The 91st edition of the Academy Awards will commence on Feb. 24. Now that sports gambling is spreading across the nation, here’s a handy guide for the way to bet on the Oscars this year.
Wait, you can legally bet on the Oscars?
In fact, yes. Many sportsbooks in New Jersey have established moneylines for many of the major categories.
Moneylines are an ideal betting type for this type of wagering because they are bets about the ultimate winner of the Oscar. The tricky part, instead, is determined by the wagering payouts and amounts.
Bettors have no doubt seen moneylines before — they’re denoted by the three-digit number next to every choice on an odds display board. But, sportsbooks interpret those amounts depending upon their own sign.
A favorable moneyline is a statement about how much a $100 bet will pay out. Therefore, a movie or actor listed at +200 for their group would cover $200 for a $100 bet, and the proportional equivalent for other quantities.
Conversely, a negative moneyline is the sum a bettor must bet in order for a $100 payout. Therefore, a movie or celebrity listed at -200 will require a $200 bet to cover $100. To put it differently, the same $100 bet in the last paragraph would just receive a $50 settlement.
Where can somebody bet on the Oscars?
At this time, there are only a few select 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 combine these four because the ceremony draws closer. Frankly, a number are probably still recovering from the Super Bowl.
But, bettors may start making wagers on those 3 sportsbooks. Here are a Few of the Present moneylines for the Significant categories (based on 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)
Finest Director Alfonso Cuaron (-1200)
Yorgos Lanthimos (+2500)
Spike Lee (+700)
Adam McKay (+2000)
Pawl Pawkikoski (+2000)
Finest Actor
Christian Bale (+170)
Bradley Cooper (+900)
Willem Dafoe (+4000)
Rami Malek (-225)
Viggo Mortensen (+2000)
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