Drawing on a conceptual distinction between traditional right-wing extremist and right-wing populist parties, this article examines the performance of the latter in public office. The central argument is that the specific populist aspects of such parties allow them to succeed in opposition and to do well at the game of elections. Once in government, their unique strengths turn into disadvantages. Significant structural weaknesses inherent in populist parties pose nearly insurmountable problems that make their long-term success in government questionable. The analysis also shows that the rise of right-wing populism has substantially increased the opportunity structures of conservative parties. Following the theoretical discussion, the article examines the case of the Austrian Freedom Party and draws parallels with the Italian and Dutch cases.