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Political Prop Bets Guide

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Betting on United States politics is as old as the country’s founding in 1776, and midterm, primary and presidential election odds have often drawn the most action from people who want to bet on 2024 presidential candidates they believe will win at the ballot box.

Recently, proposition wagers or “prop bets” on political events have become increasingly popular as betting sites and prediction markets look to provide odds and lines during the two-year drought in the time between major elections.

Some political prop bet examples include: Will President Donald Biden be impeached? How many times will Trump tweet this week? Which Democratic candidate will get the most speaking time at the debate? If you think you know the answers to any of these, then you’re halfway to making a profit from things politicians say or do—the other half is voting on where you’ll place the winning wager.

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    Best Political Prop Betting Sites

    Site NameCurrent BonusAgeU.S.Visit Site
    Top Rated #1 IconBovada Sportsbook50% Max $1,00018+USA Players Legally AcceptedVisit Site Review
    2MyBookie Sportsbook50% Max $1,00021+USA Players Legally AcceptedVisit Site Review
    3BetUS125% Max $3,12518+USA Players Legally AcceptedVisit Site Review
    4xbet logo50% Max $50021+USA Players Legally AcceptedVisit Site Review
    5Betonline Sportsbook50% Max $1,00018+USA Players Legally AcceptedVisit Site Review
    6sports betting logo50% Max $1,00018+USA Players Legally AcceptedVisit Site Review

    Is It Legal To Bet On Political Props?

    Yes, betting on politics is legal in the United States, which applies to all political events. There are no state or federal gambling laws that prohibit you from using political betting sites in other jurisdictions for wagering money on prop bets, trading on prediction markets, or betting on the 2024 presidential election odds.

    While many states provide legal sports betting opportunities, domestic sportsbooks do not offer political betting odds of any kind, even though there are no regulations saying they cannot. That leaves offshore sportsbook sites as the best option for Presidential prop bets.

    2024 Political Prop Bets

    US Presidential Election 2024 - Winning Party

    • Republican -120
    • Democratic +105
    • Any Other +3000

    US Presidential Election 2024 - Party Of Popular Vote Winner

    • Democratic -240
    • Republican +205
    • Any Other +3000

    Popular Vote Winning Margin

    • Democrat Win - 0.01 To 5% Margin -220
    • Republican Win - 0.01 To 5% Margin +315
    • Democrat Win - Over 5% Margin +500
    • Republican Win - Over 5% Margin +1500

    What Are Political Prop Bets?

    Online sportsbooks, such as Bovada or BetOnline, regularly offer political prop bets alongside their offerings for election futures and other odds, such as Supreme Court odds, impeachment odds, or indictment odds for political figures. Similar to betting lines for sports, prop bets on politics can be in the form of moneyline, over/under, and even a point spread (which will typically be something like a margin of victory in a specific state).

    Betting on political props at a sportsbook requires you to wager a certain amount to receive a specific payout, which is all based on the odds set.

    Example: How often will the candidates say “impeach” at the debate?

    • Over 30 times +100
    • Under 30 times -130

    For the example above, betting on the “Over” is a 1-to-1 payout since the odds are set at +100 or Even. A $100 bet would win $100 for a total of $200. For the “Under,” the odds are minus, which means more money must be “at-risk” since it’s more likely to occur. As a result, a $130 bet wins $100 for a total of $230.

    The key advantage that sportsbooks have over prediction markets is that they can offer much higher limits or outright have no limit at all. Additionally, because oddsmakers don’t adjust the odds on prop every time a wager is placed, there’s a much higher chance to find value on the board at any given time.

    Political Prop Bets vs. Political Futures

    Gambling money on props differs from political futures because it’s more of a “side bet” based on either the occurrence or non-occurrence of a specific event rather than the outcome itself, like with futures.

    Here’s an example: You’re probably familiar with Super Bowl prop bets, which annually have odds posted on the “number of songs played at halftime” and “Gatorade color poured on the winning coach,” among many others.

    Although these things will happen during the big game, they ultimately do not determine which NFL team wins the Super Bowl and lifts the Lombardi Trophy.

    Prop betting works the same for politics. Odds for “who will win the popular vote” and “how many times will Trump post tweets during the week before an election” belong in the prop bet category because they ultimately do not determine a winner.

    Betting on who receives the 270 electors of the 538 total in the electoral college for the general election is not a prop bet because it directly determines which candidate wins the general election and becomes the President of the United States.

    Examples Of Political Props

    We’ve included several political prop bets that have previously been offered at sportsbooks and prediction markets so you can better understand what kinds of possible occurrences are regularly available to receive prop betting action.

    The possibilities for props are literally endless when it comes to politics, so needless to say, the oddsmakers and markets like to have some fun with their offerings.

    Mobile Political Betting Apps For Props

    Mobile sportsbook applications are responsible for a larger chunk of the overall betting market with each passing year.

    The online election betting sites we recommend above port their services to Apple and Android devices via onboard web browsers and do not require any download to access the latest political prop bets.

    Using any up-to-date iPhone, iPad, or Android smartphone or tablet to click on the political sportsbook lines within this guide and your web-ready device can bet on political props from just about anywhere inside the USA.

    Live Betting On Political Props

    Because political prop bets take action until a definitive conclusion is reached, or the odds are removed by the sportsbook - whichever comes first - all election props qualify as live betting.

    Political props can remain on the boards well after votes are cast as the outcome is not conclusive until it is announced officially. As long as the online election betting site still has the prop posted, in-play odds are still live and available for placing a wager.

    Prediction Markets

    If you like investing or trading stocks, you might prefer prediction betting markets, like PredictIt, for example, over a traditional sportsbook. Most props in the market require you to invest a certain amount of cents per dollar on a “Yes” or “No” question, while other propositions give you a range of possible answers that could payout.

    Since prediction betting sites base their odds on supply and demand economics, a stock's price is determined by its market value at a given point in time.

    Example: Will a candidate’s average RCP polling numbers increase after the debate?

    • Yes 40¢
    • No 60¢

    With the market’s political props, the key difference is that your investment is subtracted from the amount paid out. The winner receives 100 cents for each dollar, so the “Yes” would be 40 cents on the dollar and would profit 60 cents for each dollar invested if it's the correct outcome. Investing 60 cents on the dollar for “No” has a higher cost because it’s more likely to happen and returns 40 cents on the dollar for winning.

    The advantage over sportsbooks is that the market value for props fluctuates on a daily basis, which could be used to your advantage if you’re someone who likes to strike when the iron’s hot. However, the downside is that because prediction sites in the US operate as a non-profit for research, they limit the amount anyone can invest (Ex. PredictIt has $850 limit for any contract) while sportsbooks will have limits between $1000 and $5000 or have no at all.

    Additional Resources:

    Political Betting News