Since 1927, Time magazine has released an annual issue featuring a person, group of people, object or idea on its cover. Often an interesting topic of debate, Time Person of the Year betting now gives bettors the chance to make money from it. Is there value in the Time Person of the Year odds? Read on to find out.
Time Person of the Year betting: The basics
Before analysing the Time Person of the Year odds, it is important to understand what it means to be Person of the Year, how the decision is made and why the history of the annual tradition is important.
Many believe the Time Person of the Year is intended to feature someone who has had a positive impact in that year but this is a common misconception. In fact, according to Time’s former Managing Editor Walter Isaacson, the title is given to “the person or persons who most affected the news and our lives, for good or ill, and embodied what was important about the year, for better or for worse.”
Emmanuel Macron, Donald Trump, Kim Jong-Un and Angela Merkel make up four of the top seven in the betting.
The Person of the Year is announced in early December (before the magazine is sent to the printers to avoid the decision being leaked) and the selection process begins in September of every year. Time canvases all employees for potential candidates and holds an online poll for its reader’s before narrowing down the options.
Very few people are involved in the final decision and it is still an incredibly secretive process. Despite only a couple of Time editors knowing who will be Time Person of the Year, it is still a unique betting market as some people will have prior knowledge of who the winner is.
Time Person of the Year: A brief history
Charles Lindbergh became the first Time Man of the Year in 1927 after he completed a solo crossing of the Atlantic earlier that year. Various reasons are given for the birth of the Person of the Year idea - Time claims their editors needed something for the magazine’s cover during a lull in newsworthy stories. However, many believe it was to make amends for failing to cover the story of Lindbergh’s flight from New York to Paris.
The magazine’s annual feature changed its title from Man of the Year to Person of the Year in 1999 - women had been named Woman of the Year in previous issues; Wallis Simpson (1936), Queen Elizabeth II (1952) and Corazon Aquino (1986). Angela Merkel became only the fourth woman to be on the cover by herself (and the first under the new title) in 2015, but several have featured as part of a group - namely “American Women” in 1975.
The fact that Donald Trump was Time Person of the Year last year shouldn’t put bettors off - 15 people have featured on the cover on multiple occasions.
There’s been plenty of controversy concerning the Time Person of the Year throughout its history. Adolf Hitler (1938), Joseph Stalin (1939 and 1942) and Ayatollah Khomeini (1979) are a few examples of more unpopular choices in recent years; showing that it is the criteria of the award that mattered most, not society’s perception of individuals, groups, objects or ideas.
It is important to note that controversial decisions have been few and far between in the magazine’s modern history. The notion of a softer approach is perhaps best exemplified in Time’s 2001 issue where Rudolph Giuliani features as Person of the Year (as opposed to Osama Bin Laden). There is also an article in the 2001 issue that suggested Adolf Hitler was the strongest candidate for the Person of the Century feature (Albert Einstein featured on the cover).
Time Person of the Year odds: Who could win?
The Time Person of the Year betting market is full of potential winners and considering the surprise results in the past, no one can be written off from featuring on the cover (even Daenerys Targaryen - who regularly features in Game of Thrones betting - priced at 160.100* to be Time Person of the Year).
Many believe the Time Person of the Year is intended to feature someone who has had a positive impact in that year but this is a common misconception.
Political figures always feature at the top of the betting so it comes as no surprise that Emmanuel Macron (1.666*) is favourite. Along with Donald Trump (3.680*), Kim Jong-Un (6.780*) and Angela Merkel (9.870*) these make up four of the seven people priced under 10.00.
The fact that Donald Trump was Time Person of the Year last year shouldn’t put bettors off - 15 people have featured on the cover on multiple occasions. However, Trump would be the only person to feature on the cover by themselves in consecutive years - Richard Nixon featured by himself in 1971 and alongside Henry Kissinger in 1972. Franklin D. Roosevelt has been on the cover on three separate occasions (1932, 1934 and 1941).
Colin Kaepernick would have previously been thought of in terms of NFL betting but the impact his U.S national anthem protest has had means he is now priced at 7.650* in the Time Person of the Year odds. Conor McGregor is another sportsman at the top of the betting, currently priced at 8.129*.
Now that you know what the Time Person of the Year is, its history and how the decision is made, you can analyse the list of potential candidates in Pinnacle’s Time Person of The Year betting market and take advantage of the best odds online.