election candidates. However, the best US election betting sites will have a variety of wagers available on house, senate, primary party candidate and presidential elections. Expect the best US election betting sites to also offer specials and futures on specific candidates.
The best US election betting sites will supplement their betting selection with the latest news on the elections races to help bettors make an informed wager.
Banking methods of a US election betting site are important attributes to consider. Bettors are able to fund their election wagers using popular payment methods, including credit cards, electronic wallet services, and pre-paid cards at the best US election betting sites.
The national US election season always provides excitement, debate and wagering opportunities. The best US election betting sites will provide bettors with a variety of betting options and the most popular banking methods to fund wagers. By using the available odds format betting structure or the market trading system at the best US election betting sites, bettors can make wagers on favored or underdog candidates on several different election races.