Politics can be a punish to follow, so to make it enjoyable and less of a punish, why not bet on politics, whether it be in Australia with state and federal politics, as well as politics overseas.
Whether you want to bet on who will be the new party leader, who will win the upcoming election or who will become the next president of the United States, down below are betting options for politics.
Federal Election Winner Bet
This is where punters can bet on which party will be sworn into government at the next federal election. The two main parties are the Labor Party and the Coalition, with the rest of the political parties classed as ‘Any Other Party’. For example, if you put $10 on the Coalition to win the next federal election at odds of $5, you’ll get a $50 collect.
Political Leader Bet
This betting option sees punters decide on who will lead a certain political party following an election or if there is a vote of no confidence within the party, or the resignation of a leader. For example, if Anthony Albanese quits as Labor leader and you put $10 on JIm Chalmers at $3 to be the next leader, and indeed he does become the new Labor leader, you’ll get a $30 collect.
State Election Winner Bet
This is pretty much identical to the Federal Election option mentioned above, but this is where punters can bet on specific states. A good example of this is the New South Wales State Election. If you put $10 on Labor to win the election and get sworn into government at odds of $1.50, you’ll get a $15 collect.
This is betting that occurs during the Federal Election, where some bookies will have odds on all the respective seat markets, which is close to 100 markets available. To use an example if you put $10 on the Coalition to win the seat of Lyne at odds of $2 and they win, you’ll get a $20 collect.
US Vice Presidential/Presidential Nominee Bet
If Australian politics isn’t for you and you want to look at the US politics, then a betting option is who will be the nominee for the respective parties, whether it be presidential or vice presidential. An example of this kind of bet is putting $10 on Joe Biden to be the 2024 Democratic Presidential Nominee at odds of $2 and indeed he is the nominee, you’ll get a $20 collect.
US Presidential Election Winning Party Bet
This sees punters have the option of which party will be voted in at the next election, with the two main parties being the Democrats and the Republican party, with the rest classed as ‘Any Other’. A good example of this kind of bet is putting $10 on the Democrats to win the election at $2.20 and they get voted in, you’ll get a collect of $22.
Total Seats Bet
This is seen during the elections at both state and Federal, as well as overeas. This is where bookies will put up markets on a wide range of options, whether it be the total number of seats won by a party, they may set an overs/unders market on total seats, an exact number of seats won and plenty more. For example, putting $10 on the Labor Party to win 50 or more seats at the next Federal Election at odds of $5 and they get 54 seats, you will collect $50.
UK Politics Bet
There a wide range of markets available when it comes to the UK politics, whether it be when will Rishi Sunak will be replaced as leader of the conservative party and lose the role as prime minister, will the UK join the EU and plenty more. For example, if you put $10 on the next election being in 2023 at the odds of $4.50, and the election is called in that year, you will get a $45 collect.