Awards Betting - Current Odds for All Awards Ceremonies, Prizes, and Festivals

Awards Betting - How Does It Work?

Awards betting works in a similar way to other forms of betting, such as sports betting. You wager on an event that hasn’t happened yet and try to predict the outcome. In the same way you would with sports, you can research the events and study all the relevant statistics to help inform your decision.

Then, you can explore a wide range of sportsbooks online to find the best odds for the event you want to bet on. The odds, in the case of award shows, are based on the likelihood that someone will receive an award. You place a bet on awards in the same way you would with sports, and wait until the event has happened to see if you have won.

How Do I Place a Bet on Awards or Prizes?

If you want to place a bet on awards or prizes, simply follow the instructions below:

1. Find a sportsbook that you want to bet with
2. Create an account and deposit some funds
3. Navigate to the specials section of the sportsbook and find the market you want to wager on
4. Decide how much you want to stake and click confirm
5. Wait until the event has happened to see if your bet has won

Top Sportsbooks for Awards Betting

Our site offers the best options for special bets, as our experts conduct thorough and honest analyses of sportsbooks. You can also find real feedback from bettors to help inform your decision about who to bet with.

We can guarantee that every site we recommend has all the correct licenses in place and is safe for bettors. We also try to search for the best odds from the biggest range of sportsbooks to improve your betting experience.

Available Betting Lines for Awards

Betting on awards, such as the Oscars or the Grammys, is a popular form of entertainment betting. The betting lines for awards are straightforward and easy to understand. Sportsbooks typically list the nominees for a particular award, along with their odds of winning. The bettor simply chooses the nominee they think will win the award and places a bet on that nominee.

In some cases, sportsbooks may also offer props or special bets on awards. For example, a sportsbook may offer a bet on the gender of the winner of a particular award, or the number of awards a particular nominee will win during the ceremony.

It's important to note that betting on awards is considered entertainment betting and not sports betting. As a result, the betting lines for awards are typically found in the entertainment or special events section of a sportsbook, rather than the sports section.

The options presented in sportsbooks for awards betting are typically taken directly from the official shortlists or nominees announced by the organization presenting the award.

This ensures that the betting lines are accurate and up-to-date and allows bettors to see the full range of options available to them. For example, once the BBC Sports Personality of the Year announces their shortlist, you will be able to see all the nominees. They will appear in the sportsbooks with their respective odds.

What Popular Awards and Prizes Can I Bet on?

In this section, you’ll find a complete rundown of all the main award and prize ceremonies that take place each year. Most of the best betting apps that we recommend offer betting odds on these events, and you simply choose the category that you want to wager on. For instance, if you think you can guess what movie will win Best Picture, you can wager on it.

The Oscars

The Oscars are officially known as the Academy Awards and represent the most prestigious accolades dished out in the film industry. The annual event typically takes place in the late winter or spring, after “Oscar season,” which occurs in late fall and runs into winter.

There are 24 categories in the Oscars, ranging from Best Picture to Best Sound Mixing. This means that there are plenty of choices for bettors to sink their teeth into. The most popular markets are usually found on Best Picture, Best Actor, and Best Actress. For film buffs, wagering on the event and picking the correct winners can be rewarding. Sometimes, there are shock results that nobody was expecting.

The GRAMMY Awards

The GRAMMYs are the equivalent of the Oscars for music. These are the most important awards in the music industry, and they are given to artists who have made outstanding achievements in music over the year. The date of the GRAMMYs changes every year, but it usually falls in springtime. The 2023 event is in early February, but the first-ever ceremony took place in May.

There are a whopping 91 categories in the GRAMMYs, giving bettors a great deal of food for thought. Some of the most popular betting markets for the event include Record of the Year, Album of the Year, and Song of the Year.

The Emmy Awards

The Emmys are the annual accolades for the greatest in television throughout the year. They usually take place in September and feature some of the world’s best actors, producers, and writers.

There are 16 categories for bettors to choose from. These include options like Outstanding Drama Series, Outstanding Comedy Series, and Lead Actor in a Drama Series.

The Nobel Prizes

The Nobel Prize is one of the most sought-after honors in the world. It’s awarded to people who have made a significant impact on humanity and have improved society. This can be done through various methods, including breakthroughs in science and knowledge. The five categories include Physics, Chemistry, Physiology or Medicine, Literature, Nobel Peace prize, and Economic Sciences.

The Nobel Prizes are awarded every year, and they always occur on December 10th. This is because it’s the date of Alfred Nobel’s death. And because it’s always the same date, it makes it easy for bettors to prepare for.

The Golden Raspberry Awards

The Golden Raspberry Awards, or Razzies as they're more commonly referred to, aren’t as well known as the major events. However, they do represent an exciting opportunity for bettors. The ceremony has been running for 41 years, and it gives prizes to the worst in film.

Some of the categories at the Razzies include Worst Picture, Worst Actor, and Worst Director. If you want to bet on these markets, you might need to do a vast amount of research first. This is because many of the movies are either less known or have such a bad reputation that few people will willingly want to watch them. 

BAFTA Award

BAFTA stands for British Academy Film and Television Awards and it’s the most prestigious ceremony dedicated to the arts in the UK. They’ve been held for 73 years in London, and they take place at the Royal Albert Hall.

There are many different categories at the BAFTAs as they cover both film and television. Some of the most popular markets for bettors include Best Film, Rising Star Award, and Best Short Film.

The Golden Globes

The Golden Globes is another well-known award ceremony in the USA and around the world. It covers film and television and has been running for 78 years. It usually takes place in January and kickstarts the awards season.

There are 25 categories at the Golden Globes, with 14 of these in film and 11 in television. Some of the most common markets include Best Drama Motion Picture, Best Original Song, and Best Foreign Language Film. They're often a good indicator of who might go on to win the Oscars too.

Time Person of the Year

Time Magazine has been awarding a special prize to its person of the year for 96 years. It can be based on several factors and could be given to anyone in any field. This makes it a minefield for bettors, but it also means that you can find some good value odds. The Person of the Year is usually announced in December.

Other Awards

Although these are all the main categories that you can stake on, you should keep an eye out for other options. There are different minor events around the world, many of which aren’t as famous as the ones listed above. Some sportsbooks will offer odds on these markets as well, so always be on the lookout for new markets to place your bets on. 

Why Bet on Awards and Prizes?

You may be wondering why people like to bet on awards and prizes. There are numerous reasons, which we’ll describe in more detail below. For many, awards betting offers a completely different experience from the experience of sports betting.

Earn Money From Favorites

The act of betting on an award ceremony can give you some extra enjoyment when you watch the event play out. You may have a favorite film or actor that you want to see win. If you can earn money from that, it makes it even sweeter when they do. You can also get a good idea of who the favorites are before the event takes place, making it easier to predict winners.

Simplicity - Beginners and Housewives Can Bet

One of the most obvious benefits of awards betting is the simplicity of it all. Beginners and housewives can easily navigate the options, as it usually just comes down to picking a winner. If you know who you want to wager on, all you have to do is click on them. Then, select how much you want to bet.

Adrenaline

There’s no denying that placing a bet on an event can add to the adrenaline levels when you watch it unfold. The unpredictability of award ceremonies is thrilling on its own. But, with the added element of a wager, it can be even more exciting. By wagering, rooting for your favorite actor or musician becomes much more interesting.

Awareness and Outreach

Betting on awards can help you display your in-depth knowledge of popular culture. Just like sports betting, you can do your own due diligence by keeping track of the news and staying up to date with the industry, giving you even more faith in your predictions. When you place a bet on an event and are correct, you can then show off to your friends or colleagues, just like you would when you back the winner of the Super Bowl.

Disadvantages of Betting on Awards and Prizes

It’s important that you are aware that there are a few disadvantages to betting on awards and prizes. Here are some of the downsides:

• Potentially long waits for bets to be calculated
• Not all sportsbooks have all the markets
• Sometimes offers and sportsbook promos can’t be used

Awards Betting Tips & Strategies

If you want to begin betting on awards and prizes, there are a few strategies that you can employ. These may give you a better chance of success, but remember there are no guarantees. In this section, we’ll provide some tips to help you get started.

Narrow Your Choice

The best advice for starting out with awards betting is to make sure you are betting on something you know. If movies are your area of expertise, go for the Oscars over the GRAMMYs. It’s also a wise idea to focus on fewer selections rather than many. If you bet on tons of different markets, it may distract you and could lead to overall poor performance.

Do an Event Analysis

Once you've chosen one area to bet on, be sure to do extensive research on that topic to find the best possible betting line. This can involve looking for value and assessing the different odds available. Just like in sports, you're likely to find more value with early odds.

In fact, betting on any and every event would benefit from you investigating the ins and outs of the topic. These include social media platforms, forums, and more to try to determine who people are going to vote for, or who the frontrunners might be.

Be Prepared for the Unexpected

Sometimes things can happen that are out of your control, and you need to be ready for these circumstances. For instance, an awards ceremony could be canceled or postponed, and that may impact your bet. You should also keep an eye on news stories to see if any unexpected candidates become frontrunners for awards.

Keep an Eye on the Social/Political Agenda

Social and political issues relevant to society can play an important role in the selection of winners of various awards and awards odds. Everyone tries to avoid discrimination and choose winners that fit these criteria. This is something that bettors should be aware of.

Study Past Winners

It’s always wise to have a look back at past events and see who has won previously. Stars often have a streak of luck and can win the same award multiple years in a row. Past winners or regular contenders can also provide clues to who may win next, remember Leonardo DiCaprio and the Revenant in 2016?

Watch the Award Ceremony Online

To ensure that you get the full enjoyment from wagering on awards, you should watch the events play out live. Many of the events will be televised. Otherwise, you’ll be able to see them unfold online. Keep your bet slip handy and check to see if you have made the right predictions.

Bet on Awards and Prizes With Oddspedia

If you want to start betting on awards and prizes, the best place to do so is with Oddspedia. In this section, we’ll give you a rundown of the reasons why we’re the best place to find these special bets.

Get the Best Odds

Our site's unique functionality allows you to compare sportsbook odds and offer you the best betting options. We have over 200 sportsbooks to compare odds. This means that you can always find the best value for money when you wager.

Learn the Full History of the Odds and Their Movement

We allow you to see the full history of odds from the time the markets opened. That gives you a lot of useful information about how they have fluctuated. It can also provide you with the best chance to place your bet if you follow the market carefully. This is a highly useful tool, and bettors should take advantage of it.

Read the Latest News

Our site contains all the latest news from leading news agencies. That means that you no longer need to look for information in different places. We have collected everything you need to be successful with your bets.

Enjoy Free Predictions and Analysis

We have separate betting guides for the different types of special bets. These go into detail about all the features of these types of bets. They also provide tips and strategies that apply specifically to them.

Check out our guides on the next James Bond, Nathan's Hot Dog Eating Contest, Next country to leave the EU, and more.

Check Statistics and Public Opinion

Our site has all the necessary statistics for special bets, and our community of likeminded bettors will help you compare and contrast opinion as to how different awards events might go.

Specifics of Awards Betting in the USA

Awards betting is as popular in the USA as it is in Europe because these events are at the forefront of popular culture. Entertainment is one of the world’s oldest industries, and many people couldn’t live without music, television, and film, and the stars that walk the red carpets. Therefore, it makes sense to show appreciation to the people who make this happen by giving them awards.

Thanks to the internet, people now feel closer to the stars than ever. It also allows them to do a vast amount of research to help make predictions about who might win. People think they can guess the victors and want to profit from their predictions by staking money on them.

In the following FAQ section, you’ll find answers to a range of questions about awards betting.

Awards Betting FAQ