Gambling on sports or casinos is quite popular. But for the political aficionados, the litmus test lies with the upcoming US presidential election.
Who will go to White House eventually? Is it Hillary or Trump or any other underdog on whom no one has expectations much?
If you are torn apart by your greed to bet on this historic political election and cynicism to believe the general elections odds by constituency, then the following points are for you.
The rest of the article will educate you in brief the subtleties of political gambling and why it may not be a total blunder from your part to bet in this election.
Differentiate Between Polling and Betting
There is a stark difference between polling and betting. If you have an ambiguous concept regarding political gambling and mixing it up with polling, then think again.
In layman’s term, one can say that the first is for masses and the second is for classes. For a first time bettor, it’s not possible to point out the blur between the two.
While the polling portrays only a general snapshot of the voters’ opinion, the tipsters of political betting have many insiders news such as the feedback the canvassers are getting election campaigning, statistics and so on.
Though the statistics are in favor of political betting when it comes to winning general elections odds by constituency, you should keep a check on your balance while gambling.
Don’t get too carried away with the success rate of political betting. Learn the different aspects of straight bets and money line bets.
If you are quite risk-averse, then you must stick to the former for better returns. While if you want to get the hang of adrenaline rushing gambling, then the latter is your choice.
Learn from books, go through the various materials offered by the internet, talk to expert bettors for more suggestions and make some conscious decisions.
Betting is Backed Up by Future Trading
It’s quite normal for any first-time bettor to have inhibitions in mind for online political gambling. But to assure yourself, do look up and read about future trading in political betting.
You will get to see that not everything here is based on pure luck or ‘chances’. In order to steer the election odds constituency to your favor, you must check out the scientific model of future trading.
Here, the bettors put a wager on the basis of the yes/no outcome of the election event/ political referendum. You will find many similarities in how future trading works in political gambling scenario and how it performs in the financial market.
In USA’s jurisdiction, online gambling is prohibited. So you can always bet upon future trading if you are aiming for the US presidential election in the coming month of November.
If you are a student of political science, who is curious to bet on the possible winner of the election, then future trading should be your call.
This is especially applicable for those, who are taking this as a one-off event and have no further inclination to bet in future. If you are looking for intellectual debate and stimulations while political betting, then also future trading is for you.
Don’t Ignore the Power of Market
One can only imagine the market force that has been backing political betting in recent times. Not only a gambling site like Ladbrokes attracts thousands of bettors at any given point of the day, but it also creates parameters for other internet companies to follow.
During Brexit, millions were exchanged in terms of betting, not within the territory of England but worldwide.
So if you are quite skeptical about the significance of elections odds by constituency in the upcoming presidential election, you should check out the reputed names of corporate associated with the online political gambling industry.
Also the neck-to-neck competition the bookmakers show, in order to capture patrons, is another fact that supports this claim.
The internet is full of bettors’ clubs where you can find experienced gamblers exchanging ideas and information. Post your question there, and you can expect a guaranteed answer in reply.
Comparing the benefits you will receive from various bookmakers is another way to pick up the best offer, given political gambling is permitted in your local jurisdiction.
So, one has to peek into the patronizing by capitalism behind online political gambling to understand its reach. Political betting can be a solid subject for in-depth study for the students of economics as well as social science too.
Keep a Tab on ‘Temperature’
Keeping a tab on the temperature means, are you well aware of the doings of your chosen political candidate? If you don’t have any source of getting the insider's scoop into the power corridors of US politics, then rely upon the prediction market to do the job for you.
But from your part, you must show the tenacity to study a lot about your favorite politician’s campaign and follow him/her religiously on social networking sites to gauge out more about the public opinions on their pages.
Even if you hate to read the newspaper every morning or watch the news channel, make it a habit for you till November.
From sexual scandals to scams- any of the unforeseen events can jeopardize a candidate’s aspiration to make it to the White House.
All these homework and reading may eventually lift up your level of confidence, if it so, then you can always put your stake on the dark horse.
If he/she wins by any chance, you will be awarded quite nicely, no doubt. Still doubtful about whether you will bet on US election? Then you should take it as a case study and wait for the congressional election to happen. This is also a hot favorite event among bookmakers.
US presidential election is one of the greatest events in the world, watched by billions. If you are a distrustful first-time bettor, then this can be both exhilarating and nerve-wracking experience for you.
The above points can help to clear your doubts to some extent only. For the rest, you must act upon what your guts and your collective knowledge tell you.