Paddy Power Novelty Bets Big Brother

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Winter has come and gone, and bettors in the United Kingdom have overwhelmingly picked their king: Bran Stark is the odds-on favorite to rule Westeros at the end of the final season of 'Game of Thrones.'

The wildly popular HBO series kicks off its last season Sunday with infinite potential outcomes for who will end up on the Iron Throne. It has generated significant betting action at U.K. sportsbooks and given oddsmakers fits.

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'The betting we've seen on the final season is unprecedented for a television series in [U.K. bookmaker] Paddy Power history,' Amy Jones, a public relations manager for Paddy Power, told ESPN in an email. 'We believe, because it's the finale, that the hype is bigger than we've ever seen on TV betting -- also, because of the nature of the show.'

In August, Paddy Power opened Bran Stark at even money to finish atop the throne at the end of the series. He's now 4-5 at most U.K. bookmakers, and, yet, he's also 2-1 to die during the season.

The largest bet Paddy Power has taken on 'Game of Thrones' since last August was four figures. The majority of the wagers, however, are in the £1-50 range, according to Jones.

An array of betting markets is available on the show: everything from which character will die first to who will say the first line. Dozens of characters are listed on the odds to win the throne, many with odds in the single digits. Different plot theories pop up regularly on the internet, forcing oddsmakers to keep a close eye on the betting action.

'If we see a real rush of bets on Khaleesi to rule at the end of the season, we will cut her price accordingly,' Jones added.

'Pricing up has been very difficult,' Joe Crilly, spokesman for William Hill in the U.K., wrote in an email to ESPN, 'as we know from the show that literally anything can happen. There are thousands of theories on the internet, which we have tried to avoid so our judgement isn't clouded. Things that have happened in the series have been hinted at in previous episodes so an in-depth knowledge of the show has helped a lot.'

Paddy Power Novelty Bets Big Brother Brothers

Traditionally, legal U.S. sportsbooks have not offered betting on TV shows, due to fears of inside information being leaked. In 1980, late Las Vegas bookmaker Sonny Reizner posted odds on 'Who shot J.R.?' for the popular prime-time drama 'Dallas.' Regulators stepped in and forced Reizner to take the odds off the board.

The American bookmaking industry is evolving, though, with nine states now offering legal sports betting and dozens more examining the issue. In February, New Jersey sportsbooks, for the first time, took bets on the Academy Awards. More than $747,000 was bet on the Oscars with New Jersey's sportsbooks, which are not offering odds on 'Game of Thrones.'

The popular Jon Snow and Sansa Stark, sister of Bran, are among the top contenders to rule Westeros. Snow is 5-6 to survive the season and also 5-6 to be eliminated. The Night King is 11-1 to rule Westeros.

Fortunes look bleak for Queen Cersei Lannister, who is a massive 1-50 favorite to perish in the final season.

Bets

Paddy Power Novelty Bets Big Brothers

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.

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