The first step is to understand Presidential betting odds. Understanding the different betting types (while they’re fairly straight forward) will help you figure out which bets are the smartest, and will win the most cash.Įlections are long and drawn out – especially the US election, where a term lasts four years and candidates essentially begin campaigning for the following election as soon as the President takes office. First and foremost, we want to make sure you understand how to bet on political odds.