With football season over, bettors are looking for alternative wagering options. Enter the 92nd Academy Awards.
The 2020 Oscars take place on Sunday (6:30 p.m. ET, ABC) at the Dolby Theatre in Los Angeles. The Hollywood award show can’t replace the excitement of the NFL, but it is a way to build your bankroll, which is all gamblers really want.
The top prize on Sunday is Best Picture. Nine nominees are up for the prestigious award.
We're celebrating #Oscars week the best way we know how: GAMBLING!
Let @ActionNetPod's Academy Awards Betting Spectacular with @ChrisRaybon@_Collin1@katiesrichcreek & Caroline Smith prep you for the betting red carpet!
First up? Best Director longshots… pic.twitter.com/EClt4pGuUL
— The Action Network (@ActionNetworkHQ) February 4, 2020
2020 Oscars: Odds to Win Best Picture (DraftKings)
- 1917: -250
- Parasite: +350
- Once Upon a Time in Hollywood: +800
- Joker: +1200
- The Irishman: +5000
- Jojo Rabbit: +6600
- Little Women: +10000
- Marriage Story: +10000
- Ford v Ferrari: +25000
[Bet now at DraftKings. NJ and IN only.]
The World War I drama "1917" is the clear favorite at -250 odds. Should bettors go chalk or is there value with one of the underdogs?
To find out, we turned to the predictions at GoldDerby.com. The GoldDerby’s experts have been incredibly accurate at forecasting the outcome of award shows.
According to the GoldDerby, "1917" is a deserved favorite with the experts predicting the movie to win the award 57.1% of the time. However, at -250 odds the implied probability of the Sam Mendes' war film taking home the Oscar is 71.4%.
There is no value betting on "1917."
Instead, bettors should take a chance on "Parasite" at +350. The movie is about a poor family who scheme to become employed by a much wealthier family. The dark comedy has grossed more than $160 million worldwide.
"Parasite" has been making history. It was the first South Korean movie to win the Palme d’Or at the Cannes Film Festival and the first foreign language movie to win the Screen Actors Guild Award for best cast in a motion picture.
The experts at GoldDerby think "Parasite" could make further history as the first foreign language film to win the Oscar for Best Picture. "Parasite" is projected to win the Oscar 25.0% of the time. At +350 odds, the implied probability of victory is 22.2%.
"1917" is the favorite but don’t be surprised if "Parasite" continues to make history on Sunday.
