Politics is one of the world’s most competitive, respected and betted on fields in the world. Political betting gets exciting year by year, as more interesting candidates appeal to the masses. With the political stance of many politicians being different and opposite to one another, many find political betting rather interesting and profitable.
The most interesting and possibly the most obvious advantage of political betting is profit. Although many people may not know it, political betting is much easier than other types of betting.
This gives it yet another advantage which is simplicity. Due to the simplicity of political betting, millions of people will end up betting every year usually during pre-election days, during the final campaigning days and during the ballot stages.
Many online tipping sites and sports betting sites offer odds on mainly which team will win which match and by how much. Political betting works much in the same way most other types of sports bets work.
Odds are usually placed on parties and individuals but can also include number of votes a party attains in a specific area, the total number of votes gained in terms of numbers and percentages, projected declines and increases on a weekly basis. Most bets are placed through online bookmaker sites where most people bet on just about everything.
Presidential elections are the most favored political bets. Due to the high tension during and before election time, most people tend to bet midsized to large bets on the party or politician who will win. Most Bookmakers will tend to allow people to bet on either one or both.
An example can be used from annual presidential election of 2007 which was primarily favored between the ex Prime Minister’s John Howard and Kevin Rudd. Due to past experience, most people expected John Howard to win. However, he unfortunately lost in what most say was a “last minute upset”. Hundreds of thousands of Australian Dollars were bet in the 2007 Federal Election.
Political betting has become an ever increasing betting type in which popularity raises and falls depending on which politician is running for which seat. This also leads to the possibility of a shift in political power which in itself is another betting platform. When people see that a politician is increasing in popularity fast, they start betting because this situation signals the start of the political betting season.