Each year at Los Angeles, all of the beautiful people of Hollywood gather together to hand gold-plated trophies and pat each other on the back in an event called the Academy Awards. The first ceremony took place in 1929, and it has grown into an annual pop culture phenomenon full of style and pageantry. Some watch for the awards, while millions of others tune in to find out what the celebs are wearing on the red carpet.
Along with seeing the event, fans of gambling and/or cinema can take advantage of Oscars gambling. Many sportsbooks offer a smattering of options around awards year, along with the informed cinephile has an chance to wash up on a few well-placed underdog bets.
How Oscar Voting Works
Oscar winners are voted on by the members of the Academy of Motion Picture Arts and Sciences. There are around 6,000 members in this organization, 33% of which are comprised of prior award nominees. The other 67% have been nominated by current members and voted in by the Academy’s governing body.
In most categories, nominees have been dependent on the members of that specific category. For example, directors determine the nominees for Best Director. The finest Picture nominees are voted on by all members, and categories such as Documentary and Foreign Film are selected by a particular panel.
Once the nominees are announced, members can vote in all available categories. The results have been tabulated and announced during the annual telecast of the Oscars (held in late February). Being nominated for an Oscar raises a movie’s revenue, and male actors can enjoy a salary bulge of around 81%.
Academy Award Betting Options
Some sportsbooks supply a vast range of wagers for the Oscars, while some limit the number to one or two. The following are among the most common:
Futures Winner — Many sites offer future bets on Oscar winners prior to the nominations are even announced. The chances are higher because of the degree of doubt, but the possible payout is also higher.
Outright Winner — All these odds are published after the nominees have been announced, and they allow bettors to forecast the winners for a variety of categories. Best Picture and Best Actor are always a given, but some websites may take wagers on Screenplay, Cinematography, and even Best Animated Feature.
Over/Under — If a film is nominated for several Oscars, expect an over/under to be available. In this style of wagering, the bettor must choose if the actual number of awards earned will be higher or lower than the amount listed by the oddsmaker.
Proposition Bets — Also known as”prop bets,” this type of wager can cover a wide selection of subject matter. Examples may include the over/under about the period of the series, the brand of dress worn by a celebrity, or whether the host takes a selfie with somebody during the broadcast. Some oddsmakers can get rather wild with this alternative.
Predicting Oscar Winners
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