Oscars Odds 2020: How To Bet on the Academy Awards Online

oscars betting odds

The 92nd Academy Awards is almost here, and this year, people in New Jersey and Indiana can bet on it online. Let’s take a look at 2020 Oscars odds, and how you can bet on the Oscars online.

 

How To Bet on the Oscars

The ability to bet on the Academy Awards is a relatively new phenomenon in the US. Since sports betting was legalized in 2018, some states have moved toward allowing sportsbooks to take action on unique events, like awards shows, e-sports, and maybe even the election.

Which States allow betting on the Academy Awards?

Oscars betting is legal in two states:

Other states that offer online wagering, including Pennsylvania and Iowa, do not allow for betting on events with predertmined outcomes. But more progressive betting states like NJ and IN know Academy Awards results are well-protected, and therefore can safely be bet on without a significant risk of fraud.

 

Which betting apps offer Oscars betting?

Currently, only a few apps offer you the ability to bet on Oscars markets. They are:

New Jersey

Indiana

Your best option is DraftKings, which is currently offering 10-to-1 odds on any movie to win Best Picture if you’re a new user and placing your first bet with them.

You can sign up with DraftKings here to get their Oscars promo offer.

 

2020 Oscars Betting Odds

Here’s the full list of current Oscars betting categories:

  • Best Picture
  • Best Actress
  • Best Actor
  • Best Director
  • Best Supporting Actor
  • Best Supporting Actress
  • Best Original Screenplay
  • Best Adapted Screenplay
  • Best Animated Feature
  • Best Cinematography
  • Best Original Song
  • Best Original Score
  • Best Costume Design
  • Best Visual Effects
  • Best Film Editing
  • Best Makeup and Hairstyling

 

Best Picture

  • 1917: -250
  • Parasite: +325
  • Once Upon A Time in Hollywood: +800
  • Joker: +1200
  • The Irishman: +5000
  • Jojo Rabbit: +6600
  • Little Women: +8500
  • Marriage Story: +10000
  • Ford v Ferrari: +25000

1917, winner of the Golden Globe for Best Picture, is the odds-on favorite. Their -250 odds mean you would have to bet $250 to win $100. Of course, if you take advantage of DraftKings’ promo, then you’d only have to bet $10. Parasite and Once Upon A Time in Hollwood are the biggest challengers.

 

Best Actor

  • Joaquin Phoenix: -5000
  • Adam Driver: +1000
  • Leoncardo DiCaprio: +3300
  • Antonio Banderas: +5000
  • Jonathan Pryce: +6600

The Joker is clearly the heavy favorite.

 

Best Actress

  • Renee Zellweger: -3335
  • Scarlett Johansson: +1100
  • Cynthia Erivo: +2500
  • Saoirse Ronan: +2500
  • Charlize Theron: +3300

Renee Zellweger is a heavy favorite with no real challenger other than Scar-Jo.

 

Best Director

  • Sam Mendes: -835
  • Bong Joon Ho: +450
  • Quentin Tarantino: +1700
  • Martin Scorsese: +4000
  • Todd Phillips: +5000

 

Best Supporting Actor

  • Brad Pitt: -3335
  • Joe Pesci: +1200
  • Al Pacino: +2800
  • Tom Hanks: +3300
  • Anthony Hopkins: +5000

 

Best Supporting Actress

  • Laura Dern: -3335
  • Margot Robbie: +1200
  • Florence Pugh: +1400
  • Scarlett Johansson: +2500
  • Kathy Bates: +5000

 

How to read Oscars odds

When you chose DraftKings or FOX Bet to bet on the Oscars, you’ll want to understand a few basics with regard to betting.

Oscars odds are presented as “futures” odds– this means you can wager a certain amount to win a predetermined amount if your outcome happens.

Everything is based on a $100 scale, though you don’t actually have to bet $100. In fact, you can bet as little as $1.

Negative odds (like, -300) mean you have to wager $300 to win $100 ($400 in total– your $300 back + $100 winnings), or $3 to win $1.

Positive odds (like, +850) mean you can wager $100 to win $850 ($950 total).

Odds are set based on probability of an outcome and where other bets are coming in. Sportsbooks may change the odds at any time if they want to encourage more bets on a certain outcome to limit their risk on another. But whatever price you lock your bet in at is the price you’ll get– regardless of where the closing line stands.

And while it might seem like + odds provide more value (they often do), it’s worth considering that something like +850 odds imply an only 10% chance of the event happening– so it is a much riskier bet. Negative odds, on the other hand, are likely to happen, and so the payout isn’t as great.

For betting on the Oscars, you need not worry about things like the spread, total, or parlays, which you may have heard about if you’re into sports betting.

 

Setting up a betting account

Legal sports betting is a heavily regulated industry, meaning the app signup process will be more involved than other apps. Not prohibitively so, but here’s the information you can expect to provide when signing up:

  • Name
  • Address
  • Email
  • Last four digits of social security number
  • GPS location data
  • Drivers license number
  • Bank account or credit card info

This may seem like a lot – and it is – but things like SSN and drivers license are requested to verify your identity and that you’re at least 21, the legal betting age in most states. Bank or credit card info is needed to deposit funds into your betting account. Some operators offer other online payment methods, but typically the best method is online banking access, as several credit card providers block payments to gambling sites. But you shouldn’t worry about how this data will be used– all betting apps are heavily regulated and secure with your data.

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16 Comments

  • Barry peppers lonely hearts February 14, 2019 at 4:38 pm

    now would be a great time for BWanks top 10 favorite films

    • Bwanks February 14, 2019 at 5:09 pm

      5- Rocky V
      4- Can’t Hardly Wait
      3- the English Patient
      2- Juno
      1- Trainwreck

      • BWanksCB February 14, 2019 at 5:45 pm

        Haha. That’s pretty good. Tip of the cap.

        • Ingy is on ssi February 14, 2019 at 9:06 pm

          Amy Schumer is awful

  • Big dick lou February 14, 2019 at 5:11 pm

    5-Goodfellas
    4-Casino
    3-Saving Private Ryan
    2-There Will Be Blood
    1-Pulp Fiction

    • Barry peppers lonely hearts February 14, 2019 at 5:14 pm

      solid list

  • Kinker February 14, 2019 at 5:30 pm

    5. Boys in the band
    4. Milk
    3. The band played on
    2. Brokeback mountain
    1. Gone with the twinks

  • Will you guys be doing any oscar betting videos from your cub scout treehouse? February 14, 2019 at 6:37 pm

    You guys sure didn’t shoot for the stars when it came to set design!

  • jussie smollet February 14, 2019 at 8:47 pm

    i should win the oscar for best fictional fairy tale

    • Eugene February 14, 2019 at 9:03 pm

      Lol.

    • Winning Bigly February 15, 2019 at 6:34 am

      Notice how no MSM is covering the story now that the Chicago PD knew the truth the entire time and figuratively let this down low bro hang himself with his lies? Liberals have to be tired of losing by now right?

      • Paul jolovitz fan club president February 15, 2019 at 7:16 am

        Well you’re not getting your wall so it looks like we win. Sure California’s Mexican border is completely protected by a wall but we just don’t want the Christians in TX to feel safe. Up next? Elizabeth Warrens complete confiscation of all guns in the US!

  • Kyle scott l February 14, 2019 at 9:10 pm

    5 . National Treasure
    4 . Gone in 60 Seconds (Nicholas Cage one)
    3 . Face Off
    2. Wild Hogs
    1 . Leaving Las Vegas

  • Crossing broad training films February 14, 2019 at 10:45 pm

    5. Enron: The Smartest Guys In the Room
    4. Rounders
    3. 21
    2. Margin Call
    1. Boiler Room

    • Gene February 15, 2019 at 7:17 am

      What about that Vin Diesel movie where he plays the old guy?

  • Jeff from Camden February 15, 2019 at 8:51 am

    5-Barbershop
    4-white men can’t jump
    3- coming to America
    2- Friday
    1- boys in the hood