Eurovision Betting Odds - The Best Eurovision Betting Sites In 2022
Eurovision is a competition between many countries with the goal of working together of guessing who will win.
Even though the show itself is very exciting and full of energy, there is a way to make things even more interesting: Eurovision betting odds.
What Is Eurovision?
Eurovisionworld is an international singing competition that has been going on since the 1950s. It is much more than just a random TV show. The best acts from all over the world compete in the contest for fame and national pride.
And unlike some other singing contests, this one finds the best singers. On the Eurovision stage, people like Celine Dion, ABBA, Justin Timberlake, Madonna, and Olivia-Newton John performed.
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What Kind Of Eurovision Bets Can I Make?
Because the competition is simple, there aren't many different kinds of bets you can make. But that doesn't mean you can't have a lot of fun and earn a lot of real money!
The "to win" bet is the most common type of bet. This bet is similar to a futures bet, in which you bet on how the competition will end. It's easy to understand. Choose the act you think will win the whole thing and place a bet on it. You win if you're right.
You can expect that each site will give different Eurovision 2022 odds for each country based on how likely it is that their act will win.
The more likely it is that a country will win, the less money you will get for being right. The odds on Eurovision will also change depending on when you place your bet.
The payouts will be bigger if there are more countries in the competition. So, if you bet before the semi-finals, you should win more than if you bet right before the Grand Final.
At the best Eurovision betting sites, you should also be able to bet on the semis and the competitions for each country. You might be able to bet on the future very early on. You may also be able to place prop bets on whether or not a certain act will move on to the next round.
How Are Eurovision Odds Calculated?
EUROVISION 2022: WHAT ARE THE BETTING ODDS SAYING?
How To Understand Eurovision Betting Odds?
Odds are both how much a winning bet will pay out and how likely it is that something will happen.
Odds in betting are a way to show how likely it is that something will happen.
If the odds are low, it's likely something will happen.
High odds mean it's not likely that something will happen.
Low odds = more likely
High odds = more unlikely
Odds is the payout of a winning bet. Odds tell you how much money you'll win if you bet on something happening. The more you bet, the more you will win if the odds are good.
Low odds = lower win
High odds = higher win
Eurovision Odds 2022
As was already said, odds tell you how likely it is that something will happen. But that's not the end of the story. Eurovision look at four things that could change the odds:
The most important thing for a bookmaker is money. Bookies are in business to make money. And they do everything they can to make sure they don't lose money on bad odds.
They always look at the bets their customers make and who they are on. Even better, this happens on its own. If a lot of people bet on the same song, it's a sign that people think it's a good bet.
In other words, the odds of the song are too high compared to what people expect to get back. So, the odds on this song will automatically go down so that the bookmakers don't lose money.
The bookmakers pay a lot of attention to the odds that other bookmakers offer. Both to be competitive and to see what's going on.
If your neighbor suddenly lowers the odds on a certain song, it could be because more of his or her customers have bet on that song, or it could be because the neighbor knows something you don't.
So, it's better to "play it safe" and copy the neighbor than to take a chance on a song and lose. People often call this process the "Lemming effect."
The oddsmakers put a lot of weight on historical data when they decide how much each participant's song is worth.
If a country has done well at Eurovision in the past, oddsmakers will take that into account when setting the odds.
This is especially true in the beginning when the song hasn't even been released yet.
The people who make the odds look at how good each song is. Is it a good song in general, or do we all agree that it is terrible? There are a lot of things that can affect the judge's decision, such as the trend of the time and what kinds of songs are good for Eurovision.
Most people in Europe, Australia, and Canada use decimal odds, and many people think they are the easiest to understand.
With decimal odds, the number given is the amount you will get back if your bet wins, based on how much you bet.
payout = odds x stake
Ukraine as the winner of Eurovision 2016 had odds of 15.
You bet €10 on Ukraine as the winner of Eurovision 2016.
payout = odds x stake =>
payout = 15 x €10 =>
payout = €150
If you put down €10 that Ukraine would win Eurovision 2016, you would get €150 back.
Fractional odds are popular in the UK and Ireland, but they can be hard to compare and understand. When you see a slash between two numbers, like in 14/1, this is called a fractional odd.
With fractional odds, you can figure out how much money you will win based on how much you bet. The amount you will win is shown on the left (for example, 14). The amount you need to bet is shown on the right.
For example, if the odds are 14/1, you will win €14 for every €1 you bet.
win = odds x stake
The odds of Ukraine winning Eurovision 2016 were 14/1.
You bet €10 that Ukraine will win the 2016 Eurovision Song Contest.
win = odds x stake =>
win = 14/1 x €10 =>
win = €140
If you put down €10 that Ukraine would win Eurovision 2016, you would get €140 back.
The winning chance of an outcome is just converting the odds into a probability percentage chance of success.
- The average odds of each outcome are calculated.
- Then, the Implied Probability (IP) of each outcome is calculated, which is the opposite of the average odds. The IPs of all the events are added up.
- The IP for an event will always add up to more than 100%. Total IP over 100% is the bookmaker's profit.
- Then, each IP is divided by the total IP to get each outcome's percentage chance of success.
Eurovision 2022 Top 10
After the jury scores were added up, Space Man by Sam Ryder from the UK was in first place with 283 points, followed closely by entries from Sweden and Spain with 258 and 231 points, but as we all know, that's not the whole story.
After a very tense vote announcement, it turned out that the people of Europe and Australia gave Ukraine the highest score with 439 points.
When all of these scores were added up, Ukraine won with a total of 631 points.
- 🇺🇦 Ukraine: Kalush Orchestra – Stefania (631 points)
- 🇬🇧United Kingdom: Sam Ryder – Spaceman (466 points)
- 🇪🇸 Spain: Chanel – SloMo (459 points)
- 🇸🇪 Sweden: Cornelia Jakobs – Hold Me Closer (438 points)
- 🇷🇸 Serbia: Konstrakta – In Corpore Sano (312 points)
- 🇮🇹 Italy: Mahmood & BLANCO – Brividi (268 points)
- 🇲🇩 Moldova: Zdob și Zdub & Advahov Brothers – Trenulețul (253 points)
- 🇬🇷 Greece: Amanda Georgiadi Tenfjord – Die Together (215 points)
- 🇵🇹 Portugal: MARO – Saudade Saudade (207 points)
- 🇳🇴 Norway: Subwoolfer – Give That Wolf A Banana (182 points)
Best Eurovision Betting Sites
Online Eurovision 2022 betting enables people from all over the world to place real money wagers on the winners and results of the competition. If you consistently know which acts are going to the next round and which act ends up winning, you can turn that knowledge into cash.
- Sports Interaction
"The more, the merrier" must be the motto when it comes to choosing the best online betting sites for Eurovision.
Some sportsbooks will only offer odds on the Grand Final, while others will also let you bet on the semi-finals and the in-country song choice competitions. You should be looking for the second one.
The recommended betting sites above are the best ones. We won't recommend a betting site for Eurovision unless we're sure it has the most betting options possible.
Competitive Lines And Odds
Eurovision is one of the most watched non-sporting events in the world, so a lot of casual and serious sports bettors tend to watch it.
Even though you can't know for sure who else is betting where you are, there are ways to tell which betting sites are full of sharp sharks and which are full of guppies who just like to play for fun.
If you bet on Eurovision at sites in the first category, the odds may be much worse than elsewhere because the sharks bet down the bets with the highest expected value.
Eurovision 2023 In The United Kingdom
The European Broadcasting Union, or EBU, just put out a statement about Eurovision 2023 and the country that might host it.
The song "Stefania" by Kalush Orchestra from Ukraine won the Eurovision Song Contest 2022 in Turin. Usually, the winning country hosts the next year's contest. However, the EBU has decided that Ukraine will not host the 2023 contest because of the ongoing war there.
The United Kingdom came in second at Eurovision 2022 with "Space Man" by Sam Ryder. The EBU will now start talking with the BBC about the possibility that the United Kingdom will host Eurovision 2023.
The UK has hosted Eurovision eight times already, mostly in the 1960s and 1970s.
StatementFrom The EBU
Following their win at the Eurovision Song Contest (ESC) in May the EBU has been exploring options for the hosting of next year’s competition with Ukraine’s public broadcaster UA:PBC, who previously staged the event in 2017 and 2005.
It has become a well-known tradition that the winner of the Eurovision Song Contest hosts the competition the following year, providing certain criteria including ensuring the viability of staging the event and the safety of all stakeholders, including the public, are met.
Given the ongoing war since the Russian invasion of this year’s winning country, the EBU has taken the time to conduct a full assessment and feasibility study with both UA:PBC and third-party specialists including on safety and security issues.
The Eurovision Song Contest is one of the most complex TV productions in the world with thousands working on, and attending, the event and 12 months of preparation time needed.
Following objective analysis, the Reference Group, the ESC’s governing board, has with deep regret concluded that, given the current circumstances, the security and operational guarantees required for a broadcaster to host, organize and produce the Eurovision Song Contest under the ESC Rules cannot be fulfilled by UA:PBC.
The EBU would like to thank UA:PBC for their wholehearted cooperation and commitment in exploring all scenarios in the weeks since Kalush Orchestra’s win on 14 May in Turin and share their sadness and disappointment that next year’s Contest cannot be held in Ukraine.
The EBU has been supporting UA:PBC across a whole range of areas since the invasion. We will ensure that this support continues so UA:PBC can maintain the indispensable service they provide to Ukrainians.
As a result of this decision, in accordance with the rules and to ensure the continuity of the event, the EBU will now begin discussions with the BBC, as this year’s runner up, to potentially host the 2023 Eurovision Song Contest in the United Kingdom.
It is our full intention that Ukraine’s win will be reflected in next year’s shows. This will be a priority for us in our discussions with the eventual hosts.
Eurovision 2022: Betting Odds Ranking - 17/04/2022
People Also Ask
Is Eurovision Betting Online Safe?
Yes, it is safe to bet on Eurovision online if you choose a site that you know and trust.
What Are The Betting Odds For Eurovision 2022?
At the time of writing, William Hill's odds for the top 10 candidates for Eurovision 2022 are shown below.
- Finland: The Rasmus, ‘Jezebel’ - 80/1
- Norway: Subwoolfer, ‘Give That Wolf A Banana’ – 50/1
- Netherlands: S10, ‘De Diepte’ – 50/1
- Greece: Amanda Tenfjord, ‘Die Together’ – 40/1
- Poland: Ochman, ‘River’ - 40/1
- Spain: Chanel, ‘SloMo’ – 12/1
- Italy: Mahmood and Blanco, ‘Brividi’ – 12/1
- Sweden: Cornelia Jakobs, ‘Hold Me Closer’ – 6/1
- United Kingdom: Sam Ryder, ‘Space Man’ – 6/1
- Ukraine: Kalush Orchestra, ‘Stefania’ – 1/3
Can You Bet On The Eurovision?
Yes, you can bet on Eurovision using the reputable betting sites we have mentioned above.
Future bets on who will win the Eurovision competition are the most popular way to bet on the event. Some sites with Eurovision odds also let you bet on props and results from the semifinals and earlier competitions in each country.
You can check the Eurovision betting odds by using the calculations we used in this article.