Entertainment Betting

The Rise of Betting on Entertainment

Entertainment betting started off as a low key, fun idea for sportsbooks to bring in bettors, hoping that they would eventually move on to more standard betting markets such as football or soccer. Funnily enough, there has been a boom in betting on TV shows and other entertainment categories in recent years, which has caused the entertainment betting industry to become a much more serious business. Oddsmakers now take great care in setting their lines, having been surprised on many occasions in the past.

What you’ll find below are examples of some of the most popular entertainment betting opportunities including the Oscars, various music award shows, a multitude of reality TV shows and fun novelty entertainment bets.

 

Entertainment Betting - The Oscars

The Academy Awards bring together the very best of Hollywood in a night of glitz and glamour that is televised worldwide. It’s now safe to say that with the advent of entertainment betting, it isn’t just the coveted award winners who can have a night they won’t forget. Betting on the Oscars is a serious pastime. As soon as the nominees are announced, oddmakers get to work and announce their lines. Markets available are plentiful, offering up popular categories such as Best Film, Best Actor, Best Director, Best Supporting Actress and the like.

There are also special bets and betting combinations you can make. For example, you may place a bet on how many Oscars a film will win, or whether a film will win the combination of Best Picture, Best Director and Best Actress.

The Oscars are not the only award ceremony you can bet on. You will often find odds for other events such as the Golden Globes, the Baftas, The Cannes Film Festival and television awards like the Emmys.

 

Entertainment Betting - Music Awards

Similar to the Oscars, the Grammys Awards make up the biggest night for the music industry in the US, and once again, many Sportsbooks will price up the most popular of awards, including Album of the Year, Song of the Year, Best Male/Female singer, Best New Artist etc.

In addition to the Grammys there are many more international music award nights, including the Brits in the UK, which will also offer great betting opportunities.

The Eurovision Song Contest, which is open to many European countries, is also a very popular betting platform surrounded by a lot of discussion in terms of betting and, of course, nominee talent in the time leading up to the contest.

 

Entertainment Betting - Reality TV Shows

American Idol in the US and The X-factor in the UK are two of the most popular TV shows when it comes entertainment betting. In addition to placing a bet on which contestant you think will win the contest, you can also place bets each week on which singers get eliminated. “The Voice” is another show that is perfect for this kind of betting.

Similarly, Strictly Come Dancing in the UK, and Dancing with the Stars in the US offer up the same type of betting format, with an overall winner and a weekly elimination.

Other reality TV shows where betting is very popular include the Big Brother shows, America’s Got Talent and Britain’s Got Talent.

 

Entertainment Betting - Other Awards

Though movies, TV and music are fun to bet on, there are many other awards that are wager-friendly including the Nobel Prize Awards, the Turner Prize in Art, the Booker Prize in literature and the Sports Personality of the Year award in the UK, with betting going on all year round.

 

Entertainment Betting - Novelty Bets

Some sportsbooks will offer novelty bets, which may include the name of David and Victoria Beckham’s next baby, which actor might be the next Doctor Who or James Bond, or whether or not one or more celebrity marriages will survive the year etc.

One sportsbook, which will remain nameless, currently offers odds for the World Sauna Championships and the Finnish Wife Carrying Championship. Though these may sound like very bizarre events, if you study the form and know your stuff, you might just make a big win.

 

That’s Entertainment

Betting on entertainment will only increase in popularity as more and more people cease the opportunity to place a bet on what they may be watching on a Saturday night. Though entertainment betting can make for a great time, it’s important to remember to be wise with your betting as sportsbooks will surely offer up weird and wonderful ways to get you involved. What’s great is that as long as you watch TV or listen to music, you can get in on some very fun and lucrative opportunities.