The 91st edition of the Academy Awards will commence on Feb. 24. Now that sports betting is spreading across the nation, here’s a handy guide for how to bet on the Oscars this year.
Wait, you can legally bet on the Oscars?
In reality, yes. Several sportsbooks in New Jersey have established moneylines for many of the major categories.
Moneylines are an perfect gaming type for this kind of wagering because they are bets about the eventual winner of the Oscar. The tricky part, instead, is determined by the wagering amounts and payouts.
Bettors have no doubt seen moneylines before — they are denoted by the three-digit number near every choice on an chances display board. However, sportsbooks interpret those numbers depending upon their own sign.
A positive moneyline is a statement about how much a $100 wager will cover. Therefore, a movie or celebrity listed at +200 for their category would cover $200 for a $100 wager, and the proportional equivalent for different amounts.
Conversely, a negative moneyline is that the amount a bettor must bet so as to receive a $100 payout. Therefore, a film or actor listed at -200 would require a $200 wager to cover $100. To put it differently, the same $100 wager in the previous paragraph would only receive a $50 settlement.
Where can someone bet about the Oscars?
At this time, there are just a few pick New Jersey sportsbooks offering bets on the Academy Awards. DraftKings Sportsbook, FanDuel Sportsbook, BetStars NJ, and PointsBet will accept bets on the outcome of the nominations.
More New Jersey sportsbooks are likely to join these four because the ceremony draws closer. Frankly, many are probably still recovering from the Super Bowl.
However, bettors may already start making wagers on those three sportsbooks. Here are some of the Present moneylines for the Significant categories (according to FanDuel):
Best Picture
A Star Is Born (+1100)
BlackKKlansman (+1400)
Black Panther (+1600)
Bohemian Rhapsody (+1800)
The Favourite (+700)
Green Book (+330)
Roma (-175)
Vice (+5000)
Best Manager Alfonso Cuaron (-1200)
Yorgos Lanthimos (+2500)
Spike Lee (+700)
Adam McKay (+2000)
Pawl Pawkikoski (+2000)
Best Actor
Christian Bale (+170)
Bradley Cooper (+900)
Willem Dafoe (+4000)
Rami Malek (-225)
Viggo Mortensen (+2000)
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