Grab your popcorn, get in on the action, and get ready for some drama. DraftKings Sportsbook is giving its new users a fun (and possibly lucrative) new way to enjoy the Academy Awards with DraftKings’ 100-to-1 odds on Best Picture promo.
Here’s how it works: Use this link to sign up and then place a bet on the film that will take home the Oscar for Best Picture. Helpful hint as you indulge your gambling Vice: The Favourite doesn’t always win, but if the wager hits, A Star is Born and DraftKings Sportsbook will pay out a bonus 100-1 odds on it. See what we’re doing here? Anyway, the promo, which is available to new DraftKings users, is limited to a $5 max bet, but a winning wager will pay $500. Users that win will be credited in the days following the Oscars.
Here are the current odds for this year’s Best Picture nominee from DraftKings:
Green Book (+450)
The Favourite (+1200)
Black Panther (+2500)
Bohemian Rhapsody (+3000)
A Star is Born (+4000)
This is the first year you’ll be able to bet on the Oscars legally in New Jersey. The Department of Gaming Enforcement has approved odds on 16 categories, obviously with Best Picture being the most popular.
DraftKings and other legal New Jersey sportsbooks have offered similar odds boost promos since betting came online in August, but this is the first time we’ve seen 100-1 odds on anything like this.
There will certainly be some restrictions as you will have to wager the winning amount at least once before being able to withdraw it, but this will undoubtedly be a popular promo and bring more casual bettors into the fold.
It appears that only three movies have a genuine chance at winning, making the offer that much more enticing considering the odds on the lowest of those is currently at only 12-1.
These sort of long odds promos are becoming more popular with New Jersey sportsbooks. For the Super Bowl, FanDuel offered 53-1 odds on the winner and then booked a loss for the game. These are generally seen as marketing costs to bring new players into the fold. That said, DraftKings offering 100-1 odds will provide some genuine value to new bettors, especially on action where there is a very clear-cut favorite. Claim the offer here.
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