Annually at Los Angeles, all of the beautiful people of Hollywood gather together to hand out gold-plated decorations and tap each other on the back in an event known as the Academy Awards. The first service took place in 1929, and it’s grown into an annual pop culture phenomenon filled with fashion and pageantry. Some watch for the awards, while millions of others tune in to see exactly what the celebs are wearing on the red carpet.
Along with seeing the big event, fans of gaming and/or cinema can take advantage of Oscars gambling. Most sportsbooks provide a smattering of options around awards year, along with the informed cinephile has an opportunity 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 members in this business, 33 percent of which can be comprised of former award nominees. Another 67% have been nominated by current members and voted by the Academy’s governing body.
In most categories, nominees are determined by the members of the specific category. By way of instance, supervisors determine the nominees for Best Director. The finest Picture nominees are voted on by all members, and categories such as Documentary and Foreign Film are chosen by a special panel.
Once the nominees are announced, members can vote at all available classes. The results are tabulated and announced during the annual telecast of the Oscars (held in late February). Winning or being nominated for an Oscar raises a movie’s revenue, and male actors may enjoy a salary bump of around 81%.
Academy Award Betting Options
Some sportsbooks supply a vast selection of wagers for the Oscars, though some limit the amount to one or two. Listed below are among the most common:
Futures Winner — Many websites offer you future bets on Oscar winners prior to the nominations are even announced. The odds are higher because of the degree of doubt, but the possible payout is also higher.
Outright Winner — All these odds are released after the nominees have been announced, and they allow bettors to forecast the outright winners for various categories. Best Picture and Best Actor are always a given, however some websites may take wagers on Screenplay, Cinematography, and even Best Animated Feature.
Over/Under — If a film is nominated for several Oscars, expect an over/under to be accessible. In this kind of wagering, the bettor must choose if the true number of awards earned will be greater or lower than the number recorded by the oddsmaker.
Proposition Bets — Also known as”prop bets,” this kind of bet can cover a wide selection of subject matter. Examples might include the over/under about the period of the series, the new apparel worn by a star, or whether or not the host takes a selfie with someone throughout the broadcast. Some oddsmakers can get quite wild with this option.
Predicting Oscar Winners
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