Gamblers Placing Bets on Oscar Odds

Submitted by Gary on Thu, 2010-03-04 at 20:51

With the Oscars just days away, online gamblers are taking the time to bet for their favourite actresses, actors and other industry members. After the nominees were announced, online casinos began taking bets on who would win in each category.

Best actor is expected to go to Jeff Bridges for his leading role in “Crazy Heart”, so much so that bettors will have to risk six dollars for the chance of winning one. Other nominees in the category will pay out better odds if they win because they are less likely to do so.

Betting on the Oscars has become a type of tradition for those who follow the movies and the nominations and are able to keep track of the odds online. In addition to betting for best actor, there are bets placed for best director, actress, writer, producer and best film, among many others.

If the odds heavily favor one nominee, the payout will be significantly decreased because the vote is expected to go that way. Instead, for those who place a bet on someone less likely to win, the payout will be much more rewarding.

Anyone wanting to place bets before Sunday night’s Oscars may still do so for the next couple of days; all those new to the experience are strongly advised to research the odds and ensure they know what everything means.