Each year at Los Angeles, all the gorgeous people of Hollywood gather together to hand out gold-plated trophies and tap each other on the back in an event called the Academy Awards. The first service took place in 1929, and it’s grown into an yearly pop culture phenomenon filled with fashion and pageantry. Some watch for those awards, while millions of others listen to find out what the celebs are wearing on the red carpet.
In addition to seeing the event, fans of gambling and/or cinema may take advantage of Oscars betting. Most sportsbooks offer a smattering of alternatives around awards season, along with the savvy cinephile has an opportunity to clean up on a couple of underdog bets.
Oscar Voting Works
Oscar winners are voted on by the members of the Academy of Motion Picture Arts and Sciences. There are approximately 6,000 associates in this organization, 33 percent of which can be comprised of former award nominees. Another 67% have been nominated by current members and voted by the Academy’s governing body.
In most categories, nominees are dependent on the members of that particular category. For instance, directors determine the nominees for Best Director. The Best Picture nominees are voted on by all members, and categories such as Documentary and Foreign Film are chosen by a particular panel.
After the nominees have been announced, members can vote at all available categories. The results are tabulated and announced during the annual telecast of the Oscars (held in late February). Being nominated for an Oscar raises a movie’s earnings, and male actors can enjoy a salary bump of around 81%.
Academy Award Betting Options
Some sportsbooks offer a wide range of wagers for the Oscars, though others limit the number to one or two. The following are among the most frequent:
Futures Winner — Some websites offer future bets on Oscar winners before the nominations are announced. The chances are greater because of the level of uncertainty, but the possible payout is also higher.
Outright Winner — All these odds are released after the nominees have been announced, and they allow players to forecast the outright winners for various categories. Best Picture and Best Actor are always a given, however a few sites may take wagers on Screenplay, Cinematography, as well as Best Animated Feature.
Over/Under — If a film is nominated for several Oscars, expect an over/under to be accessible. In this kind of wagering, the bettor should choose if the actual number of awards won will be higher or lower than the number recorded by the oddsmaker.
Proposition Bets — Also called”prop bets,” this type of bet can cover a vast range of subject matter. Examples may include the over/under on the period of the series, the new dress worn by a star, or whether the host takes a selfie with somebody throughout the broadcast. Some oddsmakers can get quite wild with this option.
Predicting Oscar Winners
Read more here: http://www.valldebaldomar.com/forfar-athletic-manager-jim-weir-recovering-well-after-serious-road-accident-4/