A country’s representative appears on the screen, giving their votes for the best song performed on the Eurovision Song Contest and suddenly on the “Our twelve points go to….”, everybody cheers and online betting sites and totalizators are adjusting or reconfiguring the offered odds -if and where required – to reflect on the chances each participant has on winning!
Eurovision betting is an amazing type of betting on its own. It is so fascinating, so exciting and so entertaining that it is no wonder why it becomes the absolute trend some months before the Song Contest takes place.
It is fun for the bettors and engaging for the Eurovision fans. It is a non-sport betting market that actually attracts millions of punters from all over the world, who like to watch and receive pleasure from predicting a number of outcomes just as who is going to qualify for the Eurovision Final, who is going to win it in the end, which country will be in the last positions of the competition, which countries will be on the top three places or even which countries will not qualify for the Finals.
There are, indeed, so many ways to go with Eurovision betting, vastly different from those relating to sports betting even when you have top rivalries ahead. The good thing is that you don’t have to be a pro to do it well and optimize your chances of getting profits. We present you with some very useful tips, which will get you started if you are a rookie in Eurovision betting.
The first and maybe most important tip of all when it comes to the Eurovision Song Contest is to carefully follow bookmakers’ odds. History has taught us that the odds set by the betting sites are in fact very good predictors of Eurovision outcomes. Statistics from 2010 and on illustrate that bookmakers’ top five performances according to their odds of winning the competition have been quite consistently turning out to be true.
In more than 40% of cases, sportsbooks’ predictions were correct regarding the five countries that will be in the top positions in the end. But this rate reached almost 72% when it comes to the three out of the five top bookies’ choices. In simple words, in 72% of cases three of the five songs selected by betting sites as the favorites to be in the top five, were actually in the top five!
So, odds are a good way to start when you decide to bet on the Eurovision Song Contest.
The second tip is to examine the political scene or anything that has happened throughout the year that might affect how the voting is going to be shaped. Last year’s results are a perfect example of this.
Ukraine was the absolute favorite to win the Eurovision and this was only natural if we get to think about the broader context. The Eurovision 2022 was eventually won by Ukraine.
Now, this has two readings: one, all participating countries wanted to show their support to the country for the war and so they voted for Ukraine more enthusiastically.
Being overwhelmed by the political issues going on in the country, fellow European nations wanted to show they are by their side. And don’t get us wrong: this does not mean intentional bias, but an unintentional, subconscious favorable position towards the country’s participation.
Two, a degrading situation wherein one lives may be a very powerful inspiration for exceptional songwriting. It might have been that the Ukrainian participation was so dedicated, so devoted, so committed that in the end nailed it and this brought the country to the top.
What is the lesson from a betting perspective? That world-scale things happening to a country can be a powerful predictor of how the country is going to do in the Eurovision Song Contest. And that, no matter if those things have nothing to do with music or singing.
Well, these two simple, yet very important tips should be your basic guidance if you want to improve your chances of winning when placing bets on the Eurovision.
