The Python community generally advocates an "it's easier to ask for forgiveness than permission" coding style. When faced with a condition of the form "if condition a holds, do b, else c", it's very often a better idea to do "let's try b, and do c in case b fails because condition a didn't hold".

In this case it's better because you can avoid computing an extra hash of the object in cases where it's already a key of the dictionary. This may seem like a silly optimization, but it can very easily add up if you're accessing existing elements most of the time--I once had a bit of code that went 60x faster when I replaced an if-else with a try-except.

In other cases it can be even more beneficial. Say you're opening a file. One approach to avoid errors would be to check if a file exists first. This is error-prone because the file might cease to exist in between the 'if' and the 'open' statements, and now you have no code written to handle the error. Using try-except will ensure that you actually handle the error intelligently.

This isn't to say there's never a good reason to use an 'if' to check things, just that if you can do it in one step instead of two, one is usually better.