Annually at Los Angeles, all of the gorgeous people of Hollywood gather together to hand out gold-plated decorations and pat each other on the back in an event called the Academy Awards. The first service took place in 1929, and it’s grown into an yearly pop culture phenomenon full of fashion and pageantry. Some watch for those awards, while countless others tune in to see what the celebs are wearing on the red carpet.
In addition to seeing the big event, fans of gambling and/or cinema can take advantage of Oscars betting. Many sportsbooks offer a smattering of alternatives around awards year, along with the savvy cinephile has an chance to clean up on a couple of underdog bets.
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 associates in this organization, 33 percent of which are comprised of former award nominees. The other 67% have been nominated by current members and voted in by the Academy’s governing body.
In most categories, nominees are dependent on the members of the particular category. For instance, directors determine the nominees for Best Director. The Best Picture nominees are voted on by all members, and groups like Documentary and Australian Film are selected by a particular panel.
Once the nominees are announced, members can vote in all available categories. The results are tabulated and announced during the annual telecast of the Oscars (held in late February). Winning or being nominated for an Oscar increases a film’s revenue, and male celebrities may enjoy a salary bulge of around 81%.
Academy Award Betting Options
Some sportsbooks supply a wide selection of wagers for the Oscars, though some limit the amount to one or two. Listed below are among the most frequent:
Futures Winner — Many sites offer future bets on Oscar winners prior to the nominations are announced. The chances are greater because of the degree of uncertainty, but the possible payout is also higher.
Outright Winner — 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, however some sites may take wagers on Screenplay, Cinematography, as well as Best Animated Feature.
Over/Under — If a movie is nominated for multiple Oscars, expect an over/under to be accessible. Within this style of wagering, the bettor should choose if the actual number of awards won will be higher or lower than the number listed by the oddsmaker.
Proposition Bets — Also called”prop bets,” this kind of bet can cover a wide range of subject matter. Examples might include the over/under about the period of the show, the brand of dress worn by a star, or whether or not the host requires a selfie with somebody throughout the broadcast. Some oddsmakers can get quite wild with this alternative.
Predicting Oscar Winners
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