Last updated on: February 27th, 2024

Betting On The 2024 The Academy Awards

Betting on the Academy Awards is one of the biggest betting events to start every year with. The Academy Awards betting sites that take US residents allow bettors to wager on 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 legal sports betting sites in the US 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 10, 2024. Some US betting sites for the Academy Awards offer futures odds months in advance, while others don’t list odds until much closer to the show.

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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

If looking for where to bet on the Academy Awards, there are many international betting sites offering odds on the event every year. While you may not find odds for every single award, best actor/actress and best picture are some of the most wagered on categories. The Academy Awards are one of the most-watched events of the year and entertainment betting sites 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.

Bovada Sportsbook

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 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

There are a bunch of odds to win Academy Awards offered and even more secure sports betting deposit methods to help you get in on the action. Most of these sites accept traditional sports betting deposit 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 sports betting sites 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 use Bitcoin sports betting sites like Bovada. 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 at sites that accept US players, 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 the Golden Globes before betting on them at legal online sportsbooks in the US.