Lots of people have tried to guess who’ll take home the Academy Award at an Oscars party or with friends. New Jersey is taking the film awards to the next level.
The New Jersey Division of Gaming Enforcement gave sportsbook that the all-clear to take wagers on the Oscars. So far, most NJ sportsbooks have submitted odds. It’s unforged territory for US sports betting. Nevada hasn’t booked action on the Oscars. Furthermore, spokespeople for the two West Virginia and Pennsylvania stated there are no plans to provide Oscars betting.
There’s truly only 1 kind of bet sportsbooks will provide around the Oscars. Every nominee in a class has moneyline odds they will take home the award.
Let us take Best Director as an example. Here is a look at the five nominees and sample odds for each one:
Alfonso Cuaron: -1,200
Spike Lee: +700
Adam McKay: +2,000
Pawl Pawkikoski: +2,000
Yorgos Lanthimos: +2,500
The favorite to win the award is Cuaron (-1,200), who directed the film Roma. If you wager $120 on Cuaron to win he does, you would get your $120 back and gain $10. In other words, you would have to wager $120 to win $10 (or $12 to win $1, and so on).
Let’s say you bet $10 on McKay (+2,000) and he upsets though. Then you would win your $10 wager and gain $200. To put it differently, you’d win $200 for each $10 you wagered (or $20 for each $1, etc ).
As there are an infinite number of awards series leading up to the true Oscars, there’s typically a very clear frontrunner in each category. That means steep moneylines on the likely winners. These stakes require you bet a lot to acquire a little. However, if you’re able to accurately predict an upset, you may make a tidy profit.

Read more: http://espyrock.com/news/nascar-betting-online-2019-bet-with-top-us-racebooks


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Michael is the owner and creator of EspyRock. He is your general all round geek; sports fan; TV show fanatic. You can find him sharing his thoughts on his personal Twitter account. Contact Michael on Twitter or via Email.

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