How to Bet on Presidential Elections with Bitcoin
Presidential elections are one of the most exciting events for bettors. Read on to learn how to bet on presidential elections with Bitcoin.
Table of Contents
- What is Politics Betting?
- The Presidential Bet: How to Bet on Presidential Elections
- How to Bet on Elections with Bitcoin on 1xBit
What is Politics Betting?
Politics betting involves placing wagers on political outcomes. Whatever the bet, the main thing is that it is based on a political decision, often made through a vote.
In the world of betting, politics is considered a unique bet. Unlike sports like football, volleyball, or tennis, you will be wagering on the political atmosphere in different settings.
The sentiment and odds of a political outcome occurring change often. These changes occur depending on how a politician or political faction interacts with its target groups. Also, the outcomes are often hard to tell, making political bets very exciting.
One of the most common and lucrative political bets to place are presidential bets. Let’s take a look at these now!
The Presidential Bet: How to Bet on Presidential Elections
A presidential bet is by far the most anticipated wager you can place on politics. You can easily presidential elections from around the world in very simple steps using 1xBit.
Before betting, it’s important to research the political sentiment in a country whose election you want to bet on. This research involves looking at what people are saying in traditional media and on social media. You could also look at recent political analysis reports to help you place a more informed bet.
Once you have done your research, look at the candidate you think will most likely win the election. Then place your bet!
How to Bet on Elections With Bitcoin
1xBit simplifies the politics betting process by providing an easy way to bet on any presidential election. Read on to learn how to bet on elections on 1xBit.
Create an Account on 1xBit
First, head over to 1xBit.com and click the ‘Register’ button on the top left side of your screen.
Fill in the necessary details to complete your registration process. Then, deposit Bitcoin (or one of 40+ cryptocurrencies) into your account to fund it.
Choose your presidential bet
Next, hover your cursor over the ‘Sports’ tab on the top left side of your screen, where there will be a dropdown list. On this list, choose ‘Politics.’
From this, pick the country and the presidential election that you would like to wager on.
Place your bet
Here, you will choose the president you want to bet on. Then consider the odds and information you had gathered in your research process.
After choosing your preferred candidate, enter the amount you want to wager on the right side of your screen. The amount you stand to win from your bet will also be shown on the same side of the screen.
Next, you will click on ‘Place A Bet’ to activate the bet. The amount wagered will be deducted from your 1xBit account.
After the election results are announced, you can withdraw your winnings from your account at any time. Withdrawals are almost instant and can be processed in 40+ digital currencies.