Presidential Election Betting
Political betting has exploded in recent years and most of that action comes in the form of presidential election betting.
Betting on politics generates a lot of betting handle, despite it still not being legal in large swathes of the country.
Most importantly, in regulated sports betting markets, such as Nevada and New Jersey.
Presidential Elections Betting Is A Profitable Market
There is a lot of money to be made when betting presidential elections. The few who saw Donald Trump’s rise to the presidency made a hefty sum if they bet on him early.
He was 50/1 or +5000 in early betting markets before his upset win over Hillary Clinton in 2016.
Betting on president election odds is not only fun if you’re interested in politics, but isn’t necessary. The market offers value whether you’re passionate about politics or not.
More About Betting On The US Presidential Election Online
Top Online Sportsbooks To Bet On The Presidential Election 2023
The U.S. Presidential Betting Odds Explained
At American-facing sportsbooks, almost all betting sites will use moneyline odds or American odds when presenting their presidential election odds to players.
However, there are other odds types available for bettors which can be easily changed at most sportsbooks.
But, for now, let’s take a look at a US Presidential betting market with moneyline odds.
US Presidential Election 2023 Winning Party
This market allows bettors to pick the winning party in the Presidential Election. This is different than betting on which candidate will win, instead, bettors are only choosing the party that takes the White House.
The odds are expressed in moneyline format, with the Republicans at -120, as the favorite. Moneyline odds are simple to understand. They represent the amount you need to bet to win $100. So, in the case of betting on the Republicans, we need to risk $120 to win $100.
The Democratic Party is the underdog in this market at +100. When the bet is at +100 or “even-money” the amount we have to risk to win $100 is simply 1:1. We need to risk $100 to win $100 on the Democrats.
In this market, there can be no pushes. If you choose the correct party that wins the election, your bet will win, if not, your bet will lose.
Presidential Election Winner Betting Odds
Where To Bet On The Presidential Election
There are a lot of online betting sites that will be happy to take your wager on presidential elections, but depositing and wagering at the first online sportsbook you come across is not a good idea.
Some sportsbooks are far better than others. Not only when it comes to bonuses and markets, but security and safety. It’s important to find a sportsbook that has a strong reputation in the industry.
Luckily, at SBS, we have reviewed all the best online sportsbooks and will point players to the safest and best options available.
|Rank||Political Betting Site||Deposit Bonus||Get Started|
|1||BetUS||Deposit Bonus 100% Up To $2,500||Bet Now Discover More|
|2||Bovada||Deposit Bonus 50% Up To $250||Bet Now Discover More|
|3||Everygame||Deposit Bonus 100% Up To $500||Bet Now Discover More|
|4||Betonline||Deposit Bonus 50% Up To $1,000||Bet Now Discover More|
|5||BetNow||Deposit Bonus 100% Up To $1,000||Bet Now Discover More|
|6||Sportsbetting||Deposit Bonus 50% Up To $1,000||Bet Now Discover More|
|7||MyBookie||Deposit Bonus 50% Up To $1,000||Bet Now Discover More|
BetUS Online Sportsbook has a long history in online betting markets. They’re our top option for US sports bettors.
They offer lucrative sign-up bonuses to players, including a 100% Up To $2,500 Bonus on your first deposit.
In addition, all users are eligible for re-up or reload bonuses for the lifetime of their account.
They offer bettors a wide range of deposit methods and fast withdrawal processing times. Live chat and phone support are available 24/7.
A genuinely elite sportsbook with a legendary reputation. They have a massive list of betting options for the Presidential election, including a massive list of each state’s propositions, the popular vote, and more.
The betting site is one of the most trusted online with no slow-pay complaints for 20 years or more.
Bovada has betting limits in the five figures regarding which party and candidate will win the presidency. Props on individual states are lower, but bettors can expect these limits to be in the thousands of dollars, as well. New bettors will receive a 50% Up To $250 on their first deposit.
MyBookie is one of the best political betting sites. MyBookie truly has everything under the sun when it comes to political betting.
Betting limits at MyBookie are also quite large. They take $2,000 on the general election winner online and $5,000 over the phone. Props, such as which candidate wins each state in the Electoral College have a max bet of $500.
MyBookie has various methods for deposits and withdrawals. Their payouts are fast, and new bettors will receive a 50% Up To $1,000 bonus on their first deposit.
SportsBetting.ag has become an elite betting site in recent years. Betting options are vast at SportsBetting.ag, and that doesn’t change with politics. Their political betting markets match any other site on this list.
Bettors can wager $10,000 or more on the outright election winner or political party. Electoral college markets on individual states are also relatively high compared to competitors with a $2,000 max bet.
The Welcome Bonus is their standard bonus that offers 50% Up To $1,000 in free play. They also provide specific bonuses for using cryptocurrencies.
BetOnline is one of the sharpest sportsbooks online and the most popular. The sportsbook has some of the highest limits online for betting politics and a ton of different betting options.
They have competitive odds on nearly every sport globally, massive deposit bonuses, and odds boost promotions. Bettors can wager up to $10,000 on who will win the election and $2,000 or more on individual states.
There are several deposit bonus options, including a 50% Up To $1,000 bonus and a variety of cryptocurrency or Bitcoin-based bonus offers.
How To Bet On The US Presidential Election Online
- Sign Up At A Betting Site – This is the easy part, provided you choose a sportsbook that is trusted and safe.
We covered this quite a bit in the above section. Signing up at a sportsbook can be done in a matter of minutes. Most sportsbooks require your real name, address, phone number, and email.
- Make A Deposit – This can be done in a number of ways. We recommend cryptocurrencies, such as Bitcoin, because they have a 100% success rate and every sportsbook accepts them.
They are also free for deposits and withdrawals. Credit card deposits are also popular.
- Choose Your Presidential Betting Market – Now that you are familiar with how political odds work, you can choose your bet(s).
From there it’s adding them to your bet slip and finalizing your wagers.
- Place Your Bets – Once you have added them to bet slip. It’s time to confirm your bets.
Be sure to check the amount wagered and your selection before clicking submit or place bets. Once you place a wager it cannot be undone. Many sites also have one-click confirmations these days, instead of two clicks.
The U.S. Presidential Betting Markets
Like other markets that are non-sports related, the availability of markets is often determined by the oddsmakers at a particular sportsbook.
For political and presidential election betting markets, most online sportsbooks will have the basics, such as which candidate or party will win, but there can be quite a bit more than that.
We will go over the basic markest for betting elections and some of the more exotic examples from betting sites.
Odds To Win The U.S. Presidency
The odds to win the US Presidency will be available at every sportsbook online. These can either be in head-to-head format, across party lines, or a field of different contenders.
This mostly depends on the stage of the election process, whether there are still in the primary phases or candidates have already been selected.
Winning Party Of Presidency
We can look again at our example above, which pits the two parties against each other for the White House:
Again, this is a market that decides the winning party and not the candidate who ultimately wins becomes the president.
As it gets closer to election time, a head-to-head market between both candidates is the one that will overtake this one in terms of popularity, but this market will be especially popular in years with two primaries and no incumbent in the White House.
Head-to-Head Winning Candidate
This is another bet type that is sort of self-explanatory. Instead of picking the party to win, you’re choosing the candidate. We’re using the US Presidential Election as an example, but these bet types can pair any two candidates in any country.
The object here is to pick the winner of the election. Choose correctly and your bet is a winner, pick the wrong and it is graded as a loss.
Betting On The Nominee
Here we have a field of candidates with the goal for bettors to choose the one that ultimately wins the primary and becomes the nominee of the Democratic Party.
These markets can offer plenty of opportunities, as there are a lot of long odds and rapid line movement throughout the election cycle.
These markets can also be available for the vice-president nominee and even cabinet members that the president may appoint.
Also, lots of these wagers include a “field” option, which means your bet wins if anyone besides the names on the list gets the nomination.
U.S. Presidential Election – Democratic Candidate
Presidential Elections Prop Bets
Aside from outrights, there are a lot of proposition bets available when it comes to presidential election betting lines.
Prop bets are wagers that don’t focus on the main result of a game or event, like which team wins the game, but instead, focus on other factors.
In the case of presidential odds, it’s things like:
Will The Winner Of The U.S. Presidential Election Win The Popular Vote?
There are also wagers on how states will turn out for each candidate:
Who Will Win California?
Presidential election online betting sites may also offer some more exotic bets, where the oddsmakers can run wild with imaginations. Stuff like:
Who Will The President-Elect Congratulate First In His Victory Speech?
What To Consider When Betting On The Presidential Elections
One should not forget the basics of sports betting when wagering on political markets and US presidential election Odds.
However, there are some key differences between betting on sports and wagering on political markets.
Political Markets Aren’t As Efficient As Others
Betting markets offer the most accurate predictions of sports and other events, such as politics. However, it is worth remembering that some markets are not as efficient as others. Political markets are one of those.
In recent years, we’ve seen some wild upsets in politics, with Trump beating Hillary as a pretty substantial underdog. Even the night of the election, Trump could still be had at +200 To +400 at most betting sites, and his odds were much longer before then.
Brexit, in 2016, was another example. Large bets from London’s upper class apparently swayed the odds to remain or stay, while bettors could get +400 on the UK deciding to leave the European Union. Voters decided to leave and underdog bettors cashed.
“Sharp money” isn’t necessarily moving the markets when it comes to politics or presidential election odds. The public has a far greater influence on these numbers when compared to sporting events.
There is a lot of value to be found for that reason.
Check For Political Markets Before Choosing A Sportsbook
Some sportsbooks offer far more political markets than others. If this is a major focus for you as a sports bettor, it’s something to consider before you deposit and accept a bonus offer.
Viewing markets at a sportsbook is rather easy. You don’t even need to create an account on most occasions. Political or presidential odds should be listed under politics and current events.
If you’re looking for a particular market or lots of offerings on politics, it’s always better to check out the odds and markets first before making a deposit.
Bettors will find large differences in available markets between online sportsbooks when it comes to betting presidential elections and politics. If you’re full diving into politics, it’s important to have a book that has betting markets on everything.
Use Offshore Sportsbooks
One of the biggest misconceptions bettors have when it comes to political betting is that you can place bets on it at regulated sportsbooks.
People often search for things, such as, “presidential elections odds Vegas”, but legally, sportsbooks in Las Vegas, online or land-based sportsbooks at casinos – cannot take bets on presidential elections.
Sportsbooks based offshore offer these bets and Americans can legally place bets on these sites. Not only that, but they offer bonus opportunities that can’t be found at legal sportsbooks, online or offline.
If you want to bet political markets or on presidential elections – online betting sites at offshore sportsbooks are your only option.
Use Multiple Sportsbooks
As mentioned above, this doesn’t mean deposit into any sportsbook you stumble upon online. The reason to use multiple sportsbooks is that it allows you line shop and always get the best price on all of your wagers.
Bettors may find larger differences in betting odds when it comes to political and presidential betting markets.
This will not only allow you to find the best value on your bets but opens up other opportunities, such as arbitrage, which will allow you to lock in a profit using differing prices in the betting market.
Knowledge of a subject always helps. It’s not going to make you a winning bettor in itself, but if you’re aware of the landscape of politics, especially when it comes to presidential elections, then that is going to help you become a better handicapper.
However, it’s important to leave your personal politics out of it. That can be hard for some people because it’s a subject that many are passionate about.
Regardless of your political stance, remember, you’re looking for value in betting markets and trying to predict winners as accurately as possible.
As crazy it sounds, people may be more blind to their political views than their favorite sports teams. In any case, leave both on the sidelines, in the political betting and traditional betting markets.
Presidential Election Betting Frequently Asked Questions
When is the next Presidential Election?
The election it is held on a Tuesday every four years. Election results are usually presented the night of election, but in some situations, they can drag on for days or months.
Can I bet on the election?
Yes, you can place wagers on the election itself, plus a variety of other markets leading up to election day and even after. Generally speaking, political wagering is a massive betting market.
Is it legal to bet on the presidential election?
Yes, but not in all jurisdictions. Presidential betting election odds do not exist in regulated betting markets such as Las Vegas or New Jersey, but can be wagered at online betting sites.
What are the betting limits for Presidential Elections?
They can be quite large on the major markets, such as which candidate or party will win the election. Sportsbooks may accept tens of thousands or more on these wagers, but props will have lower limits. Political betting limits vary quite widely between different oddsmakers.