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ToggleEverybody is anxious for what’s to come for the United States of America (USA). It’s the presidential election once again and the people decide who claims the reigns of power for the next four years. Make it fun with betting so it’s more exciting than anxiety-inducing! That’s possible because crypto betting sites now offer markets for political events! The hottest topic lately is the US election 2024 between incumbent Vice President Kamala Harris and former US President Donald Trump. Both sides have a platform revolving around the future of crypto in the country and this drew the attention of investors and traders alike. It’s no surprise that the best platforms for betting on the 2024 election accept crypto payments. If all of these sound like something you’d enjoy, then now’s the time for you to check out crypto elections betting. Here’s the ultimate guide to help you get started:
How does crypto elections betting work?
Crypto elections betting works in the same way as betting on sports. As the election day draws closer, betting sites offer a list of predictions on political outcomes and you can place bets on any of them. If your prediction is correct, then you win back your bet with profit based on the selection’s odds. Here’s a quick step-by-step guide to help you understand how online betting politics works:
- Create an account on the bookmaker of your choice, or log in if you already have one.
- Make a deposit to build your betting bankroll using your preferred currency.
- Go to the tab for politics betting and look for the ‘US Elections 2024’ category.
- Choose an outcome from the available markets.
- Finalise your bet in the bet slip manager and wait for the outcome.
Keep in mind that your winnings will be paid out in the cryptocurrency you used to bet. This means if you want to win Bitcoin (BTC), then you should deposit that to your wallet on the political betting website. The same applies to other assets like Ethereum (ETH), Tether (USDT), and Ripple (XRP). Some political betting sites accept lower denominations for Bitcoin like milliBTC (mBTC).
Understand the odds in crypto election betting
The odds determine your potential payout. Calculating how much you’re going to win is often an automatic step in this process. Most of the time, you can select a prediction and the bet slip menu will show you a preview of how much money you’re getting. This process helps a great deal in deciding what kinds of risks to take and how much to stake. If you want to know how it works, it depends on the odds format. Here are three of the most commonly supported formats and how they work in crypto elections betting:
- Decimal odds: It shows how much you’re winning in profit and your ante back.
- Decimal odds payout = ante + (odds x ante)
- American odds: This shows how much you’re winning on a $100 bet on the underdog or how much you should stake to win $100 on the favourite.
- American odds payout on the underdog = [ante x (odds / 100)] + ante
- American odds payout on the favourite = [ante x (100 / odds)] + ante
- Hong Kong odds: It only shows your potential profit while the ante you win back goes straight to your account balance.
- Hong Kong odds payout = odds x ante
These odds formats work the same way for all sports bets on the bookmaker. Use these as a reference if you want to make quick informed decisions in betting sites US election while skimming over a large list of markets.
Criteria in selecting the top election betting sites
The internet hosts hundreds of sportsbooks that are also US presidential election betting sites. Even those that don’t typically offer betting markets for politics can update their services to be one of your options. With so many options, it’s important to focus on choosing one reliable platform. Here are some criteria to help in selecting the best US presidential election betting sites for you:
Adoption of crypto payment methods
If you are specifically looking for features that support and enrich crypto gambling, then you must find platforms that revolve around it. The website doesn’t need to support too many cryptocurrencies. They just need to accept the basics like BTC, ETH, and USDT while also being open to expanding their selection in the future. Other good digital assets a sportsbook should support are Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE). These are highly traded assets with a booming economy. BTC, ETH, and USDT are more highly sought-after so they’re almost always supported, especially when it’s a bookmaker that isn’t fully dedicated to crypto.
User experience for comfort and accessibility
Being a legitimate service provider isn’t enough. You deserve the best service as a paying customer and that’s why you should limit your options only to websites that can guarantee comfort and convenience. Judge these metrics by experiencing the platform yourself. Visit the bookmaker and see if there are lags, broken links, or access restrictions. Also, pay attention to the promotions, as they are also important factors in your enjoyment. Look for bonuses and rewards that match your betting style and enhance your overall experience. Avoid bonuses that force you to play differently from how you want to and opt-in offers that encourage your style of betting.
Variety of options in betting markets
Narrowing your bookmaker options to those that offer US presidential election betting markets is already a good filter. Further cutting down your options to which website gives you the most betting type variations is even better. Variety is essential to the overall gambling experience because it keeps online betting politics exciting.
Competitive odds to ensure big payouts
All sportsbooks typically offer odds in formats like the decimal, American, and Hong Kong. Some betting sites on US election could support even more to cater to all kinds of gamblers worldwide. However, they can offer different payout sizes, making the same bet on a different website guarantees a bigger payout. This happens because all sportsbooks have dynamic odds. They change with a variety of factors, including users’ activities on the platform. You should always make the bet on the gambling platform that promises the biggest payout and that’s why you compare their odds.
Transaction reliability and speed
When betting with real money, for crypto and fiat, it is always risky when depositing on a platform you don’t trust. That’s why you should only ensure safe US election betting by choosing highly reputable bookmakers. Big brands tend to be the most careful about this issue and they tend to have the resources necessary to use in fixing any concerns. Having no history of transaction errors is ideal but almost impossible for services that have been running for at least a decade. If that’s the case, at least inspect their protocols for fixing such issues via their security policy. Consult other users and see what they have to say about their experiences with the bookmaker.
Data protection and privacy policy
When joining an online service, safeguarding your personal information is critical. Most of the time, bookmakers ask for email addresses and names to comply with payment providers’ know-your-customer (KYC) protocol. If you don’t trust this system, then opt for crypto political betting sites that don’t require it. If you’re fine with providing sensitive details, then at least study the bookmaker’s data protection and privacy policies. You can find dedicated pages to these topics. If there are none, then you can find them as sections explored in the general terms of services. Join the bookmaker only if you agree with the declarations provided.
Reliable and responsive customer support
The ideal user experience is to never need customer support in the first place but safe is always better than sorry. For this case, you should clarify the means to contact an agent to represent the company operating the bookmaker. Two popular channels in this industry are chats with 24/7 live service and email addresses. If you like to make inquiries to clarify certain services and conditions but don’t need an agent, then you should also check out bookmakers with bot-operated chats. These can give you quick links to answers to your queries or have artificial intelligence (AI) generate a brief answer for you. You should still see how to connect with an agent, just in case you need them in the future.
Availability of helpful guides and market analysis
All you ever really need in an online betting site are the markets, odds, reliable payment options, and competitive odds. However, the best political crypto betting websites go further beyond and give you services to improve your experience as a customer. This includes publications of guides and data analysis via blogs, articles, or research papers. It’s like having someone else do your homework for you. If you have access to this information, then you can make guided bets. Platforms that do this for politics also publish news on sports and crypto alike. Thus, you can also get regular reading materials on the same website where you bet on event predictions.
Community engagement through promos and content
Community engagement is a strong indicator of the bookmaker’s commitment to its user base. You can see this in forums where they answer posts in public or on social media where they respond to replies and reposts. Regular activity is a good sign of a healthy business operation and that’s why you should only trust companies you can see interact with their community.
Top crypto betting sites for the 2024 us election
When it comes to the best US presidential election betting sites, a handful of platforms truly stand. These sites not only meet the essential criteria but also go above and beyond to offer unique features and user-friendly experiences. Here, are the top five websites for crypto betting on the election 2024:
Sportsbet.io
If you want a one-stop shop for everything related to crypto betting, then Sportsbet.io is a great platform to start with. The bookmaker launched in 2016 and has undergone many changes since then. That led Sportsbet.io to become the comprehensive bookmaker you know today. Sportsbet.io offers quality-of-life systems like the market filter and data analytics chart that you can use for glancing over quick references. Sportsbet.io also has an extensive betting market for the US elections on top of that. The Sportsbet.io gambling platform emphasises soccer but it also often offers promotions for all other categories. It is the best political crypto betting website because its quality features make it the best crypto betting platform for US election betting. You can earn lots of cash rewards from deposit bonuses and cashback rewards to help build your bankroll for all bets.
BC.GAME
BC.GAME is fairly new having only been established in 2017 but it is the most promising betting platform for crypto betting because of its dedication to the full decentralised experience. What makes it stand out is the brand’s stellar community engagement and support for faster crypto transaction channels. BC.GAME is also noted for its dedication to providing the most competitive betting odds in the US presidential election, ensuring rewarding payout for bettors. One of the rare advantages you can find in BC.GAME is mostly decentralised service. You can claim bonuses that require no KYC, removing the risk of a data breach on a betting website.
Stake
Stake is undoubtedly the biggest brand on this list. It is a reputation they earned for their strong and strategic marketing via partnerships with big entities in the sports and entertainment industries. This skyrocketed their popularity against its contemporaries even though it’s also newer than most crypto betting sites. The dedication towards the 2024 US presidential election betting is worth appreciating for bettors. Stake offers a wide range of betting markets for who wins the presidency as well as the positions in the Senate, congress, and niche positions in the House. Stake supports fewer crypto than either Sportsbet.io or BC.GAME so the deposit options are limited. However, the site focuses primarily on security and convenience in its services. That’s why Stake is earning a reputation as the bookmaker that inspires the most confidence in users.
Boomerang
Boomerang is the newest bookmaker on this list because it has just launched in 2024. The website focuses on user-friendliness first and foremost. The platform’s streamlined design keeps things simple, avoiding an overload of promotions and offers, and making it easy for bettors to navigate and place bets quickly. There are still fewer supported crypto in Boomerang but the bookmaker shows interest in expanding its payment methods. For now, the sportsbook wishes to emphasise their innovation on security and services for making the US presidential elections betting more user-friendly.
Cloudbet
Cloudbet is the oldest bookmaker on this list because it first launched in 2013 and is one of the first betting websites to accept Bitcoin payments. It’s a merged service of casino and bookmaker. Cloudbet provides a balanced emphasis on both platforms to give you a reliable all-in-one crypto gambling site. One of the key advantages Cloudbet has as an older brand is having more experience in the online betting industry. They have more supported crypto payment options than each of the other entries on this list of recommended betting sites. Your betting sessions on the 2024 US elections are guaranteed to be user-friendly thanks to years of improved quality of life.
Popular betting markets for the US Election 2024
Head over to the politics tab on the bookmaker and look at various types of predictions you can make for the US election betting 2024. The options deviate from sports and esports because politics are completely different matters. It is still a competition where there is a definitive winner at the end of the day and that’s where you’re putting your money this time. Here are the betting markets US election offers in a sportsbook:
Presidential election winner
The most prominent market for US election betting 2024 is predicting the next president. The two main contenders are former president Donald Trump of the Republican Party and current Vice President Kamala Harris of the Democratic Party. Third-party & independent nominees are also included in the outcomes. Whoever wins becomes the president of the United States of America for the next four years. Remember that betting on this market does not count towards voting in the election. Therefore, your bet can be politically detached where the only motivation behind your choice is the risk and payout of that wager. It’s also important to note that the betting odds on the sportsbook only adapt to what’s popular among bettors on the same platform. This does not reflect the consensus of voters or all bettors on all political betting sites. Also, consider that a large population of voters aren’t also betting on the results of the election so the odds are not parallel with the voting results.
Party control of the senate
In the upcoming US elections, you can place bets on which party will control the Senate. It comprises 2 from each of the 50 states in the USA, reaching a total of 100. The outcomes you can bet on and how they win are as follows:
- Democratic majority: There are more Democrat senators than Republicans.
- Republican majority: There are more Republican senators than Democrats.
- Split control: The Senate consisted of equal numbers of senators from each side.
Remember that there are independent and third parties also running for government positions. The Democrats and Republicans are simply the two dominant parties in the United States. These minority groups can also win seats in the senate but the party control market is dependent on the majority parties’ dominance in the election.
State-by-state outcomes
There are 50 states in the US and each one hosts their elections in November. They also tally their ballot counts and then add them towards the Congress’ vote count in January 2025. State-by-state outcomes are a market where you can conduct US presidential election betting on a smaller scale for individual states.
Popular vote margin
The popular vote margin market lets you place a bet on every candidate in over/under outcomes in percentage. This also counts the minority leaders but their margins will be far lower than that of the majority leaders. Other variations of popular vote markets can be about exact margins, but that’s a more difficult prediction to bet on.
Head-to-head matchups
The head-to-head matchup is betting on two competing sides, barring all other candidates in the election. For instance, you might wager on a direct contest between former President Donald Trump and Vice President Kamala Harris. Possible markets to be included are winners by state electors, handicap betting, and more.
Rewards and bonuses for betting on the us elections 2024
Most online bookmakers consider bets on the betting markets US election as sports bets. For this reason, you can use betting rewards from bonuses and promotion programs as you normally would in other markets. One of the most versatile options is cash bonuses which are functionally like your bankroll funds but they come from special offers. Examples of promotions to look forward to are cashbacks, rebates, and giveaways. You should also keep an eye out for special offers. The United States presidential race is a major event that the whole world pays attention to. It wouldn’t be surprising if any casino brand promotes their platform to bettors by offering special deposit or referral deals to give rewards you can use for US election betting.
Tips on how to stay updated on the US election betting odds
Just like with sports, the election betting odds are based on statistics analysed with insights from many experts. However, you have one distinct advantage over sports betting and that’s democracy is inherently a numbers game. The news will tell you what to expect in the upcoming elections through statistics and popularity polls. What’s important is that you know where to focus and what kinds of information to pay attention to for a nuanced understanding of the presidential election. Here are some tips to help you stay updated:
Read up on polls and statistics reports
Popularity votes or polls are conducted regularly to keep track of the political landscape. Everyone desires a forecast, especially when it’s concerning politics. Even if you don’t particularly follow the news or people’s discourse on social media, polls’ results can get you up to speed with current events as digestible reports. The organisations conducting these polls can summarise their findings in general numbers. For example, they can put together individual answers regarding economic concerns or foreign affairs and which candidate they are more likely to side with. Most of these are generalisations of various answers for easy reading but they also often share details should you need them.
Stay updated with news on the candidates’ debates
The election candidates host debates to address various matters and how it goes can create a big shift in the direction of public opinion. It’s easy to watch them because every mainstream news media outlet wants to cover it. Thus, you’re never without options to watch the presidential debates for free. If you don’t like watching hours-long debates live or can’t make time for it, then you can always look for summaries on the internet. News outlets are condensing them into easy-to-digest reading materials and the public will reference them on their posts for the next few weeks. These are all legitimate sources for news updates on public perception of the candidates.
Keep an eye on swing voters and their reactions
Swing voters refer to the demographics of voters who are not strictly loyal to any political party. They are the definitive population who can largely affect which political party will win the presidential election. They are not beholden to ideologies or allegiances. Instead, they are detached from the politicians and are openly concerned only for the state of the country as it affects them. For this reason, they are the most affected population by the priorities and plans of the running candidates. Anything that the politicians say will elicit a reaction from swing voters and that can be your clue to predicting who is the more likely winner.
Responsible gambling
The US election betting sites are legally bound to follow policies and regulations imposed on all forms of gambling. That includes clarifying the extent of the gambler’s and the company’s responsibilities. Services to impose limitations on gambling activities should also be available should the customer request it from the support team. If you wish to clarify what you and the bookmaker are responsible for, then read through the general terms of services. It should include binding declarations, an explanation of terms as used in the document, and the extent of elections gambling as a service. The sportsbook upholds all responsibilities of a betting website and will act within the expectations of its licence providers.
Frequently asked questions
Learn more about the US election 2024 betting from these frequently asked questions:
What are the best crypto betting sites for the 2024 US election?
The best crypto betting sites in the 2024 US election are those that offer top-tier promotions and operate with the proper licence. Sportsbet.io, Stake, and BC.GAME are among your top choices.
Where can I bet on the election in 2024?
The US Court of Appeals ruled to allow betting on the country’s election outcomes for online gambling platforms. Some of the best spaces you can find are Sportsbet.io, Stake, and BC. Game. Other promising betting platforms are Cloudbet and Boomerang.
How does crypto elections betting work?
Crypto elections betting follows the same structure as with any type of wager. The first step is to deposit cash in digital assets, and then use them to pay a game’s ante. You only win the currency you used to bet so stake Bitcoin (BTC) if you want to win that asset.
What are the most popular betting markets for the 2024 US election?
The most popular betting market in the 2024 US election is the winner for the presidential position. Former President Donald Trump and Vice President Kamala Harris are the top candidates for the position in popularity polls.
Can I use cryptocurrency for election betting on all sports bookmaker sites?
No. Some bookmaker sites are licenced to host 2024 US election betting but do not accept crypto for bets and payments. If you wish to bet using cryptocurrency, then you have to sign up at a dedicated crypto betting website.
Can I win real cash from betting on US elections?
Yes. You will need an account to have a wallet and money to deposit to become eligible for withdrawing your winnings. There are conditions you have to meet to do that which can be different per bookmaker.