Oscars Odds – Academy Awards 2020 Make Sportsbooks
Recently updated on January 24th, 2020
Movie fans can take part in the thrilling world of online gambling, with the Oscars heading to your local sportsbooks. Players can now bet on the Oscar odds. This is the second year in a row that the Academy opens up online bets for Oscar nominees. The whole thing is exciting because if you love movies and you love online gambling- the Oscars on a sportsbook is a sweet spot.
DraftKings, which is a popular sports betting company, was the first company to go live with Oscars bets after the nominees were announced on January 13. This year’s Oscars will take place on the 9th of February at the usual Dolby Theatre in Hollywood. All the stars are expected to be in attendance, and there are some pretty big names that came up on the nominee’s list. The most notable ones being the movie Once Upon a Time in Hollywood starring the likes of Brad Pitt and Leonardo DiCaprio. Considering the many movie fans around the world. The Oscar odds are sure to bring traction to sportsbooks, and many might find themselves staying if they get lucky.
How to Bet On an Oscars Movie?
Firstly, movies are not the only thing you can put your money on. All the categories of the Oscars will be open to receiving predictions. Most notably, the biggest category is Best Picture, which is basically the best movie of the year. How to bet on a movie will work as follows. First, you must be the right location. Sports betting is fully operational in 14 states only. There are many others with conditional sports betting provisions, but you need to make sure that you live in a state that allows you to do online gambling.
Then before you put your money down, you must understand how the betting works. With more than two contenders, unlike what is common in sports betting, the wagers are collected according to odds. For example, a movie as well-liked and favored like Once Upon a Time in Hollywood will result in a smaller profit if it does get the Oscar on the night. If a player makes a bet on a movie or actor that seems less likely to win and they do win, then the player is rewarded for the risk. They would have made a riskier bet, and in gambling, more risk means more reward. The odds are calculated and presented next to the movie or actor’s name so players will know how to make the right decision with their bets.
The Academy prides itself on providing trustworthy betting material because The Oscar results are audited by PricewaterhouseCoopers, who is a reputable auditing company.
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