The Academy Awards aka Oscars is the most recognized and famous award show there is. The award show is becoming more and more international by the day. The same popularity resonates in entertainment betting when it comes to the Oscars. Hence, Oscar season is the most awaited season in the entertainment betting industry as well. Therefore the trend of learning how to bet on Oscars is increasing. Online sportsbook guides for beginners are including the top sites for Oscar bets.
One of the main reasons Oscars’ popularity is this prevalent is due to the immense level of social media recognition. The buzz starts months before the live broadcast of the award show. For gamblers who are fans of both the entertainment industry and wagering, Oscar betting is the perfect entertainment opportunity for them. Let’s take a look at how to bet on the Oscars and the best strategies to use.
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How to bet on the Oscars
Similar to other types of bettings, entertainment betting does require some if not a lot of research. Like in sports betting, it counts as a significant advantage to know the standings of different teams or players. Entertainment betting is no different, in some ways it is easier to predict the winner than in sports events.
Another similarity between the two is the various ways to bet on the Oscars. Other than the Moneyline bets, the online sportsbooks offer prop bets which make the entire escapade more exciting. Let’s take a look at the various types of Oscar bets that online sportsbooks offer:
Moneyline bets
The Academy Awards is hosted by a celebrity who usually belongs to the acting side of the industry. The host’s job is to run the show providing entertainment as well as announcing the categories for the awards. The Oscars comprise several categories that cover the most prominent segments of the entertainment industry. Online betting sites offer Moneyline bets for their categories. After the initial locking down of nominees, online betting sites will provide odds on them. These odds depend on how well the movies, actors, directors, etc performed. Let’s take a look at these categories:
Best Picture
This is perhaps the most significant award category for The Academy Award show. This award goes to the best movie from the previous year. The best picture award is the last award in the ceremony and is usually the most anticipated one. The odds for these awards are available as soon as the Oscars announce the nominations. However, in some cases, it starts appearing a few months in advance if a specific movie is garnering excellent reviews. With the win of Parasite in the 2019 Oscars in the best picture category, the interest of international betting in Oscars is rising.
Best Actor and Actress
These two separate awards are the second most favorite award in the show. Viewers usually go with their favorite actors and actresses in this case. However, a lot depends on the actual performance of the actor. Recently, many people predict who will win the award by reading previous trends. For instance, if the award has been going to actors performing in a biopic film genre, then chances are the next could be from a biographical film as well. Some examples, in this case, are, Rami Malek, playing Freddie Mercury, Gary Oldman playing Winston Churchill, and Eddie Redmayne playing Stephen Hawking. All these actors took home the Oscar for playing a historical figure. Of course, a lot of this depends on the acting as well which is why it is wise to be aware of all the trends before placing a bet.
Best Supporting Actor and Actress
This category may not be as important as the previous one, but it does not make a difference when it comes to betting. In betting the prizes do not vary from category to category. It all depends on the number of bets. This category may be a little more tricky to predict since one can not be sure which actor will actually get nominated. Even though it may be a supporting role, it has its own separate category which is saying something. Almost all the entertainment betting online sites will offer odds on this category.
Best Director
Another popular betting category is the best director award. As the title suggests, this award belongs to the director who gives an overwhelming performance in directing a movie. Entertainment betting is really fond of this award as well since a lot of the people are aware of directors, some even having favorites such as Quentin Tarintino, Martin Scorsese, Wes Anderson, etc. The directors will be listed on the website with respective odds on the website depending on how much social media is in favor of them winning. In such times, the reviews of the critiques do matter since they will define who is taking the award home. So checking out the IMDb and rotten tomatoes ratings is a good way to keep up with the Oscar buzz.
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Prop bets
Prop bets are perhaps the most interesting among the oscar bets. These bets account for various segments of the award ceremony which can not be included in categories. Prop bets usually cover bets like who is most likely to appear in the Memoriam sequence or whether an actor will win their first oscar or not. These bets start appearing a long while before the nominations unveil. Hence, the closer the ceremony comes, the odds can deflect accordingly. These prop bets come with odds with a simple yes or no in some cases. In the case of a Memoriam sequence, the odds may be listed as Moneyline bets. For example, in the how to bet on Oscars 2020 prop bets, Glenn Close has a prop bet going for winning her first oscar before 2023. This prop bet is valid till the year 2023.
Another such prop bet valid days on the Bwin website these days is whether Meryl Streep will win her Oscar before the year 2024. In conclusion, prop bets encompass a variety of interesting bets which allow bettors to wager on numerous outcomes of the entire show. This is an exciting way to indulge both interests of gambling and the entertainment industry.
Where to bet on the Oscars?
Betting on Oscars is not that hard when it comes to the 21st century. Entertainment betting is legal in most parts of the world including America and Europe. Many American online sportsbook sites cater to betting on Oscars which usually cover from state to state sites. In the UK the most popular websites which allow entertainment betting are bet365 or 22BET which is where Europeans head to, to place their bets. The bets are already available for bettors to check out the odds for the upcoming award show.
How to bet on Oscars: Tips and Tricks
In summation, it is rather simple to bet on Oscars in comparison to sports betting. There are certain ways a person can bet efficiently without losing a lot of money. Firstly, it is of key importance to be up to date with the latest betting trends when it comes to entertainment betting. With that being said, reading up on Hollywood websites about which movies are likely to generate the oscar buzz is your first step. After identifying these movies, a simple run through the director and actors of the movies covers the major awards the show has to offer.
Secondly, it is significant to allocate a certain budget when it comes to betting. The most common mistake people make is to bet on all categories instead of picking the ones which one is sure about. Make sure to place small wagers instead of betting hard and fast. Some online sportsbook websites may offer a wide range of prop bets. Prop bets with a simple yes or no can be easier to win than with Moneyline odds.
Another way to predict Oscar winners is to look at the winners from other awards such as the Golden Globes or the Baftas. Golden Globes take place before the Oscars and it is common knowledge that the winners from both the award shows are most likely the same. Therefore waiting and checking out as many awards shows as before the Oscars is another way to make a sure bet.
With this comprehensive online betting guide for beginners on how to bet on Oscars, you can head on to online sportsbooks or bookmakers and place your entertainment bets.
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