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.

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
bet365 $100 in Bet Credits 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.

DraftKings Sportsbook Welcome Offer

Bet in

NJ

Up to $1,000 Signup Bonus

American-Born Sportsbook

iOS & Android Apps

Gambling problem? Call 1-800-GAMBLER (NJ/WV/PA) or 1-800-9-WITH-IT (IN only) or 1-800-522-4700 (NH Only). *A user’s next deposit (min. $5) qualifies the user to receive up to $500 in bonus funds in the form of site credits that can only be used on DraftKings. The deposit must be made while the user is physically located in IN, NJ, WV, PA, or NH. Bonus amount is equal to 20% of that deposit amount, not to exceed $500 (the user must deposit $2,500 to be eligible to receive the maximum possible bonus amount of $500). Bonus funds will be awarded to the user according to the following play-thru requirement: for every $25 played on DraftKings in DFS/Sportsbook or every $60 played on DraftKings Casino, the user will receive $1 in bonus funds released into their player account (e.g., a $2,500 deposit requires a user to play through a cumulative total of $12,500 in daily fantasy contests, sportsbook (-300 odds or longer) casino products, or any combination thereof to receive the maximum possible bonus amount of $500). The play-thru requirement must be met by 4/9/20 to receive maximum bonus. After such date, you are ineligible to earn any additional bonus funds as part of this promotion. See Promotions Page for full details. Limit one (1) deposit bonus per user. Promo ends 2/2/20.First bet matched up to $500. Free bet must be used within 30 days of first bet. Free bet amount is not included in any returns or winnings. Free bet is also not redeemable for cash, non-transferable, and non-refundable. First bet promo ends 2/2/20.

bet365 Sportsbook

Probably the most famous sportsbook worldwide, bet365 has recently opened in New Jersey and is now also taking bets on the Academy Awards. Check out their welcome bonus and their odds below.

Up to $100 in Bet Credits

bet365 Sportsbook Open Account Offer get up to $100 in Bet Credits for new customers at bet365. Make a qualifying deposit (min $10), place bets to deposit value, once they are settled, matched amount in Bet Credits available to use. Bet Credits risk excluded from returns. T&Cs apply.

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. 

FOX Bet Promo Code

Bet in

NJ

Risk-Free First Bet Up to $500

50% Deposit Match up to $500

iOS & Android Apps

Sign up now with FOX Bet and get your first bet matched up to 100% up to $500! You're one click away from your free signup bonus. Terms and conditions apply, 21+ only in NJ and PA. Bet with your head, not over it. Gambling problem? Call 1-800-GAMBLER

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 the two popular online sportsbooks discussed above for Best Picture.

Best Picture DraftKings Odds bet365 Odds
1917 -250 -300
Once Upon a Time in Hollywood +700 +700
The Irishman +5000 +6600
Little Women +10000 +15000
Ford v Ferrari +25000 +25000
Parasite +400 +400
Joker +1200 +1100
Jojo Rabbit +5000 +8000
Marriage Story +10000 +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 bet365 Odds
Renee Zellweger -3335 -3000
Charlize Theron +3300 +2800
Saoirse Ronan +3300 +3300
Scarlett Johansson +1100 +1100
Cynthia Erivo +2500 +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 bet365 Odds
Joaquin Phoenix -5000 -5000
Leonardo DiCaprio +3300 +2500
Jonathan Pryce +6600 +5000
Adam Driver +1000 +1000
Antonio Banderas +5000 +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. The odds are pretty much the same on both online sportsbooks, with the next frontrunner being Adam Driver.

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 bet365 Odds
Laura Dern -3335 -2500
Florence Pugh +1400 +1600
Kathy Bates +5000 +6600
Margot Robbie +1200 +1000
Scarlett Johansson +2500 +3300

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 bet365 Odds
Brad Pitt -3335 -5000
Al Pacino +2800 +2500
Anthony Hopkins +5000 +5000
Joe Pesci +1200 +1100
Tom Hanks +3300 +2800

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 bet365 Odds
Sam Mendes -1250 -1400
Quentin Tarantino +1400 +1600
Todd Phillips +5000 +6600
Bong Joon Ho +500 +650
Martin Scorsese +4000 +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 go.com 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!