If you think of online betting, chances are sports betting or online casino gambling comes to mind. While these are probably the most famous types of betting, entertainment, or novelty bets, are fast becoming a popular option for bettors looking for more fun and thrill at their favourite online betting site.
Entertainment betting sites offer a range of exclusive bets that can be made on a variety of topics, including sports, politics, religion, celebrities, reality shows and much more.
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What is Entertainment Betting?
While gambling is generally a form of entertainment, making an entertainment bet can be even more exciting. These types of bets turn a big event into something engaging and interactive to a broader audience, where you can cash in on the hype and success of said event.
What Are Entertainment Betting Markets?
Entertainment betting consists of a wide variety of events, including politics, reality TV, award shows, lotteries, celebrities (like weddings and divorce) and more. Since gambling and entertainment go hand in hand, it is expected that the two will merge to take your experience to the next level.
The challenge of predicting the results of the most arbitrary event or situation can leave bettors feeling invigorated, inspired and ready for more.
While bettors can develop a sixth sense on things like sports betting, especially if they have been doing it for a long time, betting on random events like award or reality show winners can add an extra level of excitement to proceedings since you never know what the outcome could be.
The Thrill of Entertainment Betting
Betting on politics and presidential campaigns are particularly popular and thrilling, while big reality shows like Survivor and Big Brother also draw the crowds.
Betting on TV show outcomes have also become a popular pastime, thanks to shows like Game of Thrones and The Walking Dead that continuously try to outdo each other in the death toll, while celebrities and their actions continue to shock and amaze even the most discerning bettor.
Another fun option for movie buffs is betting on Hollywood castings, like who will replace Daniel Craig as the next James Bond, while bets based on celebrity news and gossip and even celebrity deaths are commonplace.
Betting on celebrity babies are also popular options and include predicting names, birthdates and the sex of the unborn child.
How Entertainment Betting Works?
If novelty betting is something that interests you, it is a good idea to scout around to find an online betting site with a wide range of markets. Players can sign up to different sites as the range and variety of odds will differ from one betting platform to the next.
Follow the Trends
It is also a good idea to follow and stay up to date on the latest cultural trends and news as it will help put you in a good position to make a potentially successful judgment.
If you are betting on the winner of a reality show that includes a public vote, it will help to know what performer is a crowd favorite and who isn’t. If you are betting on politics, personal opinions should be put aside as you must make an informed decision based on public reaction, news, popularity and more.
Bettors should not forget to look for good value bets as there is more to entertainment betting than just predicting a random outcome.
As fun as it is, novelty betting can be serious business if you know what you are doing, so it is important to compare odds to the likelihood of winning for the best results.
Players should look for sites that are undervalued, which could even mean betting on the underdog if the odds are looking good.
On the flip side, favourites could be paying less than expected and it would be more valuable to bet on the opposition. That being said, this is a skill that takes some time and experience to perfect, although it could lead to plenty of potential rewards in the future. Playing at entertainment betting sites is a great chance to have some fun and make some decent money if the odds are in your favour.
Advantages to Entertainment Betting
While novelty bets could seem like a…well… novelty at first and insignificant compared to larger competitions and events covered in sports betting, there is potential to earn some great rewards and have some fun.
It also affords players the chance to take on greater challenges by predicting the outcome of events based purely on opinion, public reaction, and insight. What’s more, the thrill of betting money and winning will make even the most insignificant events seem highly exciting and valuable.
These bets are unique and entertaining and allow betting sites to offer more options and variety to discerning bettors who have seen it all before.
Novelty or entertainment betting is available at many major online betting sites and usually falls within the online sports betting section of a large site. If you want the best variety and odds, it is a good idea to look around and try various websites before choosing your favourite.
Some of the biggest betting sites will usually have the biggest range of markets, while smaller sites may offer niche betting options not available anywhere else. A large selection of wagers also contributes to making quality, valuable bets at entertainment betting sites.
Top sites will feature many of the biggest, most-talked-about events in the political, sports, and entertainment industries, so it is a good idea to keep yourself updated on the latest news and information to make the most accurate bets.
Novelty bets have become more popular in recent times thanks to the accessibility of information on the Internet, and an interest in the lives of the rich and famous thanks to social media. Because of this, gaining insight and making an accurate prediction is easier than ever before.