The Oscars are always one of the most-watched awards shows every year.
The 94th editition of the Oscars (also known as the academy awards) will be held on March 27,2022 in Hollywood, California. The highest achievements in movies for actors, directors, producers, cinematography, costume design, music and many more awards will be up for grabs and you’ll get to see the Oscars odds for all them.
What’s more you get to bet on all these events in the Oscars.
Are you wondering how you can bet on the Oscars?
With our Oscars betting guide you’ll be ready to bet on the Oscars in no time!
Here are 5 Oscars betting tips we have for you to help you bet on the oscars.
Oscars Betting Tip #1. Follow the Golden Globes
The Golden Globe Awards are often considered a precursor to the Oscars. The award shows are very similar, even if the Academy Award Show is more prestigious.
For bettors, the nice thing is that the Golden Globes are held two months before the Oscars. In that way, they can be seen as a good measuring stick for who might be considered the favorites in the major categories for betting.
For example, Will Smith won the Best Actor award for his role in "King Richard." As such, he's considered the odds-on favorite to win the same award at the Oscars. While Golden Globe winners don't always end up being Oscars winners, there's a better than 50-50 shot they do.
Oscars Betting Tip #2 Group a Film and Actor or Director
Another decent strategy is to group a film, actor and/or director together. For example, if you're going to bet on Will Smith to win Best Actor, then you could also consider betting on "King Richard" to win Best Picture and Reinaldo Marcus Green to win Best Director.
When you do this, you may be choosing one favorite and two longshots, as is the case of the example here. After all, King Richard currently has odds of 25-1 to win Best Picture. That being said, it's not uncommon for this to happen.
Oscars Betting Tip #3 Go with Experience
Another strategy many bettors employ is to bet on people who have name recognition. The Academy is supposed to judge each nominee independently of their past success, but the members of the Academy are human, after all. They are subject to bias, of course.
In this respect, it's not unheard of for actors and directors to win Oscar awards that many people don't think they deserve -- simply because they have name recognition and are highly respected.
A good example of this for the 2022 Oscars would be Steven Spielberg, who's up for Best Director for his movie "West Side Story." Right now, he's the second favorite with +900 odds, but he's technically a longshot behind the favorite Jane Campion for "The Power of the Dog," at -800 odds.
Both have actually won Oscar awards in the past -- though Campion's was for Best Writing for "The Piano."
Spielberg, meanwhile, has won two Oscar Awards for Best Director -- for 1993's "Schindler's List" and for 1998's "Saving Private Ryan."
Oscars Betting Tip #4 Focus on the Genre
Historically speaking, some movie genres have performed well at the Oscars. This includes any movie about the film industry, movies based on a true story, movies based on novels that won awards and dramas based on war.
"The Power of the Dog" fits right into this, as it was based on a 1967 novel that was written by Thomas Savage. It may be why it's the odds-on favorite to win Best Picture, with -200 odds.
Oscars Betting Tip #5 Don't Ignore Longshots
It's also fun to take a shot on big underdogs. A good place to look are directors and actors who have been nominated for Oscars multiple times in the past, but have just never been able to win. The Academy will sometimes reward these people with Oscars almost as a "thank you" for their long career of contributions to the industry.
A great example of this in the past is director Martin Scorsese. He was nominated for Best Director five times before winning the award. The films he directed that lost were big names, too, including "Raging Bull" and "Goodfellas." He finally won in 2006 for "The Departed."