How To Bet The Oscars

Betting Odds And Strategy


For many years, European betting sites have offered wagering on the Academy Awards. In 2019, the United States got in on the action for the first time, with almost every New Jersey sportsbook offering Oscars betting odds and wagering opportunities.

The 2021 Academy Awards ceremony is this coming Sunday, and the third year of US Oscars betting will be even bigger than the last two. Michigan, Colorado, Indiana and New Jersey will allow for legal Oscars betting in 2021.

With more books than ever following Hollywood’s biggest night, let’s run down how Oscars betting works, where you can bet on them, what the odds are, and how to place your best Academy Awards bets.

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Oscars odds: 2021

Here are Oscars odds for the “Big 6” categories, which are: Best Picture, Best Director, Best Actor, Best Actress, Best Supporting Actor and Best Supporting Actress. Click on the price(s) you like below to bet now.

Best Picture
Best Director
Best Actor
Best Actress
Best Supporting Actor
Best Supporting Actress

(Eastern Time)
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The Trial of the Chicago 7
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Promising Young Woman
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Judas & the Black Messiah
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Sound of Metal
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The Father
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(Eastern Time)
Chloe Zhao
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David Fincher
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Lee Isaac Chung
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Emerald Fenell
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Thomas Vinterberg
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(Eastern Time)
Chadwick Boseman
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Anthony Hopkins
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Riz Ahmed
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Steven Yeun
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Gary Oldman
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(Eastern Time)
Carey Mulligan
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Viola Davis
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Frances McDormand
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Andra Day
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Vanessa Kirby
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(Eastern Time)
Daniel Kaluuya
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Sacha Baron Cohen
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Paul Raci
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Leslie Odom Jr.
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LaKeith Stanfield
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(Eastern Time)
Youn Yuh-jung
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Maria Bakalova
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Glenn Close
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Olivia Colman
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Amanda Seyfried
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Best Picture odds

Nomadland is the favorite to win Best Picture. Oscars betting odds at Bet365 had the film at -450 on April 7 but it is now -600.

FilmApril 7 oddsApril 25 odds
The Trial of the Chicago 7+600+500
Promising Young Woman+1400+2000
Judas and the Black Messiah+2800+4000
The Father+8000+5000
Sound of Metal+8000+8000

Best Director odds

Chloe Zhao is favored to win Best Director for her work on Nomadland. She was -1000 at Bet365 on April 7 and is an even bigger favorite now at -2000.

DirectorFilmApril 7 oddsApril 25 odds
Chloe ZhaoNomadland-1000-2000
David FincherMank+900+900
Thomas VinterbergAnother Round+1400+1600
Emerald FennellPromising Young Woman+2000+2000
Lee Isaac ChungMinari+1200+2000

Best Actor odds

The late Chadwick Boseman is a big favorite to win Best Actor at the 2021 Academy Awards. He was -3300 at Bet365 on April 7 for his role in Ma Rainey’s Black Bottom and is now -1200.

Actor FilmApril 7 oddsApril 25 odds
Chadwick BosemanMa Rainey's Black Bottom-3300-1200
Anthony HopkinsThe Father+1000+600
Riz AhmedSound of Metal+2000+1600
Gary OldmanMank+3300+3300
Steven YeunMinari+3300+3300

Best Actress odds

Carey Mulligan is the favorite to win Best Actress for her role in Promising Young Woman but she has plenty of competition as you can see below.

ActressFilmApril 7 oddsApril 25 odds
Carey MulliganPromising Young Woman+125+125
Viola DavisMa Rainey's Black Bottom+187+188
Frances McDormandNomadland+450+350
Andra DayThe United States vs. Billie Holiday+600+600
Vanessa KirbyPieces of a Woman+1000+2000

Best Supporting Actor odds

Daniel Kaluuya is favored to take home the Best Supporting Actor award. He was -1400 at Bet365 on April 7 and is now -2500.

ActorFilmApril 7 oddsApril 25 odds
Daniel KaluuyaJudas and the Black Messiah-1400-2500
Paul RaciSound of Metal+1400+1200
Sacha Baron CohenThe Trail of the Chicago 7+900+1400
Leslie Odom Jr.One Night in Miami+1400+1600
LaKeith StanfieldJudas and the Black Messiah+2500+3300

Best Supporting Actress odds

Youn Yuh-jung is minus odds to win Best Supporting Actress at Bet365. She was -163 at Bet365 on April 7 and is now -600.

ActressFilmApril 7 oddsApril 25 odds
Youn Yuh-jungMinari-163-600
Maria BakalovaBorat Subsequent Moviefilm+250+450
Glenn CloseHillbilly Elegy+550+1000
Olivia ColmanThe Father+1000+2500
Amanda SeyfriedMank+1200+3500

Other categories

Here are some other categories that are available to wager on at DraftKings Sportsbook. Sign up here at DraftKings to bet now.

Best Adapted Screenplay

  • Nomadland -350
  • The Father +450
  • Borat Subsequent Moviefilm +800
  • One Night in Miami +1400
  • The White Tiger +3300

Best Animated Feature Film

  • Soul -2500
  • Wolfwalkers +800
  • Onward +2500
  • Over the Moon +2800
  • A Shaun the Sheep Movie: Farmageddon +400

Best Animated Short Film

  • If Anything Happens I Love You -275
  • Opera +450
  • Burrow +650
  • Genius Loci +1000
  • Yes People +2500

Best Cinematography

  • Nomadland -275
  • Mank +350
  • News of the World +1400
  • Judas and the Black Messiah +1700
  • The Trial of the Chicago 7 +2000

Best Costume Design

  • Ma Raineys Black Bottom -400
  • Emma +334
  • Mank +1000
  • Mulan +2500
  • Pinocchio +4000

Best Documentary Feature

  • My Octopus Teacher -200
  • Time +400
  • Collective +800
  • Crip Cramp +200
  • The Mole Agent +5000

Best Documentary Short

  • A Love Song for Latasha -250
  • A Concerto is a Conversation +500
  • Colette +1000
  • Hunger Ward +1200
  • Do Not Split +1400

Best Film Editing

  • Sound of Metal -110
  • The Trail of the Chicago 7 -110
  • Nomadland +900
  • The Father +2800
  • Promising Young Woman +5000

Best International Feature

  • Another Round -450
  • Quo Vadis, Aida? +650
  • Collective +1200
  • Better Days +2500
  • The Man Who Sold His Skin +2800

Best Live Action Short Film

  • The Letter Room -150
  • Two Distant Strangers +163
  • Feeling Through +1200
  • The Present +1200
  • White Eye +5000

Best Makeup

  • Ma Raineys Black Bottom
  • Pinocchio +550
  • Hillbilly Elegy +1200
  • Mank +2000
  • Emma +2500

Best Original Score

  • Soul -800
  • Mank +800
  • Minari +1700
  • Da 5 Bloods +2500
  • News of the World +2500

Best Original Screenplay

  • Promising Young Woman -250
  • The Trial of the Chicago 7 +275
  • Minari +1400
  • Judas and the Black Messiah +3300
  • Sound of Metal +3300

Best Original Song

  • Speak Now -155
  • Io Si +240
  • Husavik +350
  • Fight for You +2500
  • Hear My Voice +2500

Best Production Design

  • Mank -560
  • Ma Raineys Black Bottom +650
  • Tenet +900
  • News of the World +2000
  • The Father +2000

Best Sound

  • Sound of Metal -2500
  • Mank +1000
  • Soul +1200
  • Greyhound +3300
  • News of the World +3300

Best Visual Effects

  • Tenet -350
  • The Midnight Sky +275
  • Mulan +1700
  • Love and Monsters +2500
  • The One and Only Ivan +2500

When is the 2021 Oscars ceremony?

The 93rd Annual Academy Awards will air on ABC and ABC streaming services on Sunday, April 25 at 8 p.m. ET.

Nominations for the awards were announced on March 15, 2021.

March 15: Oscar nominations announced
March 24: PGA Awards
April 4: SAG Awards
April 10: DGA Awards
April 10-11: BAFTA Awards

There aren’t really betting opportunities for these other awards ceremonies. They are worth following though because the winners in these events can often indicate who is set up to succeed at the Oscars.

Take the Producers Guild of America (PGA) Awards. There have been 32 PGA Awards ceremonies – counting this year’s –  and in 21 of them they have awarded the same Best Picture winner as the Oscars. Will it be 22-of-32? The PGA Awards had Nomadland as its 2021 Best Motion Picture, and the Chloe Zhao drama is also the current favorite to win the Oscar for Best Picture.

Oscars categories and eligibility

While it is the 2021 Oscars, the films up for the honors are those that were released from Jan. 1, 2020 to Feb. 28, 2021.

There are 24 competitive Oscars categories. Some books will offering wagering on every category, but others will limit themselves to what is considered the Big Six. These categories are:

  • Best Picture
  • Best Director
  • Best Actor
  • Best Actress
  • Best Supporting Actress
  • Best Supporting Actor

These six categories are the focus of most of the media coverage and public interest around the awards. If you are interested in maximizing what you can win on Oscars night though, it is the smaller markets where inefficiencies and mispricing are more prevalent.

Of the six major categories, here is a glance at the pricing of the winners in 2020. Four of the six favorites in the major categories won.

  • Best Picture: Parasite +225 (not the favorite)
  • Best Director: Bong Joon-ho for Parasite +275 (not the favorite)
  • Best Actor: Joaquin Phoenix for Joker -5000 (favorite)
  • Best Actress: Renee Zellweger for Judy -2500 (favorite)
  • Best Supporting Actor: Brad Pitt for Once Upon A Time In Hollywood -3355 (favorite)
  • Best Supporting Actress: Laura Dern for Marriage Story -2500 (favorite)

In 2019, favorites also won four out of six of the big categories.

What types of Oscars bets are available?

All Oscars wagers are moneyline bets. These are the most straight-forward, simple types of wagers. There are no point spreads to consider.

It’s important to note: while typically all favorites are priced around the same on most sites, you can often find a wide range of pricing for underdog moneyline wagers. We encourage you to explore your options on all legal sportsbooks.

Where can I bet on the Oscars?

Michigan sportsbooks

Michigan sportsbooks have been approved to allow for Academy Awards wagering on several categories. Sportsbooks with odds posted in the Great Lakes state include:

Colorado sportsbooks

New Jersey sportsbooks

New Jersey sportsbooks have been approved to offer Oscars betting on at least a few categories. The sportsbooks that allowed betting in every category were:

Indiana sportsbooks

European sportsbooks

Most operators in Europe (like bet365 and betway) have been taking bets on the Academy Awards for years. Odds have been posted for the 2021 Oscars well before the nominations were announced.

Where can I find Oscars betting predictions and tips?

If this is your first time betting the Oscars, it helps to read as much information as possible so you can confidently place your wagers.

You may have heard certain awards such as the SAGs or Producer’s Guild are good indicators as to how the Academy will vote. There are sites that track these awards and offer predictions for winners, such as Awards Watch and Golden Derby.

Over the course of the next few weeks, will have picks articles as well. And you can check back to this page for updated odds and news on Oscars betting.