Are you a political junkie? Do you have a knack for predicting the next American Idol? If so, you can put your knowledge to the test by betting real money on the outcome of big events. In entertainment betting, you can bet on politics, reality TV shows, entertainment awards, and much more. All you need is a little money and an account at one of the big betting websites.
At the biggest betting sites, pop culture is the newest market for those of us who like to gamble on anything and everything. The premise is simple: sportsbooks create wagers based on current events and let you bet on how those events will play out. The next Presidential election, American Idol, the Oscars, and more make frequent appearances at online betting sites. If this sounds like something you’d like to try, we have a list of the best websites for betting on entertainment events.
Why Bet on Entertainment Markets?
It’s fine to sit there and watch your favorite TV show, but it becomes a much more immersive experience to actually put money on the outcome. Adding money to the mix makes it that much more exciting. It gives you a vested interest in how it all plays out in reality.
Think about it like this. Have you ever had a friendly debate with your friends about who will be kicked off the show next or who will win the next big election? Ever challenge each other to a bet? Well, now you can bet on these things and actually get paid when you win.
One of the other fun things about entertainment betting is that there are so many options. If you’re not the biggest reality TV fan, you can always bet on politics, the weather, the Grammys, and sometimes even regular TV shows. Back when the creators of the Simpsons announced they were going to kill off the main character, most of the big entertainment betting sites offered wagers on who would be the one to die.
Finally, entertainment betting is just fun. That’s what it’s all about – entertainment. You probably won’t make a full-time living off entertainment betting, but you do stand a legitimate chance of making a little extra cash this year. It’s hard to beat watching your favorite shows and getting paid.
Types of Novelty Bets
Entertainment betting covers a vast array of ever-changing subjects. Sometimes it will lean towards reality TV; other times, it will be dominated by politics. It all depends on what’s happening at the moment. Here are just a few examples of the markets we have seen in the past.
How Entertainment Betting Works
Most entertainment bets take one of two forms: futures and money lines. In wagers that have multiple possible outcomes, the future is the most common setup. The betting site will list every possible outcome and then give you the odds associated with each.
Mike Murphy founded BettingWebsites.com to help educate bettors navigate the legal online sports betting market in all countries. Mike has been an expert in the gambling industry since 2008.