The 6 Best Ways to Capitalise on Eurovision Betting Odds
It’s nearly that time of year again for the highly anticipated Eurovision song contest to get underway! Put on your dancing shoes, grab the microphone and get betting with the top online bookmakers - because The Eurovision Song Contest is about to take the world by storm.
As always, there’s going to be heaps of excellent talent on display and, in true Eurovision fashion, some strangeness to match. Betting on The Eurovision Song Contest is tantamount to placing money on any sport and it is frequently one of the most bet upon specials each year.
Eurovision bettors mean serious business, and this year will be no different as thousands of viewing parties are held across the world for the much-loved glitzy competition. The contest has been taking place since 1956 and viewers have seen every type of performer take to the stage since then.
Eurovision betting odds have been available for a while, but the race has really only begun to heat up for this year’s Eurovision. Now that we are approaching the semi-finals there are two markets for Eurovision punters to consider - the overall winner of the competition and placing in the top five.
Top Eurovision Betting Tips
We’ve compiled the ultimate list of Eurovision betting tips for you to consider when parting with your money for this year’s flashy affair:
Stay on Top of Social Trends
The Eurovision Song Contest continues to grow as an event due to the competition's global popularity. The event is always a huge hit on social media. Every year, fans across the globe engage with each other on a variety of platforms such as Instagram, Facebook and Snapchat. The power of social media has meant The Eurovision Song Contest has continued to grow in popularity which has expanded interest levels from beyond the continent of Europe and now connects fans from all corners of the globe.
Nothing spoke to the power of social media on Eurovision's betting markets quite like Iceland's 2020 (RIP) entry. The song was such a viral hit that many saw the cancelled event as a mere formality.
The song was so popular, even before it was confirmed as the Icelandic entry, that celebs and Eurovision superfans alike were sharing their love for the absolute banger. Had the 2020 event gone ahead, the Iceland representative would surely have romped home and had the power of social media to thank for playing its part.
So, if you're looking for betting trends to take advantage of, check out social media platforms, trends and hashtags to see what's generating social buzz.
Avoid the UK and Ireland
The UK and Ireland last won The Eurovision Song Contest 21 and 22 years ago respectively. The lack of surrounding countries is a real hindrance for this pair as year after year we see some very generous scoring from neighbouring countries which can often provide the contestant with that all-important 12 point haul. The Eurovision Song Contest has developed into supporting countries voting for each other to get points on the board back in return and with this feat showing no signs of stopping it's hard to see the UK and Ireland ever getting back to The Eurovision Song Contest heights they were once at.
There’s no value to be found here but we’ll entertain a look at the 1st-5th place market. The UK are 20/1 here while Ireland are 25/1 - but this is an absolute stretch to go for considering both countries' poor performances in recent years. You’d probably have better luck with Ladbrokes’ ‘UK to finish last’ special at 3/1.
Sweden’s Record Indicates Value
Sweden have won The Eurovision Song Contest 6 times, which is the second-most in history (ironically after Ireland’s 7). The Eurovision Song Contest's popularity in Scandinavia, as indicated by Sweden's record, shows no sign of waning Whenever one of these nations has a strong entrant, it's worth taking notice. Given Sweden's strong track record, you could do a lot worse than look at the Swedes for valuable Eurovision odds.
They’ve gone for a funky tune by Tusse called ‘Voices’ for this year's edition of the contest. Ladbrokes have the Scandinavians at 12/1 to win this year which are decent odds for a country that has come in the top five since 2014 - given Sweden's pedigree, anytime a song from there gains traction it's worth a look
Home Advantage Doesn't Help Eurovision Betting Odds
Switzerland hosted and won the inaugural Eurovision Song Contest in 1956. Luxembourg in 1973 and Israel in 1979 also landed the spoils as the host nation, so it can be done, but in theory, hosting the event does not bode well as the host nation has failed to win The Eurovision Song Contest since Ireland hosted it back in 1994. In fact, since the contest's inception, the host nation has successfully defended its title only six times!
Although not much hope is given to this year's hosts, The Netherlands, who currently trade at 200/1 with Paddy Power, they have selected Jeangu Macrooy as their representative with the song "Birth of a New Age". He was due to compete in the 2020 contest with "Grow" before the event's cancellation and will aim to provide the country with its sixth Eurovision title this year.
Listen to the Experts' Opinions
Momentum always plays a part in identifying favourites coming into Eurovision. With qualifying events and strong social supports, it can be difficult to find value in Eurovision betting markets. Luckily, there are writers, tipsters and commentators galore who know what to look for and how to identify value and back a winner.
This year's fan favourite is expected to be Malta who have submitted a strong entry and have been tipped up by our Eurovision expert Stephen Cass in his Eurovision Antepost Betting Preview. "Je Me Casse" by Destiny Chukunyere is sure to be a hit after the competition, regardless of placement. While Switzerland continues to be well supported, this makes the price on Malta even more appealing at 3/1 with Unibet to win The Eurovision Song Contest for the first time.
Each-Way Betting is the Smart Play
As the number of contestants has risen, preliminary competitions and relegation have been introduced, to ensure that as many countries as possible get the chance to compete.
Although a large number of countries compete in The Eurovision Song Contest not that many of them have an actual chance of winning based on the bookmaker's odds which can lead to some tremendous each-way bets on contestants at the head of the market. Many firms will pay four and sometimes even five places at 1/5 of the odds on each-way bets which provides you with a safety net that if your bet does not win but places you can still ensure a profit.
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