When you live in a democracy, guessing which party is going to run parliament next can be an entertaining pastime. And that’s exactly why election betting exists!
This unique betting option builds up people’s excitement around upcoming elections and adds oomph to any nation’s political sphere – but especially so when it comes to the country of New Zealand. In this blog post, we’ll look at the election betting scene in New Zealand and what makes it so popular.
What Is Election Betting?
Election betting is the exhilarating process of placing bets on which party is going to win or lose an upcoming democratic election. People enjoy election betting all over the world, and New Zealand is one of the places where it is most popular.
New Zealand is home to some of the best election betting (and all types of betting) spots in the world. A few prime online bookmakers where you can place election bets are Ladbrokes, Palmerbet, and Picklebet. Each bookmaker offers a wide range of election betting markets, great odds, top notch support, and fair, licensed wagering.
Also known as election betting markets, the sport of election betting has been around for hundreds of years. In Western history, the first paper records of manual election betting can be traced back as early as the 16th century in Italy and the 20th century in Australia and New Zealand.
But fast forward to today, and election betting is widely considered one of the most entertaining and exciting ways to participate in the country’s political sphere. Let’s look at some of the reasons why:
It connects the public to election processes
In a world where politicians can often feel removed from working class citizens’ lives, placing bets on upcoming elections can help connect people to their nation’s identity. Being able to make calculated guesses about the next president gives citizens a sense of control and connection to the rest of NZ.
Ups the ante for who will win the election
Not unlike the Space Race or the Olympics, New Zealand’s election process brings a healthy sense of nationwide competition to the air. This is the kind of fast-paced electricity people love to experience by finding different ways to get involved – and one way is through election betting.
During the New Zealand general election, people from all over the country (and even some others) show their excitement and competitive streak by putting their money where their vote is.
Spreads information about potential candidates
Lack of awareness is one of the most common reasons behind a low voter count. The more people understand about their available options, the more likely they are to cast a vote – and election betting is one way to inform everyday citizens about which parties they have the ability to vote for.
Back A Winner
Making informed predictions about which political party will next come to power is an exhilarating and often very profitable experience that people enjoy all over the world. In New Zealand, it remains one of the most anticipated and popular forms of recreational betting to be found at local betting shops and online.