Political Betting USA at Canada Sports Betting concentrates on all important nationally held federal and territorial elections as well as municipal elections.
US Politics Betting
Political Betting USA: Playing The Election Odds
In many ways, political elections are similar to sporting events. They are competitions between opponents and at the end of the battle after election day, there will be only one winner.
Is is any wonder then that the top online sports betting sites would also offer wagering on the US Politics Odds?
As a matter of fact, there are benefits to wagering on politics that generally aren't present in the lead up to a major sporting event.
The analytical data on offer heading into a major election like a US Presidential ballot is immense. And in the betting world, information is king.
Polls are continuously conducted to show the likely outcome of the voting. This information is often accompanied by other data such as the breakdowns by state, gender and even age demographics.
This offers you a unique window into the political Betting Odds that isn't present when you're placing a wager on a hockey or football game. And an informed bettor is a more successful bettor.
That doesn't mean that upsets still won't happen, mind you. None of the pundits saw the US Politcal Betting Odds turning out as they did in 2016. No expert was forecasting Donald Trump's odds of being elected US President ending in a positive outcome.
Likewise, most of the polls suggested that the Brexit vote would end with the United Kingdom opting to stay in Euorpean Union, when it fact leave carried the day.
Elections And The US Political System
The American political system is among the more complicated democracies operating around the world.
It's a Federal Republic where power is supposed to be divided equally among three entities - the executive branch, headed by the President, the legislative branch of the Senate and House of Representatives, who comprise Congress and the judiciary, the Supreme Court.
Those appointed to the Supreme Court serve for life.
Congress is offered significant powers, including the ability to remove a President by impeachment for high crimes and misdemeanors. The House votes on the articles of impeachment and the Senate determines whether to convict and thus remove the President from office.
Though it's never happened, in 1974 President Richard Nixon was expected to be impeached when he tendered his resignation. Articles of impeachment were passed against President Bill Clinton in 1998 but the Senate did not convict him.
Occasionly, third-party and independent candidates are put forward in Presidential elections but generally since the US Civil War, two parties have dominated US Politics - the Democrats and the Republicans.
Presidential elections are held every four years in November of a leap year. Senators serve six-year terms and each of the 50 states votes in two Senators. Members of the House serve two-year tems, meaning there's opportunity for political betting at least every two years.
General Election Odds
Americans elect a President separate from all other ballots.
The candidates compete to win states and gain that state's Electoral College votes. Each political party establishes its own group of electors in the 50 states - as well as the District of Colombia.
The Electoral College consists of 538 electors. A majority of 270 electoral votes is required to elect the President.
A state’s entitled allotment of electors is equivalent to the number of members in its Congressional delegation. A state is awarded one Electoral College vote for each member in the House of Representatives plus two for each Senator.
Midterm Election Odds
In the middle of each Presidential term, midterm elections are held. Federally, the entire House of Representatives and one-third of the Senate is up for election every two years.
Since this mandate is conducted halfway through a President's tenure in the White House, often, the President's performance will bear significant outcome in the midterm results. Keep this in mind when gauging the US Political Odds.
Pollsters release Presidential approval ratings on a monthly basis. If a sitting President is polling well in these numbers, generally their party will do well in the midterms.
However, if the President is sliding in the US Politics Betting Odds, then it's wise to count on the opposition party to carry the day in the midterm voting.
Primaries Election Odds
In order for each political party to select a candidate to run for President, a series of elections are held across the country called Primaries. They start early in the election year and conclude by late spring.
It's rare for a sitting President to be Primaried, although it has happened on occasion.
The opposition party, though, generally puts forth a deep field of candidates to contest for the Presidential nomation.
More than two dozen Democrats entered the fray in search of that party's 2020 Presidential nomination.
In 2016, the Republican battle to be the nominee for President saw 17 contenders entered in the US Political Betting Odds.
How To Make Money Betting The US Politics Odds
As with any wager, betting the US politics odds is about doing your homework. Follow trends and be aware of the political climate within the country at the time of the election.
As noted above, midterm election results tend to follow the pattern of how well the President is polling at the time of the voting.
Presidential elections take into account a number of variables that can impact the outcome. Incumbents tend to do well.
Sitting previously-elected Presidents were successfully re-elected nine of 10 times they stood for office between 1936-2012.
As with any wager, though, nothing is guaranteed. There is no such thing as a sure thing.
Take the 2016 US Presidential election. All the polls leading up to election day suggested Hillary Clinton would win and be the first woman elected to the Oval Office.
What the pundits ignored was a combination of two factors - unrest with the US political system amongst the voting public, and just how much of a polarizing candidate Clinton was within the electorate.
Donald Trump's team recognized this change and capitalized on it, casting him as a Washington outsider.
If you also caught this wave of change, it paid off handsomely. Trump was offererd at odds of 26.00. One unnamed bettor reportedly made $2.5 million wagering on Trump.
Compare And Contrast the US Politics Odds
With so many competing sportsbooks seeking to get you to wager with them, as a bettor, when it comes to the US Politics Odds, you're in the driver's seat.
When you're shopping for groceries, you check the ads to determine where you can get the best prices. You wouldn't want to pay $2.99 for a dozen eggs only to discover later that a competing chain had eggs on sale for $1.99.
Take the same approach when political betting USA is your objective. The US politics betting odds will vary from sportsbook to sportsbook.
For instance, suppose BetWay was offering 1.80 odds on a candidate being elected President.
Meanwhile, you could get 1.95 odds on the same candidate at Bodog. If you bet $100 at each sportsbook, you'd turn a profit of $80 on a winning wager at BetWay. But your return would be $95 at Bodog. And who doesn't want $15 more in their pocket?
Use A Welcome Bonus With US Politics Betting Odds
Once you've determined to play the US Politics Betting Odds, your next step should be to ensure that you're getting the best bang for your buck.
Thanks to the competition for your wagering dollar amongst the numerous online sportsbooks, you'll find plenty of enticing offers just there for the taking.
Almost every sportsbook offers some sort of bonus incentive to encourage bettors to sign up and open accounts with them. These bonus offers take a variety of shapes and forms. Your task is to determine which feels like the best fit for your betting needs.
Of utmost importance first of all is ensuring that the sportsbook offers the wagers that you wish to play.
If US Politics Odds are what you seek out, then be certain that the sportsbook you are considering allows you to place those wagers. Also check to see how deep their political betting USA markets are.
Some will simply offer markets on the outcome of the Presidential election. Others will provide much more, including nomination odds, primary odds, even prop wagers such as which candidate might be next to drop out of the race.
Some sportsbooks will offer free bets as a signing bonus. Others will entice you with free cash offers to be utilized on the wagers you will make.
All of these bonuses will be tethered to restrictions. Always read the terms and conditions before signing up. And remember, there's no limit to how many sportsbooks you can join, and thus, to how many bonus offers you can claim.