Over the past decade, online gamblers have become more fascinated by American Idol. Sports books started offering odds on the popular reality competition, and gamblers responded by placing millions of dollars in bets at Las Vegas sports books. Now, this season has come down to just two contestants.
Scotty McCreery and Lauren Alaina offer bettors completely different odds when it comes to betting the finale. McCreery is the favorite, with odds of -250. That means gamblers would have to bet $250 to win $100. Those odds are short because McCreery has seemingly become the favorite of American voters.
Alaina offers the other end of the spectrum. At +350, the sixteen year old gives gamblers the chance to bet the underdog. Alaina started the competition as a 10/1 choice, but coming into last week, Alaina was the third choice of odds makers.
Haley Reinhart was the second betting option, but she was eliminated, sending betting tickets into trash cans all along the Las Vegas Strip. With Reinhart out, conventional wisdom says that Alaina may pick up some of the votes that Reinhart had been receiving.
McCreery is looking to go wire to wire in the competition. When the first set of odds were released for this year’s group of participants, McCreery was the favorite. At that time, McCreery had odds of +820. Any bettor who jumped on those odds is staring at a nice payday should McCreery emerge victorious. Those odds, however, did not last long, with McCreery shooting to the top of the fan favorite list early on in the live shows.
With American Idol wrapping up, gamblers may soon turn their attention to former Idol judge Simon Cowell’s new competition. X-Factor has been a huge hit overseas, and Cowell has reunited with former judge partner Paula Abdul on the new show. Fans have been eagerly awaiting the return of Cowell as a judge of American talent.
American Idol’s final showdown will take place on Tuesday this week instead of the customary Wednesday slot. Wednesday is the last day of the Nielsen ratings for the spring, causing Idol to move up their finale one day, from Thursday to Wednesday.”