What UK Politics Betting Events can you Wager on?
The specific political markets that you can bet on will ultimately depend on the gambling site that you sign up with. While some platforms will only offer major markets, others will niche down into more obscure events.
With that being said, let’s take a look at some of the most popular betting UK politics markets being offered by online operators.
Next UK Prime Minister Odds
Make no mistake about it, the Next Prime Minister market is a huge betting event in the UK gambling scene. In fact, as soon as the prime minister has been voted in, online bookmakers will start a new market straightaway.
All you need to do is place a bet on the specific individual that you think will become the next prime minister. For example, if you like the looks of Priti Patel to take over the reins from Boris Johnson at 7/1, a £10 would yield you £70 profit!
Next UK Party
Much like the Next Prime Minister market, British punters are also attracted to the Next UK Party betting event. As the name suggests, you are speculating on the next political party to govern 10 Downing Street.
The market is heavily dominated by the Conservative Party and Labour, as is to be expected.
You need to be clear on what you are betting on when placing party bets. This is because multiple markets exist. For example, you might be betting on Labour winning a majority in the next election, or simply winning the most seats.
Do you remember back in 2015 when Donald Trump infamously locked horns with his Republican Presidential candidates? Well, this is also a hugely popular marketplace in the politics betting markets scene.
Known as the Primaries, you are merely betting on who you think will acquire enough votes to stand in the next USA presidential election. This particular bet type offers tremendous value, not least because the primaries go on for well over a year!
Next US President
Donald Trump defied the odds in 2016 by beating Hillary Clinton for the US presidential elections. Let’s be clear – Clinton was heavily odds-on in the build-up to the vote. As such, those looking to make an easy few quid were subsequently left disappointed!
Leadership Race / Next Party Leader
Much like the US Primaries, there are also betting markets on who will become the next leader of a political party. This is typically split across two key events.
Firstly, you can bet on who will be the next leader of a party – even if the current leader has no plans to step down. This offers you the chance to get a highly favourable price, as you’re potentially placing a bet years before a leader change-over is to occur.
Secondly, you can bet on who is to win an upcoming leadership race. Think along the lines of when Jeremey Coryn won the most party member votes to become leader of Labour, and Borris Johnson with the Tories.
No Confidence Vote Odds
Although more of a rarity in the political gambling space, we do from time-to-time see a no confidence vote in the House of Commons. In fact, it happened with Terressa May in the midst of Brexit negotiations, albeit, she defied the vote to remain in power!
Nevertheless, if a vote of no confidence is to occur, the markets rarely have more than a few days to set up a market. As such, you’ll need to get in quick!