The 2021 Oscars is set to take place on April 25, 2021 as some sportsbooks are beginning to release early odds. In 2020, only Indiana and New Jersey allowed legal betting on the Academy Awards although there is hope more states legalize the market.

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888sport, a legal US operator in the United States, also has betting shops set up overseas and they’re one of the first to open their numbers.

1. The 2021 Oscars is set to take place on April 25, 2021 as some sportsbooks are beginning to release early odds. In 2020, only Indiana and New Jersey allowed legal betting on the Academy Awards although there is hope more states legalize the market. 888sport, a legal US operator in the United States, also has betting shops set up overseas and they’re one of the first to open their numbers.
2. The ABC-televised event will once again have no host for the second consecutive year, but no matter, that fact doesn’t effect out picks or the likely outcomes in each category. Okay, let’s take a look at the latest 2020 Academy Awards odds and preview. 2020 Academy Awards Odds, Preview & Picks.

Along with the well-known award show, 888sport is offering other entertainment markets which includes the Grammys, Emmys and various other special markets.

2020 Oscars Betting Odds: '1917,' Brad Pitt, and More Betting Favorites to Win Academy Awards. Oscars Betting Odds. View all available outright and match odds, plus get news, tips, free bets and money-back offers. All you need to bet.

What Odds Are Offered For The Oscars?

Typically, most of the big categories will see odds offered at the Academy Awards. The most popular categories include Best Picture, Best Lead Actor and Best Lead Actress.

The other categories range from popular ones such as Best Supporting Actor/Actress and Best Director to the smaller-known categories such as Best Costume Design and Best Sound Mixing.

Listed below are odds per 888sport, which are always subject to change.

2021 Oscars Best Picture Odds

2021 Oscars Best Leading Actor Odds

2021 Oscars Best Leading Actress Odds

Updated Mon., Feb. 8, 11:00 AM ET - Consensus Odds Provided by VI - Subject to Change

While betting on the Academy Awards or any award show is only legal in two states, these betting markets could be available any year in states with legal betting moving forward.

2021 Oscar Odds: Key Info & Categories

• Show Date: April 25, 2021
• Time/Network: TBD

There are currently no nominations for the 2021 Oscars, with legal sportsbooks only offering Best Picture odds. That will change as nominations are announced for various categories. Here are the categories that typically offer odds at the Oscars.

• Best Picture
• Best Director
• Best Lead Actor
• Best Lead Actress
• Best Supporting Actor
• Best Supporting Actress
• Best International Feature
• Best Original Screenplay
• Best Adapted Screenplay
• Best Documentary Feature
• Best Animated Feature
• Best Cinematography
• Best Production Design
• Best Film Editing
• Best Visual Effects
• Best Animated Short
• Best Documentary Short
• Best Live Action Short
• Best Costume Design
• Best Makeup & Hairstyle
• Best Original Score
• Best Original Song
• Best Sound Editing
• Best Sound Mixing

Be sure to continue checking back, as more odds for these categories are released.

Who Picks Oscars Winners?

The Academy of Motion Picture Arts and Sciences picks the winners of each category for the Oscars. There are over 8,000 members that make up the organization, which comes from a variety of positions within the film industry.

The Academy is made up of 'branches'. There are specific branches, each branch having at least one category at the Oscars. The branches include:

• Actors/Actresses
• Writers
• Directors
• Producers
• Music
• Makeup
• Hairstyle
• Sound
• Editors
• Animation
• Short Films
• Visual Effects
• Costume Designers
• Documentary
• Production Designers

Each branch has at least one category, in which specific branch members nominate and vote on winners. Directors nominate and vote for directors, production designers nominate and vote for other production designers, etc...

Oscars 2020 Betting Odds Predictions

Best Picture Oscars Voting

The Best Picture category is the only category that uses a different voting system to pick its winner. All the other categories, members get just one vote. With the Best Picture category, members rank the movies in order of preference.

This is because there are so many nominations for Best Picture now (up to nine in 2020), the Academy wanted to avoid a winner only receiving a possible 10% of votes. The system used for the Best Picture category is known as 'preferential voting'.

This system, according to Variety adds up all the No. 1 votes first. If those votes exceed 50% then the film wins, although this is apparently a very rare circumstance.

If a film that receives the most No. 1 votes is under 50%, then the counting goes to the most No. 2 votes until a film exceeds 50%. If no film has over 50% of the votes after counting all No. 1 and No. 2 votes, then the counting moves to the most No. 3 votes. This is repeated until a film goes over the 50% mark.

How to Bet on 2021 Oscars Odds

Betting on the Oscars is no different than a typical sports wager. You have your typical money-line for one favorite and multiple underdogs. This betting is most common with motorsports or golf betting, essentially 'group betting' a winner. Below is an example of what odds looked liked for one of last year's categories.

2020 Best Picture Odds

• 1917 (-167)
• Parasite (+200)
• Once Upon A Time In Hollywood (+950)
• Joker (+1250)
• The Irishman (+6600)
• Jojo Rabbit (+9000)
• Marriage Story (+10000)
• Little Women (+15000)
• Ford v Ferrari (+25000)

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If a bettor wanted to wager on Parasite to win Best Picture, then it would cost a bettor $100 to possibly win back $300 ($100 wager + $200 winnings). If a bettor wanted to wager on 1917 to win instead, then it would cost a bettor $167 to possibly win back $267 ($167 wager + $100 winnings).

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The Golden Globes used to be a great indicator of who will win the Oscars, but in recent years, the two groups are increasingly not on the same page. Rather than monitor the Globe winners, follow which films and people win the various awards for their respective guilds.

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When it comes to Oscar voting, members of the Academy only vote in categories they work in. The editors are the only ones who vote for Best Editing, for example. The only category everyone votes for is Best Picture. The best way to figure out which film editors prefer, you need look no further than the American Cinema Editors awards.