Definition of Winning Party

What does the term "winning party" mean in the world of betting on politics? What does it mean to bet on the "winning party"?

Betting on elections has become very popular with the surge in popularity of online sportsbooks.

One of the types of bets that you may have seen is betting on the "Winning party".

This is fairly straightforward - with this type of bet, you will be betting on which party you think will win the election.

For instance - let's take the 2020 US Presidential election. There are three choices:

Democrats
Republicans
Independents

So, the odds may look something like this:

Democrats to Win, -185
Republicans to Win, +145
Independent to Win, +2000

This means that the Democrats are favoured to win, while the Republicans (and Independents) are underdogs.

-

Some people prefer to bet in this market rather than betting on an individual candidate, just in case something happens to a candidate before an election.

By betting on the actual party instead of the individual candidate, you are protected in case there is a last-minute change of candidates for a party.