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How to Bet on the Nobel Prize

The Nobel Prize is an award given to the person or organization that makes the most impact on the world in one of six categories. The Nobel Committee presents the awards each year on December 10th.

And guess what? You can bet on the Nobel Prize online. The only caveat is that you need to join one of the best Nobel Prize betting sites.

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You need to join the top sites for betting on the Nobel Prize because not every site offers Nobel Prize odds, and not every bookmaker that does is worth joining. But the betting sites we recommend are, and we’ll explain why in this guide.

We’re going to cover a lot of useful information for real money Nobel Prize betting.

  • Details about the Nobel Prize
  • The past Nobel Peace Prize winners in the last 19 years
  • How to choose the best Nobel Prize betting sites
  • Nobel Prize betting tips and strategies
  • Answers to questions about betting on the Nobel Prize online

If you want to bet on the Nobel Prize but you need a little help getting started, this guide should be all you need.

Best Nobel Prize Betting Sites in 2021

Best Nobel Prize Betting Sites

There are dozens of betting sites on the internet. Every single one of them is happy to take your action, unless you’re a consistent winner. In which case, some sites are happy to send you somewhere else.

But not all these sites are worth joining. In fact, there are some sites that are actually dangerous.

“Dangerous” betting sites make up the minority, but they do exist. Then, there are all the average betting sites you can join.

We don’t know about you, but average isn’t good enough. No, we want to only join the top-rated betting sites, the very best sites for betting on the Nobel Prize online. But how do you find one?

Well, we found many of our favorites through firsthand experience. We’ve spent many years gambling online for real money, and that includes betting on markets like the Nobel Prize. So, we endorse many of the betting sites we use ourselves.

But those aren’t the only sites we recommend, though. We also recommend online betting sites that we discovered after lots of testing, research, and comparing sites head-to-head.

Here are some of the things we look for, test, and compare.

  • If the betting site has a current gaming license
  • Whether they have a positive reputation (they’re not on any blacklists)
  • How quickly they pay out winnings
  • If they have any welcome bonuses, free bet offers, and rebate deals
  • How well their betting platform is designed and if it’s easy to use
  • If they offer mobile betting and if they’re compatible with all major mobile devices
  • The banking method each site accepts, their banking limits, and if they charge fees on deposits and/or withdrawals.
  • If the betting site allows winning bettors or if they ban them from their platform or give them different odds (dual lines)
  • How much you can bet or win on novelty bets (like the Nobel Prize)

We have found that these things have the biggest impact on the quality of a betting site and how enjoyable they are to use.

So, while you can try to find a betting site on your own through years of experience (like us), just know that this is the slower and riskier process.

A faster approach, and smarter bet, is to join one of the top Nobel Prize betting sites we recommend. We’ve vetted each one, so we know with 100% certainty that these are the best sites for betting on the Nobel Prize online.

But why not find out for yourself? Join one of the betting sites we recommend and start placing your Nobel Prize bets today.

Tips for Betting on the Nobel Prize Online

It’s tough to make money from betting on the Nobel Prize because there isn’t much or any data or patterns for you to use.

The good news is that most online sportsbooks and bookmakers post odds for the Nobel Peace Prize, so you at least have an idea of the current events and people you need to pay attention to each year.

That’s our biggest tip, too, staying on top of current events to see who or what embodies what the Nobel Peace Prize represents. And that is someone who has, “done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses.”

But you don’t want to stop at current events. There are a few other things you can do to increase your odds of making winning Nobel Prize bets.

There are a few things we suggest you start with first.

Shop for the Best Nobel Prize Odds

The Nobel Prize doesn’t announce who the nominees are, so betting sites that offer Nobel Prize odds have to guess who they think can win and how likely they are to win.

Since this is subjective, the Nobel Prize betting sites will be all over the place with their odds. So, don’t take the first line you see. Shop around and ensure that you’re getting the best price available.

Keep in mind that you’ll need at least two betting site accounts to use this tip. But we recommend you have anywhere from three to five to give yourself the best chances of finding the best Nobel Prize odds.

Take Advantage of Betting Promotions

It’s tough to make money betting on the Nobel Prize, so why not take advantage of a betting promotion or two to see if you can’t offset some of your risk?

Here are a couple of offers we recommend you try to find.

Deposit Bonus
This is an offer in which the betting site matches a percentage of your deposit. For example, you can get $1 for every $1 you deposit (from a typical bonus).
Rebates
This is an offer in which the betting site will give you a percentage of your net losses for the last week. For example, if you lost $100 one week and the betting site offers an 8% rebate, you’ll get $8 back.
Free Bets
Many betting sites offer free bets. With these offers you can make a bet and if that bet loses, the betting site will reimburse you.

Keep in mind that not every betting site offers these promotions and, even if they do, they might not let you use it for betting on the Nobel Peace Prize.

Our betting site reviews will tell you for sure. You can also read the bookmaker’s promotion terms and conditions.

Bet on Multiple People

One way to hedge your bets is to make bets on multiple potential winners. Of course, you don’t want to bet on so many people or make so many longshot bets that, if you lose, you walk away with nothing.

But if you can get a good price (even if it means wagering at different online betting sites), you can make multiple selections. This will increase your chances of making a winning bet. Just make sure you do the math first, so that any bet you make has the chance to help you breakeven or turn a (small) profit.

Look for the Most Common Choice

The Nobel Prize doesn’t announce nominees so betting sites have to predict who think will win. No one knows who will win for sure, but odds are, many betting sites will have similar predictions.

Why not find the common predictions between them and, if you can get a good price, consider betting your money on them?

Find Value

You might be wondering, “How do I make money betting on the Nobel Peace Prize?” The truth is that some of it is pure luck. No one even knows who the nominees are, so you’re betting blind to some extent. You might bet on someone or something that wasn’t even nominated for a prize.

But there is a skill element, and you can find bets that you believe have value.

A bet that has value is simply a bet where you feel the odds are higher than they “should” be.

We’ll give you an example so you can see what we mean.

Take the 2020 Nobel Peace Prize. Many betting sites had the Black Live Matter movement, President Donald Trump, and Microsoft Co-Founder Bill Gates priced at +1600.

Given what the Peace Prize stands for, and him being a controversial choice, we could automatically remove President Trump from the list. He may be a longshot to win.

Now, between BLM or Bill Gates, who would you think is more likely to win? We’d probably lean more towards BLM, given the George Floyd protests that took place throughout 2020.

So, let’s look at the odds (+1600). You have to ask yourself if you think that BLM has more than a 6% chance of winning (your breakeven point at this price).

If you do, then this line is underpriced. The more you think that they will win, the higher their chance.  And the more valuable the bet is, the more likely you should bet on it.

That’s how you find bets with value, and that’s how you make money betting on the Nobel Prize.

What Is the Nobel Prize?

Inventor Alfred Nobel came up with the idea for the Nobel Prize after reading his own (premature) obituary titled, “The merchant of death is dead,” referring to one of his many inventions — dynamite.

Concerned about his legacy, Nobel stated in his will that he wanted his fortune to be used as an award, recognizing “those who, during the preceding year, shall have conferred the greatest benefit on mankind.”

The Nobel Committee presented the first award in 1901, five years after his death. Today, they give the Nobel Prize to up to three people in each of the following six categories.

  • Physics
  • Chemistry
  • Medicine
  • Literature
  • Peace
  • Economics Sciences

Every winner of the Nobel Prize receives a medal, diploma, and $986,000 in prize money.

The Nobel Prize Nomination Process

The nomination process takes more than a year. There are four organizations that award the prizes.

  • Royal Swedish Academy of Sciences (Physics, Chemistry, Economics)
  • Karolinska Institute (Medicine)
  • Swedish Academy (Literature)
  • Norwegian Nobel Committee (Peace)

Each organization sends nomination forms to academics, governments, and former and current members of the Nobel Committee. They send the forms out approximately 16 months in advance.

The deadline for the nominations and proposals for why someone should win are due the following January. The Nobel Committee doesn’t announce who the nominees are, and the winners aren’t announced until December 10th.

All nomination records are sealed for 50 years after that year’s awards. This creates a tricky situation for betting sites and bettors, as you must guess who you think deserves a Nobel Award.

This makes it harder to make profitable bets. We’ll give you some tips in a few minutes that will hopefully make it a little easier.

Past Nobel Peace Prize Past Winners

The Nobel Peace Prize is considered the most prestigious award to win out of all six Nobel Prize categories. Here are the winners of the Nobel Peace Prize since 2000.

YearWinner
2000 President Kim Dae Jung (South Korea)
2001The United Nations and Secretary-General Kofi Annan (Ghana)
2002Former President of the United States Jimmy Carter (USA)
2003 Shirin Ebadi (Iran)
2004 Wangari Maathai (Kenya)
2005The International Atomic Energy Agency (IAEA) and Mohamed ElBaradei (Egypt)
2006Muhammad Yunus and Grameen Bank
2007 Intergovernmental Panel on Climate Change (IPCC) and Albert Arnold Gore Jr.
2008Martti Ahtisaari
2009 Former President of the United States Barack Obama (USA)
2010 Liu Xiaobo
2011Ellen Johnson-Sirleaf, Leymah Gbowee, and Tawakkol Karman
2012 European Union
2013 Organisation for the Prohibition of Chemical Weapons
2014Kailash Satyarthi (India) and Malala Yousafzai (Pakistan)
2015Tunisian National Dialogue Quartet
2016Juan Manuel Santos (Colombia)
2017 International Campaign to Abolish Nuclear Weapon
2018 Denis Mukwege (DRC), Nadia Murad (Iraq)
2019 Abiy Ahmed (Ethiopia)

Most sportsbooks offer betting odds on (only) the Nobel Peace Prize, so if you plan to bet on the Nobel Prize online, you might want to pay the most attention to current events revolving around this category.

Nobel Prize Betting FAQ

When are Nobel Prizes awarded?
AThe Nobel Committee announces the prize Nobel Prize winners every December.
Can you bet on the Nobel Prize legally?
AWe can’t say if you can bet on the Nobel Prize legally. But it’s possible to bet on the Nobel Prize online legally if you’re in an area that allows it and you are betting at a top-rated betting site.
Which is the best site for betting on the Nobel Prize?
AWe have tested and researched countless betting sites and have listed our top picks on this page.
Are Nobel Prize betting sites safe to use?
ANot every Nobel Prize betting site is safe to use. But the Nobel Prize betting sites that we recommend are safe to use. We wouldn’t endorse them otherwise.
How long will it take to receive my winnings?
AIt depends on the betting site and the banking methods you use. You can expect most sites to cash you out in as little as one hour (if you use cryptocurrency) to as long as 10 to 15 business days (for a check or wire).

Concluding our Nobel Prize Betting Guide

The Nobel Prize is a set of prizes given each year to the people who are benefiting the world the most in one of six categories. The Committee announces the winners every year on December 10th.

You can bet on who you think will win, but it’s tricky because the Nobel Committee doesn’t announce who the nominees are. The bookmakers have to guess who they think is worthy of one of the most prestigious awards in the world.

The good news is that we’ve given you a few tips to help you make profitable Nobel Prize bets. Just stay on top of current events, take advantage of promotions, find bets with value, and more.

You can use these tips at all the betting sites we recommend, the best Nobel Prize betting sites online. We’ve vetted each one, so you know they’re as safe and secure as they come.

So, what are you waiting for? Join one or two (or three or four) of our recommended sites and start placing your real money wagers on the Nobel Prize now!