With an increase in the number of cultural events being celebrated and enjoyed, the betting shops have observed a flood of bets in the last few years on such things. Ranging from non-cultural X Factor to some highbrow bets, betting is taking over most of the cultural events around. With constant evolution, the gambling culture has developed in a considerable manner, while the availability of a plethora of online and offline betting shops like 188bet has made it easier to play Slots online and place a bet.
With the evolution of highbrow betting, the betting world has offered an access to something considered to be completely up market. This new trend is based on the concept that bets placed on recent cultural events like the Man Booker Prize, Nobel Prize of the Mercury Music Prize are easier to be evaluated.
The Rise of Highbrow Betting
The rise of such type of gambling is primarily due to the fact that the internet service can be used to place bets accompanying the hype associated with highbrow betting. Thus, bookmakers are no longer known for booking bets for horse fanatics or football, while a change has been induced in the market by this cultural betting. Although the concept of this betting type is considered minor at present, but the growing popularity, offering a chance to people for making money from their knowledge, who have an interest in cerebral fields and hold knowledge or an idea about the same.
From a recent report about the betting market, it has been observed that the betting market has gained a serious steam with events not related to sports. At this level of growth, the market is anticipated to grow to a turnover of worth 3 million pounds per year. The hype of highbrow bets for the Nobel Peace Prize provides an example of a market that has gained a huge attention in this context, while the involvement of more bettors will further contribute to the growth of this trend.
Another report reveals that the betting at Ladbrokes on the Man Prize was observed at a value of 400o pounds in the year 2005, which has risen to 15000 pounds in the year 2013, making around 4-fold increase in the betting. On the other hand, the betting amount for the Nobel Prize has increased from the amount of 1000 pounds in the year 2005 to nearly 20000 pounds in the year 2013.
The upcoming season of awards is anticipated to be a promising time for the bettors taking part in the cultural segment or the highbrow betting, instead of some racing or sports bet.
Thus, the growth of cultural betting has been on the rise and favored by many factors. The availability of internet facilities has enhanced the experience of placing a bet and retrieves the results of the bet. This easiness resembles to the one observed while playing Slots Online, which is combined with chances of high return values. You can gamble with cultural bets over many online casinos or betting/gambling sites with a comfort of home conveniently and easily.