When it comes to sports betting, online betting sites offer more than just sports. What most punters don’t realise is that you can actually bet on entertainment, world events and local or international elections. In New Zealand, election betting is rapidly becoming one of the most popular betting markets. Election betting offers up multiple betting opportunities with everything from straight win bets to exotic election bets. In the notes below, we are going to take a look at how online election betting works and the various bets that can be placed.
Local Election Betting
Online election betting is offered on all major local and international elections. For New Zealanders, this means elections in New Zealand, Australia and of course the USA. Locally, the Australian elections provide punters with plenty opportunity to get first-hand information. The Australian elections are held every four years. With local Australian elections, punters can place future bets on the final outcome of the elections for example the Coalition Party or the Labour party. Punters can also place bets on individual winners for example Julia Gillard or Tony Abbott.
Betting on the local elections is a good way to start as punters will have access the latest information and market research pertaining to the candidates and the parties. The more information you have, the safer you bet. With international election betting, the most popular type of betting comes into play with the American presidential election. With US election betting, punters get in on the action months before the actual voting. Future bets can be played on the next US president before the preliminary elections have even been held.
Preliminary US Elections
In the US, before the presidential election can take place, the respective parties must hold preliminary elections. The two main parties include the Democratic Party (Hillary Clinton) and the Republican Party (Donald Trump). At this point in time, punters can place bets on which candidate will be elected as head of the party. In the most recent election, Trump was elected president of the Republican party even though the odds were extremely low.
US Presidential Election Betting
Once the preliminary elections have taken place, the two main parties compete for the presidential election. At this point punters can also place bets on the next president although the odds would be a lot lower since the main candidates would already be known and their policies distributed. In the weeks leading up the main election, various polls will be taken and data sourced from prospective voters on where their loyalties lie. All this information will affect the online betting odds with the shift happening as the data comes in.
Before You Bet
Finally, on election day, punters can still place bets until the final moments of the election when the presidency is announced. Election betting can be a thoroughly enjoyable and rewarding betting experience. Before placing any large bet it is important to gather as much info about the candidates, the parties and their policies. The more information you have about what the candidates bring to the table, the easier it is to predict how the people will vote.
Copyright © 2018 | Australian Casino News. All Rights Reserved.