There is a lot of buzz around betting on the Academy Awards this year because Leonardo Dicaprio is hotly tipped to finally win an Oscar. It would be his first win after being nominated 4 times over his 25 year career.
Further interest has been generated by the racially fueled boycott including A-listers Will Smith, Spike Lee and Snoop Dogg. For the second year in a row all 20 acting nominees are white. This has given rise to the trending hashtag #OscarSoWhite.
The 88th Academy Awards will be held on the 28th of February and hosted by the leading comedian on issues of race in America, Chris Rock, in his second time as host.
How to bet
Betting on the Oscars is very simple, there is no gambling jargon or strategies you need to know about in order to make the bet you want. The only thing you do want to understand if you are a new bettor is how the odds work, especially since Leo is such a short priced favorite.
Where to bet
We were going to make an odds comparison for the Academy Awards but unfortunately only one of the top crypto sportsbooks are offering odds. Fortunately it is one of the best ones! Nitrogen (review) have betting available on every nominee for 11 different Oscars; everything from best visual effects to best animated short.
The crypto angle
There is one crypto angle in this year’s Academy Awards. The 3rd favorite nominee to win the Oscar for best picture is The Big Short. A scathing critic of the current banking and monetary system that many crypto users say is like an indirect promotion for the crypto alternative.
The Big Short is at odds of 8 to win, indicating a 12.5% probability, the clear favorite is The Revenant.