When you think of online betting, your thoughts probably turn to sports betting or online casino games. While these may be the most recognizable forms of online betting, there is a whole other world of entertainment or novelty bets - online betting sites that offer options that gamblers could never have dreamed of just a few years ago.
Entertainment gambling sites offer a number of special bets that can be placed on all sorts of topics - sports, politics, and religion, for example, as well as betting on events involving the kinds of people who usually dominate the news cycle: celebrities, reality show contestants, and so on.
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What is Entertainment Betting?
Although usually a pastime, betting on entertainment can be exciting. Such bets transform an event into a compelling and much more interactive experience for a much wider audience, where you can reap the rewards and enjoy the success of the event. This is especially true for mass culture events.
What Are Entertainment Betting Markets?
Entertainment betting encompasses a wide range of events, with politics, reality TV, award shows, lotteries, and high-profile personal matters (such as celebrity weddings and divorces) leading the way. When you consider that gambling and entertainment have always gone hand in hand, it shouldn't be too much of a leap to think that the two will converge to take your experience to an even higher level.
Betting on the outcome of any event or situation can leave you feeling pumped, primed, and ready for anything. And yet, in what must be some kind of cosmic joke, it is also the least reality-based pastime ever devised by man.
Although bettors can learn to feel confident about certain types of bets, especially when it comes to betting on individual outcomes of sporting events, being a successful bettor also means mastering the art of feeling which types of events to bet on. In addition to sports, there are many random events that you can bet on.
The Thrill of Entertainment Betting
Betting on politics and presidential campaigns is particularly fashionable and distasteful. Meanwhile, larger-than-life reality shows like Survivor and Big Brother also attract their share of viewers and avid fans.
Betting on the outcome of TV shows, like everything else related to television, has become more sophisticated and colorful. Now, when a person is debating with friends about who will be killed next on Game of Thrones, they can also place a bet on the outcome. And why not? TV is so much a part of our lives that it was only a matter of time before it started serving as a betting line.
Another fun way to bet on movies is to bet on Hollywood casting. For example, you can bet on who will replace Daniel Craig as the next James Bond. Or you can bet on news leaked from the Hollywood set, gossip, or even rumors of a celebrity's death.
Another popular area of betting is on the babies of famous people. This can include betting on the names these individuals will give to their offspring, as well as the dates the babies will be born and the sexes of the children.
How Entertainment Betting Works?
If you are interested in novelty betting, it is a good idea to look for an online betting site that offers a wide variety of markets. You can register with different sites, but the range and variety of odds will vary from one betting platform to the next.
Follow the Trends
In addition, it is wise to follow and keep abreast of the latest cultural trends and news, as this will put you in an excellent position to make a potentially successful judgment.
When betting on the champion of a reality show that has a public voting element, it is advantageous to know which contestant is adored by the public and which is not. If politics is your area of betting, it is important to put aside any personal leanings and make decisions that are fully informed and responsive to the public's proclivities, the trends in the news, and the overall mood of the moment.
Compare Odds
You have to look for value bets, because entertainment betting is not just about guessing the next random outcome that will emerge from a totally unpredictable process.
Although fun, betting on novelty events can be a serious undertaking, especially if you're aware of all the companies and how the industry works. And really, all you have to do is compare the odds with the actual probability of a given outcome in order to make an informed bet.
Players should look for areas that are undervalued; this may even mean betting on the long shots if the prices are right.
Conversely, underdogs may be a better bet than their odds suggest. This is often the case in sports where the favorite is not as dominant as the odds suggest. Another common scenario in sports betting is when a team has lost several games in a row. They may have good odds going into the next game, making them a decent prospect for a payout. Again, this is a skill that takes time to develop and experience is the best teacher. If you're at a sportsbook just to have a good time, then betting on the underdogs is a smart way to amuse yourself and play what are generally some of the riskier odds. But hey, we all know that risk and reward go hand in hand.
Advantages to Entertainment Betting
Although they may seem... well... novel, and compared to the major competitions and events that are the focus of sports betting, novelty bets may seem to offer little substance. In fact, they can provide a unique opportunity for not only entertainment value, but also the chance to win significant rewards.
It gives players the opportunity to face even tougher tests in predicting how various situations will turn out. And it lets them do so based solely on their understanding of the public's tastes and their own insight. It makes even the most trivial events seem worthy of attention when players have money on the line and the opportunity to make a bet that could pay off many times over.
These bets are unique and fun, allowing gaming operators to offer even more choice and variety to players who may be tired of the same old stale options. And these operators may be able to offer even more options in the future, as a handful of states are currently considering legislation to allow them to offer these types of bets.
Conclusion
Many of the major online betting sites offer novelty or entertainment bets, which are usually located within the online sports betting section of a large site. For variety and the very best odds, it makes sense to explore several different sites before settling on your favorite.
Usually the biggest betting sites are the ones that offer the widest variety of markets. Smaller betting sites may offer betting options that you can't find anywhere else, and that certainly makes them worth checking out. Having a wide variety of bets also helps in making quality, entertaining and valuable bets.
Many of the biggest, most talked-about moments take place in the political world, the sports arena, or the entertainment industry. So when we say "top sites," we mean the sites that feature these big, talked-about events - like a presidential election, the Super Bowl, or the entertainment industry's annual awards season. And when should you bet on these events? Pretty much whenever they happen.
In recent years, the popularity of novelty bets has skyrocketed, thanks to the ease of access to information via the Internet. Our current obsession with the lives of the rich and famous, fueled by social media, has also played a part. All of this means that it's easier than ever to make an informed - and accurate - prediction.