Last Updated Nov 27, 2022, 8:35 PM

2023 OSCARS BETTING ODDS, CATEGORIES & INFORMATION

The 2023 Oscars, or the 95th Academy Award show, is set to take place on March 12, 2023 from the Dolby Theatre in Los Angeles, California.

It's also never too early to plan on betting next year's event, as it's always a good idea to get on this market early for when odds release. Below you will find a list of movies to keep on your radar for the 2023 Oscars.

2023 BEST PICTURE ODDS

  • The Fabelmans +120
  • Babylon +500
  • Everything Everywhere All At Once +600
  • Women Talking +1000
  • Tar +1100
  • She Said +1200
  • The Woman King +1400
  • The Banshees of Inisherin +1600
  • Bardo +1600
  • Empire of Light +1600
  • Amsterdam +1600
  • Poor Things +1600
  • The Son +1800
  • Top Gun: Maverick +2000
  • White Noise +2000
  • Thirteen Lives +2000
  • Nope +2500
  • Don't Worry Darling +2500
  • Triangle of Sadness +2500
  • Elvis +3500
  • Spaceman +5000
  • Avatar: Way of Water +5000
  • Blonde +5000
  • The Eternal Daughter +5000
  • The Whale +5000
  • The Northman +5000
  • Bones and All +5000
  • The Killer +5000
  • Armageddon Time +6500
  • Black Panther: Wakanda Forever +6500
  • The Actor +6500
  • Showing Up +6500
  • Asteroid City +6500
  • I Wanna Dance With Somebody +6500
  • Glass Onion: A Knives Out Mystery +6500
  • The Batman +10000
  • Disappoint Blvd. +10000
  • Spider-Man: Across the Spiderverse +10000
  • Men +10000
  • The Gray Man +10000
  • Lightyear +10000

2023 BEST DIRECTOR ODDS

  • Steven Spielberg (The Fabelmans) -110
  • Sarah Polley (Women Talking) +400
  • Damien Chazelle (Babylon) +550
  • Daniel Kwan/Daniel Scheinert (Everything Everywhere All At Once) +900
  • Maria Schrader (She Said) +1100
  • Baz Luhrmann (Elvis) +1200
  • Todd Field (Tar) +1200
  • Alejandro Inarritu (Bardo) +1400
  • Sam Mendes (Empire of Light) +1400
  • James Cameron (Avatar: Way of Water) +1600
  • Park Chan-wook (Decision to Leave) +1600
  • Florian Zeller (The Son) +1600
  • Martin McDonagh (The Banshees of Inisherin) +1600
  • Gina Prince-Bythewood (The Woman King) +1600
  • Ruben Ostlund (Triangle of Sadness) +2000
  • Darren Aronofsky (The Whale) +2000
  • Noah Baumbach (White Noise) +2500
  • Joseph Kosinski (Top Gun: Maverick) +2500
  • Olivia Wilde (Don't Worry Darling) +2800
  • David Russell (Amsterdam) +3500
  • Andrew Dominik (Blonde) +3500
  • Chinonye Chukwu (Till) +4000
  • Matt Reeves (The Batman) +6500
  • Ryan Coogler (Black Panther: Wakanda Forever) +6500
  • Ron Howard (Thirteen Lives) +6500
  • Jordan Peele (Nope) +6500
  • Cooper Raiff (Cha Cha Real Smooth) +6500
  • James Gray (Armageddon Time) +10000

2023 BEST ACTOR ODDS

  • Brendan Fraser (The Whale) -165
  • Austin Butler (Elvis) +400
  • Hugh Jackman (The Son) +900
  • Colin Farrell (The Banshees of Inisherin) +900
  • Nicolas Cage (Butcher's Crossing) +1500
  • Ryan Gosling (The Gray Man) +1800
  • Adam Driver (White Noise) +1800
  • Viggo Mortensen (Crimes of the Future) +2000
  • Timothee Chalamet (Bones and All) +2000
  • Colman Domingo (The Color Purple) +2000
  • Christian Bale (Amsterdam) +2000
  • Harry Styles (My Policeman) +2000
  • Alexander Skarsgard (The Northman) +2000
  • Bill Nighy (Living +2200
  • Brad Pitt (Babylon) +2200
  • Jesse Plemons (Windfall) +2500
  • Anthony Hopkins (The Son) +2500
  • Willem Defoe (Poor Things) +2800
  • Kelvin Harrison, Jr. (Chevalier) +2800
  • Daniel Kaluuya (Nope) +2800
  • Tom Hanks (Elvis) +5000
  • Michael Fassbender (The Killer) +5000
  • Daniel Craig (Glass Onion: A Knives Out Mystery) +5000
  • Joaquin Phoenix (Disappointment Blvd.) +5000
  • Idris Elba (Three Thousand Years of Longing) +6500

2023 BEST ACTRESS ODDS

  • Cate Blanchett (Tar) +175
  • Margot Robbie (Babylon) +500
  • Viola Davis (The Woman King) +550
  • Olivia Colman (Empire of Light) +600
  • Michelle Yeoh (Everything Everywhere All At Once) +700
  • Michelle Williams (The Fabelmans) +700
  • Ana de Armas (Blonde) +800
  • Danielle Deadwyler (Till) +1000
  • Carey Mulligan (She Said) +1200
  • Naomi Achie (I Wanna Dance With Somebody) +1200
  • Sadie Sink (The Whale) +2000
  • Regina King (Shirley) +2000
  • Laura Dern (The Son) +2000
  • Florence Pugh (Don't Worry Darling) +2000
  • Jennifer Lawrence (Causeway) +2500
  • Frances McDormand (Women Talking) +2500
  • Dakota Johnson (Cha Cha Real Smooth) +3500
  • Zoe Saldana (Avatar: Way of Water) +3500
  • Anne Hathaway (Armageddon Time) +3500
  • Jessica Chastain (The Good Nurse) +3500
  • Emma Thompson (Good Luck to You, Leo Grande) +3500
  • Zoe Kazan (She Said) +4000
  • Emma Stone (Poor Things) +4000
  • Greta Gerwig (White Noise) +4000
  • Tilda Swinton (Three Thousand Years of Longing) +4000
  • Emma Corrin (Lady Chatterley's Lover) +8000

Odds Provided by DraftKings - Subject to Change

BETTING ON THE OSCARS

Best Oscars Betting Sites:

bet365 | BetMGM | Caesars Sportsbook | DraftKings | FanDuel | PointsBet | Best US Sportsbooks

Where to bet on the Oscars:

Colorado | Indiana | Louisiana | Michigan | New Jersey

2022 OSCARS BETTING RESULTS

The 2022 Oscars took place on Sunday, March 27 with a whopping 21 favorites of the 23 taking home hardware, as only two underdogs saw the trophy. Below are the past results and betting information regarding this unique handicapping market.

  • Favorites-Underdogs: 21-2
  • Largest Favorite to Win: Dune - Best Visual Effects (-3500) / Jane Campion - Best Director (-3500)
  • Longest Underdog to Win: The Windshield Wiper - Best Animated Short (+500)
  • Most Awards: Dune (6)
  • Best Picture - CODA (-155)
  • Best Actor - Will Smith - King Richard (-800)
  • Best Actress - Jessica Chastain - The Eyes of Tammy Faye (-140)
  • Best Director - Jane Campion - The Power of the Dog (-3500)
  • Best Supporting Actor - Troy Kotsur - CODA (-800)
  • Best Supporting Actress - Ariana DeBose - West Side Story (-1600)
  • Best Original Screenplay - Belfast (+110)
  • Best Adapted Screenplay - CODA (-250)
  • Best Cinematography - Dune (-500)
  • Best Animated Film - Encanto (-1000)
  • Best International Film - Drive My Car (-2500)
  • Best Documentary - Summer of Soul (-360)
  • Best Film Editing - Dune (-125)
  • Best Production Design - Dune (-300)
  • Best Costume Design - Cruella (-450)
  • Best Makeup & Hairstyle - The Eyes of Tammy Faye (-280)
  • Best Song - No Time to Die (-225)
  • Best Sound - Dune (-1200)
  • Best Score - Dune (-500)
  • Best Visual Effects - Dune (-3500)
  • Best Documentary Short - The Queen of Basketball (-155)
  • Best Animated Short - The Windshield Wiper (+500)
  • Best Live Action Short - The Long Goodbye (-225)

OSCARS BETTING HISTORY

Best Picture Winners

  • 2022 - CODA (-155)
  • 2021 - Nomadland (-670)

Best Actor Winners

  • 2022 - Will Smith - King Richard (-800)
  • 2021 - Anthony Hopkins - The Father (+700)

Best Actress Winners

  • 2022 - Jessica Chastain (-140)
  • 2021 - Frances McDormand - Nomadland (+400)

Best Director Winners

  • 2022 - Jane Campion - The Power of the Dog (-3500)
  • 2021 - Chloe Zhao - Nomadland (-3335)

Best Supporting Actor Winners

  • 2022 - Troy Kotsur - CODA (-800)
  • 2021 - Daniel Kaluuya - Judaas & The Black Messiah (-2500)

Best Supporting Actress Winners

  • 2022 - Ariana DeBose - West Side Story (-1600)
  • 2021 - Youn Yuh-jung - Minari (-500)

Best Original Screenplay Winners

  • 2022 - Belfast (+110)
  • 2021 - Promising Young Woman (-450)

Best Adapted Screenplay Winners

  • 2022 - CODA (-250)
  • 2021 - The Father (+300)

Best Cinematography Winners

  • 2022 - Dune (-500)
  • 2021 - Mank (+350)

Best Animated Film Winners

  • 2022 - Encanto (-1000)
  • 2021 - Soul (-5000)

Best International Film Winners

  • 2022 - Drive My Car (-2500)
  • 2021 - Another Round (-1250)

Best Documentary Winners

  • 2022 - Summer of Soul (-360)
  • 2021 - My Octopus Teacher (-500)

Best Production Design Winners

  • 2022 - Dune (-300)
  • 2021 - Mank (-560)

Best Costume Design Winners

  • 2022 - Cruella (-450)
  • 2021 - Ma Rainey's Black Bottom (-500)

Best Makeup & Hairstyle Winners

  • 2022 - The Eyes of Tammy Faye (-280)
  • 2021 - Ma Rainey's Black Bottom (-670)

Best Film Editing Winners

  • 2022 - Dune (-125)
  • 2021 - Sound of Metal (-118)

Best Sound Winners

  • 2022 - Dune (-1200)
  • 2021 - Sound of Metal (-2500)

Best Score Winners

  • 2022 - Dune (-500)
  • 2021 - Soul (-1667)

Best Song Winners

  • 2022 - No Time to Die (-225)
  • 2021 - Judas and The Black Messiah (+2500)

Best Visual Effects Winners

  • 2022 - Dune (-3500)
  • 2021 - Tenet (-560)

Best Documentary Short Winners

  • 2022 - The Queen of Basketball (-155)
  • 2021 - Colette (+800)

Best Animated Short Winners

  • 2022 - The Windshield Wiper (+500)
  • 2021 - If Anything Happens I Love You (-335)

Best Live Action Short Winners

  • 2022 - The Long Goodbye (-225)
  • 2021 - Two Distant Strangers (-118)

Most Awards Won

  • 2022 - Dune (6)
  • 2021 - Nomadland (3)

Oscars Favorites-Underdogs History

YearFavorites-Underdogs
202221-2
202117-6
Total38-8

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 PictureBest 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

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

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...

BEST PICTURE OSCARS VOTING

The Best Picture category is the only category that uses a different voting system to pick its winner. In 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 vote 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.

IMPORTANT AWARDS TO TRACK

There are various awards surrounding the film industry each year, with some more specific than others. Some of these shows are great pre-cursors to guide bettors into the direction of category winners. 

A great example is in 2021 when Mank won the ASC Award for Best Cinematography. Despite Nomadland being the favorite to win Best Cinematography at the Oscars, it was Mank who won at +350.

  • Golden Globes - International award show for television and film
  • SAG - Actors and actresses
  • Writer's Guild of America Awards - Writers
  • Director's Guild of America Awards - Directors
  • MTV Movie & TV Awards - American television and film
  • Golden Reels - Editing
  • ASC Awards - Cinematography
  • ASCAP Awards - Music in film
  • VES Awards - Visual Effects
  • Costume Designer Guild Awards - Costume Designer
  • Hollywood Makeup/Hairstylist Awards - Makeup & Hairstyle
  • Saturn Awards - Fantasy & Horror 

IMPORTANT FILM FESTIVALS TO TRACK

Film festivals are great sources to see how new releases are perceived by critics. There are five main film festivals, which bettors can utilize to see how the industry reacts to new movies.

  • Cannes Film Festival
  • Berlin International Film Festival
  • Venice Film Festival
  • Toronto International Film Festival
  • Sundance Film Festival

HOW TO HANDICAP 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 the categories in the past.

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)

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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