Novelty Betting Definition

As the term suggests, novelty betting is not your average type of wagering and it involves betting on events that have almost nothing to do with sports.

Almost all online bookmakers now offer a wide selection of novelty bets, and contrary to the general opinion, these have generated some impressive payouts in the past.

Some popular novelty bet markets include betting on the most popular TV shows such as Big Brother and X Factor, wagering on the current affairs, as well as Royal Wedding specials and presidential elections. PaddyPower is famous for their vast Novelty Bet markets.

Example

Punters can bet on the winner of Big Brother, the nationality of the next Pope, while they can also bet on the first country to leave the Eurozone or French presidential elections.