How to bet on the Oscars
Betting on the Oscars through any of the NJ sportsbook apps listed above could not be any easier.
The sportsbooks will each have an award category posted with a full list of nominees under it.
Beside each nominee is a number. Think of this number like the moneyline for a sporting event. If the number is negative (-), that nominee is a favorite to win. In fact, the number represents how much you will need to bet to win $100 plus your bet back.
For example, say FanDuel Sportsbook has The Irishman as the favorite to win Best Picture in 2020. If the number beside The Irishman on the site is -175 that means you’ll need to bet $175 to win $100, plus your $175 back.
However, if the number is positive (+), that nominee is an underdog to win and the number represents how much you will win for every $100 you bet.
For example, say FanDuel Sportsbook has Joker as a big underdog to win the Best Picture Oscar. Say the number beside Joker on the site is a whopping +5000. That means a $100 bet will pay out a stellar $5,100 if Joker wins Best Picture.
Just pick the winners
It’s simple; all you need to do is pick the winners. And, if you’re right, you’ll get paid according to the posted odds at the time you made a bet, which you will find under your current bets on your account.
Some NJ sportsbooks are only taking bets on the big six Academy Awards categories, including:
- Best Picture
- Best Director
- Best Actor
- Best Actress
- Best Supporting Actor
- Best Supporting Actress
However, there are others that will take bets on almost every category so that you can bet on everything from best film editing and best song to best foreign language film as well. Several NJ sportsbooks offer odds on every category.
How to find the best Oscar odds
You’re going to want to shop around to get the best price on your Oscars picks; different sportsbooks will post different odds.
For example, while most NJ sportsbooks have Roma as the favorite to win best picture, the prices vary. Roma is -175 on FanDuel Sportsbook. However, the film is -167 on SugarHouse, and further reduced -130 on William Hill.
Additionally, NJ sportsbooks are also offering some real value.
For example, Alfonso Cuarón won the award for Outstanding Directorial Achievement at the Directors Guild of America Awards in 2019. That made him a massive favorite to win the Oscar for Best Director.
However, that also means the prices on the category’s underdogs were better than ever.
Here’s how they looked on FanDuel Sportsbook:
- Spike Lee: +750
- Pawel Pawlikowski: +2400
- Adam McKay: +2400
- Yorgos Lanthimos: +2800
There are also usually some rather big odds on some of the nominees in the acting categories on FanDuel Sportsbook and BetStars.
Top NJ sportsbooks to bet on the Oscars
Just put a toe in New Jersey and there are several online and mobile NJ sportsbooks that will allow you to place bets on the Oscars.
However, you’ll need to sign up for an account first. Here is a handy list of sportsbooks with Oscars betting and the categories they include.
DraftKings Sportsbook is taking bets only on the best picture Oscar winner.
Sign up for an account through this exclusive DraftKings Sportsbook link, make a deposit and you’ll get your first bet matched up to $500.
BetStars is taking bets on five of the big six Academy Awards categories. Sign up for an account through this exclusive BetStars link, make a $50 bet and you’ll get another $50 bet for free.
Additionally, you’ll get another free $50 bet when you bet another $150. Plus, you can do this eight more times, which gives you a total of $500 in free bets. Continue to make bets on BetStars and they’ll give you a free bet every week as well.
FanDuel Sportsbook has lines posted for just about every Oscars category.
Sign up for an account through this exclusive FanDuel Sportsbook link and you’ll be eligible for a refund of up to $500 on your first bet.