Oscars 2019 Betting

Annually at Los Angeles, all the beautiful people of Hollywood gather together to hand gold-plated trophies and tap each other on the back in an event called the Academy Awards. The first service took place in 1929, and it has grown into an annual pop culture phenomenon full of fashion and pageantry. Some watch for those awards, while millions of others tune in to see exactly what the celebs are wearing on the red rug.
Along with seeing the event, fans of gambling and/or cinema can take advantage of Oscars betting. Most sportsbooks offer a smattering of options around awards year, and the informed 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 members in this organization, 33% of which are comprised of former award nominees. Another 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 particular category. For instance, supervisors determine the nominees for Best Director. The Best Picture nominees are voted on by all members, and categories such as Documentary and Australian Film are chosen by a special panel.
Once the nominees have been announced, members can vote in all available categories. The results are tabulated and announced during the yearly telecast of the Oscars (held in late February). Being nominated for an Oscar increases a movie’s revenue, and male celebrities may enjoy a salary bump of around 81%.
Academy Award Betting Options
Some sportsbooks offer a vast range of wagers for the Oscars, though others limit the amount to one or two. Listed below are among the most frequent:
Futures Winner — Many websites offer future bets on Oscar winners before the nominations are announced. The chances are higher due to the degree of uncertainty, but the possible payout is also higher.
Outright Winner — All these chances are released after the nominees have been announced, and they allow bettors to predict the outright winners for various categories. Best Picture and Best Actor are always a given, however a few sites may take wagers on Screenplay, Cinematography, and even Best Animated Feature.
Over/Under — If a movie is nominated for several Oscars, expect an over/under to be available. Within this kind of wagering, the bettor should choose if the actual number of awards earned will be higher or lower than the number recorded by the oddsmaker.
Proposition Bets — Also known as”prop bets,” this kind of wager can cover a wide range of subject matter. Examples might include the over/under about the period of the series, the new apparel worn by a celebrity, or whether the host requires a selfie with somebody throughout the broadcast. Some oddsmakers can become quite wild with this alternative.
Predicting Oscar Winners

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