Tips for Betting on Oscar Awards

The Oscars is officially known as the Academy Awards, and it is one of the most highly anticipated awards presented annually to recognize and honor outstanding achievements in the film industry. Unknown to many, betting on Oscar is a gold mine and they are yet to tap into it. That is why we’ve put together this comprehensive guide for you to begin to explore it.

Best Apps to Bet on Oscar

To start betting on Oscar, you’ll need to first sign up with a bookmaker that guarantees the best gambling experience for you. The following are some of the best apps you can start your journey with:

Parimatch 

Are you looking for a free gambling platform that still assures you an unbeatable experience? Parimatch app is definitely the best option for you. It is a mobile application that offers you the opportunity to place bets on various sports and casino games anywhere, anytime. Betting with this application numerous benefits that you have to experience firsthand. Some of the key ones includes:

• You get up to +150% welcome bonus.
• To sweeten the deal, there’s regular promotional offers.
• Variety of games and sports for you to bet on.
• If you constantly have space issues on your device, Parimatch has got you covered. The application does not take up much space and yet still runs smoothly.

1win 

1win is a licensed and accessible betting platform that offers up to 500% bonus on your first deposit. But beyond the generous welcome offer, the following are other advantages of using this app:

• There’s over 1000 events daily for your betting activities.
• Quick and stress-free registration process.
• 24/7 customer support
• Free built-in live streaming functionality for all registered users.
• Fast withdrawal process.

22bet 

22bet was established in 2017 and has since then garnered popularity due to its large array of betting options and incredible odds. Other great things about this app includes:

• Hassle-free registration process.
• Attractive welcome bonus of up to 100% and more promotional offers as you go on.
• Convenient deposit methods.
• It has a live-betting feature.
• Accommodates over 30 languages.

Oscars’ Betting Lines 

Before betting on Oscar, it’s essential for you to go through the betting lines the sportsbook you’re using provides. These lines are the odds for wagering on the outcome of the Academy Awards for different categories. They show how much you can cash out for each competitor with respect to the amount you wager. When there’s a lot of people rooting for a nominee to win, you can be sure the odds will be low, else, it’ll be high. Having an understanding of the lines will help you decide which of these to go with:

• The people’s favorites with higher chances of winning.
• The underdogs that promise substantial payout if they win.

Types of Oscars Bets 

The following are ways you can bet on Oscars:

Award Winners

This involves you wagering on the outcome of a specific award category. Correct prediction of the winner means you are cashing out.

Prop bets 

When you don’t necessarily want to be involved with the awards, but still want to bet on Oscar, prop bets come to your rescue. It means betting on various aspects of the oscars unrelated to the awards such as:

• Length of the acceptance speech
• The color of dressers presenters wear
• Which winner says the first thank you

Oscars Betting Tips  

When betting on Oscar, knowledge of the types and odds without knowing how to place strategic bets that’ll yield positive returns is not enough. Hence, we’ll look at the tips that can help you do just that.

Watch The Movies 

Before placing a wager, the first step is research. What better way of researching Oscars’ selections than by watching the nominated movies? This will help you evaluate each nominee in each of the categories so you can form your own opinions. With this, you’ll be able to understand why a particular candidate might be a strong contender.

Understand The Categories 

Each category of the awards has unique preferences and considerations that influence the outcome. Hence, it’s important for you to understand what each category means and what the criteria for winning is. To do this, you can watch previous winners to see if there’s a notable pattern. You can also watch the nominee screening to understand the determining factor for selection.

Take Note Of Each Film’s Momentum 

This means paying attention to the overall reception and performance leading up to the awards. Here’s how you can go about it:

• Consider other prestigious nominations and awards a film has received in the lead-up to Oscars.
• Analyze the rating and reception.
• Check out the box office success.

With the previous achievements, you can predict a selectee’s potential for success.

Understand The Nuances Of The Academy’s Process  

When betting on Oscar, you need to have a comprehensive knowledge of how the academy conducts its annual awards ceremony. This involves you understanding the selection and voting procedures for contenders and winners. When you understand how someone works, you’ll be able to gauge what they’ll do. Likewise, having this understanding will help you make more accurate predictions.

Track The Winners Through Awards Season 

You have to keep a close eye on the various awards ceremonies and industry honors that lead up to Oscars. Numerous awards events take place in the months preceding Oscars and they often indicate the momentum and performance of nominees.

Final Words

Yes it’s true that betting on the Oscars can be unpredictable. But if you follow these tips, you can bet you’ll make more informed wagers.

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