How Betting On Politics and The Entertainment Industry Works



The casual observer might think that betting with sportsbooks is limited to betting on sports. The experts know that is clearly not the case. Sportsbooks offer countless betting options for all types of different sporting events but the majority of sites also offer casino games including poker, blackjack and roulette. One of the more popular additional betting options is the ability to bet on politics and the entertainment industry. Here is a look at how those additional options works.

Betting On Politics

Betting on politics usually isn’t a regular option on the markets but it is used for major events in the United States like the Presidential Election. Most sportsbooks will offer odds on who will become the president of the United States, but there are other options available if you shop around and find the right spot. Certain sportsbooks will list odds for who will win certain primaries as well as who will be each party’s nominee and even posted lines on a potential third party/independent run. Most of the political betting is focused on the American Presidential election but certain sportsbooks will post odds on their local politics, depending on where they are based. For example, the sportsbooks in the United Kingdom will post odds on who will be the next mayor of London or who will be the country’s next prime minister.

Betting on Entertainment

Betting on entertainment has grown in popularity as well over the years, especially due to the rise of reality television shows. Survivor, Dancing with the Stars, The Bachelor/Bachelorette and many more shows that include competitions for prizes, money or love will often have betting odds available. Beyond reality television, major award shows will also have betting odds available with the Oscars and Grammy’s among the most popular with the sportsbooks. Players can bet on everything from the Best Actor to the Best Picture at the Oscars on the same sportsbooks at which they can bet on NFL, MLB, NBA and NHL. A number of sites will also offer additional odds for celebrity-related stories such as whether or not Kanye West and Kim Kardashian will break up but you would have to be really interested in laying down some money on that type of story line to buy in with betting on those aspects of the entertainment industry.

Limits

One thing to remember when it comes to betting on politics and entertainment is that there are often very low limits. For the most part, it’s because the outcomes are usually generally well known across the board. In addition, there is always the possibility of outcomes being leaked for taped shows including The Bachelor, which could lead to people with inside information capitalizing on the fact that they already know what the outcome will be.

Sportsbooks understand they could be vulnerable when it comes to taking bets for political and entertainment events but they keep the lines up in order to satisfy their general customer base. The betting limits will be tight but it can still be fun to bet on political events as well as the entertainment industry.