How to Bet on the Oscars Online in 2023 (USA Websites)
Most sports gamblers aren’t sitting around think about films. But you might be interested in learning how to bet on the Oscars online in 2023.
The 2023 Oscars will be held on March 12, 2023.
It used to be almost impossible to place a bet on the Oscars. But with online sportsbooks now widely available, it’s easy.
In this post, you’re going to learn what the Oscars are, why you might want to bet on them if you should bet on them, and how to bet on the Oscars in an online sportsbook.
What Are the Oscars, and Why Would You Bet on them?
The Oscars is a popular name for the Academy Awards. The winners of each category receive an “Oscar.” That’s trophy that looks like a statue.
Oscars are awarded to people and films in the movie industry based on technical expertise and artistic merit. These things can be subjective, though. So, it can be a challenge to bet on the award winners.
I’ve bet on several things that I didn’t know a lot about. But betting on the Oscars was way outside of my area of expertise. There are, though, a few handicapping tips for betting on the Oscars.
If you’re looking for good handicapping odds, the Oscars aren’t your best bet. But if you’re looking for a fun way to make a small bet, or if you’re a big film buff, you can make a bet on the Oscars every year.
There are 23 main Oscar categories every year and several special categories each year.
A few of the popular categories include best picture, best director, best actor, best actress, and best screenplay.
Legal Online Oscars Betting
I’m not going to spend too much time talking about the legalities of online sportsbooks. However, many states have made online sportsbooks legal. And some of these states have sportsbooks that offer odds on the Oscars.
If you don’t live in a state where a legal sportsbook offers Oscars bets, you can still place a bet at one of the offshore sportsbooks serving people in your state. I’m not a lawyer, so I can’t tell you if this is legal or not, but I’ve made many bets like this and never had any issues.
The important thing is to make sure you’re dealing with an established sportsbook that has a long history of satisfactory customer care. The other option is to travel to a state that has a state licensed sportsbook that offers odds on the Oscars.
Online Betting on the Oscars in the United States
You only need two things when you want to place an online bet on the Oscars. The first thing you need is an online sportsbook that accepts bets on the Oscars.
The first thing to do is check with the sportsbooks where you already have an account. The odds are good that at least one of them offers bets on the Oscars. If they don’t, check out the popular online sportsbooks listed on this site.
The only other thing you need is a way to deposit money in the sportsbook if you don’t already have money in the book. Most online sportsbooks accept credit cards, and each book lists all of their deposit methods in the cashier area.
When you bet on the Oscars, you’re actually betting on the Academy Awards for each category. Of course, the most popular betting category is for best picture, followed closely by best actor and best director. But most sportsbooks that offer Oscars wagers offer every category on the ballot each year.
Dangers of Betting on the Oscars
Is it dangerous to bet on the Oscars? To answer this question correctly, I have to break it into two parts. The first part is if it’s more dangerous to bet on the Oscars online than any other thing you can bet on, and the second part is if it’s dangerous to your bankroll.
Betting on the Oscars online isn’t more dangerous than betting on anything else in the same sportsbook. As long as you’re working with an honest online sportsbook, if you win, you’re going to get paid, just like if you bet on a football game and win.
The answer to the second part is more complicated. If you’re just placing a small bet for fun, there’s no danger in betting on the Oscars. But if you’re a serious gambler, you need to consider a few things.
The Oscars are not exactly predictable, especially if you don’t know much about what makes movies good and artistic things. Of course, you can handicap the Oscars using the results from previous years, but people vote on the awards, and predicting what people do is always a risky bet.
I’m a sports bettor. And in my experience, it’s easier to handicap games than the Oscars. But I’m sure there are experts that know more than I do about film who could effectively handicap the awards.
If you do handicap the Oscars, you still have to find lines that offer value. And even if you do find what looks like value, I wouldn’t risk a large chunk of my bankroll on a wager.
What about Mobile Oscars Wagers?
Every popular online sportsbook I use also has a mobile app. And in many cases, the mobile app is a better way to place bets than using their online site. But even if an online sportsbook doesn’t have a mobile betting app, you can still use their site on a mobile device.
While the way it looks might be different, the odds offered in a mobile app are the same as the odds offered on the online site for each sportsbook. So it doesn’t matter if you want to place an online Oscars wager or a mobile Oscars wager; you can do either at any sportsbook that offers odds on the Academy Awards event.
The only other thing I’ll add about mobile sports betting is the best way to find the mobile app. Unfortunately, most mobile sports betting apps aren’t listed in popular app marketplaces. So I always go to the online sportsbook site to find where to download the app for my smartphone.
And if this is your first time making a mobile bet in a sportsbook, look for a book that has a bonus offer on your first deposit. Of course, the same is true if this is your first time placing a bet at an online sportsbook too.
Should You Bet on the Oscars in the US?
I have to warn you that this section is more about my opinion than facts. Of course, my opinion is based on facts the way I interpret them, but I’ve already covered everything you need to know about how to bet online on the Oscars in 2023.
While I did place a bet on the Oscars last year, I’m not planning to make any bets this year or in the future. At heart, I’m a sports handicapper, and the Academy Awards are just a little too far outside my area of expertise.
I never like to place a bet that I haven’t handicapped, and I don’t know enough about film to handicap the awards properly. I’m interested in who wins the main awards and which film wins the best picture category, but I don’t know how to identify value properly.
It all boils down to why you want to bet on one or more of the Academy Awards categories. If you like fine films and want to place a small wager to help you enjoy the presentation more, then you should place an online bet.
But if you’re not a film fan or don’t know anything about fine film, you’re better off finding a basketball game to handicap and bet on.
Conclusion – How to Bet on the Oscars
I would’ve never thought about betting on the Oscars a few years ago. I’m not a big film fan, but when I saw the odds at an online sportsbook, I started doing a little studying.
I have a good friend who’s into films, so we talked, and I placed my first Oscars bet. I didn’t win, but watching the show with my friend was fun.
It’s easy to place a bet now that you know how to bet on the Oscars online in 2023. Just don’t expect to win a bunch of money unless you study how voters have behaved in the past and can handicap this year’s awards with more than a guess.