So-called novelty-betting or betting on non-sporting events is a modern trend in the world of betting enthusiasts; the name itself comes from the English word meaning “innovation”. Now this format is actively gaining popularity among the Indian audience and is widely represented in the catalogues of many international projects, including the betting site 1Win.
Despite the fact that the trend of non-sports event predictions has become widespread relatively recently, this format brings projects a huge influx of new users, as it makes the local betting market more accessible to a wide audience. Even news sites often refer to the results of betting calculations when assessing the chances of politicians to win elections, musicians in competitions and so on. In this article, we will understand the peculiarities of Novelty-betting, its main directions and profitable strategies.
The Main Directions of Novelty-Betting
If you follow the world of art and show business, you may have seen news sites and TV channels often use 1Win betting site data when discussing the probability of a certain outcome. For example, when predicting elections or the presentation of prestigious awards. In a conversation you can hear the phrase: “Users of betting sites believe that they will win…”. This confirms that entertainment betting has firmly entered our daily life.
Some of the most popular areas that Novelty-betting is now represented by include:
- Political events – election of politicians to various positions, changes in legislation, probability of unification or division of countries;
- Reality shows are popular entertainment projects, the outcome of which depends on the results of viewer voting or court decisions;
- Awards – predictions for the winners of prestigious film, music and art awards;
- TV Quizzes – bets on the winners of popular intellectual and entertainment TV shows.
- Celebrity life events – celebrity betting on divorces, births of children and other significant events in the lives of showbiz stars;
- Cultural events – auction results and attendance totals for exhibitions, fashion shows, music festivals;
- Betting on exotic events – Guinness records or scientific experiments;
- Weather conditions – indicators of the level of precipitation on a particular day or the onset of extreme weather events.
The range of events that can be bet on is constantly expanding. Today, users of betting sites make predictions on scientific discoveries and even mystical events, thus attracting public attention to these industries and spheres of society.
How to Bet on Novelty-Betting
TV show wagering and celebrity betting is an entertainment format, the main purpose of which is to have fun. And only then profit. But if you follow certain recommendations, even this format can bring you stable winnings.
We would like to draw your attention to the fact that unlike sports betting, you may encounter a lack of data to analyse in this area. Project teams themselves often make mistakes in quotations due to limited access to information or are oriented on public opinion, which creates opportunities for competent betting.
To reduce your risks and get the most out of your investment, follow key recommendations:
- Choose widely covered events to bet on – for example, the US presidential election, the Oscars or international pageants will be frequently mentioned in the press and discussed in forums to identify a potential favourite;
- Analyse different sources of information – scrutinise news, expert forecasts, public reactions to assess the likelihood of a correct outcome from different angles;
- Study the quotes – it’s common for teams of betting sites to overestimate the odds of popular candidates or nominees;
- Use different strategies – for example, betting on undervalued participants who may turn out to be “dark horses” and bring winnings at higher odds;
- Don’t give in to your emotions – the entertainment format doesn’t mean you can go with your feelings and bet intuitively, without any calculations.
Remember to stick to the principles of responsible betting to avoid wasting your bankroll.
Types and Markets of Bets
As entertainment betting covers quite a wide range of industries, let’s take a look at which betting markets are characterised by the most popular areas.
Political Stakes
Political bets include the outcome of elections at various levels, the likelihood of bills being passed, and the prospects for international agreements and alliances. Such forecasts require careful analysis, as election campaigns can dramatically change public opinion.
TV Shows and Films
Betting on television projects is one of the most popular segments of sports betting. You can predict the winners of reality shows and competitions, judges’ decisions and viewer voting, final ratings and eliminations. In the film industry, predictions are often made on the winners of major awards, the plots of popular TV series and even the box office receipts of films.
Predictions for Awards
The most popular event bets are:
- Oscars – nominations for Best Film, Best Director, Best Actor and so on;
- Golden Globes – nominations for movie odds and television;
- Grammys for best album, song, artist of the year;
- Eurovision – winner, finalists, next year’s host country;
- Nobel Prize – winners in different categories.
In terms of betting formats, this is where teams of betting sites offer adaptations of the standard sportsbook options. For example, you can make a prediction on the winner of an event, which is the most obvious and popular option. You can also try to determine the placed position of a particular participant given a certain range or rating. For handicap fans, direct comparisons are suitable, where you need to understand who will be higher – one nominee or the other.
For the real expert bettors, you’ll want to go for combo bets, where you have to guess both the winner and the runners-up at the same time. And don’t forget about expresses – the ability to combine several outcomes into one bet to increase the overall odds.
Novelty-betting remains a niche area, but its popularity continues to grow, offering bettors new opportunities to develop analytical skills and have fun.
