The pure nature of betting across the board is to try and predict the outcome of a future scenario. Novelty Betting is known to be light-hearted and often unpredictable.
Novelty Betting has always been around without any of us even realising it. For instance, you can bet on the name or gender of a royal baby or the colour of the Queens hat at Ascot. There was even a phenomenal bet back in 1964 by David Threlfall, UK who placed a bet on man reaching the moon before December 31st 1971, now that’s a bet!
Novelty Betting has been on a steady rise over the decades and is now very popular among regular bettors. As well as those who don’t even consider themselves as bettors, the ones who place a bet on something fun once or twice a year kind of people.
Betting is all about trying to predict the result or future outcome successfully, the combination of a rise of online gambling and betting, plus reality and live TV has boosted this.
Novelty Betting is still relatively small in comparison to sports betting and it can also be very territory restricted. If you used an online betting site based in Italy they may not take your bet on say the colour of the Queen’s hat at Ascot, since culturally they may not know how to calculate the odds. Some online bookies won’t take Novelty bets simple because they see them as too risky.
Usually, it’s only larger and more established online betting sites or UK focused sites that off Novelty Betting. Since some bets may be placed many years in advance for instance, what year will Prince Charles become King. You need a highly reliable book maker and one that’s likely to be around in the future so if your bet turns out to be a winner, you can claim your winnings.
What a punt this was! I have to say the best ever novelty bet has to be for me, “man reaching the moon before December 31st 1971”.
At the time, the only location you could place a bet was at a high street bookies. Once upon a time there were many to choose from including William Hill, who took this monumental bet.
William Hill, viewed the likelihood of man reaching the moon by 1971, so unlikely that they offered odds of 1000/1.
The official betting terms were: “for any man, woman or child, from any nation on Earth, being on the Moon, or any other planet, star or heavenly body of comparable distance from Earth, before January, 1971.”
Take into account the year, back in 1964 that is a life changing amount of money. In 1964, a pint outside of London was approximately 1/3d (6.5p), in 2019 you’re looking at around £4.50 If you wanted to buy a three bedroom house in London, the average price was £2,430.
Mr. Threlfall placed the winning bet as a 20 year-old and cashed in 7 years later. This lucky punter was paid out live on TV, the equivalent in todays money would be £250,000!