Most people know sports betting and casinos exist. Many people also know it is possible to bet on sports and casino games online. However, it will come as a surprise to many movie fans that it is possible to bet on the box office. It’s a fun and exciting opportunity to bet on the movie industry and, on this page, we have all the information you need to get started.
Box Office Opening Weekend
One of the best and most popular ways to bet on movies is during the weekend release of the potential latest blockbusters. If you think an upcoming movie is going to break records or could perform much better or worse than predicted at the box office, you could make money by placing a bet. Box office betting works with online bookmakers setting an over/under figure for the opening weekend gross takings of a movie. For example, the set figure could be $50 million, and you must decide if you think the movie will take more or less than that number. You bet on over or under the figure and wait for the official gross amount for the movie to be released.
Tips for Betting on the Box Office
There is no way to 100% know if a movie is going to perform under or over the stated figure at an online bookmaker. Much like games from the top crypto casino selection, you will rely partly on luck when playing the games but, you can use information to your advantage rather than simply make a guess.
One of the top tips for betting on the box office for movie fans is to assess the actors and actresses in the movie. Are there any big names in the movie that will attract cinema goers, regardless of the movie genre? Are there any other big movie releases on the same weekend? While some people will happily attend more than one movie on the same weekend, more casual film goers will choose to watch one. So, if there is big competition on that specific weekend, it could drive down the number of people buying tickets for each movie.
A clever way to gauge the interest in a movie ahead of the opening weekend is to track advanced ticket sales and monitor the buzz on social media. If there is massive hype surrounding a movie release, there is a good chance it will outperform the figure set by the bookmakers. However, if there is big hype around a movie but there other, equally awaited films opening on the same weekend, the numbers could be lower than anticipated.
Awards Season
In addition to betting on the box office, another fantastic way to bet on movies is during awards season. The Oscars is a wonderful example and there are many betting opportunities for the Academy Awards, including Best Picture, Best Actor/Actress, and Best Director. You can also bet on the Golden Globes and BAFTA Awards, adding an extra thrill to awards night.
