Oscars Betting 2019
Award season is coming to an end with the 2019 Oscars this weekend, honouring the best films of 2018. The 91st Academy Awards will be taking place on Sunday, February 24th at the Dolby Theatre in Los Angeles, United States. The event will see performances from Adam Lambert and Queen, Kendrick Lamar and SZA, Lady Gaga and Bradley Cooper and so many more.
However, the main attraction of the ceremony are the awards and the betting opportunities surrounding this year’s event. Over 20 films have been nominated which means there’s plenty of chances to win big if you decide to bet on the ceremony’s results. But how exactly does betting on the Oscars work and what are the latest odds?
Oscars Odds & Nominations 2019
Oscars Best Picture
|The Favourite||Black Panther|
|Alfonso Cuaron (Roma)||Spike Lee (BlacKkKlansman)|
|Adam McKay (Vice)||Yorgos Lanthimos (The Favourite)|
|Rami Malek||Christian Bale|
|Bradley Cooper||Viggo Mortensen|
|Glenn Close||Olivia Colman|
|Lady Gaga||Yalitza Aparicio|
Betting On The Oscars
Punters love betting on the Oscars as its a great way to earn a little extra cash while having fun. Betting on the Oscars works in the same way as betting on sports games, you can wager on the ceremony at local betting shops or online, either on your computer, laptop or smartphone device.
If you’re new to the world of sports betting, you may be left confused when you realise you can’t find an Oscars category online like other sports. This is because Oscars bets are generally found under ‘Special’, ‘Entertainment’ and sometimes even ‘Novelty’.
How To Bet On The Oscars
To make a bet, all you need to do is load up the website, navigate to the correct category, select the award you wish to wager on and then select who you believe will win the award. You can even select multiple films competing for the same award or select different nominees for each award.
On top of that, you can enter your stake and the betting site should automatically display how much you’re likely to win if you’re correct, which is incredibly helpful.
Oscars Betting Odds
One thing that generally confuses people when it comes to betting are the odds. Odds basically tell punters the probability of their bet and how likely they are to win and most punters will attempt to calculate the odds in order to work out how likely they are to win. You can learn how to calculate the odds by visiting our dedicated page on sports betting.
However, bets on the Oscars are much easier to understand as bookmakers will place the nominees most likely to win at the top, often displaying the shortest odds. This makes it much easier to decide who to wager on as you can simply click one of the top nominees.
If you find that you still can’t select a nominee to wager on, you can always select two or three within the same category. If you do decide to do this, you have to remember that you will still lose money as there can only be one winner.
The Different Bets
Like with all sports games, there are several different forms of Oscars bets. They can include:
Some bookmakers may publish odds on Oscar winners before the nominations are announced. When this happens, you can wager on the nominee you believe will win, however, it’s important to understand that doing so before the nominations are announced is much harder but the payouts tend to be larger.
Remember, this can only be done before the nominations are announced in January.
The most common type of bet. With this bet, you simply select which nominee you believe will win a particular bet. You can select one nominee for each award or several, though we suggest you try not to.
Since several films have been nominated for multiple awards, some bookmakers allow you to bet on the number of awards they will win. With this bet, the bookmaker will present the number of awards they think the nominee will win and you will have to bet on whether the result will be higher or lower than the bookmaker’s prediction.
You can also make proposition bets, known as prop bets, which generally involve anything. This can include the length of the show, how many awards a nominee may win or a combination of events that occur during the ceremony.
For example, over on Coral and Ladbrokes, you can bet that Alfonso Cuaron’s Roma wins for both Best Picture and Best Director or that Glenn Close, Rami Malek, Regina King and Mahershala Ali will win all four acting awards or that Olivia Coleman will win Best Actress and Best Picture. In addition, Betfair allows punters to wager on how many awards they think A Star Is Born, Roma and Black Panther will win and which film will win the most Oscars.
When you make prop bets, it’s important to understand that everything mentioned in the bet needs to happen during the ceremony for you to win. For example, if Glenn Close, Rami Malek and Mahershala Ali won acting awards but Regina King lost, you would lose the bet. Similarly, if Alfonso Cuaron won for Best Picture but lost for Best Director, you would again lose the bet.
How Oscar Winners Are Selected
Oscar winners are voted on by the Academy of Motion Pictures and Sciences. The organisation, which is made up of 6,000 members and 17 different branches, are sent a nomination ballot for the ceremony where they rank their favourite five films within a category.
Members of the organisation are retired from or currently in the industry and can only vote on films within their branch. For example, directors vote for Best Director, Writers vote for Best Writer, a special panel of judges vote for Best Documentary or Foreign Film and so on. However, all members are required to vote for Best Picture.
An accountancy firm called PricewaterhouseCoopers who is responsible for tallying the votes uses a specific system to decide on official nominees. When tallying votes, which is apparently still done by hand, PricewaterhouseCoopers searches for a nominee that meets a magic number which is calculated by taking the total ballots for each category and dividing it by the total nominees plus one.
PricewaterhouseCoopers will then count the ballots until a nominee for each category hits the magic number with the most first-place votes. This nominee then becomes the first official Oscar nominee within its category. After this, the nominees with the fewest votes are removed and the ballots are recounted and nominees with the second-most votes become the second Oscar nominee within its category. This continues until all five nominee spots per category are filled.
Once all nominees are selected, Academy members are sent another ballot where they must select their favourite for each category. During this second vote, members are allowed to cast their vote in categories outside of their own branch but are suggested not to if they lack knowledge in it. After this, the votes are tallied once more and the awards are handed out during the night.
If you’re considering making a bet on the Oscars, it’s important you understand that not all bookmakers will offer the bets listed above so you should try and find a betting site that offers wagers you’re interested in, whether that’s straightforward bets, overs and unders or prop bets.
If you’re interested in making prop bets, we suggest you visit bookmaker sites such as Betway, Betfair, Coral and Ladbrokes.
Our Oscars Tips
When you’re working out which Oscars nominee to wager on, one of the best things to do is check whether they’ve won any other awards. You’ll find that nominees who had won previous big awards such as the Critic’s Choice Awards, Golden Globes and Screen Actros Guild’s Awards are more likely to win at the Oscars.
In fact, around 70% of Critics Choice Awards winners from the Best Actor, Best Actress, Best Director and Best Picture categories win Oscar awards. Also, the winner of Best Actor at the Critic’s Choice has a 90% chance of winning an Oscar while the winner of Best Actress at the Screen Actors Guild’s Awards have 75% chance of winning an Oscar.
It’s also a good idea to follow Academy Award insiders on social media which may provide hints and tips about which nominee is most likely to win. If possible, it’s also good to try and watch the red carpet as many experts will give their own predictions here just in case you want to make any last-minute bets.
The Oscars dates back to May 16, 1929, when it was a 15-minute ceremony. The event was broadcasted on the radio in 1930 and was televised for the first time in 1953. Now, several decades later, the event takes place every February and lasts several hours.
To date, only three movies have won 11 awards in Academy Award history; 1959’s Ben-Hur, 1997’s Titanic and 2003’s The Lord of the Rings: The Return of the King. In addition, Return of the King is the only film in history which won an award for every nomination. Meanwhile, Walt Disney himself remains the person with the most Academy Awards with a total of 22.
On top of that, 2018’s Black Panther made history after it became the first-ever superhero and comic book film to be nominated for Best Picture.