Ultimate Guide to Political Betting in 2024

If you’re new to political betting, 2024 is a great year to begin. The UK has a General Election in July 2024, with many commentators predicting a seismic shift to the left following years of Conservative politics. 

Then, in November 2024, US voters will head to the polls in a Biden vs. Trump rematch that is likely to be one of the tightest and most controversial elections in US political history.

Tuning into the debates from Australia is a great way to engage with international politics, but placing political bets is a great way to crank things up a notch. 

When you bet on politics, you can leverage your research and knowledge of the political situation in the UK, US, and other countries to not only engage with the issues but also potentially make a profit. 

This article reveals a complete guide to political betting, introducing you to the markets you can bet on and what you need to consider before backing a candidate. 

Recommended Political Bets for 2024 

By the time of writing, Trump already won the NH primary!

With many high-profile political events scheduled throughout 2024, what political betting tips offer good value? Here are some of our expert recommendations: 

Take advantage of primary betting ahead of the US election 

Long before Biden and Trump face off in November in their US presidential bids, American voters head to the polls in a series of nationwide primaries. Trump recently defeated Nikki Haley in the New Hampshire primary, while big decisions face voters in Tennessee, Kansas, Michigan, Missouri, Washington, and Hawaii in August. 

Betting on primaries is a great way to engage with the US presidential race six to nine months before the main event, and you can back numerous candidates in all states, depending on how you think the votes will play out. 

The US Presidential Race: Trump to make an unfathomable return to power? 

Following the US Capitol riots, President Trump’s impeachment, subsequent arrest, and charges, you would be forgiven for thinking that his political career was all but over. 

However, true to his word, Donald Trump clinched the 2024 Republican nomination and will look to return to the Oval Office with a victory in November. 

Given a disastrous appearance at a recent TV debate and President Biden’s struggles in the polls, many political commentators believe 2024 could be the year Trump unfathomably returns to the White House. 

Trump’s supporters seem unfazed by his legal troubles, so backing the former president to win this year’s election could be a promising bet.

UK General Election: Labour and Sir Keir Starmer to turn the UK red  

Many people suspect that the UK public has had enough of Conservative politics, and current Prime Minister Rishi Sunak looks increasingly likely to depart as Prime Minister in July. 

Labour, led by Sir Keir Starmer, looks set to turn Westminster red for the first time since 2010 when David Cameron displaced Gordon Brown as Prime Minister. 

A promising bet for this July’s General Election is to back Labour to win and Keir Starmer to be the next Prime Minister. UK citizens seem ready for change, so expect them to vote against more of the same later this week. 

Comprehensive Betting Options Across Major Political Events 

Biden vs. Trump dominates the political betting landscape and is the biggest market available to bettors in 2024. While presidential nominee bets were a good option at the start of 2024, we’re now into the two-horse race between the current US president and the former president, who seems hell-bent on a return to office. 

While the UK General Election is a little more nuanced, it can still be seen as a two-horse race at this late stage. Voters will likely decide between more of the same from Rishi Sunak and the Conservative party or the new mandate by Sir Keir Starmer and Labour. 

The earlier you enter the political betting landscape, the better, as many markets and betting options are available to you long before the main event. We explore some of these markets below. 

You can place numerous wagers on countless markets at your chosen betting platform. Some of the most popular options for the most significant events in 2024 include: 

US Presidential Election 

• Vice President Nominee: Who will be on the Republican ticket with Donald Trump this year? Bet who you think he will choose as his VP from Doug Burgum, JD Vance, and Vivek Ramaswamy. 
• Winning Party: Rather than betting on the person you think will win the US election, you can back the party to win. Though it’s typically a straight shootout between the Republicans and Democrats, you can also bet on an independent candidate to win. 
• Next President: Do you think Trump has what it takes to return to the Oval Office? Bet on Trump or Biden to be the next Commander in Chief. 

UK General Election 

• Constituency Voting: From Salisbury to Devon North, bet on how you think every UK constituency will vote in the upcoming UK General Election. You can bet on the Liberal Democrats, Labour, Conservatives, Reform, or Green parties winning each constituency. 
• Government after the Election: You can bet on how you think the government will be made up after the election. For instance, bet on a Labour majority or a Labour/Liberal Democrat coalition. 
• Most Seats: Another popular betting option in the UK is which party you think will win the most seats in the House of Commons. 
• Voter Turnout: You can place an over/under totals bet on the expected voter turnout, which is a great way to bet on the UK General Election without picking a candidate or party. 
• Vote Percentage: You can also bet on the percentage of votes you think Labour and the Conservatives will win in the upcoming election. 

How do you bet on political betting markets? 

Now that you’re aware of the exciting political landscape in 2024 and the myriad betting options available to you, it’s time to look at some practical tips to help you as you make your political selections: 

• Choose a sportsbook: First, create an account to place political wagers. Check that the sportsbook offers political markets before signing up, as not every betting site does. You can check out the top sports betting sites in Australia here. 

• Do your research: Political wagering requires research like any form of betting. Don’t merely bet on the favourite candidate because everyone else is; research what’s most likely to happen. You can turn to political polls and neutral news agencies for balanced information in the lead-up to the elections. 

• Explore election specials: Many sportsbooks offer election specials with odds boosts and great value betting options. You can even access exclusive promotions if you bet on major political events at some sportsbooks. Taking advantage of election specials is a great way to boost your bankroll and increase your chances of winning. 

• Gamble responsibly: Political betting is unpredictable, and lots can happen in the lead-up to elections. Whatever markets you bet on, please remember to gamble responsibly by betting within your means.

Ultimately, political betting is a great way to engage with domestic and international politics. 2024 promises to be a massive year in the United Kingdom and the United States, with citizens of both nations looking for significant political upheaval. 

Create an account at a sportsbook today and explore the political markets and available betting options. You can check out sites with the best welcome bonuses to get started with a great value offer. 

FAQs on political betting 

How to bet on politics? 

To bet on politics, you must first create an account at a sportsbook that offers political betting markets. Though not a sport, politics is usually grouped under “specials” or “other” and is widely available at the best gambling sites in Australia. 

Once you’ve selected a gambling site, create an account and deposit funds to bankroll your wagers. Then, research and consider which political scenarios you would like to bet on, choosing from the abovementioned options. 

Is political betting legal? 

Yes, political betting is legal in all countries where sports betting is legal unless outlawed explicitly by the country’s gambling commission.

In Australia, you can legally bet on political events in the UK and USA from a licensed and regulated Aussie sportsbook. 

What political markets can you bet on? 

You can bet on many political markets for each major political event. For instance, ahead of the UK General Election, you can bet on winning parties, winning candidates, and each constituency in the UK. 

For the US Election, you can bet on which candidate will be the nominated representative for each party and which person and party you think will win. As the elections draw closer, you will also find political specials available at most sportsbooks. 

What’s the best Aussie site for political betting? 

BetiBet is one of the best places to bet on politics in Australia. This top-rated crypto betting site offers extensive political markets for the US and UK elections, specials, and great value odds. You can also get started at BetiBet with a generous welcome bonus, which you can use for political bets.