Australians & International Elections
We all know that gambling in one of the most popular pastimes here in Australia but when we think of gambling it usually consists of an Aussie punter placing a few AUD on a popular local sport or sitting at a pokies machine and playing the reel. However, there are whole markets that most Aussie punters have never even considered. One of the fastest growing gambling markets in Australia and internationally is betting on political elections.
Few things stir people’s emotions like politics and few things have the same level of excitement as making a bet. When you combine these together one of the most interesting and fun gambling experiences is created.
Almost all of us have some interest in current events and the news. Politics is always front and center in the media and there is a good reason why they put it there. Politics draws more eyes and interest than almost any other topic. While you may feel personally invested if your favorite AFL team loses, if your chosen candidate loses the election your personal life can be greatly affected.
Australian & International Events
You don’t just have to bet on local political elections either. The bookmakers we feature provide a large variety of international elections. When you start getting involved in international political betting the excitement doesn’t have to stop. There is always an election occurring somewhere in the world. We have found that political betting also helps us stay more informed on international politics and current affairs.
How to Bet on Politics and Elections
The fundamentals of betting on politics are pretty simple. There are usually just two types of bets, being the straight up bet and the money line bet. Generally bookmakers will only offer these two types of bets.
Straight Up Bet: This is the most popular type of bet when gambling on politics and elections. It is usually used specifically on placing a bet for a specific candidate to win an election. In this type of bet you will be given a set of odds for each candidate to win and you have to choose your desired candidate before the election begins.
Example: If Donald Trump has 2:1 odds of being the next U.S. President, you would receive 2 AUD for every 1 AUD that you bet. Also, if Hillary Clinton has 1.5:1 odds of being the next U.S. President, you would receive 1.5 AUD for every 1 AUD that you bet.
Money Line Bet: In a money line bet you are gambling on the margin of victory of your candidate. An example of this is if you wager that your candidate will win with 60% of the vote or more. You can also make bets on if your chosen candidate will win a specific state or region.
Popular Political Elections for Betting
While Australian political elections are popular among Aussie punters, the U.S. presidential elections also receive a huge amount of attention by Aussie punters. This has much to do with the fact that the mainstream media here in Australia cover a large amount of the US presidential election process, which helps them make more informed bets. We also believe here at the Australian Betting Organization that part of the reason Aussies like to bet on US elections is because the county’s primary language is English, making bets on their elections a little more interesting.
Political Betting Tips
We here at the Australian Betting Organization believe there is huge potential to make big money in political betting. One of the best ways to predict the outcome of an election is to follow the money. The candidate backed by the most amount of money usually has some of the best odds to win. Politics is very much a propaganda driven machine. Buying ad space, building your public image, and getting people to the voting block all comes down to spending money.
Another great tip related to political betting is to get in early if you can. If you have a great sense for politics and can make a reasonable assumption on who will win the election early on, you may land on a big payday. Most of the time the bookmakers will be distracted by a huge number of candidates and so they will often give good odds early on. This is the time for you to make your bets and cash in.
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Australian Betting – Copyright 2015
The information provided by the Australian Betting Organization is for entertainment purposes only. We deny any responsibility for financial losses incurred by our readers. The reader is responsible for knowing and following regional gambling laws and regulations. Those seeking information related to gambler's help can visit the Australian Government - Department of Social Services.