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With the expansion of internet wagering in the last few years, bet entertainment events has never been simpler.
Players no longer need to make a road trip to Nevada and can gamble on almost anything from the comfort of their homes.
Widespread in Europe
The ability to bet on entertainment events has been widespread in Europe for many years and has recently gained popularity in the U.S. betting market.
Betting on entertainment is only available at online gambling sites, as most land-based sportsbooks aren’t permitted to offer it as a betting market.
Online betting sites offer these entertainment markets as a great way to attract new customers who generally don’t place bets.
The market for entertainment betting started as just a novelty but has grown in popularity as a way to add more fun while players wager on the outcome of certain events.
Providers now offer markets for television, movies, politics, current events, and more. Each category will also include a list of different wagers and the odds for each outcome.
Let’s Get Started
Before players can get involved in entertainment betting & betting strategies, they need to find a reputable sportsbook online by researching independent online customer reviews.
Choose a Deposit Method
Players then need to choose a deposit method that is best for them.
Many legal online sportsbooks offer prepaid cards to their customers, which is the fastest method to deposit and withdraw winnings. However, other methods can also guarantee fast and safe transactions.
Let’s Take Advantage
All that’s left is to take advantage of the deposit bonus almost every betting site offers before choosing a wager to make.
Betting on entertainment isn’t one of the most popular markets at online sportsbooks, so it may not be highlighted on the main page like the more significant sports markets.
However, players can usually find the market on the list of sports, typically on the left side of the page.
Number of Markets for a Specific Event
Just like betting on sports, the number of markets offered for a specific event is something that should be considered when choosing a provider to bet entertainment.
However, it’s just as important to deposit at a reputable site that is legal and regulated. The ideal provider will have a wide selection of entertainment betting options and also be a trustworthy site with fast transactions.
Popular Entertainment Betting Options
Awards Shows
Awards shows were one of the first markets in online entertainment betting. Many different awards shows are available for wagering, including:
- TV
- movies
- music
- sports awards programming
Choices to Wager on Academy Awards
For example, the Academy Awards typically has tons of choices to wager. Oscars betting is available for picking the winner of popular categories like:
- Best Picture
- Best Director
- Best Actor
Betting is also available for other categories, such as costume design and best-animated feature films. Other awards shows that may have betting odds are the Emmys, Tony’s, and the Golden Globe Awards.
Reality Shows
Reality television shows have been part of pop culture in the U.S. for over two decades. Many types of programs fall into this category, such as competition shows, talent shows, and others.
Second-Most Popular Entertainment Market
This is the second-most popular entertainment market behind awards shows and has no shortage of available programming.
In addition, popular shows like American Idol and The Bachelor have become famous reality shows in the U.S. entertainment industry.
Betting sites usually post odds for reality shows at the start of the season.
Odds Will Change
However, the odds will change as the weeks progress, similar to placing a futures bet in sports betting for a team to win a championship at the end of the season.
For example, bettors can wager on which contestant will be left standing and take home the prize on Survivor at the end of the season, with the payout higher the earlier the pick is made.
TV Series and Movies
Reality TV is a viable entertainment betting option, but bettors can also wager on scripted TV shows.
For example, Game of Thrones was a popular entertainment betting option throughout its eight seasons on the air.
Some of the most popular wagers were on which of the main characters would be the next to die or who would ultimately rule Westeros at the end of the series.
Betting on Feature Films
Bets on feature films are also popular for those that like to bet entertainment. Popular franchises like The Avengers have been the top choices for those that enjoy online entertainment betting & betting strategies.
For example, players could wager on whether any of the main characters would die at any point during the movie.
Types of Entertainment Bets
Various types of wagers are available for players who like to bet entertainment.
Outrights and Futures
Outrights and futures bets are the most common and have definitive outcomes with no chance of the wager being a push.
For example, players can wager on which movie will win the Best Picture Oscar using moneyline odds. They must pick the winning film correctly, or the bet is a loss.
Totals
Totals wagers are also straight bets based on an over/under concept. They’re similar to totals in sports betting but aren’t related to any sporting event.
Bettors must choose whether the result will be over or under the oddsmaker’s number on an event to win the wager.
Props
Prop bets are traditionally not related to the outcome of a game or event. Still, they are a secondary market associated with something like the color of clothing someone might wear at an event or which song a performer might sing at the Super Bowl.
Bookmakers will provide players with several choices for this wager, with no pushes as long as the sportsbook lists all possible outcomes. These wagers are typically available for more high-profile TV events.
Entertainment Betting Tips
The most significant difference between sports and entertainment betting is that it’s impossible to make a living from betting on entertainment.
Professional sports handicappers have a win percentage between 55% and 57%, which isn’t a huge margin.
However, betting on entertainment is sometimes just as random as playing roulette or slots, which are 100% based on luck.
There are a few things bettors can do to help increase the chance of winning by developing a strategy for each entertainment category and following some basic rules.
Get the Best Bonus
Almost all online bookmakers offer new customer bonuses, but the key to betting on entertainment is to get the maximum compensation possible.
For example, if a site offers a 100% match of up to $1,000, try to deposit the total of $1,000 to get the maximum bonus. This is always worth it, as many sites don’t offer bonuses on deposits beyond the first one.
Have Multiple Providers
Having more than one online betting account gives players a chance to earn more bonuses, access to more betting markets, and an opportunity always to get the best value.
This is especially true when betting entertainment, where the odds can be much different between sites.
Bet With Your Head
This is a general rule for all types of betting, but it can sometimes be more relevant in the entertainment market.
For example, personal preferences, such as the movie you think should win Best Picture, should be put aside when evaluating odds, just like when betting on sports.
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Bet Entertainment FAQs
Many leading sites will categorize entertainment and novelty markets under the same heading. It will include movie and TV show betting, political betting, and other things such as Royal Family odds.
For players in the U.S., chances are that they live in a state with legal online sports betting. If not, it won’t be long before it’s legalized. Of course, most states’ licensed sites won’t offer as many entertainment markets as offshore providers. Still, it’s always recommended that players go with the legal alternatives in their state for security reasons.
Most current TV shows won’t have wagering available at online sportsbooks. These markets are typically reserved for shows at the top of the ratings, not niche programming that won’t bring in enough money for the operator. There could be a time when wagering is offered on almost all TV shows, but it’s not yet a reality.
There are sometimes odds available for movies when looking for entertainment betting odds. However, the most odds are currently offered for TV shows. Betting lines for movie odds won’t usually have to do with storylines or characters in the film. Instead, they are typically provided based on how the movie performs at the box office, with bettors able to place wagers on things like how well they think the movie will sell in theaters.
No. Players can also bet on a scripted TV show, although the option isn’t available very often. On top-rated shows, betting lines can be found for wagers on things like season outcomes and in-story narratives.
