The Academy Awards held annually, also known as the Oscars, are a set of awards for artistic and technical merit in the film industry. The good news is that bettors can place bets on these awards.
Given annually by the Academy of Motion Picture Arts and Sciences (AMPAS), the awards are the pinnacle of recognition for anyone in the film industry as assessed by the Academy's voting membership. With a lot of categories of nominees and would-be winners, there are a lot of bets to wager by optimistic punters.
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Highlights of Oscar Betting
Its highly volatile as news affect odds and outcomes
It consist of “yes” or “no“ bets majorly
Odds decrease as the award night draws closer
With the various categories ranging from best in directors, producers, composers, editors, writers, costume, makeup, hairstyling, and design, but the three most coveted Academy Award titles are: Actor in a Leading Role (Best Actor), Actress in a Leading Role (Best Actress), and Best Picture, this offers punters the best moments to wager on outcomes with amazing odds.
Oscar Betting
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What differentiates the Oscars From Sports Betting?
Betting on the Academy Awards is very different from making a legal online Greyhound bet or backing the betting odds for Daytona 500, in the sense that the results of the event are based on predetermined information. The voters vote a while before the awards even take place. Once nominations begin, the betting markets open till the ceremony takes place, while the deciding votes get tallied about a week before the ceremony.
This time lapse gives you as a bettor up to a month to look at the nominees, get enough info, and analyze precedence which helps inform your potential bets. Basically, in Oscar betting, as a punter, you're competing in a race against the market as you try accessing the same information in order to be a step ahead before the odds conform to the circulating information. This technicality makes Oscars betting different from sports betting because sports betting outcomes are determined when the game is played.
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Oscars Betting Odds
The various big Oscar categories have betting markets with odds.
The persons considered to have the best chances of winning are placed at the top of the odds list of the Oscars and given the shortest odds. The Academy awards generally have the biggest odds before Oscar nominations are publicized in January, however you risk making selections which do not get nominated.
Comparing different types of bets available on Oscars
Bet Type
Winners Bet
Prop Bets
Future Bets
Description
Bookmakers put up the odds once the nominees for the respective categories are announced, usually a few months before the main event. You'll be able to see the categories with the nominees on betting sites, and you'll bet on who you think will win. You'll cash in your bet if they win the award.
Proposition bets are bets placed on aspects of the Oscars that are completely unrelated to the winner in each of the categories. The bets could be related to anything in the ceremony. These bets provide a form of light entertainment for bettors.
Similar to the traditional category winners bet, except you'll be placing bets before the nominations for each of the categories are out.
Focus
Gamblers predict the winners from different movie categories, wagering their money on their predictions for a chance to cash in.
Prop bets put action on the likelihood of an event happening that is related to an aspect of the ceremony or anything really.
Bettors predict the winners before the nominations from a list of all the potential nominees for a chance at more value in profits than in the traditional winners' betting market.
Examples
Bookmakers put up the odds of the usual five to ten nominees a few months before the main event. The odds however will continually change right up until the night of the awards. Gamblers see the categories with the nominees on betting sites and bet on who they think will win.
An example is betting on how long the ceremony will last, if a “thank you” speech will get cut off prematurely by the music or whether there'll be any profanities bleeped out of the live broadcast.
Betting on whether an actor, actress or director will win an award from a list of all the potential nominees, more than the usual five or ten options.
Ease of Prediction
These bets are mostly straightforward and simple. All you have to do is select who wins, and the bet pays out.
The ease of prediction varies as the bets are on various aspects of the ceremony unrelated to the awards.
Much riskier, but it can come with great odds, offering more room for value in profits.
Entertainment Value
Mostly straightforward, the bet centres around the performance of the nominees.
These bets provide a form of light entertainment for bettors.
Similar to the traditional category in the winners bet market.
Oscar Betting Tips and Strategies
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You should follow the best Academy Award Insiders on Twitter or Facebook.
There are academy award insiders you can follow on Twitter. They usually have up to the minute news and provide opinions of different members of Hollywood who may make predictions on the award winners. So, you should ensure you follow the Oscars news on Twitter weeks before the awards are given.
You should look for the Major Award Winners preceding the Oscars
Some awards serve as foresight to the Oscars, such as the Golden Globes, Critics Choice and Screen Actors Guild (SAG) awards. Those with votes for the Oscars usually tend to avoid selecting the exact winners, though predicting 70+% of the night winners such as the Critic’s Choice Awards is quite a solid rate.
Do not Bet on Underdogs
Generally, one huge mistake in betting, is seeking value when there isn’t one. Usually, we’re aware of which film is to win Best Picture, but sometimes chase the underdogs for a minute chance of more substantial returns. So make a correct bet, as a good bet is a correct bet and it doesn’t matter if the favorite is the one which gets you making money.
You should watch the Red-Carpet Show
Another useful option is to closely follow talking heads on the red carpet. It’s natural for opinions to be voiced, some opinions are even regarded as expert opinions as the Hollywood community is a closely wound one with its members privy to useful information.
So, hours before the Academy Awards begin you can enjoy the red-carpet show for tips. Though the questions and answers might seem trivial, they actually aid in predicting the significant categories for Oscar betting. You shouldn’t do away with them as the talking heads you see on TV have sources privy to them as well as friends who could have leaked some info to them.
You need to pay attention to Social Media Trends
Right from the Oscar nominations to the week of the Oscar award ceremony, social media apps like Twitter are really beneficial. Some movements in the Academy Awards, come with political intentions, for instance the movie” Moonlight” was awarded the Best Picture in 2016 after a protest that the 2015 nominations were all white.
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The best bookies who offer the best deals for Oscar betting?
Over the years, the Oscar betting has become very popular, and it keeps gaining more popularity, that it why there are a lot of bookies out there who now offer these deals. However, not all bookies offer great deals as regards. All you need to do is just to visit our
sports betting
comparison page to select the bookie of your choice from a long range of options. You can choose whichever bookie meets your taste, convenience, requirements and offers the best odds deals!
FanDuel
FanDuel is one of the best Oscar betting bookies that offers the best deals and value on odds. The bookie offers lines on all 24 Academy Award Categories, outshining the competition. This means that you can bet on lesser known awards, like Best Makeup and Best SoundMixing. FanDuel also allows new users to make a firstbet of $5 and get up to $150 in free bets. This deal allows betting on the Oscars to contribute to turnover in profit.
Besides the standard money lines, point spreads and totals, FanDuel offers an impressive range of props and future bets on all sports. The odds on these bets are also very competitive when compared to other bookies. There is also a massive selection of bonuses available at FanDuel featuring juicy welcome rewards and bonus codes.
The FanDuel webpage also works really well on mobile devices, with the graphics maintaining a high quality. Navigation is easy and the website can be saved to your mobile homepage for quick access, just like a downloaded app. The bookie also has one of the best mobile apps in the entire online sports betting industry. The user experience, ease of depositing and withdrawing funds, and the full betting menu have them near the top of the class among bookies.
Pros and Cons of Fanduel
A big welcome bonus to new customers
Fast and secure payouts within 48 hours
Top Rated 24/7 customer service
Available to players in the US
Compatible with Android, iOS and Windows devices
No pool wagers
Conclusion: Oscar Betting Is a fun place to put money
As discussed in the article, it is always an exciting time to have a room packed full with celebrities from the entertainment industry all with the potentials to put some money in your pocket. Use the information we have provided in the article prudently, and you will find out there is so much fun in the Oscar Betting experience than you can ever imagine.
Whatever the sport. Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
Oscar betting is the process of wagering on the results of the Academy Awards- the Oscars. Players can bet on different award categories like best actor, best picture, cinematography, and others. Again, Oscar betting is based on predetermined information.
🔍Where can I place bets on the Oscars?
There are several sportsbooks and sites that offer Oscar betting chances. One site that we recommend is FanDuel, which offers lines on all 24 award categories and presents competitive odds. However, we advise you assess other bookmakers to get the best deals.
🤔What strategies can improve my chances of winning Oscars bets?
First, you can follow the Award Academy insiders on their social platforms to get the latest news and predictions. Again, you can monitor other Award platforms like the Golden Globes and Critics Choice awards to predict potential Oscars winners. Further, we advise against betting on underdogs unless players are absolutely sure or have strong evidence. Finally, players can watch the red carpet shows just before the main event to get expert opinion.
📱What makes Oscar betting different from sports betting?
It differs from sports betting because its outcomes depend on votes cast prior to the event. Whereas, sports betting is based on live events.
Whatever the sport. Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.
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