Political Betting Sites & Odds

Written by: Christian Holmes Fact checked by: Jaclyn Hurst

Last Updated: February 24, 2025

The rising interest in political betting has significantly contributed to the growing Canadian trend of betting on political events. So, what’s the state of political betting in 2025? Where can you find the best political betting odds and where can you get in on the action from Canada? Let’s dive in!

2025 Canadian Election Odds

By Kira Keir on February 04, 2025

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Best Political Betting Sites

How to Read Political Betting Odds

Generally speaking, the “-” indicates the betting favourite while the “+” indicates the underdog. Odds are based on $100 bets. For example, let’s say John Doe’s odds are -125 to win the next election. The “-” indicates that you would have to pay $125 to make $100 in profit. Let’s say Jane Doe’s is priced at +105. The “+” means you would get $105 back on a $100 wager.

If you’d like to convert the betting odds into implied probabilities, you can use our betting odds calculator. Or, if you happen to see odds displayed as decimal odds and want to convert them to American odds (which is what we displayed above and the most common way to view odds) feel free to use our calculator. It saves you time by not having to do the math.

Global Political Betting Opportunities

Election betting is gaining global popularity, largely due to the emergence of prediction markets. These markets operate similarly to stock exchanges, but focus on political events. Participants can invest in the likelihood of various political outcomes. There are, however, rules and concerns about the impact of betting on the integrity of elections.

Attracting a wide range of participants from dedicated traders and political experts to occasional gamblers, this blend of users has contributed significantly to the growing trend of betting on elections. As with major sports betting in Canada, the best political betting sites are quick to open lines and update them as they stay in touch with every major election event happening. We encourage you to keep checking back for up-to-date election betting odds as the campaign trails heat up here at home and around the world.

Canada Election Betting

Prime Minister Justin Trudeau’s resignation has thrown the Liberal party and the Canadian government into a state of uncertainty. Recent polls show a significant dip in his popularity, with Conservative leader Pierre Poilievre gaining a considerable lead. The media indicates Poilievre’s Conservatives are the likely favorites to win the next election. Overall, the Liberal’s chances for re-election appear increasingly doubtful as the Conservative Party holds significant leads.

➡️ Click here for the latest Canadian election odds and dedicated Canadian betting guide.

US Election Betting

American political odds are always hard to grasp. Sportsbooks and the market react to everything, including polling changes, assassination attempts, and poor performances at nationally televised debates. The best time to bet on your candidate of choice is when they hit a “rough patch.” Since the American media is polarized (and somewhat forgetting of past grievances), what was a big deal yesterday probably won’t matter as much as it should today or tomorrow. Almost always, you’ll be able to snag some good value.

➡️ Check out the latest on the U.S. election scene here with our dedicated American betting guide.

UK Election Betting

The next United Kingdom general election is scheduled to be no later than August 15th, 2029. A new general election election can be called earlier than 2029 if the government decides to call one. The UK’s last general election was held on July 4th, 2024 where Labour party leader Keir Starmer was elected as Prime Minister. Starmer won in a landslide but with the smallest share of the electoral vote of any majority government since record-keeping of the popular vote began in 1830.

Though a long way out, here are the odds for the UK’s next general election in 2029 (curtsey of Sports Interaction):

European Election Betting

In the wake of Brexit, the focus has shifted to which country might be next to leave the European Union. Currently, Italy is leading in the odds, reflecting significant speculation about their potential EU exit. Greece follows, with its economic challenges influencing its EU membership stance. Interestingly, the most favored outcome is that no country will exit the EU by the end of 2025, indicated by a -800 probability. These odds, constantly changing with political and public sentiment, underscore the unpredictable nature of European politics.

Political Odds Betting Tips

Despite the differences between politics and sports, the betting principles for both remain similar. Keep in mind these four simple tips before committing to any sportsbook:

1. Don’t Bet with Emotions: An obvious tip, but one that most casual bettors fail to follow. As humans, we can get triggered by emotions like fear and excitement. To minimize these occurrences, avoid betting on a) candidates you love; and b) candidates you hate. Your judgment will be clouded. Instead, do this:

2. Rely on Stats and Hard Data: Yet another basic principle that most players overlook. Yes, numbers only tell half the story, but it is a far more objective gauge than simple “gut feeling”. Reading up on the stats supporting candidates and parties can help you make a more informed choice. But also keep this in mind:

3. Check Your Sources: What recent elections proved was that general news media sources can be terrible sources when predicting polls. Verify the sources you use to ensure they aren’t biased towards a political perspective, are legitimate, and are run by credible people. And lastly:

4. Have a Budget: Called the “Unit System”, it is best to allocate percentages (units) of your bankroll when it comes to betting. A unit usually means one percent of your total bankroll. If you have $1,000 deposited, a unit of this is $10 (1%). Bet between one to five units for most bets depending on the value of the odds.