Gambling has had a major influence on many aspects of life in the modern day life, helping to enrich and encourage economic growth through the inflow of cash and money as a result of gambling. Many people enjoy the experiences that are had by placing wagers on events great and small. The thrill of opportunity is what brings people to gamble and for some it helps to enrich each experience. The hype and action of a grand final is heightened by money on the line, with the prospect of making your bet back plus a bonus on top of that. Whilst these events are some of the key aspects of major betting in the industry, there are still outliers that whilst aren’t as major, they still provide the same aspect of gambling and add an extra flavour to whatever event is currently being contested. These events can be wagered on and are specially categorised by bookmakers as “novelty bets”. These opportunities are unique in that they allow for recreational betting on interests that lay outside convention, such as in the arts, sciences or current affairs and not necessarily sports events or horse racing. As the interest in gambling has expanded, novelty betting has become more and more popular and allows for betting on everything from the Oscars to Elections and even the outcome of the prices of Oil or Gold at the end of the year.
Whilst it may seem as though these novelty bets are somewhat insignificant in comparison to the larger competition of sports betting, there is a potential for great profit to be made from this aspect of the industry. It also provides the chance for gambling enthusiasts to give themselves a greater challenge at predicting these novelty events and otherwise gain more insight on the respective event and add flavour to the aspects of gambling a current events themselves. The thrill of wagering your own money in return for a profit is enough to make even the most miniscule of events and important milestone. Whilst these bets are unique, it allows for operators to provide their own odds, allowing freedom for the operators and giving gamblers more options on their preferred choice of operator. Alongside this, this type of betting can provide an excellent opportunity for Public Relations and further acquisition regardless of whether or not there has been a win.
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Current novelty bets are wide spread and vast due to the recent number of celebrity award events. The Oscars are a definite major event in the category of novelty betting and have pinned many hopes on certain actors and actresses taking home the big prize. Well known celebrity and influential figure George Clooney is hotly contested to win an Oscar for Best Actor for his role in The Descendants. He is also up against some strong competition which includes Leonardo DiCaprio and also Jean Dujardin. Even so, the odds are in Clooney’s favour at an astonishing 5/6 to win, furthered by his already achieved award for Best Supporting Actor from 2005’s Syriana. On the opposite end of the curtain is Meryl Streep who is also in line for the Best Actress award for her role Magaret Thatcher and has her almost guaranteed to win with odds at ½ and a significant leap ahead of her rivals.
There is real skill needed to successfully win in a novelty bet and the new experiences and challenges brought about can also help to benefit the participant further than the gambling event itself. Not only will it help the participant to gain more of an understanding of the event as a result of increased emphasis of the event on the person’s life. There is more inclination to ain a heightened understanding of the event in order to properly place a wager on it. It is much more preferable to know what you are gambling on before you make your bet. It can also provide increased interest in the event or the brand, attracting a larger audience regardless of whether or not they are there to wager or enticed by the odds offered.
Due the increased influence of betting culture in modern day society, novelty betting has been on the uprise. More and more people are enjoying the thrill of gambling and using it to enhance their experience and to add more zest and excitement to any event in which they partake in. Sporting Events and the respective gambling has expanded outside the field itself, allowing fans of the sport and all the pleasures it brings to continue their enjoyment on a more consistent and unique basis. Betting on the winners of sporting awards adds more meaning to each personal experience of the player and also helps fans and participants to heighten the thrill and feel more compassion and pride for their player.