91st Academy Awards Betting Odds
On February 24, Hollywood elites and other film professionals gather to celebrate everything theater to the 91st Academy Awards.
The greatest films of this year move head-to-head vying for top honors, aka a statue that looks like a Ken doll that dropped into a vat of gold nail polish. Winners are chosen by members of the Academy of Motion Picture Arts and Sciences (AMPAS), a company comprising roughly 6,000 film industry professionals.
Oddsmakers calculate Academy Awards gambling odds by determining each nominee’s chance of winning their respective class. Among the wonderful things about Oscar betting lines is that they often come with low juice commission that the sportsbook takes from each wager. Since wagering on the Oscars only comes once annually, unlike gambling on soccer, online betting sites provide cheaper lines to provide bettors an incentive.
Among the biggest betting opportunities is a bet on Best Picture. However, one of the worst beats in the background of betting arrived on February 26, 2017, when Faye Dunaway and Warren Beatty presented the award for Best Picture. For those who have chosen to block this here’s a recap:
Dunaway and Beatty announced that La La Land had won the Oscar for Best Picture. Unfortunatly, the actual winner was Moonlight. It was only when the producer of La La Land, Jordan Horowitz, accepted the award that the error was realized. Dunaway and Beatty was handed the incorrect envelope — the one containing the results for Best Actress, that had been awarded to Emma Stone. It was a huge upset, and to say it was an embarrassing moment would be an understatement.
La La Land was the heavy favorite and bettors thought they’d be collecting their winnings after Bonnie and Clyde declared Best Picture. Unfortunately, those bettors found themselves on the losing side of a bad defeat. On the other hand, those who took Moonlight to win Best Picture had it made.
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