Each year in Los Angeles, all of the gorgeous people of Hollywood collect together to hand gold-plated decorations and tap each other on the back in an event known as the Academy Awards. The first ceremony took place in 1929, and it’s grown into an annual pop culture phenomenon full of style and pageantry. Some watch for the awards, while millions of others listen to see what the celebs are wearing on the red rug.
In addition to seeing the big event, fans of gambling and/or cinema may also take advantage of Oscars gambling. Many sportsbooks provide a smattering of alternatives around awards year, along with the informed cinephile has an chance to wash up on a few well-placed underdog bets.
The Way 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 business, 33 percent of which can be comprised of former award nominees. The other 67% are nominated by current members and voted by the Academy’s governing body.
In most categories, nominees are dependent on 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 selected by a special panel.
Once the nominees are announced, members can vote in all available categories. The results have been tabulated and announced during the yearly telecast of the Oscars (held in late February). Being nominated for an Oscar increases a film’s earnings, and male actors may enjoy a salary bump of up to 81%.
Academy Award Betting Options
Some sportsbooks offer a wide range of wagers for the Oscars, though others limit the number to two or one. Listed below are among the most common:
Futures Winner — Many websites offer future bets on Oscar winners before the nominations are announced. The odds are higher because of the degree of doubt, but the possible payout is also higher.
Outright Winner — All these chances are published after the nominees are announced, and they allow players to predict the winners for a variety of categories. Best Picture and Best Actor are always a given, but a few sites may take wagers on Screenplay, Cinematography, and even Best Animated Feature.
Over/Under — If a movie is nominated for multiple Oscars, anticipate an over/under to be available. In this kind of wagering, the bettor must choose if the true number of awards earned will probably be greater or lower than the amount recorded by the oddsmaker.
Proposition Bets — Also known as”prop bets,” this type of wager can cover a wide range of subject matter. Examples might include the over/under on the length of the series, the new apparel worn by a celebrity, or whether or not the host requires a selfie with someone throughout the broadcast. Some oddsmakers can get rather wild with this alternative.
Predicting Oscar Winners
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