OSCAR BETTING GUIDE 2019

LEGAL U.S. OSCAR BETTING FOR THE FIRST TIME

Lots of people have attempted to guess who’ll take home the Academy Award at an Oscars party or with friends. New Jersey is taking the movie awards into the next level.
The New Jersey Division of Gaming Enforcement gave sportsbook the all-clear to take wagers on the Oscars. So far, most NJ sportsbooks have submitted chances. It’s unforged territory for US sports gambling. Nevada has never reserved action on the Oscars. Additionally, spokespeople for both West Virginia and Pennsylvania said there are not any plans to provide Oscars betting.
How Can OSCAR BETTING WORK?
There’s truly just one type of bet sportsbooks will offer around the Oscars. Each nominee in a category has moneyline odds they will take home the award.
Let’s take Best Manager as an example. Here is a look at the five nominees and sample odds for every :
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 movie Roma. Should you wager $120 on Cuaron to acquire and he does, you would get your $120 back and gain $10. To put it differently, you would have to bet $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’d win back your $10 bet and gain $200. To put it differently, you’d win $200 for every $10 you wagered (or $20 for every $1, etc ).
As there are countless awards show leading up to the true Oscars, there is typically a very clear frontrunner in every class. This means steep moneylines on the likely winners. These bets require you bet a lot to win a little. But if you’re able to accurately predict an upset, you can create a tidy profit.

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