Political betting is very popular and bookmakers create markets for political events that take place all over the world, with UK operators putting particular focus on issues at Westminster such as the General Election, Next Conservative Party leader and Next London Mayor.
As a General Election in the UK approaches, several betting markets start to emerge from the top bookmakers, with customers able to vote on which party will land the most seats at the next British General Election. It appears to be a straight toss-up between the Labour Party and Conservative Party as far as the next election is concerned.
If you’re far ahead enough, you can also bet on the year of the next General Election and it doesn’t appear that David Cameron will be calling an election any time soon, with odds of 1/4 available that 2015 or later is selected compared to 2013 and 2014.
When we get closer to the election, there will be betting on individual seats and you can also predict the number of seats each party wins. There will also be odds on how big a majority the Labour or Conservative Party might land, something which is always open to big speculation.
The same type of betting markets are offered when it comes to the US Presidential Election, with Barack Obama punters having triumphed on the past few occasions and many people made money from backing Obama to become the Democrat candidate a few years ago when he beat favourite Hilary Clinton.
You can also bet on the General Election when it takes place in a host of other countries all over the world including Germany, France, Italy, Spain and Australia. There is the chance to vote for which candidate will become the president and there are also betting markets on which party will be the overall winner.
Sometimes a bookmaker will offer odds on political special betting markets such as the next country to be bailed out by the EU, with Greece, Italy and Spain all featuring on shortlists during 2013.