Oscars Betting Odds

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

Best Actor

Best Actress

Best Director

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

• DraftKings Sportsbook: Visit DraftKings to claim a $50 free bet + a deposit match bonus up to $1,000
• BetMGM Sportsbook: Visit BetMGM to claim a $1,000 risk-free bet with bonus code TODAY (risk-free bet not available in NY or PA)
• Caesars Sportsbook: Visit Caesars to claim a deposit match up to $1,500 with code TODAYCZR
• FanDuel: Visit FanDuel to claim a $1,000 risk-free bet

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