LeoVegas Posts Odds for 2019 Canadian Federal Election

Canadian Prime Minister Justin Trudeau requested it. Governor General Julie Payette did it. She dissolved the 42nd Canadian Parliament on September 11, 2019. That launched the new campaign for the Canadian election that will happen on October 21 of this year.

With little more than one month to campaign, Trudeau will attempt to retain his role. The Liberals will try to keep their majority. And the Conservative Party and New Democratic Party will both try to stop those things from happening.

Who do you think will win?

Online sportsbooks like LeoVegas know that many people want to bet on it.

Prime Minister

Everyone is talking about the candidate who will be appointed as the Prime Minister of Canada.

Trudeau and the Liberals took control in 2015. Stephen Harper resigned, and the Conservatives became the Opposition.

When Trudeau took over, he brought in an extremely diverse cabinet and a positive vision for the country. He reiterated that vision after calling for the new election, hailing diversity and improvements in the daily lives of Canadians as proof that his direction has been and is the right one.

Polls show, however, that there is growing support for the Conservatives and Andrew Scheer, former Speaker of the House of Commons.

Jagmeet Singh and the New Democratic Party are also challenging Trudeau and the Liberals, as are Elizabeth May with the Green Party and Yves-Francois Blancet with the Bloc Quebecois. And former Scheer opponent Maxime Bernier formed his own People’s Party of Canada to run separately.

Thus far, Trudeau and Scheer are tied for the lead in most polls. The others are longshots.

Wanna Bet on the Canadian Election?

LeoVegas has posted the initial odds for the race. And it shows what the polls do:

  • Justin Trudeau (-110)
  • Andrew Scheer (-110)
  • Jagmeet Singh (2000)
  • Maxime Bernier (5000)
  • Elizabeth May (8000)
  • Yves-Francois Blanchet (10,000)

The same virtual tie for the lead is also reflected in the party betting lines:

  • Liberal Party (-110)
  • Conservative Party (-110)
  • New Democratic Party (2000)
  • Green Party (2500)
  • People’s Party (5000)

LeoVegas also offers several other bets pertaining to the election.

Will any party obtain an overall majority of seats?

  • Yes (180)
  • No (-250)

What percentage of votes will the Conservative Party obtain?

  • Over 33.5% (-125)
  • Under 33.5% (-112)

What percentage of votes will the Liberal Party obtain?

  • Over 33.5% (-125)
  • Under 33.5% (-112)

Competitor Offers Slightly Different Odds

Bodog may be famous for its sports betting options, but it is offering only three options for the Canadian election. The odds are mostly in line with LeoVegas.

As for the Prime Minister who will be voted into power, the primary difference is bigger odds for the longshot candidates:

  • Justin Trudeau (-130)
  • Andrew Scheer (-130)
  • Jagmeet Singh (2000)
  • Maxime Bernier (6600)
  • Elizabeth May (25,000)
  • Yves-Francois Blanchet (75,000)

The seats by winning party is framed this way:

  • Over 155.5 (-120)
  • Under 155.5 (-120)

And will the winning party have a majority?

  • Yes (200)
  • No (-300)

Everything May Change

As with any election, things can change before voting day.

As candidates and prominent supporters of the parties start to campaign, give speeches, host rallies, and run advertisements, the people may change their opinions. And if any candidate does something particularly well – or flubs in a notably bad way – the polls will likely reflect this.

Big debates are scheduled for October 7 and October 10.

If anything happens of a significant nature, new polls may affect the odds as election day nears.

In addition, the odds may change as bets come in.

Canadian Election Odds and Betting Basics

Many people are interested in placing wagers on things like elections but don’t know much about this type of betting. If they have no interest in sports and never paid attention to odds, this is a new process.

Technically, the odds on the favorites in the election are not great.

A bet on a candidate at -110 means the bettor must wager $110 to win $100 in profit.

For example, to bet on any party obtaining an overall majority of seats, the easy bet would be to bet the “no” line at -250. That means a bet of $2 could pretty easily win that money back and a small profit of $0.80. It might be referred to as a sure thing.

There would be more money to be made, however, if a surprise in the election gave one party a majority of seats. Putting some money on “yes” for 180 would mean that a $2 bet on yes could garner a win of $3.60. It is a longshot but pays better than a negative bet.

Keep in mind that a site like LeoVegas, with its acclaimed customer support team, is available for any questions regarding betting. They cannot suggest the best bets, but they can explain what the numbers mean and what each bet would be worth.

 

Jennifer Newell

Jennifer Newell

Jennifer Newell has been writing about poker and gambling since 2004. As the online gaming sectors have changed and grown, particularly in the United States and Canada, she has followed it all and written about it for websites like World Poker Tour and PokerScout. In her free time, she runs a small business, reads, cooks, and enjoys music.

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