The 91st edition of the Academy Awards will commence on Feb. 24. Now that sports betting is spreading across the country, here is a useful guide for how to wager on the Oscars this year.
Wait, you can legally bet on the Oscars?
In reality, yes. Many sportsbooks in New Jersey have created moneylines for lots of the major categories.
Moneylines are an ideal betting type for this type of wagering since they are bets about the eventual winner of the Oscar. The tricky part, rather, 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 chances display board. But, sportsbooks interpret those numbers based upon their sign.
A positive moneyline is a statement regarding just how much a $100 bet will pay out. So, a film or celebrity listed at +200 for their category would pay out $200 for a $100 bet, and the proportional equivalent for different amounts.
Conversely, a negative moneyline is that the amount a bettor must wager in order to receive a $100 payout. Therefore, a film or actor listed at -200 will need a $200 bet to pay out $100. In other words, the same $100 wager in the last paragraph could just receive a $50 settlement.
Where can somebody bet about the Oscars?
Currently, there are just a few pick New Jersey sportsbooks offering bets on the Academy Awards. DraftKings Sportsbook, FanDuel Sportsbook, BetStars NJ, and PointsBet will take bets on the outcome of the nominations.
More New Jersey sportsbooks are likely to combine these four as the service draws closer. Frankly, a number are probably still recovering from the Super Bowl.
However, bettors may already start making wagers on those 3 sportsbooks. Here are a Few of the current moneylines for the major 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)
Finest Manager 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)
Read more: https://footballdialogue.net/us-open-odds/