Last updated on: December 5th, 2022

Betting On The Academy Awards

Betting on the Academy Awards is one of the biggest betting events to start every year with. The Academy Awards are the premier Hollywood entertainment event of the year, featuring all the most famous actors, actresses, directors, and producers in the world. Known more colloquially as the Oscars, these awards are the most prestigious and coveted in the entire film industry. These awards encompass 24 different categories, covering everything from acting to directing to sound design. Because of the enormous popularity of the Academy Awards, many large sportsbooks will offer betting odds on all major awards and a wide variety of miscellaneous prop bets.

The next Academy Awards show is scheduled for Sunday, March 12, 2023. Some sites offer futures odds on the Academy Awards months in advance, while others don’t list odds until much closer to the show. Legal sports betting on the Academy Awards next year could be affected by the dynamics of the Coronavirus and its impact on the film industry. Many upcoming releases are likely to be delayed by months, which could cause a logjam of releases closer to awards seasons and make the awards even more unpredictable than usual.

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Is It Legal To Bet On The Academy Awards?

Yes, it is legal to bet on the Academy Awards regardless of where you live. Online sportsbooks offer Academy Awards betting odds alongside odds for traditional sporting events like basketball and football games. Even outside states with legal sports betting, betting on the Academy Awards is still legal through international online sportsbooks like BetOnline and MyBookie. Some states keep anti-gambling laws on the books, but these laws target in-state gambling operators rather than individual players. Sportsbooks operating outside the U.S. don’t fall under either federal or state jurisdiction and are thus fully legal to offer odds on award shows.

Where To Find Betting Odds For The Academy Awards

Most major international online sportsbooks offer betting odds on the Academy Awards, especially for major awards like Best Picture and Best Actress. The Academy Awards are one of the most-watched entertainment events of the year and sportsbooks usually capitalize with a wide selection of prop bets. A handful of New Jersey sportsbooks were the only domestic gambling firms to offer betting odds on the Academy Awards previously. Local sportsbooks are unlikely to list odds until much closer to the air date of the award show.


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Betting Bonuses For The Academy Awards

Bovada is the top online sportsbook for betting on entertainment odds such as the Academy Awards. You will find any odds you can possibly think of for the awards and who will win which ones. Aside from the betting odds though, you will also find some great welcome bonuses geared towards new users. The first is a 50% match bonus on your first deposit where they’ll match your deposit up to $250. Secondly, is a Bitcoin bonus of up to $750 on your first deposit using Bitcoin with their BTCSWB750 bonus code.

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Academy Award Bet Types

Award winners – Betting on the winner of an award is self-explanatory. Sportsbooks will list the odds for each nominee to win an award, and bettors wager on which nominee they think will win. Odds also indicate the payout for each bet based on a $100 baseline (e.g. odds of -150 indicate that a 150 bet would net $100, while odds of +150 indicate that a $100 wager would net $150).

Futures – Futures bets are betting odds well in advance of the actual Academy Awards, sometimes before the movies in question have even been released. There is a high degree of uncertainty involved in betting Academy Awards futures, but the potential payouts are much greater as a result of that uncertainty. Only the most popular awards receive futures odds and there is usually a relatively low maximum wager limit.

Props – Proposition bets encompass bets on a wide variety of different events or outcomes. Examples of 2019 Academy Awards prop bets include the length of the opening monologue, the total number of award wins for Todd Phillips’s “Joker”, whether or not Brad Pitt would hug Jennifer Aniston, and which contemporary social issue would be mentioned first. Prop bets can be outlandish at times, but they offer a great way to spice up the duller parts of the show.

How To Make Money From Betting On The Academy Awards

Online sportsbooks offer easy banking options to help players start collecting their winnings faster. Most of these sportsbooks accept traditional payment methods like credit and debit cards for deposits, but cryptocurrency is almost always the preferred method. Sites generally offer big deposit bonuses for using cryptocurrencies like Bitcoin as those payments are faster, more secure, and easier to process. Before making a deposit, check a site’s FAQs for information about payment processing times and sportsbook deposit bonuses.

Cashing out, like making deposits, is best done with cryptocurrency. Domestic sportsbooks can transfer money directly into a bank account, but international online sportsbooks don’t have this luxury because of quirky banking laws that prohibit banks from processing transactions directly from online gambling sites. Instead, it is recommended that players withdraw using cryptocurrency, including Bitcoin,  as an intermediary. Crypto withdrawals take only minutes at most. Players can also elect to receive a physical check, although this requires an additional fee.

Tips For Betting On The Academy Awards

When it comes to betting on the Academy Awards, it is important to review all the movies, actors, directors, and musical scores that are nominated. There are over 20 different awards given so to make things easier, check on the categories you plan to wager on. Check the buzz online around certain actors’ performances for the Best Actor award as well as the critical reception of films in the Best Picture category. It is also important to look at the first time nominees Best Director or Best Actor as a lot of hype is centered around newcomers, Same thing with repeat winners, they are likely to win again if they have a few awards under their belts. Although this does not necessarily translate to winning at the Oscars, looking at how certain films, actors, or directors faired at other major award shows like the Screen Actors Guild Awards, Critics’ Choice Awards, and Golden Globes is also a good way to see the potential of an actor winning.

Best Director

  • Jane Campion
    (The Power Of The Dog) -800
  • Kenneth Branagh
    (Belfast) +900
  • Steven Spielberg
    (West Side Story) +900
  • Ryusuke Hamaguchi
    (Drive My Car) +1400
  • Paul Thomas Anderson
    (Licorice Pizza) +2000

Best Actor

  • Will Smith
    (King Richard) -500
  • Benedict Cumberbatch
    (The Power Of The Dog) +350
  • Andrew Garfield
    (Tick, Tick… Boom!) +900
  • Denzel Washington
    (The Tragedy Of Macbeth) +4000
  • Javier Bardem
    (Being The Ricardos) +5000

Best Actress

  • Jessica Chastain
    (The Eyes Of Tammy Faye) +125
  • Nicole Kidman
    (Being The Ricardos) +150
  • Kristen Stewart
  • Olivia Colman
    (The Lost Daughter) +550
  • Penelope Cruz
    (Parallel Mothers) +2000