How to Bet on the Oscars: Best Oscars Betting Sites and Legal Betting Guide 2025

Top Oscars betting sites

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How to bet on the Oscars in Canada

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Covers Expert Analysis

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Christian Stringer, Sports Betting Editor

Covers BetSmart Rating: ⭐ 4.8/5

Bonuses and promotions	⭐ 4.7/5
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Security and trust	⭐ 4.9/5
Customer support	⭐ 4.8/5
User experience	⭐ 4.8/5
Betting odds	⭐ 4.8/5

User reviews

Editor's Note: User reviews may be edited for clarity.

“bet365 is great for sports betting. The early cash-out options on different bet types are awesome, but the thing I'm really pumped about is the withdrawals. I got my withdrawal within an hour, while every other bookie makes you wait two to three days. bet365 is on top of their game — 5 out of 5.”

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⏩ bet365 bonus code	COVERS365
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🕒 Payout speed	Within 24 hours
App Store rating	4.7/5 ⭐ (114.7K reviews)
Google Play rating	4.4/5 ⭐ (17.8K reviews)
🌎 Available provinces/territories	AB, BC, MB, NB, NL, NT, NS, NU, ON, PE, QC, SK, YT
✅ Last verified	Feb. 28, 2025

What we like

Live Oscars action: Bet365’s ‘Live’ section lets Canadian users wager on the 2025 Academy Awards in real-time. However, streaming might not extend to the ceremony, keeping you engaged as the winners unfold. 

Smooth navigation: With a clean, user-friendly layout on desktop and mobile, bet365 makes it effortless to browse Oscars markets — like Best Picture odds — while exploring other betting options, perfect for novices and pros alike. 

Top-tier odds: Bet365 consistently delivers above-average pricing on Oscars bets, often outshining competitors, making it a go-to spot for Canadians chasing the best value on award night predictions.

What we don't like

No rewards spotlight: Unlike rivals like Caesars and BetMGM, bet365 doesn’t offer a loyalty program, leaving Canadian Oscars bettors without extra perks for their dedication.  

Restricted stage: While legal betting grows, bet365’s limited expansion across regions — focused more on sports than events like the Oscars — means fewer Canadians can fully access this acclaimed platform.

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Learn more in our comprehensive bet365 review.

Oscars betting odds 2025

Check out our 2025 Oscars betting odds & predictions page to dive into every category and the corresponding probabilities. 

Odds to win Best Picture

For a comprehensive look at the biggest award, consult our Oscars Best Picture predictions.

Note: Odds displayed are accurate at time of publish.

Film
Anora	-200	-200
Conclave	+225	+200
The Brutalist	+600	+650
A Complete Unknown	+4000	+5000
Wicked	+5000	+6600
Emilia Perez	+6500	+6600
I'm Still Here	+8000	+10000
The Substance	+10000	+10000
Nickel Boys	+10000	+10000
Dune: Part Two	+10000	+10000

Desktop image of the Kalshi Oscars market

Choosing an Academy Awards betting site

When selecting an Oscars betting site, you should consider several key factors to give yourself a good experience: 

Legal Regulations: Traditional betting on the Oscars is only available in select states, as some have laws prohibiting betting on award shows. However, platforms like Kalshi are available because they do not provide a strict betting system.

User Interface: Betting on a site with an intuitive design and UI is easier and more enjoyable. You should look for a sportsbook that provides efficient access to its Oscars betting markets, a streamlined bet slip, and is easy to navigate.

Payout Speed: Bettors value being able to cash out their winnings easily, so fast withdrawals are always a major selling point. Some sportsbooks process and release withdrawals within hours, while others can take days.

Available Markets: There will not be Oscars betting for all awards on every site. Some betting platforms may cover all the award categories, while others may have odds for the major categories (Best Picture, Best Director, Best Actress, Best Actor, etc.)

Odds and Line Shopping: You should always shop around Oscars betting sites. By comparing sportsbooks, you can see which ones have the best odds for separate awards. The markets with the best value provide a better return when you make a bet.

How to sign up with Oscars betting sites

Choosing an Oscars betting site and placing bets on this year’s Academy Awards is straightforward. Follow the steps below to start betting:

Legal states for betting on the Oscars

Academy Award enthusiasts can rejoice knowing Kalshi is available for Oscar betting in all 50 states below. On the other hand, DraftKings is far more limited, accepting wagers in just seven states — Arizona, Indiana, Kansas, Louisiana, Michigan, Massachusetts, and New Jersey.

bet365 is available for 2025 Oscar betting everywhere in Canada. 

Types of Oscars bets

Oscars betting sites offer dynamic markets beyond simple predictions like Best Picture. Leading sportsbooks make betting on the Academy Awards more dynamic, including different types of markets and wagers. Below are the most common Oscars bet types. 

Oscar betting markets

The core offering is outright winner markets, where you will choose who will win a specific award category. The most common markets are:

• Best Picture: The most prestigious award at the Oscars, the Best Picture is the most popular betting market, and odds can change based on previous awards (like the BAFTAs or Golden Globes), general industry buzz, and critic reviews.
• Best Actor & Best Actress: An award for the outstanding performer in a leading role. Once again, previous awards show wins or any news leading up to the Oscars can change odds prices.
• Best Director: This is the Academy Award for the year’s best filmmaker. Previous awards shows can strongly predict this category’s outcome, especially the Directors Guild of America (DGA) Awards.

Other Major Categories

• Best Supporting Actor & Best Supporting Actress: These are awards for standout performances in a supporting role.
• Best Original & Adapted Screenplay: This award recognizes excellence in writing, either for an original script or an adaptation of existing work, such as a book.

Some Oscars betting sites go even further with technical markets such as cinematography or film editing. 

Oscars Prop Bets

If you want more dynamic options than the outright winner, some sportsbooks have Oscars prop bets:

• Over/Under on winners’ speech length: Wager on how long someone will take with their speech by choosing over/under a specific time limit.
• Will a particular movie win multiple awards? This option lets you bet on how many Oscars a movie will walk away with. 

How to watch the Academy Awards 2025

There are several options for watching the 2025 Oscars, including on cable television and several live streaming services. Check out the full list below:

• ABC Broadcast: Tune in to your local ABC channel via cable, satellite, or over-the-air antenna.
  
  
• ABC App/Website: Stream live on abc.com or the ABC app by logging in with a participating TV provider.
  
  
• Hulu: Watch the ceremony live on Hulu, a first for the Oscars, with a standard subscription (available to replay the next day as well).
  
  
• Hulu + Live TV: Access the live broadcast through Hulu’s live TV tier.
  
  
• YouTube TV: Stream the event live with a YouTube TV subscription.
  
  
• AT&T TV: Watch live via AT&T TV’s streaming service.
  
  
• FuboTV: Catch the broadcast live on FuboTV, which often offers free trials for new users.
  
  

Academy Awards betting trends

Knowing how to bet on the Oscars is more than randomly guessing a winner. You can use strategy to try to predict the best outcome. Consider analyzing trends, odds fluctuations, and previous awards. Historical patterns can provide an idea of what could happen on the night. 

📈 Best Picture Betting Trends

Industry momentum is the best indicator of which film will win the Best Picture award, even if upsets do sometimes occur:

Favorites vs. Underdogs: In most years, the heavy favorite for the award wins, but sometimes there is an upset, or a movie gathers momentum during awards season. For example, Parasite (2020) had longer odds early on but gained momentum before shockingly beating 1917, The Irishman, Marriage Story, and Once Upon a Time… in Hollywood. 

Genre Bias: The Academy likes socially relevant films or historical dramas, especially in favor of blockbusters or comedies. 

Early vs. Late Momentum: Some films remain favorites through the awards season (The Shape of Water, Nomadland), while others are popular (CODA over The Power of the Dog in 2022).

📊 Oscars odds movement

Oscars odds prices fluctuate as the season progresses, so choosing the right time to place your bet is important.

Early Betting Lines: Oscars betting markets open months before the ceremony, and early festival favorites can run out of steam. An example is frontrunner The Fablemans in 2023.

Late Surges: Films gaining momentum from SAG or BAFTA wins can see drastic odds shifts.

Negative Press: Controversies can cause sudden declines in odds but may not impact the overall result (e.g., Green Book faced backlash but still won in 2019).

😲 Notable Oscar upsets 

To give you an idea of how shocks can happen compared to odds at the Oscars, below are some historic upsets from recent years:

2017 Best Picture – Moonlight (+600) overcame La La Land after a live announcement error.

2006 Best Picture – Crash (+400) upset heavy favorite Brokeback Mountain.

2022 Best Actress – Jessica Chastain (+400) was seen as a surprise when she won over Nicole Kidman (-150) for her performance in The Eyes of Tammy Faye.

🏆 Impact of other awards on Oscars odds

Undoubtedly, awards shows leading up to the Oscars can impact the results. You can use awards trends if you are betting strategically. However, remember that there is no guarantee that a winner of one award will also take the Oscar.

Golden Globes: Often influence early betting markets but are unreliable predictors.

Screen Actors Guild (SAG) Awards: A strong connection for acting category winners.

Directors Guild (DGA) Awards: A near-lock predictor for Best Director.

BAFTAs & Critics’ Choice: A late impactor of odds, especially for acting awards.

Oscars betting strategies

We suggest that you avoid random wagers on Oscars betting sites. Instead, try to use a strategy by monitoring trends to become familiar with the nominees. While there are no guarantees of success, knowledge can help you to make wise betting decisions. 

📝 Understand the categories

Oscar award categories cover a range across performance and technical filmmaking so that the individual award can change in predictability. If you understand the award, you can better choose your wagers. For example, if there is a clear favorite for Best Picture, it does not mean the movie will also automatically win Best Director, although it is a strong indicator. 

Blockbusters are almost always ignored entirely for performative awards, so a Marvel movie is unlikely to win Best Picture. However, blockbusters typically win technical awards, such as Best Editing, Best Sound, Best Cinematography, and Best Special Effects. 

🎬 Watch the movies

Undoubtedly, the Academy favors certain types of movies, such as historical films or those with a strong moral story. Movies with a social impact often do well at the Oscars. In acting, emotionally powerful performances usually get the vote over flashy performances. Watching the nominated movies can help you understand how each will resonate with the Academy voters. 

🏆 Track precursor awards

As mentioned, following the major film awards in the months leading to the Oscars can give you a picture of which films are likely to do well:

●    Best Picture: PGA Awards and BAFTA are strong indicators.
●    Best Actor/Actress: SAG Award winners often take home the Oscar.
●    Best Director: DGA Award winners almost always win the Oscar (there are exceptions, such as Argo in 2013).

If a category has winners split across precursor award ceremonies, this indicates an open race. That can be ideal for bettors, as the odds may be open and have value. 

🗣️ Pay attention to industry buzz and late surges

Predicting the Oscars can be tricky. Some films are immediate front-runners for months and go on to win awards. Some lead the race but fall away, while others start slow but surge leading up to the ceremony. Below are some examples of changing trends during the awards season:

• CODA (2022) was not the early Best Picture favorite but won several important precursor awards.
• Surprise nominations can indicate that the industry supports the nominee (for example, Olivia Colman winning Best Actress in The Favourite in 2019).

By tracking momentum, you can gain an overview of the market conditions and determine which films are worth betting on.