A guide to moneyline betting for Oscars bettors
February 7th, 2020
Hollywood's best and brightest will descend on the Dolby Theater in Los Angeles on Sunday for the 92nd Academy Awards. Although you may not have scored an invite, you can still enjoy the action from home by learning how to wager on the Oscars.
What are outright markets?
Bets placed on the Oscars through BetAmerica will be outright markets, meaning you are wagering on who you think will win in each cateogry. The odds you see are what you stand to return if a bet hits. It's one of the simplest kinds of wagers to place. But how to interpret those numbers?
What are negative odds?
Negative odds represent odds-on favorites, meaning their odds are below 1/1. This number respresents the amount a bettor has to stake to win $100. Selections that are above even money will be represented with positive odds. Those odds are what you will win if you stake $100.
The easiest way to understand this is with a $100 bet example. Let's use the Best Picture nominees.
In these odds, 1917 is the favorite at -250. This means a $100 bet placed on 1917 to win would return $140.
Jojo Rabbit or the Irishman, both at +5000, would pay out $5100.
Betting on awards shows can be lots of fun, and these tips should get you headed in the right direction!
