Presidential Election. The 60th Quadrennial U.S. Presidential Election runs on November 5th 2024. BUSR has the latest odds for all potential candidates (including a few names that may surprise you). All data will be updated throughout the many midterms, scandals, and surprise announcements that are sure to come between now and election night. Online election betting Australia sites therefore provide a range of eventualities, with federal election betting odds, for punters to bet on. The options available include overall results such as an outright win for either party, whether a coalition could be formed to provide a government, or whether there would be a hung parliament, for instance.
Online election betting has become an accepted feature of Australian elections these days, and Australians are able to place wagers on their own election results as a form of Australian sports betting.
The two basic factors at play are firstly, a natural urge to place a bet on current events and in particular sporting results, and secondly, the age-old tradition of betting on election results.
Australia has a predilection for speculating and wagering. A nation of punters, eager to predict the results of sporting events, will naturally feel the need to place wagers on social races, such as elections, too. People have bet on elections for many years. Despite a rather chequered history, this tendency has survived to today, with many people eager to wager on the outcome of elections, and particularly general elections. These days, betting on Australian election results is regarded as simply a form of sports betting. Taken online by a bookmaking industry that realised how much of a market these factors generated, a significant number of Australians enjoy placing wagers on the election results. This Australian election betting action is seen as friendly speculation allowing partisans to intensify the ritual experience of elections.
Best Election Betting Odds
| Rank | Site | AU | Rating | Bonus | Bet |
|---|---|---|---|---|---|
| 1 | Ladbrokes | 5/5 | 100% Match up to $250 | Review | |
| 2 | 4.9/5 | 100% Match |
Online election betting functions in exactly the same manner as sports betting in terms of dealing and interacting with the sports bookmakers’ site. These bookmaker sites provide odds on specific eventualities occurring as a result of the elections. Obviously these eventualities as well as the federal election betting odds offered for them are going to be different for each election, and in fact should be watched carefully throughout an election as they may vary considerably and very quickly during the course of that election too. Online election betting Australia sites therefore provide a range of eventualities, with federal election betting odds, for punters to bet on. The options available include overall results such as an outright win for either party, whether a coalition could be formed to provide a government, or whether there would be a hung parliament, for instance. On occasion there will be an either or situation during an election or referendum. In these situations, when only two options are available, punters will wager on arbitrage sites where one site is ‘for’ and the other ‘against’.
Election Betting – A Competitive Market
The huge online election betting market is highly competitive with bookmakers all seeking a share of this seasonal, yet highly participative online sports betting market. To be competitive sites endeavour to attract punters by offering the best value betting as well as ensuring that punters can deposit money, bet with ease and with all the convenience that the modern Australian online community demands.
Wager with Federal Election Bets!
Most reputable sports book sites offering Australian election betting also offer various other betting markets such as celebrities’ babies’ names, the outcome of TV shows and even the weather. Find your favourite bookmakers’ site right here, sign up today and know that with the modern online and mobile capabilities such as iPhone betting apps, no Australian should ever feel left out of a good wagering opportunity and should have access to a good bet wherever and whenever they need it.
Australians are expected to bet more on the US election than our own NRL and AFL grand finals. So why is betting on politics becoming so popular?
As the world awaits the US election result, an unprecedented number of Australians are emptying their pockets and placing bets on which candidate will secure the presidency.
While betting on the 2016 US election was “popular”, the demand this time around “has been absolutely enormous,” a spokesperson at Ladbrokes told Dateline.
“We have seen an unprecedented level of interest and that includes a number of very big bets,” they said.
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“At this stage, it looks as though we will have more money wagered on the US Election than we did on both the AFL Grand Final and the NRL Grand Final,” they said.
Earlier this month, Sportsbet’s creative director, Rambo Goraya told Mumbrella the company expects the “election to be up there with the Melbourne Cup as our biggest event of 2020.”
Ladbrokes disagrees but claims Australians are gambling more money on the US election than the upcoming Queensland election.
“We held plenty of money on the last federal election, including a $1 million bet on Labor, but the US Election has still been more popular,” they added.
Us Election Odds Australia Today
Along with Ladbrokes, Sportsbet and TAB have been widely advertising their services ahead of the November 3 election.
Sportsbet has been running nightly commercials showing a bright orange cartoon version of the president introducing the ‘Trump Hub’, a place where punters can bet on the president’s activities ahead of election day.
Listed items include whether the president’s face will be added to Mt Rushmore, if Putin will join Trump at a rally or if he’ll replace Ellen DeGeneres as a talk show host.
All three major companies have placed former Vice President Joe Biden as the favourite to win the election.
Along with polls, Ladbrokes says “public forecasts provided by outlets like 538” and “the weight of money for a certain candidate” play a part in determining the odds of the candidates.
But what’s behind the rising interest in US politics?
In the US, it’s illegal to bet on elections but in Australia, political bets have traditionally been seen as a “novelty”, says Dr Sally Gainsbury, Director of the Gambling, Treatment and Research Centre at The University of Sydney.
She says with less sporting events occurring and the closure of gambling venues during the pandemic, their popularity has increased.
“With the traditional things that would normally be happening at this time of year in terms of grand finals, and European or North American Summer sports, there's been a real reduction in opportunities to bet,” she told Dateline.
Dr Alex Russell is a Senior Postdoctoral Fellow at the Experimental Gambling Research Laboratory at Central Queensland University.
He says political betting is a great way to tap into the current conversations and “get people talking”.
“They offer bets on just about anything. They do the same with what colour Scomo’s tie will be during the next press conference or about who’s going to be the next Pope because it’s a point of difference,” Dr Russell said.
“If all they were advertising were sports betting, people would get a bit over it.”
Can bets be more accurate than polls?
The accuracy of polls has been brought into question after the last US election when it was universally predicted that Trump would lose.
A spokesperson at Ladbrokes told Dateline he believes betting odds can be more accurate than polls.
“The betting still had Trump as a big outsider in 2020, but not as much as the majority of polls indicated,” he said.
Dr Russell says while we have an idea that “bookies always get it right,”, that’s not always the case.
Two days before the last federal election, Sportsbet handed out more than $1 million to bidders who thought Labor would win. The Liberal victory in the election meant the betting company ultimately lost large.
In 2016, the company was also forked to pay out $11 million to 25,000 punters who backed Trump in the US election.
Experts say there are also ethical issues involved with betting on an election when there’s a possibility for punters to influence the outcome or in cases where they have insider knowledge.
“One concern is obviously if there's a lot of election betting and the odds are shifting, that can actually have a legitimate influence on how people cast their vote,” Dr Gainsbury said.
Australia’s gambling addiction
Us Election Bet Au
Australia spends more on gambling per capita than any other country in the world and double the average of most western countries, according to Dr Gainsbury.
Dr Gainsbury said the “problem gambling prevalence rate is around one percent but if you include people who are at sub-clinical levels, it's around four or five percent.”
“Australia has a gambling culture. We play Two-Up on Anzac Day and just about every sport match you watch has gambling advertisements all over it,” Dr Russell added.
Australian gamblers are betting more often during COVID-19, according to research released in October by the Australian Institute of Family Studies.
One in three participants of the study signed up for new online betting accounts during COVID-19 as other gambling activities were put on hold.
Lead researcher on the study, Dr Rebecca Jenkinson, said the findings around young men were a concern.
“Increased gambling among young men was often reported to be associated with being socially isolated, bored, or as a means of social connection with friends,” she said.
“On top of this, the easy, 24-hour accessibility of online gambling means young people have been able to bet at any time, any place.”
Dr Gainsbury says gambling stops being entertainment and starts becoming an addiction when people lose control of their spending or there’s an aspect of secrecy around gambling behaviour.
“If you’re concerned about yourself or someone else, you can temporarily block yourself from a gambling website and stop receiving their marketing material, or set a deposit limit,” Dr Gainsbury said.
“If someone is going to be betting on the election and that's all they intend to do, then it's quite useful to delete the app and turn off the marketing,” she added.
“Keep in mind, you should only gamble what you can afford to lose, and that you shouldn't be gambling with the expectation of winning any money.”
The University of Sydney’s Gambling Treatment and Research Clinic has just launched an online self-help tool for gambling problems.
Readers seeking support can contact the Gambling Helpline on 1800 858 858 or Lifeline on 13 11 14.