Annually in Los Angeles, all of the beautiful people of Hollywood gather together to hand out gold-plated decorations and pat each other on the back in an event called the Academy Awards. The first service took place in 1929, and it’s grown into an yearly pop culture phenomenon full of fashion and pageantry. Some watch for the awards, while countless others listen to find out exactly what the celebs are wearing on the red rug.
In addition to watching the big event, fans of gaming and/or cinema can also take advantage of Oscars gambling. Most sportsbooks provide a smattering of options around awards season, and the savvy cinephile has an opportunity to wash up on a couple of 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 approximately 6,000 associates in this organization, 33 percent of which are comprised of prior award nominees. The other 67% are nominated by current members and voted by the Academy’s governing body.
In most categories, nominees have been dependent on the members of that specific category. By way of instance, supervisors determine the nominees for Best Director. The Best Picture nominees are voted on by all members, and groups like Documentary and Foreign Film are selected by a particular panel.
After the nominees are announced, members may vote at all available classes. The results are tabulated and announced during the yearly telecast of the Oscars (held in late February). Being nominated for an Oscar raises a movie’s earnings, and male actors can enjoy a salary bulge of up to 81%.
Academy Award Betting Options
Some sportsbooks supply a vast selection of wagers for the Oscars, though others limit the number to one or two. Listed below are among the most common:
Futures Winner — Some websites offer you future bets on Oscar winners before the nominations are even announced. The odds are greater due to the degree of doubt, but the potential payout is also greater.
Outright Winner — These chances are released after the nominees have been announced, and they allow players to forecast the outright winners for various categories. Best Picture and Best Actor are always a given, but some websites may take wagers on Screenplay, Cinematography, and even Best Animated Feature.
Over/Under — If a movie is nominated for multiple Oscars, expect an over/under to be accessible. In this style of wagering, the bettor should choose if the actual number of awards won will probably be higher or lower than the number recorded by the oddsmaker.
Proposition Bets — Also known as”prop bets,” this kind of bet can cover a wide range of subject matter. Examples might include the over/under about the period of the series, the brand of apparel worn by a celebrity, or whether the host requires a selfie with someone throughout the broadcast. Some oddsmakers can become quite wild with this alternative.
Predicting Oscar Winners
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