Oscars Betting Odds

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In movies as in life, the show must go on. Despite a challenging period in which theatres went dark and streaming services lit up, movies theaters have begun to draw crowds again, and the 94th Annual Academy Awards will be full of the glitz and glamour we’re used to. Finding the best odds for betting on the Oscars is easy now that the Academy Award nominations have been announced.

Current Oscars Odds – 2022

The Oscars will be held on Sunday, March 27 at the Dolby Theatre in Hollywood, Los Angeles, California. Sports betting apps like DraftKings set the Oscar betting odds for some of the top categories. The odds for the 2022 Oscars are included below.

When looking at these odds, most notable is the almost certain odds set for The Power Of The Dog to win the Oscar for Best Picture. On the opposite end is Guillermo Del Toro’s Nightmare Alley.

It will be interesting to see what happens for the 2022 Academy Awards. Oscars odds could be influenced as well by increased attention on diversity, particularly in key Academy Awards categories.

Best Picture

NomineeDraftKings Odds
The Power of the Dog-175
West Side Story+600
Licorice Pizza+1600
King Richard+2000
Drive My Car+2500
Don't Look Up+2800
Nightmare Alley+4000

Best Actor

NomineeDraftKings Odds
Will Smith (King Richard)-1300
Benedict Cumberbatch (The Power of the Dog)+300
Andrew Garfield (tick, tick... BOOM!)+550
Denzel Washington (The Tragedy of Macbeth)+2500
Javier Bardem (Being the Ricardos)+3500

Best Actress

NomineeDraftKings Odds
Nicole Kidman (Being the Ricardos)+120
Kristen Stewart (Spencer)+200
Olivia Colman (The Lost Daughter)+400
Jessica Chastain (The Eyes of Tammy Faye)+500
Penelope Cruz (Parallel Mothers)+1400

Best Director

NomineeDraftKings Odds
Jane Campion (The Power of the Dog)-750
Steven Spielberg (West Side Story)+900
Kenneth Branagh (Belfast)+900
Paul Thomas Anderson (Licorice Pizza)+1600
Ryusuke Hamaguchi (Drive My Car)+1600

Where To Bet On The Oscars

America has been in love with the movies for over a century. But it has only recently warmed to the idea of betting on them. In 2019, New Jersey became the first state to allow sportsbooks to offer Academy Awards betting odds. Indiana soon followed suit. Michigan joined the fray as well, shortly after launching online sports betting ad casinos in the state. 

As online casinos and sportsbooks continue to pop up across the country due to changing attitudes and new legislation, sportsbooks are looking to expand beyond their traditional offerings–such as allowing bets on awards shows and elections. Expect the Academy Awards to top the list of contenders.

Best Sportsbooks For Betting On The Oscars

Here are a few sportsbooks that offer legal Oscars betting now that the nominations have been announced, along with special welcome offers for new players. Check the terms and conditions for each site to make sure you can use these welcome offers toward betting on the Academy Awards.

Best Sports Betting Apps For Betting On The Oscars

How To Bet On The Oscars

If you live in a state with legal sports betting, you can find odds on all of the Academy Award nominees in two dozen categories. These include heavy hitters like “Best Picture” and “Best Actor” and niche categories like “Best Original Song” and “Best Costume Design.”

Want to try your hand at Oscars betting? Here’s how to bet. Simply create an account on a legal sports betting app. Download the app, fund your account, and do a quick search to find the betting lines. 

Legalized Oscars betting is still new in the US. As more states open up to legal online sportsbooks, and as movies continue to dominate pop culture, it’s a safe bet that the Academy Awards may one day become the Super Bowl of non-sports wagering.

Academy Awards Odds

Determining odds for the Oscars is not an exact science (despite attempts to make it so). But there are a few bellwethers for predicting who will get nominated in which categories, and ultimately who will win:

  • The Golden Globe Awards
  • The BAFTAs (British Academy of Film and Television Awards)
  • Industry trades (a combination of studio hype, public opinion, and box office)
  • Endorsements from various film critics groups (year-end “Best of” lists)

Because Oscars are awarded by consensus, it can be difficult to track favorites and underdogs between the announcement of nominees and the big night. Scandals, sleeper hits, and good old popularity contests can turn a deadlock into a dark horse (and vice versa) within a media cycle.

Sometimes fans get a peek into how the Oscar sausage is made. In The Hollywood Reporter’s annual “Brutally Honest Oscar Ballot” series, anonymous Academy members talk about what goes on in the minds of some voters–and whether or not they’ve actually watched the movies they’re voting on.

Academy Awards Betting Odds And Strategy

Instead of teams competing on a field, voters in the Academy of Motion Picture Arts and Sciences determine Oscar winners. So developing a betting strategy can be a fun but futile exercise.

(Ask anyone who bet against Moonlight in 2017 or Green Book two years later.)

Oscar bets are moneyline bets (no point spreads). A “Best Director” contender can’t “come close” to giving an acceptance speech.

Some bet their favorites; some compare odds; some follow industry “buzz.” Some even consider a nominee’s track record (“He or she has been nominated five times and never won, so THIS must be the year!”).

FAQs – Oscars Betting Odds

When are the 2022 Academy Awards?

The 94th Academy Awards will take place on Sunday, March 27, 2022, beginning at 7pm CST.

Is betting on the Oscars legal?

Oscars betting is legal via various sportsbooks like DraftKings.

Where can I find Oscars betting predictions and picks?

Check your preferred sports betting app for Oscars betting predictions and picks. Entertainment websites such as Variety and Entertainment Weekly don’t get into the numbers, but you can learn more about the nominees before making a wager.

Are there Oscar prop bets?

Yes. Many of the sportsbooks that feature Oscars odds also offer Oscars prop bets. Check with your favorite sites to see which prop bets they offer, and at what odds.

What other types of entertainment odds are available for betting in the US?

You can find odds on The Golden Globes, The Grammy Awards, and the Emmys–but it depends on where you look. 888sport offers Golden Globes bets. DraftKings does not. Search your sportsbook of choice to find out which wagers you can place.

About the Author
Ian Simmons

Ian Simmons

Ian Simmons is a Chicago-based freelance writer, podcaster, and proprietor of the movie-review website Kicking the Seat. Despite having spent nearly twenty-two years as an artist and producer at a leading gambling and lottery supplier, he still can’t tell you the “secret” to winning at slots.

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