Despite the fact that online gambling is illegal in the US, many citizens have found a way to bet on the upcoming presidential election. This is the strategy they are employing.
If you bet $1,000 on U.S. Senator Lindsey Graham’s presidential election campaign, you might wake up on Wednesday, November 9, 2016, the morning after the presidential election in the United States, to find an extra $150,000 in your bank account. Whether you support or oppose him, the senator from South Carolina may be able to help you buy your first Ferrari.
Strategies for betting on the upcoming presidential election
Betting on the outcome of presidential elections in the United States has a long and eventful history. Gamblers in the United States used to wager large sums of money on each presidential election. Since then, the majority of states have passed legislation prohibiting such wagering, and federal law both prohibits and attempts to suppress online wagering. However, the activity continues today in internet gaming institutions located in countries other than the United States, and it is responsible for millions of dollars in betting transactions.
Already, billionaires in the United States are betting on the 2016 presidential election, and they are doing so with their own money. If you believe the Republicans will win the presidency, you’re probably buying options on as many defense and energy companies as your investment portfolio can handle. If you believe the Democrats will win, you should purchase call options on biotechnology and alternative energy stocks.
But you don’t have to be a billionaire or an expat to profit from the 2016 presidential election in the United States. Even the most ordinary citizens can take part in the action. This is how you and other Americans learned how to wager on the presidential election.
Betting on Hillary Clinton or Jeb Bush is unlikely to result in a significant profit. They are the most desired. Not only does Clinton lead in public opinion polls, but she also leads in every online gambling site that we examined. Similarly, the odds of Jeb Bush winning were not favorable; at least, not favorable if you were trying to win a bet.
Betting on Lindsey Graham represents the best opportunity to win money betting online, with odds of 150-to-1 on the Brovada website. Graham is currently paying out 33-to-1 on the Ladbrokes website. Americans appear to be slightly more likely to place bets with Brovada than with Ladbrokes, which may indicate that the Graham campaign faces a difficult road ahead. But if you accept the wager, you might end up even happier. What is the best way to bet on Brovada? You only need a payment method that is accepted internationally.
Online Gambling Odds Currently Available
Bookies are in charge of maintaining a bet book, which consists of bets in which the odds ratios are always balanced after a small cut is deducted. The odds offered by internet bookmakers provide a glimpse into the areas where people have been willing to stake their own money up to this point.
Ladbrokes is one of Europe’s largest betting establishments. In addition to its involvement in the internet gambling industry, the company owns and operates approximately 2,400 betting shops in the United Kingdom, Ireland, Belgium, and Spain. If you live in the United States or Canada, you cannot open an online account with Ladbrokes. However, if you are an American with an address in another country, you should have no trouble placing a bet with Ladbrokes or any of the other European gambling websites that are currently available online.
As previously stated, the online gambling platform Brovada allows users from the United States to wager on “sporting events, including presidential elections.” Bets must be placed using a payment method that is not domestic to the United States, such as an overseas gift card, rather than a domestic payment method.
The majority of the internet websites that I investigated allowed gamblers to wager on who would win the Democratic and Republican primaries.
To be clear, betting on Hillary or Jeb will not increase your chances of winning. On the other hand, if Scott Walker wins the Republican Party’s nomination, you’ll be swimming in cash. At the time of writing, at any rate. Similarly, if you believe that Rhode Island Governor Lincoln Chafee will be the Democratic nominee, a $1,000 wager with Ladbrokes will result in a payout of $66,000. Not too shabby.
Taking Bets on the Presidential Election and Other Special Elections
Too Paddy Power, an Irish gambling website, not only allows you to bet on the main race, but it also offers odds and payouts on a variety of other elections. For example, you could place a $1,000 bet on Jim Webb to win the Iowa caucuses. If he wins, you have a good chance of gaining an additional $66,000 in wealth.
By betting on the presidential election online, you can learn a lot about the political parties themselves
Paddy Power gamblers can bet on the proportion of female candidates to male candidates who will run in the 2016 election. In this context, Carly Fiorina and Mike Huckabee would be considered a female-male duo. Paddy Power’s odds for that gender mix favoring the GOP are 10 to 1. Paddy Power gives a female Republican running alongside another female candidate odds of 100 to 1. A female-male partnership has a 1 in 6 chance of occurring among Democrats, whereas a female-female pair has a 7 to 1 chance of occurring. In essence, Hillary Clinton and another candidate will be the Democratic nominee.
Futures trading is another way to speculate on the upcoming presidential election
Futures trading is a type of internet betting substitute. The Iowa Electronics Market provides a futures market for the United States’ monetary policy as well as presidential elections. This website, which is run by the University of Iowa and serves as an educational resource for students, can be found here.
Even if you live in the United States, you can legally place bets ranging from $5 to $500 at the Iowa Electronics Market, as opposed to online gambling sites.