Online betting probably isn’t the first thing that comes to mind when you see those ads for the Oscars every five minutes. Nevertheless, this is actually quite a popular topic for gamblers around the world. All the internet’s major bookmakers are now accepting wagers on who will win an Oscar at the 87th Academy Awards this Sunday.
I’m admittedly a little late to the show considering we’re just three days away from the big event, but the good news is that voting officially closed on Tuesday. Now is the best time to place your bets because it’s all set in stone and there can be no more surprises.
The actual process of betting on the Oscars online is simple. All you need to do is find a safe betting site that has the bets you want. Below is a list of sites that I’ve worked with myself and trust completely. Most sportsbooks either accept players from the United States or from the rest of the world so I have organized these recommendations into two sections.
Best Online Bookmakers:
The 2015 Oscars will give awards to people, songs and movies across 24 categories of moviemaking. I checked all the best betting sites for the Oscars and found that each bookmaker has odds on anywhere from 6 to 24 categories. The sites that offer the most categories are listed at the top of each list above.
The full list of categories includes the following:
- Best Picture
- Best Director
- Best Actor
- Best Actress
- Best Supporting Actor
- Best Supporting Actress
These are the six “main” categories that are covered by all betting sites, even those with limited options. Sites with a more complete selection of Oscars wagers also cover the following categories:
- Best Original Screenplay
- Best Adapted Screenplay
- Best Animated Feature Film
- Best Foreign Language Film
- Best Full Length Documentary
- Best Short Subject Documentary
- Best Short Film
- Best Animated Short Film
- Best Original Score
- Best Original Song
- Best Sound Editing
- Best Sound Mixing
- Best Production Design
- Best Cinematography
- Best Makeup and Hairstyling
- Best Costume Design
- Best Film Editing
- Best Visual Effects
How to Bet on the Oscars
Placing a bet on the Oscars is similar to making a futures bet in sports if you’re familiar with that. If you visit your betting site and navigate to the entertainment section, you’ll see a list of all available Oscars categories. There, you’ll see a list of nominees for each category along with their associated payout odds.
Let’s use the “Best Picture” wager as an example. You’ll see that they have eight selections for you to choose from:
All you have to do here is choose the movie you think has the best chance of winning. The odds are listed next to each movie so you know how much you stand to win if your prediction is correct. We see here that American Sniper is a longshot with odds of 66/1. For reference, a £10 wager on American Sniper would return £660 in net winnings if that film does indeed win the Best Picture Oscar.
Do people really bet on the Oscars?
The Oscars may sound like a weird thing to bet on, but it does make sense if you think about it. We tend to do most of our betting on sports because that’s something we can relate to and be entertained by. We know the athletes, we root for our favorite teams and we like to put our knowledge to good use by placing bets on matches.
The Oscars is something we can also relate to in a way. We know the actors, we’re entertained by them and we all have our favorites. We feel like we know a thing or two about who deserves what, so it’s easy to see why we’re tempted to bet on something that seems so frivolous. I mean, you like great movies and winning money, don’t you? I rest my case.
What makes betting on the Oscars different is the lack of any serious strategy. Sure, you can read all the latest entertainment news and gossip, but who wins these awards ends up being a matter of opinion. It’s hard to predict how the awards ceremony will play out in the real world.
Although, it wouldn’t be fair to say the Oscars are awarded completely on chance. The general public usually has a pretty good idea of which actors, actresses and movies have the best chances. The same also goes for your online bookmaker. The oddsmakers are aware of public perception and set the odds accordingly.