Wagering on who will win or who will lose the Oscars has become a tradition amongst bettors and casinos, sparking the interest of many worldwide. When it comes to betting on the Oscars, there are a few things that you will need to familiarize yourself with, which we will be explaining and breaking down for you at every step.
So when and where are the Oscars taking place? This year the 94th Academy Awards will be held on March 27th at 5 pm Pacific Time, held at the Dolby Theater, Hollywood & Highland Center, and will be broadcasted for all those interested to watch on worldwide television. All Oscar wagers are usually done by the money line system, keeping it easy and simple for bettors to place their bets. Whether you are betting for the first time or you have bet in previous years, it is advisable to accustom yourself and obtain the most reliable information from the top Californian online gambling sites to place your wagers safely and effectively.
Is Betting on the Oscars Legal?
Before we dive in on how to actually bet on the Oscars, it is important to know if betting on the Oscars is legal from your state. You may place a legal and secure bet on the Oscars via any reputable online sports betting site on the Internet. In the United States, only New Jersey provides Oscars betting via a state-regulated operator, however, every offshore book offers activity on the majority of categories from any state you reside in.
What is the Moneyline Betting System?
As mentioned above, the money line betting system is commonly used for the Oscars, but how does it work? Moneyline wagers are placed on the team that is anticipated to win, and rewards are computed using American odds. The favorites and underdogs are denoted by plus and minus signs to clearly show the ods to the bettors; for example, if a favorite is labeled as -100, you would have to wager 100 in order to have a chance of winning 50; but, if that team loses, you would lose the whole 100. As an example, if a team is classified as +100, if you place a wager of 50, you have a chance of earning 100 if they win and losing just 50 if they lose. The reason for this is that the favorites are anticipated to win, whilst the underdogs are supposed to lose; as a result, there is a greater payoff for betting on the team that is considered to be underdogs. This method is also heavily used in sports betting.
How to Bet Like a Pro
Betting on the Academy Awards is very straightforward and relatively easy to do. If you already have a subscription with any licensed offshore sportsbook, you can place bets on the event just as you would on any other sporting event. If you do not already have an account with a reputable online betting site, you will need to create an account with a reliable choice and place a deposit before you can start placing wagers. So let’s break it down in steps for you:
- Find a trustworthy offshore betting site and sign up for free through their site
- Start by placing a deposit using any money transfer method supported by the site (most sites support bitcoin, bank wire, debit, and credit cards)
- Choose between a new member deposit bonus and foregoing any other deals that are being given by the site such as offered promotions
- Take a moment to browse the betting boards and place wager amounts on bets you would like to cast
- By following the directions on your screen you will be able to either cast and submit bets individually or else collect Oscar parlay tickets
- And lastly, sit back, relax, and enjoy the show!
In contrast to sports betting, your best guess at who the Oscar winners will be is not based on any previous performances, and there is no reliable method to predict which picture or actor will capitalize on the “Oscar buzz” that begins to spread about a month before the ceremony.
Keeping an eye on the entertainment websites and on the trade publications will help you make an educated prediction as to what the Academy Award nominations outcomes will be. If you have the opportunity, you may even wish to view a few Academy Award-nominated films, but this is unlikely to provide you with much useful information for your bets.
Although, there is one rather consistent method for selecting Oscar winners amongst bettors; Most studios want to win Oscars because they believe it will help their films sell better in the marketplace. A large blockbuster that does well in cinemas is not a “must” to win an Academy Award, as a result. Meanwhile, a film that has underperformed but is critically acclaimed may be given the green light in order to generate excitement about its retail market and streaming rights costs.
