The X-Factor Series To Bet On
The X-Factor was created by British music producer Simon Cowell and was seen as a direct replacement for ITV-hit show Pop Idol. The format has been adapted and reformatted across the world with countries such as the Netherlands, Armenia, and Brazil all airing the show in recent years.
The majority of markets and The X-Factor betting tips will revolve around the UK and US versions of the show, with many of the competition's former winners subsequently enjoying successful careers in the music industry.
In a typical 12-month period, there will be at least one series broadcast in the UK, which is handy for those who are learning how to bet on The X-Factor, as this creates ample wagering opportunities throughout the year.
The X-Factor USA was canceled in 2014; however, rumors have persisted that Simon Cowell is planning a reboot of the show in the near future.
A version of the show which featured household names was also aired in 2019, and this spawned many Celebrity The X-Factor betting markets. These proved incredibly popular with fans of the show.
The UK version is regularly aired in the USA, and shows can also be streamed online, so there's no excuse for missing a single minute of the action.
The X-Factor Betting Types
Those who are wondering how to bet on The X-Factor could be forgiven for believing that there is just a single market available per series. However, this could not be further from the truth. Throughout the contest, there are several decisive moments such as judges' houses and boot camp with online betting sites providing The X-Factor betting odds to support these pivotal points.
Each week, online bookmakers will provide multiple opportunities to bet on The X-Factor, with the most prominent of these markets focusing on the next elimination.
The X-Factor Betting Next Elimination
If you're still learning how to bet on The X-Factor, it's important to note that this market is not available throughout the entire series. These odds will become available once the live shows begin, and this market could be vastly different week-to-week. Typically, this market is available until the voting gets underway.
This is one of the most straightforward markets currently available as you are simply required to select which contestant will be eliminated from this week's show. Don't forget to double-check the date of the show before confirming your wager.
If your chosen singer is voted off the show, you will be paid out. In the rare event of a double elimination, online bookmakers will pay out on both contestants.
How to Bet on The X-Factor Winner
Although there are a number of The X-Factor betting odds available, the series winner market is easily the most popular. If you're wagering on this market, your chosen contestant must be successful and secure a record contract at the end of the series.
This tends to be available throughout the entire series, and if you can spot an underdog at an early stage, this is hugely advantageous and has the potential to result in a fairly sizeable profit.
Those who are learning how to bet on The X-Factor should be aware that you will not be paid out on this market until the series has concluded.
How to Bet on The X-Factor Winning Judge
Each of the four judges will be responsible for a team of singers, and they will be required to coach them throughout the remainder of the series. These categories have been altered once or twice since the show was launched, although the majority of singers tend to be split into sections such as 16-25s, over 25s, and groups. The series producers will decide which judge will be responsible for each group.
This betting market will require you to decide which judge has the strongest suit, and if any of their contestants can triumph and earn a record contract, your bet will be paid out.
It is an excellent way of hedging your bets. If you feel as though one of the judges has several talented singers and a better group of contestants at their disposal, then you should back them in this particular market.
The X-Factor Betting Winning Gender
Another popular The X-Factor betting market is winning gender. This could be viewed as a 50/50 market, and occasionally, the odds will reflect that. However, there may be a strong set of female contestants one year, and this is likely to skew the betting odds for The X-Factor in favor of the girls.
If you wager on this market, the winning contestant must be from your chosen gender in order to receive a pay-out.
Live The X-Factor Betting Markets
The show is broadcast live in the UK on a Saturday and Sunday night, and most online betting markets will have live odds, which will fluctuate throughout the course of the contest. You have to be quick to bet on these markets as it's a fast-moving show, and a lot could change in the space of a few minutes.
Where to Bet on The X-Factor
Now that you've learned how to bet on The X-Factor, you'll be wondering where to find the latest odds. Markets become available once all of the contestants are through to boot camp, and the majority of online betting companies will have odds available straight away.
There are several online bookmakers who have The X-Factor betting odds, and these can usually be found in the "TV/Specials" category.