How to make money in political betting?


g20 foto

Ever since a man named David Threlfall bet £10 that a man would walk on a celestial body before 1970 at odds of 1,000/1 back in 1964, novelty bets have been gaining in popularity, with novelty markets now offered at all major bookmakers. And while people continue to place wagers on prime time TV shows and current affairs, political betting has somewhat surprisingly caught on among punters from all over the globe. After both EU referendum in the UK and 2016 US Presidential Election attracted huge volume of bets, we felt the need to try and give you some pointers on how to make money by betting on political events.

Backing the underdogs could pay off

If you are one of those bettors who enjoy backing the underdogs in sporting events, then you should definitely deploy the same strategy when betting on politics. Brexit and Trump victory in the US election serve as a reminder that even the bookmakers can be wrong at times, as eventual winners had been considered long shots when the markets opened. The odds on both kept shortening as punters started to realise that numerous polls and predictions might not be spot on, resulting in bumper payouts for those who had backed Leave and Trump.

Place your bets early on and lock in the profit if possible

Those punters who placed their bets early on Leave vote in the EU Referendum and Trump in the 2016 Presidential Election must have been happy to see the market move in the desired direction as their winning chances kept increasing by the day. What it meant is that due to a considerable shift in favour of the outcome they had backed, the punters had the opportunity to basically cash out before the final event and secure nice profits without worrying about the final outcome. Rather than taking the risk of losing their original wagers, some decided to cash out and this tends to prove a good strategy to end up on the winning side whatever happens.

Don’t trust the media hype

Even though all the polls and media reports predicted landslide wins for their opponents, Brexit leaders and Donald Trump proved the mainstream networks wrong, as it turned out that things did not go according to plan. For one reason or another, the media tend to side with more popular and what they believe is the stronger contender, and they keep hyping them up in the build up to the main event, making people believe there is no way their beloved candidate would lose. However, that at times have just the opposite effect as people get angered by the reckless disregard of the truth and decide to vote for the underdog. Also, the more popular candidate in the media is not necessarily the more popular among the common folk, so you are definitely better off listening to what the persons around you are saying than believing the media hype.


Best 10 New Bookmakers

£100 SIGN UP HERE

New players only | Maximum bonus is 100% up to £100 | Min. deposit is £20 | No max cash out | Wagering is 35x bonus | Maximum bet with an active bonus is £5 | Skrill & Neteller deposits excluded | Cashback applies to deposits where no bonus is included | T&C's apply

£50 SIGN UP HERE

Full T&Cs apply. New UK customers only. The qualifying bet should be either a Single or Acca (2+ selections) bet, start at £10, have 1.9 or greater odds and must be settled within 7 days of sign-up. 5 Free bets which must be placed with a min odds of 2 include: 1 x £10 Free bet on any Pre-match Football game (single); 1 x £10 Free Bet for Horse Racing (single); 1 x £10 Free Bet for Acca (min 2 selections) Bet on any sport; 1 x £10 Free Bet for Acca (min 3 selections) Bet on any sport; 1 x £10 Free Bet for Acca (min 4 selections) Bet on any sport. Max payout – £500. 7 day expiry. To unlock the offer, complete the first deposit via the banking app (Open banking). 18+. BeGambleAware.com

£40 SIGN UP HERE

New customers only. 7 days to place a qualifying bet to receive 6 x Free Bets: 4 x £10 Horse racing, 2 x £10 Acca Free Bets. 7 day expiry. Exclusions apply. Stake not returned. T&Cs apply. 18+ begambleaware.org

0 SIGN UP HERE
£10 SIGN UP HERE
£20 SIGN UP HERE

Place a qualifying £10 fixed odds bet at odds of 1/2 or greater. No in-play or cashed out early. A first free £10 fixed odds bet will be credited upon settlement of the qualifying bet. Second free £10 fixed odds bets will be added on the following day. Free bets must be claimed within 28 days of opening. Free bet stake not included in any winnings. Ts&Cs Apply. 18+ begambleaware.org

£10 SIGN UP HERE

Add a bet to your betslip with the minimum stake of £10 and tick “promotion opt in” on the betslip before placing your bet. Once accepted we’ll credit you with a £10 free bet. Minimum odds on qualifying bet 1/1 (2.0). Your qualifying bet must be placed within 7 days after claiming the offer. Ends 31/12/24 at 23:59 GMT. Full T&Cs Apply.

£30 SIGN UP HERE

18+ New customers only. Opt in & bet £10+ on any sports at 2.00+ odds within 7 days. Get 6x £5 Free Bets on selected markets. Free bets expire in 7 days. Card payments & Apple Pay only. T&Cs apply. GambleAware.org | Please gamble responsibly

£111 SIGN UP HERE

#AD 18+, New customers only, min deposit £10, wagering 60x for refund bonus, max bet £5 with bonus funds. Free Spins bonus has x40 wagering. 23 free spins on registration (max withdrawal is £100). 100% refund bonus up to £111 + 77 spins on 1st deposit. No max cash out on deposit offers. Eligibility is restricted for suspected abuse. Ecopayz, Skrill or Neteller excluded. Full T&Cs apply.

£10 SIGN UP HERE

New customers only. Sign up using the promo code NBS10. Place a min. £10 bet at odds of Evens (2.0) or greater and receive a £10 Free Matched Bet. 18+ BeGambleAware.org. Full T&Cs apply