Political wagering, betting on the outcome of federal, general and presidential elections, has become very popular in recent times. The scope of this trend is significant. Election odds have become an alternate and accurate model for predicting the results of political elections. Many people now view political odds as a more reliable source of national opinion than public polls and econometric models – and they are willing to bet on it. IASbet offers competitive and comprehensive election betting markets on all significant world elections.
Australian Election Betting
The Australian government is dominated by two political parties, the Australian Labour Party and a Coalition (National Party of Australia, Liberal Party of Australia and Country Liberal Party). The federal legislature, called the Parliament of the Commonwealth of Australia, is made up of two chambers – the House of Representatives and the Senate.
US Presidential Election Betting
The 2004 American presidential election was the most bet on election in history. The next vote, scheduled to be held on 4 November, 2008, is set to be no less enticing for Election punters. The 2008 US presidential elections will decide the 44th President of the United States and the 47th Vice President. It will be held consecutively with the 2008 Senate elections, House of Representatives elections and gubernatorial elections. IASbet offers US Election betting odds on the winning Democratic Party Candidate, the winning Republican Party Candidate and the winning party.
IASbet offers betting odds on Democratic Presidential candidates
Hillary Clinton, Barack Obama, Al Gore, John Edwards, Joe Biden, Bill Richardson, Tom Vilsack, Wesley Clark, Tom Daschle, John Kerry, Russ Feingold, Howard Dean and Mark Warner.
IASbet offers betting odds on Republican Presidential candidates
Rudy Giuliani, Fred Thompson, Mitt Romney, John McCain, Mike Huckabee, Newt Gingrich, Ron Paul, Condoleezza Rice, Sam Brownback, Arnold Schwarzenegger, Chuck Hagel, Bill Frist, Jeb Bush, Rick Santorum and Duncan Hunter.
UK General Election Betting
United Kingdom politics is primarily lead by two political parties, namely the Labour Party and the Conservative Party. Legislative authority lies in both the government and the two chambers of Parliament, the House of Commons and the House of Lords. The entire UK political systems operates under a constitutional monarch in which the Monarch reigns as head of state and the Prime Minister is the head of the government. UK Elections work on a first-past-the-post-system (plurality voting system). This basically means that the winning candidate is determined by the most votes in each individual constituency and not by the overall majority vote.
According to law, General Elections in the United Kingdom must be held once every five years. The last UK General Election was held on 5 May, 2005, therefore the next election must take place no later than 3 June, 2010. All indications are that Gordon Brown, British Prime Minister and leader of the Labour Party will call for the next ballot in 2009 to coincide with the European Parliament elections, as well as local elections in England and Northern Ireland. Labour faces stiff opposition from the Conservative Party, led by David Cameron. There are numerous smaller parties in the British Parliament, most notably the Liberal Democrats (a coalition of the Liberal Party and the Social Democratic Party). IASbet offers UK General Election betting odds on the winning political party.
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