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US Gambling Sites / US Online Gambling Sites / Online Betting Sites USA / Best Gambling Odds in 2024 / Best Political Betting Odds for the 2024 Election (Legal Alternatives)

Best Political Betting Odds for the 2024 Election (Legal Alternatives)

Last Updated on 03/06/2024
Fact checked by: Josh Schwartz

There is never a bad time to make the most of political odds, as election cycles around the world are a revolving door. To do this successfully, it’s always a good idea to find the best odds for this and the best bookmaker.

The best options during the next 12 to 18 months will be found in markets for Europe and the Americas, where the winds of change are expected to sweep across a number of nations. Stick with us, and we’ll give you a full guide to the best political odds for 2024.

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Compare the Best Sites for Political Betting Odds

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Politics Betting Explained

In this section, we're going to explore Political Betting in different political segments or terms, ranging from Elections, Head of State, Government Cabinets, and so on we will discover:

Political Betting Odds For Elections

During the next 12 to 18 months, there will be a series of national and general elections in Europe, Africa, the Americas and Asia.

In countries like the United Kingdom, where an election year is not carved in stone, you could conceivably bet on when the next general election will be held. You could also conceivably bet on which political party will have the greater number of seats in the national, state, provincial and local legislatures. It is quite likely that you will find tremendous value in those political odds.

Some of the latest political betting odds will offer prices on whether the next parliament will be hung or whether there will be a coalition government.

Political Betting Odds For Heads Of State

In countries like the United States and France, there are also Presidential elections, held separately to legislative or general elections. The latest political betting odds here are best associated with figureheads or individuals.

These are normally the best politics odds because you will often be betting on personality cult. If you pay attention to where the wind appears to be blowing here, you may earn some rewards and at a good price because bookmakers are capable of misreading the room, based on outdated polling and opinion.

Political Betting Odds For Government Cabinets

The latest political betting odds for this market are usually out of the hands of the electorate, which means a lot less can be left to chance. If you know your politics inside and out, you can find the best politics odds here by basing your bets on thorough research and genuine knowledge. While the same outcomes can also be achieved elsewhere, there are fewer unknowns to be dealt with here because Cabinets are chosen by an individual, usually a President or Prime Minister.

Political Betting Odds For Party Leadership

In countries like Australia, being the leader of the party that has won the election is not always enough. There are times when party leadership can change midway through a political term, which is why the prices you find here will be among the best political odds. You could also search for political betting odds that have directly to do with the selection or even election of opposition leaders, whether they be the official opposition or not.

Special Political Betting Odds

In between all of the traditional political gambling, you could also search for the latest political betting odds pertaining to other developments in current affairs. The Brexit vote in the United Kingdom is a glaring example of how you could have made an absolute killing with political betting odds.

However, that was not the first time a referendum has been held on modern politics nor will it be the last. There will be multiple opportunities to find the best political odds for special events in 2021 and beyond that.

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Latest Political Odds In The United States

President Joe Biden

The 46th President of the United States is also the oldest person (78) to be elected President of the United States. For that reason, there is a reasonable debate on just how long he will remain the President of the United States. Whether he will be able to run for a second term and whether he will even make it to the end of the first term.

According to the latest political betting odds, if you placed a $1 bet on Joe Biden exiting the White House in 2022, 2023 and 2024, your potential payout would be $8 (American Odds of 700). If you placed the same $1 on Biden exiting the White House in 2021, your potential payout would only be $4.50 (American Odds of 350). If you put $1 on Biden exiting the White House in 2025 and Beyond, the potential payout would be $1.85 (American Odds of -117). According to the bookmakers, the latter would be the most likely scenario.

Biden is a person of considerable interest in the United States, with there even being a market on whether he will complete his full term in office. If you placed $1 on Biden completing his full term, your potential payout would be $1.61 (American Odds of -164).

If you placed that $1 on Biden not completing his full term in office, your potential payout would be $2.34 (American Odds of 134). Based on that, Biden completing his full term in office appears to be the most likely scenario, according to the latest political betting odds.

If you know Joe Biden and have a decent grasp of the nuances involved in United States politics, you can make a lot more money there than you would ordinarily make on UFC betting sites, for example.

Mayor Of New York

An exciting race in 2021 is the one for Mayor of New York, which features Brooklyn Borough President Eric Adams, 2020 Presidential Candidate Anrdew Yang and former Commissioner at the NYC Department of Sanitation Kathryn Garcia. According to the latest political betting odds the race will ultimately come down to just those three.

According to the latest political betting odds, the current favourite to become the next Mayor of New York is Eric Adams. If you place $1 on Adams winning the New York Mayoral Election, your potential payout will be $1.80 (American Odds of -125).

If you spend that $1 on Yang winning the New York Mayoral Election, your potential payout will be $2.50 (American Odds of 150). While Yang is not a favourite to win that Mayoral race, there is tremendous value in having a flutter on him.

If you spend $1 on the outsider, Garcia to win the New York Mayoral Election, your potential payout will be $5 (American Odds of 400). That is considerable value for somebody who is not entirely out of this race just yet. Worthy of a small flutter, in an attempt to hedge your bets.

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United State House of Representatives

The 2022 House Elections are a source of tremendous speculation, a full 18 months before the people of the United States head to the polls. There is a tremendous amount at stake for the two major political parties in the United States. However, according to the latest political betting odds there could be a considerable amount at stake for punters too.

If you bet $1 on the Republican Party reclaiming control of the House, your potential payout will be $1.48 (American Odds of -210). If you put that same dollar on the Democratic Party retaining control of the House, your potential payout will be $2.66 (American Odds of 166).

United States Senate

According to the latest political betting odds, the Republican Party is expected to take control of the United States Senate after the November 2022 elections. If you bet a dollar on the Republicans winning the Senate, your potential payout would be $1.72 (-138 in American Odds). If you are prepared to have a flutter on the Democrats winning the Senate, your potential payout will be $2.14 (American Odds of 114).

According to the latest political betting odds, placing a dollar on the Republicans taking control of both the House and Senate will deliver a payout of $2.28 (128). If you had a flutter on the Democrats taking both the House and the Senate, you could earn $3.05 (205).

If you gamble on a Republican House and a Democratic Senate, you could walk away from the tote with $5.10 (410). If you wager on a Democratic House and a Repulican Senate, you could walk away from the tote with $7.40.

Governor of Texas

The 2022 race for Texas Governor is already taking an exciting turn and there is some potential for value for punters there, once you have examined the latest political betting odds for the Lone Star State.

If you think Greg Abbott will win the next race to become Texas Governor, the latest political betting odds have him priced at -250, which means that $1 will give you a potential payout of $1.40.

People banking on Beto O'Rourke to become the next Texas Governor will find him priced at 450, according to the latest political betting odds. That means a $1 bet will give you a potential payout of $5.50.

The outsiders in that race are the actor Matt McConaughey and former Secretary for Housing Julian Castro. According to the latest political betting odds, McConaughey is priced at 500, while Castro is priced at 1600.

2024 Presidential Election

The reason you will find some of the best political odds for this race now, is that the United States Presidential Elections are still three years away. You will only see the political betting odds for this race move decisively closer to the time of the election but for the moment these political bettings odds are great.

As it stands, Kamala Harris is favourite to become the next President of the United States, as she is priced at 350, according to the best politics odds. This means $1 on Harris will give you a return of $4.50. If you want an example of value in political betting, this would be it.

The political odds for Joe Biden being elected the next President of the United States are also compelling, as he is priced at 450. This means that $1 on Biden will payout a potential $5.50.

The political odds for Donald Trump becoming President of the United States again currently sit at 650. That means $1 on Trump will pay out a potential $7.50.

Meanwhile, the political betting odds for Nikki Haley becoming President of the United States are currently 1200. One dollar on Haley will pay you $13. Given that a week is a long time in politics, that might be a bandwagon worth climbing on now. We at Captain Gambling have a feeling those odds will shorten dramatically in the next three years. These are the best politics odds available on the markets today.

The best politics odds for the Primary Democratic candidates ahead of the 2024 elections are also compelling, and potentially offer up a little more value for political betting. Outside of Harris and Biden, there is former South Bend Mayor Pete Buttigieg and Alexandria Ocasio-Cortez. Buttigieg is currently priced at 2000, according to American odds, while Ocasio-Cortez is priced at 1600.

For Ocasio-Cortez to be fetching a shorter price than Buttigieg is a little alarming, while Buttigieg featuring among the top four Democratic candidates is also somewhat alarming. There is potentially a lot of value to be had from candidates that aren’t currently in the spotlight.

There is also some value to perhaps be had for those betting on Primary Republican candidates ahead of the 2024 elections. Beyond Trump and Haley, there is Florida Governor Ron DeSantis and Former Vice President Mike Pence. DeSantis is priced at 700 for the Republican nomination, while Pence is priced at 900 for the Republican nomination.

The Bottom Line

The key to enjoying meaningful success when betting on politics, is jumping on those markets nice and early, before the speculation mounts. The best political odds we have listed here are for races due to be run either at the end of 2021 or at the end of 2022.

The best betting on politics is also for races being conducted in the United States, where election to top office is more dependent on style than substance. That element, on its own, just fuels the speculation.

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Best Political Betting Odds FAQs

❓ How do I bet on politics?

You wager on politics by betting for or against an outcome. You can bet on outcomes for political parties and political personalities. You can also bet on outcomes for special votes, like a referendum.

🙋 What are the best online political betting sites?

The best politics betting site will offer the latest political betting odds at the best available prices on the betting markets. Political betting odds are generally better than anything you will find on the best soccer betting sites and the many options for boxing betting online.

This depends on the operator, the platform you want to bet on and the State or country in which you want to place your political bet. Provided you find the right outlets, betting on politics is not only legal but it is also a compelling option. To find out more, be sure to read our politics betting guides at CaptainGambling.

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