The Academy Awards remain one of the most anticipated nights in entertainment, drawing global audiences eager to see which films and performances take home Hollywood’s most prestigious honors. In recent years, the Oscars betting market has grown substantially, with offshore sportsbooks offering odds across major categories well before the ceremony airs. From Best Picture to acting awards, the Oscars betting landscape provides a unique opportunity to apply research, industry buzz, and awards season trends to real wagering decisions.

Unlike traditional sports markets, the Oscars betting process relies on analyzing precursor awards, guild voting patterns, critical reception, and campaign momentum. Savvy bettors track results from the Golden Globes, BAFTAs, and SAG Awards to identify shifting narratives and frontrunners. Because lines can move quickly as momentum builds, understanding how the Oscars betting markets evolve is key to finding value before the public fully catches up.

At the 98th Academy Awards, Anora continued its momentum by landing multiple nominations, while early favorites such as The Brutalist and several late-year releases helped shape one of the most competitive races in recent memory. With the 2026 ceremony now in the books, attention turns to the 99th Academy Awards, where a fresh field of contenders will create new betting opportunities for awards-season bettors.

Oscars Best Picture odds

The 99th Academy Awards are expected to take place in March 2027 as Hollywood returns to the Dolby Theatre in California. Oscars betting odds markets will be monitored closely as studios begin launching their leading contenders through the fall festival circuit and winter release calendar. The odds are not yet widely available, but once markets open, we will post the latest prices here.

99th Academy Awards Best Actor OddsBetUS Sportsbook Review 2026BetOnline Sportsbook & Casino Review 2026Bovada Sportsbook Review 2026
Tom Cruise+300+310+300
Andrew Scott+525+500+500
Andrew Garfield+600+600+600
Matt Damon+600+600+600
Josh O’Connor+700+700+700
Brad Pitt+800+800+800
Adam Driver+900+900+900

Best Oscars betting sites in 2026

Awards season builds momentum quickly, and the Academy Awards consistently attract strong wagering interest. Many leading offshore sportsbooks provide extensive Oscars betting markets, including outright winners in major categories and a variety of prop bets. Top tier options such as BetOnline and Bovada regularly post competitive odds across Best Picture, acting awards, directing, and more, making them reliable choices for anyone looking to bet on the Oscars.

As nominations are revealed and momentum shifts through the rest of awards season, lines can move dramatically. That volatility creates opportunities for bettors who monitor trends and act decisively. Be sure to explore BetOnline, Bovada, and the other trusted offshore sportsbooks featured on this site to compare odds and secure the best value before the ceremony takes place in California.

betting on the oscars

 

Oscars betting odds: The main categories

Although there is a near-endless list of Oscars betting markets, the focus is on the key events and awards, which we’ll cover in our list below.

Best picture odds

When people refer to the ‘Oscars odds’ the chances are they are referring to the winner of the Oscar Best Picture odds, which generally bring together the best movies of the year and peg them against one another. At first, there were only five nominees for the award, but it has since increased to ten.

The favorites odds aren’t always to be trusted, as we saw in 2010 with The King’s Speech and again with Moonlight in 2016. Betting on Best Picture odds is an outright format, meaning you pick who will win the award outright that year.

Best actor odds

From Brad Pitt to Leonardo DiCaprio, each year we see Hollywood’s most glamorous and talented actors do battle for the top prize. This award is probably tied joint second with Best Actor as the most popular award for the event. There are normally outright favorites, with one particular actor standing out above the rest of the pack.

While this is true, this isn’t always the case. If we look back to Roberto Benigni winning in 1998 and Adrian Brody in 2002, you know things are never going to be straightforward.

Best actress odds

Exactly like its Best Actor counterpart, the odds for Best Actress tend to be a full-gone conclusion and rarely offer great value in the odds. Having said that, there is nearly always some value to be found in the odds. Avoid the favorite and focus on second and third picks in this category, as the favorite is often saturated. We’ve seen upsets including Glenn Close losing in 2018 and Meryl Streep winning in 2011. We should mention that we don’t recommend betting on this market unless it’s an “open field” so to speak, which is rarely the case.

betting tips for the oscars

 

Best director odds

The best director can be a category that is overlooked by punters, but it really holds as much weight as best actor/actress, as the outcome is quite often related to the movie that was best directed. The Best Director and Best Picture categories are almost always intrinsically tied to one another, with the occasional upset along the way. Tom Hooper taking Ridley Scott’s Oscar in 2010 is certainly one of note.

Best supporting actor/actress odds

This is the first award to be announced during the evening, though it really doesn’t hold the same glamour and weight as the aforementioned categories. This category is often full of upsets, as it’s rarely a foregone conclusion. Alan Arkin beat Eddie Murphy in 2006, which was an unprecedented upset.

As one of the more “open” categories, it gets a lot of attention from Entertainment bettors. There’s little else to say, other than to remind you of a few more unforeseen outcomes. Juliette Binoche upsetting Lauren Bacall in 1996, as well as Marisa Tomei pulling off a huge underdog win for My Cousin Vinny in 1997.

Other Oscars betting odds

There are a variety of other categories, some dozen or so, that offer some great opportunities to find value in Oscars betting odds. Here are a few of the most popular Academy Awards categories we haven’t covered yet:

  • Best Original Screenplay odds
  • Best Adapted Screenplay odds
  • Best Animated Feature Film odds
  • Best Documentary Feature odds
  • Best Original Song odds
  • Best International Feature Film odds

The popularity of these categories, certainly in the oddsmakers eyes, depend largely on if there is any demand (a popular nominee) for the market. Sometimes very popular musicians or songs features on the soundtrack of movies.

How to bet on the Oscars

Before you begin wagering on the Oscars this year, be sure to check that you have a solid strategy and you’re placing smart wagers. What do we mean by “smart wagers?” Well, this can be broken down into various sections, which we’ve put together below.

Track actors’ awards and nominations

In order to get a complete understanding of how things might unfold for each Oscars betting category, we would advise taking a look at what has happened in other awards ceremonies that year and which actors and actresses have been presented with awards already in 2026.

Keep an eye on last year’s winners

Looking at the history of the event, it’s particularly unlikely to see the same winner two years consecutively. Also, looking back on years gone by, we can see which actors have received Oscars for successful acting. If it’s a number of years in the past, there’s a chance the Academy of Motion Picture Arts and Sciences recognizes the actor’s brilliance and pick them again.

Consider each actor’s popularity

Leonardo Dicaprio, Frances McDormand, and Brad Pitt are the types of names you can expect to be picking up awards at the Oscars. If they are nominated for major productions, it’s worth checking the odds to see if there is any value in the market this year.

Bet with your head, not your heart

This is an important one. Bettors often follow their instincts and just bet without doing their homework in the particularly Oscars betting market. As such, we’d strongly encourage you not to just follow your instincts and make intelligent bets.

Look for value

Regardless of whether you are chasing a market that you enjoy or staking on something, you feel you know the outcome. Ultimately, success betting is about making money. So, look for value in the odds and when placing your Oscar bet and do it based on something that will pay out well.

Bet on the Oscars at our offshore sportsbooks

Although the Oscars are a major event, not every bookmaker follows the odds. As such, it’s worth checking out if your favorite bookmaker is going to list markets for the Oscars before the event comes around. When it comes to Oscars betting, any sensible bettor should be looking for competitive odds and unique props.

When reviewing the sportsbooks, be sure to look for oddsmakers offering decent promotions, as this is a popular market and one that will likely offer some decent value. Promotions come and go, so you can never be sure, but it’s worth taking a look ahead of time.

Alternatively, be sure to sign up with various bookmakers, so that when the time comes you can line shop and find the best value.

As is the case for most entertainment markets, the Oscars betting should be entertaining! Generally speaking, the odds aren’t likely to be favorable for the bettor. However, things change each year. So, if you’re a bit of a film buff, take advantage of these markets.