Unlike sports leagues, which go on regular summer breaks, there are no timeouts in politics — every day, we hear the news about some developments in countries around the world that can resolve in one way or another, thus presenting a splendid opportunity for betting.
For instance, the upcoming presidential election in the United States is undoubtedly a very fertile ground for some gambling since it has all prerequisites to becoming the most thrilling political event of the past several years. The political life in Great Britain never quiets down — Brexit alone has generated a plethora of different openings for wagering, but also promises to be rather eventful with the upcoming elections of the Mayor of London and the leaders of all influential political parties.
So, if you have an understanding of the domestic and foreign political developments and perturbations, why not capitalize on that knowledge by betting on the outcome of elections, primaries, nominations, policy-makings, etc. Cryptocurrency is the form of digital money, protected by sophisticated cryptography, that operates on the foundation of one of the most innovative technologies of today — blockchain, which ensured the immutability of all data that gets on the network, as well as the ultimate resistance to cyber-attacks.
By using cryptocurrencies, gamblers will be relieved of the necessity to use intermediaries, such as banks, to deposit or withdraw the winnings. Moreover, certain currencies allow for absolutely anonymous transactions. Besides, whereas it takes up to 78 hours for the money to arrive at a bank account, with crypto, punters will see their digital wallets replenished in a matter of minutes. With 1xBit , you get the chance to actually make money on politicians, and not give it away to them in the form of taxes.
Also, you can bet on all popular sports — and even esports — and play in an online casino while enjoying a multitude of promotions and bonuses, such a massive welcome bonus of up to 7 BTC. Join 1xBit now and bet on the most important events in global politics! Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Betting on Politics — a New Trend in Gambling? This indicated that early voting anti-Trumpers were at least as numerous and enthusiastic as election day voting Trump supporters.
By 7PM eastern time I also saw voting itself had gone smoothly with no election day controversies. When bettors I respect suggested this was another rare Mayweather vs McGregor scenario I was ready to pull the trigger and make a big bet. Not as certain, obviously, but the betting volume is so high and there is so much square and price-insensitive money coming in on Trump that the market price is not at all efficient.
Returns showed Trump was on track to win Florida. However I could see this was mostly due to Cuban Americans in and around Miami which is an isolated phenomenon. I figured the election would be decided by national trends perhaps among suburban women or seniors or black voters. Sportsbet odds quickly came back up to the market so I got the rest of my bets on there.
Stake had the best odds on Biden and I should have bet more there. I ended up mostly on Sportsbet because they credit deposits instantly with 0 confirmation betting. So I knew if I deposited most of my bankroll there I would not miss the price waiting for confirmations.
I mismanaged my balances due to not having planned carefully enough and that resulted in me getting lower odds than I should have. Right after making the bets I had to take my daughter to playgroup. I got back around midnight ET and to my horror I saw that Biden was the underdog! For hours I watched nervously as liberal TV pundits congratulated Trump on a great campaign, talked about the need to reform the Democratic Party and asked how the polls got it so wrong again.
That got more and more plausible and then became probable around AM ET when Biden pulled ahead in Wisconsin and it seemed the same thing was about to play out in Michigan and other states making Biden the favorite again.
Needless to say this had not been another Mayweather vs McGregor scenario. You can see the rest of my big crypto gambling wins and losses here. Pinnacle Sports says this was the biggest betting event in history! It was certainly the biggest in my betting career. Read more about the rise of political betting — consequences and the roll of crypto. It will have to be either when the electoral collage vote is final or after inauguration.
I am sure Pinnacle support have the answer ready to copy and paste for you. Thanks a lot for your sharing man! You offer fantastic value. Also, cheers on the win!
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