People all over the world, including Kiwi’s, love to make casual wagers about who will be winning the next big presidential elections globally, whether it be on the fanfare of the US presidential elections, the European or British elections, and obviously, the closer to home New Zealand and Australian betting elections. But it is possible for New Zealand punters to actually win money by placing wagers on election betting odds on these worldwide and important events.
The outcomes do affect the global political scene, hence global interest in them. If you find that you often guess the winners of political races correctly, then this should perhaps be a kind of betting that you consider, whether you are into sports betting or not.
These days you don’t have to go down to a local bookmakers’, but you can place wagers on election betting odds by joining online sportsbooks. They also offer apps on all the smart phones available, iPhones, Android and those with Windows OS, as well as the original sites available on your PC or laptop, and on any tablet.
The process itself is very similar to placing a bet on any sports, you will be shown the current election betting odds available, and the markets within each event that are available for you to bet on.
Election betting odds, also known as political betting, is becoming quite an emerging and thrilling field in the world of online betting. By following the political news on the television as well as in print media, and also the bookmakers’ expert opinion, the possibilities for winning big money on wagering on the right election betting odds is certainly opening up to those interested in election betting in New Zealand.
For Kiwi punters wanting to play the odds in election betting there are quite a few options available. Punters can engage in arbitrage which will maximise whatever odds they were given in any situation. This translates into backing the candidate while their odds are long, or alternatively betting against them when the odds are short (also known as laying).
To give an example, if you betted on Trump when his election betting odds at the bookies showed him as a favourite, this wouldn’t give you the best options, but if you backed Trump after a particularly negative poll then that would give you what is known as much longer odds. The strategy can be a bit risky, but increases your odds of winning huge profits exponentially.
For those who prefer more lighthearted political betting Australia, you can check out the fun odds which some of the bookmakers have created. You can guess the gender of the next president for example, or whether Kanye West might be the next US president. Australian punters can have no end to the amount of fun and thrills getting involved in election betting odds, but if you follow politics closely then this could be a serious money winning option for you to consider in your spare time. A thrilling hobby indeed!