Unlike sport where if you aren’t a fan you just don’t have to watch it, politics are unfortunately for the most part completely unavoidable, and effect our lives whether we like it or not.
Sport’s betting isn’t in fact all that different from political betting as the decision making process will run a similar course: take a look at the competitors, do some research, review future odds and past handicaps, and make a decision.
While New Zealand offers a stable political environment for the most part, we are most certainly living in a very interesting age when it comes to politics on a global level, and people are more in touch with happenings around the world than even before, with the help of popular 24 hour news channels such as CNN and online news resources. This is where political bets come to the fore and has become a feature on many of the major online sportsbooks in this modern era.
Types of Political Bets
Most Kiwi punters, and the world alike, never thought they would live to see the day when a businessman most well-known for a reality TV show and gold-clad living quarters rose to the highest ranks of political office in the US, but politics can evidently often take a rather surprising turn. This is why political bets have become so popular around the world, and bets can be placed on a wide variety of events.
Most online sports betting sites divide their political wagers into country, and once a country has been selected, punters will generally have an array of bets to choose from. The most popular types of political bets always surface around major elections, and throughout the campaign process as candidates are whittled down to the last standing. Most countries who participate in democratic elections will have two major parties that are considered most likely to win, and lucrative odds are often presented on these types of wagers. While election wagers are very popular, there are also special wagers available to choose from, such as when a President will visit another country, or if it’s a particularly controversial selection, whether they will serve their full term as President.
Years Ahead of Time
One of things that make political bets so exciting is that wagers can be placed many years in advance. When a new President or Prime Minster is elected in a given year, wagers can be placed 4 years in advance as to whether they will be re-elected for another term. Of course, this can be a long time to wait to see any winnings, but there are always a wide variety of other political happenings for betting opportunities, and getting in early on the action will never count in a bettor’s disfavor.
Online Bookmakers for Political Bets
Punters in New Zealand will unfortunately at this time find that the only authorized online bookmaker doesn’t offer wagers on political events, but this may change in due course if media reports are to be believed. The betting industry in New Zealand is strictly controlled by the Department of Internal Affairs, and while there are over 600 TAB outlets across the country, there is only one authorized online bookmaker. Fortunately for Kiwi punters, many offshore bookmakers have now opened their doors to live AFL betting wagers from New Zealand, so there are plenty of opportunities to place political bets.