Bet on the Oscars 2020

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Many betting fans do not realize that come awards season, they can indeed bet on the Oscars. However, betting on an awards show is not exactly the same as betting on a sports game. So, you will need to keep reading to learn all you need to know about Oscars betting.

bet on the oscars

Oscar Betting Odds

Now, when you are going to bet on the Oscars, you will need to understand how to use odds. If you are a fan of sports betting, Oscars odds should be easy for you to understand. There will be odds listed for the major categories at the Academy Awards and those who are nominated in them.

Oscar betting odds will help you figure out how much you should wager on each category. You can use the odds to determine who much you will win if you place a bet. And, if you put money on Oscar favorites, your chosen nominee will not be the only winner of the night. 

You should look into betting odds for each of the categories that you intend to bet on. That way, you will know who are the leaders in these categories before putting any money down. And, you can decide whether you want to bet on the favorite or on the longshot in each category.

Best Picture Odds

Quite possibly the biggest award of the night is the award for Best Picture. So, you will want to know the Best Film odds before placing any bets. The following odds are listed on one of the most popular online sportsbook.

Best Picture DraftKings Odds
1917 -250
Once Upon a Time in Hollywood +700
The Irishman +5000
Little Women +10000
Ford v Ferrari +25000
Parasite +400
Joker +1200
Jojo Rabbit +5000
Marriage Story +10000

As of right now, it looks like Sam Mendes’ 1917 is the favorite to win the Best Picture Oscar. However, the Academy Awards odds also look to be favorable for both Parasite and Once Upon a Time in Hollywood. The longshot appears to be Ford v Ferrari in this competitive category.

Best Actress Odds

When betting on the Oscars, the Best Actress award is another huge category. So, you will want to know who the Oscars favorites are for this award. Here is a listing of the Oscar odds for this highly competitive category this year.

Best Actress DraftKings Odds
Renee Zellweger -3335
Charlize Theron +3300
Saoirse Ronan +3300
Scarlett Johansson +1100
Cynthia Erivo +2500

As you can see, this year it is quite obvious who the frontrunner for Best Actress is. Renee Zellweger seems primed to win the Academy Award this year. However, Scarlett Johansson has the next best odds of taking home the coveted statue.

Best Actor Odds

Now, Best Actor is another of the major categories that audiences are excited about for the Oscars. Which means, Best Actor is another great category to place your bets on. Here are the odds for Best Actor for this year.

Best Actor DraftKings Odds
Joaquin Phoenix -5000
Leonardo DiCaprio +3300
Jonathan Pryce +6600
Adam Driver +1000
Antonio Banderas +5000

The odds here demonstrate a clear Oscar favorite for Best Actor this year. And, that favorite is Joaquin Phoenix for his performance in Joker.

Best Supporting Actress Odds

Another of the most anticipated acting categories is the Best Supporting Actress award. So, you will want to know who to look at for your Oscars betting purposes. Check out these odds to see who is most likely to win this big acting award.

Best Supporting Actress DraftKings Odds
Laura Dern -3335
Florence Pugh +1400
Kathy Bates +5000
Margot Robbie +1200
Scarlett Johansson +2500

As you can see, this is another chance for you to bet on the Oscars with a frontrunner. Laura Dern is highly likely to walk away with the prize for her performance in Marriage Story. But, Margot Robbie also turned in quite a performance in this category as well.

Best Supporting Actor Odds

The last of the major acting awards at the Oscars is Best Supporting Actor. This is another of the most fun categories to place your bets on. You will want to make sure to choose the actor you feel will win the statue this year.

Best Supporting Actor DraftKings Odds
Brad Pitt -3335
Al Pacino +2800
Anthony Hopkins +5000
Joe Pesci +1200
Tom Hanks +3300

As with the other categories, the odds for Oscars betting are pretty clear. Brad Pitt is most likely going to win the Academy Award for Best Supporting Actor this year. But, Joe Pesci could provide an upset and win the award instead.

Best Director Odds

The final category that we will be looking into will be the Best Director Academy Award. This is another of the most anticipated categories at the Oscars every year. So, we shall look at the odds for this illustrious award.

Best Director DraftKings Odds
Sam Mendes -1250
Quentin Tarantino +1400
Todd Phillips +5000
Bong Joon Ho +500
Martin Scorsese +4000

When it comes to the Best Director race, it is not as cut and dry as the others. Of course, Sam Mendes is favored to win for his direction of 1917. But, Bong Joon Ho is not far behind with his direction of the surprise hit Parasite. 

How to Read Oscars Odds

Now, if you are going to be placing your bets on the Oscars, you will need to understand odds. Odds will tell you the likelihood of an outcome of an event, like the Oscars. Plus, you will also be able to calculate how much you will make should you place a winning bet.

The odds listed on the FoxBet and DraftKings online sportsbooks are moneyline odds. Moneyline odds are also known as American odds. These kinds of odds are used in terms of $100 bets.

When using American/Moneyline odds, negative numbers indicate which competitor or competitors are favored to win. A positive number indicates a competitor is less likely to win. However, a lower positive number is more favorable than a higher one.

Where and When to Watch the Oscars Live

The 92nd Oscars will be airing live on Sunday, February 9th, 2020 at the Dolby Theatre at Hollywood & Highland Center in Hollywood, CA. They will be airing at 8pm Eastern Standard Time. The ABC network will be hosting the Oscars this year.

If you do not have access to a TV, you can watch the Oscars live through the ABC website if you have a cable subscription. Otherwise, you should be able to use Disney+ or to watch the Oscars live from your device of choice. Plus, you can also check the Oscars’ official website for video clips and live updates.

That way, you can bet on the Oscars and then watch the results. So, you will be able to see if your bets are paying off. And, you can also see all the unexpected and expected events alike as they unfold!

Where to Bet on the Oscars

Your first question after can you bet on the Oscars has to be where to place your bets. Lucky for you, there are a couple of well known sportsbooks that will also take your Oscar bets this awards show season. The following table lists two of the best options for your Oscars betting needs.

Operator Welcome Bonus Bet Now
DraftKings Up to $1,000 awarded as a risk-free bet plus a 20% first deposit match up to $2,500 Open Account
FoxBet Get up to $100 free bets on your first bet Open Account
FanDuel Risk-Free Bet Up to $500 Open Account

As you can see, there are some great welcome offers you can use when betting on the Oscars. But, you may still want to know more about these online sportsbooks. We will look a little bit more into both of these online sportsbooks below. This includes Oscars odds as well. Keep reading to find all the relevant details.

DraftKings Sportsbook

The DraftKings online sportsbook has fast become one of the most popular online sports betting sites in the country. Originally an online daily fantasy sports site, you can now place legal sports bets on the site or using the app. And, the Oscar betting odds you find on the site have been vetted and researched.

  1. DraftKings Sportsbook

    94 /100
    $50 Free Bet + Deposit Bonus Up to $1000
    First time Deposit Only. 21+. NJ/PA/WV/IN/IA/CO/IL/TN/MI/VA only. Deposit bonus issued as site credits. Full T&C apply. Visit site

FoxBet Sportsbook

The FoxBet online sportsbook has the distinction of being the first online sports betting site from a major media corporation. As a result, there is a lot of pressure on the FoxBet sportsbook to remain at the forefront when it comes to sports betting. So, that is why you can find markets like Oscars betting offered on the site. 

  1. FOX Bet

    89 /100
    Place your first real money bet and if it loses, FoxBet will match it as a free bet up to $500. Minimum odds of -200 apply. 21+, T&Cs Apply. CO, MI, NJ & PA only. "If you or someone you know has a gambling problem, help is available." Call 1-800-GAMBLER. Visit site
    • New customers only
    • Minimum Odds -200 (1.50)
    • Android and iOS App
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