Nobel Prize betting is probably one of the most elitist forms of gambling you would ever come across at any bookie, both online and offline.
While Nobel Prize betting sites are not as common as regular sportsbooks, you can still find a few portals that offer them.
Below, we provide a few Nobel Prize betting tips, so read through carefully!
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What Is the Nobel Prize?
The Nobel Prize is a prestigious award given annually to nominees with significant contributions in the fields of physics, chemistry, medicine, literature, peace, and economic sciences.
First awarded in 1901, the Nobel Prize has become arguably the most coveted award in the world, and now you can even bet on who’s getting one!
The ceremony takes place on the 10th of December in Stockholm, and the rewards include a gold medal, a diploma, and a monetary award of 10 million SEK, approx. US$1,145,000.
However, even if the awards are given out in December, the various Nobel Committees (one for each category) typically choose the winners in October.
Popular Betting Markets for Nobel Prize Winners
So what can you actually bet on via the best Nobel Prize betting sites? In general, you have access to betting markets for each prize category:
- Chemistry
- Economics
- Literature
- Peace
- Physics
- Medicine
Within each category, you can choose the outright winner from the available selection, which will be listed from highest to lowest odds, i.e. the most likely winners will be placed at the top.
Note: While the unofficial odds are already available early in the year, bookies compile and publish their official betting lists shortly before October of each year.
Nobel Prize Betting Tips & Strategy
When betting on Nobel Prize winners, you can increase your chances to win by following a few straightforward tips and tricks:
- Choose a reputable bookie—popular online bookies regulated by the UKGC offer the most varied Nobel Prize betting markets and payout any potential winnings on time;
- Bet on what you know—choose the Nobel Prize category you are most familiar with as you have more insight into the merits of each candidate;
- Conduct proper research—read about the categories and candidates are you unfamiliar with to make an informed decision when betting;
- Look into potential underdogs—since the lower the odds of winning, the higher the potential payout, place a small wager on unsuspected winners;
- Follow recent events—while the candidate’s merits are the deciding factor, the committees might also consider current political stirrings when choosing a winner;
- Wait until the last moment—do not bet sooner than necessary, as the nominees’ circumstances might change at any time.
Bonus tip: If the candidate you are considering has been present in the public’s eye and previously considered for the Nobel Prize, their chances of winning are higher than expected.
Before Placing That Bet
The Nobel Prize award ceremony is one of the most entertaining and anticipated events of the year, and now even avid bettors can join in the fun. Those among us who enjoy the thrill of the bet and know a thing or two about the science world might even make a small profit out of it.
However, while our Nobel Prize betting tips will help you place a winning bet, remember that gambling is inherently risky, and you shouldn’t bet more than you can afford to lose.
FAQs:
How to bet on the Nobel Prize?
Betting on Nobel Prize winners is just as easy as betting on any sporting event. You simply browse through the categories offered by bookmakers and select an outright winner.
Is it legal to bet on the Nobel Prize?
Yes! Bettors in the UK can place a wager on the annual Nobel Prize awards via any betting platform regulated by the UKGC that offers Nobel Prize markets.
Are the Nobel Prize sites safe to use?
Absolutely! Any UK platform that offers Nobel Prize betting is perfectly safe to use as long as the UK Gambling Commission regulates it.