Oscars Betting Odds | Academy Awards Preview

We take a look at the Oscar contenders betting odds for the main categories of best picture, best actor, best actress, and best director. All the best betting sites will have Oscar Betting markets for the next Academy Awards. The Oscars will be held in March.
Oscars Betting Odds | Academy Awards Preview
Jake Ashton
Jake Ashton Senior News Editor

Jake is a Football and Entertainment betting expert, with a Man City season ticket and a deep knowledge of reality TV betting angles

Betting on the Oscars

  • Did you know it was possible to make a bet on the leading Oscar categories? 
  • The best betting sites offer odds on which actor, actress, director and film will win an Oscar. 
  • So let's take a look at the type of bets you are likely to find when considering an Oscar bet.

Oscars

The most popular betting market available for this would be to predict the winner of the Best Film, and then Best Director, Best Actor, Best Actress, Best Supporting Actor, and Best Supporting Actress.

There may be some more diverse and strange Oscar betting markets available from time to time. 

Bookmakers have previously created proposition markets, these are odds which relate to a category but are not directly associated with an individual outcome: 

  • "Will the Steven Spielberg movie win more than three Oscars"
  • "Will a male or female win Best Director"
  • "Will the host swear on stage"
  • "Will someone replicate Will Smith and punch a presenter"

We will add the Oscar Proposition Bets for the next Academy Awards as soon as they are available. 

Free Bets Page
Head over to the free bets page where you can see the list of welcome offers currently available from all UK betting sites.

Free Bets Page

Betting sites can be quite creative when coming up with markets for these betting specials and may even open a market if they have enough requests from customers for a market they hadn't already considered.

Both the leading bookmakers and betting exchanges have Oscar odds, prices vary between different firms as do who they have as the favourites.  

It is advisable that you shop around amongst the best betting sites when you are ready to place a bet on the contender you favour. 

How to Bet on the Oscars

There is nothing complicated about betting on the Oscars it is a betting market like a list of horses for the Grand National, or players in the US Masters. 

You simply need to go to your favourite betting app and head to the TV & Specials section in the menu, select Oscars Betting or Academy Awards Betting

If you do not have an active online betting account, then head over to our betting sites section where you will see a list of bookmakers available in the UK.

We have in-depth reviews so you can see what other users think of them before deciding 

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Select A Bookmaker to bet on The Oscars

  • If you don't have a currently active online betting app on your phone, take a look at the list of available bookmakers. Betway, Paddy Power, Betfair and Smarkets all have Oscars betting available.
  • Once at the bookmakers, you will see the option to look at the list of categories being offered as options to bet on.
  • All you need do is click on your selection.
  • This will open up the bet slip, at which point you will see confirmation of the betting odds being offered
  • Now you choose your stake - most betting sites will show you how much you can expect to have returned if your prediction is correct.
  • If you are happy, simply hit, PLACE BET, to confirm your selection, stake, and bet.
  • You will be given a receipt for your bet and it will appear in your open bets in your account details.
  • Then it's just a matter of waiting to see which films, actors and actresses win in 2023.

Best Picture

Here are the previous winners of the Best Picture category

Year of Film ReleaseFilmProducer(s)
2024 (97th)????
2023 (96th)OppenheimerEmma Thomas, Charles Roven, and Christopher Nolan
2022 (95th)Everything Everywhere All at OnceDaniel Kwan, Daniel Scheinert, and Jonathan Wang
2021 (94th)CODAPhilippe Rousselet, Fabrice Gianfermi, and Patrick Wachsberger
2020 (93rd)NomadlandFrances McDormand, Peter Spears, Mollye Asher, Dan Janvey, and Chloé Zhao
2019 (92nd)ParasiteKwak Sin-ae and Bong Joon-ho
2018 (91st)Green BookJim Burke, Charles B. Wessler, Brian Currie, Peter Farrelly, and Nick Vallelonga
2017 (90th)The Shape of WaterGuillermo del Toro and J. Miles Dale
2016 (89th)MoonlightAdele Romanski, Dede Gardner, and Jeremy Kleiner
2015 (88th)SpotlightBlye Pagon Faust, Steve Golin, Nicole Rocklin, and Michael Sugar

Best Director

Previous best actor winners list

YearDirector(s)Film
2024 (97th)????
2023 (96th)Christopher NolanOppenheimer
2022 (95th)Daniel Kwan and Daniel ScheinertEverything Everywhere All at Once
2021 (94th)Jane CampionThe Power of the Dog
2020/21 [note 3] (93rd)Chloé ZhaoNomadland
2019 (92nd)Bong Joon-hoParasite
2018 (91st)Alfonso CuarónRoma
2017 (90th)Guillermo del ToroThe Shape of Water
2016 (89th)Damien ChazelleLa La Land
2015 (88th)Alejandro González IñárrituThe Revenant
Best Director Oscar
John Ford has won the most Best Director Oscars with four,( The Informer 1935, The Grapes Of Wrath 1940, How Green Was My Valley 1941, and The Quiet Man 1952).

Best Actor

YearActorRole(s)Film
2024 (97th)
2023 (96th)Cillian Murphy ‡J. Robert OppenheimerOppenheimer
2022 (95th)Brendan Fraser ‡CharlieThe Whale
2021 (94th)Will SmithRichard WilliamsKing Richard
2020/21 [103] (93rd)Anthony HopkinsAnthonyThe Father
2019 (92nd)Joaquin PhoenixArthur Fleck / JokerJoker
2018 (91st)Rami MalekFreddie MercuryBohemian Rhapsody
2017 (90th)Gary OldmanWinston ChurchillDarkest Hour
2016 (89th)Casey AffleckLee ChandlerManchester by the Sea
2015 (88th)Leonardo DiCaprioHugh GlassThe Revenant
Best Actor Wins and Nominations
Spencer Tracy and Laurence Oliver have received the most Oscar nominations for Best Actor (9). Daniel Day-Lewis has won the most Best Actor Oscars (3).

Best Actress Oscar

YearActressRole(s)Film
2024 (97th)
2023 (96th)Emma Stone Bella BaxterPoor Things
2022 (95th)Michelle Yeoh Evelyn Quan WangEverything Everywhere All at Once
2021 (94th)Jessica ChastainTammy Faye BakkerThe Eyes of Tammy Faye
2020/21 (93rd)Frances McDormandFernNomadland
2019 (92nd)Renée ZellwegerJudy GarlandJudy
2018 (91st)Olivia ColmanQueen AnneThe Favourite
2017 (90th)Frances McDormandMildred HayesThree Billboards Outside Ebbing, Missouri
2016 (89th)Emma StoneMia DolanLa La Land
2015 (88th)Brie LarsonJoy "Ma" NewsomeRoom
Best Actress
Katherine Hepburn with 4 wins is the leading actress in this category. Morning Glory 1934, Guess Whose Coming To Dinner 1968, The Lion In Winter 1969, On Golden Pond 1982. Meryl Streep has the most nominations with 17 but only two wins. Sophies Choice 1982, The Iron Lady 2011.

Best Supporting Actor Oscar


YearActorRole(s)Film
2024 (97th)
2023 (96th)Robert Downey Jr. Lewis StraussOppenheimer
2022 (95th)Ke Huy Quan Waymond WangEverything Everywhere All at Once
2021 (94th)Troy KotsurFrank RossiCODA
2020–21 (93rd)Daniel KaluuyaFred HamptonJudas and the Black Messiah
2019 (92nd)Brad PittCliff BoothOnce Upon a Time in Hollywood
2018 (91st)Mahershala AliDon ShirleyGreen Book
2017 (90th)Sam RockwellOfficer Jason DixonThree Billboards Outside Ebbing, Missouri
2016 (89th)Mahershala AliJuanMoonlight
2015 (88th)Mark RylanceRudolf AbelBridge of Spies
The record for best-supporting actor wins is held by Walter Brennan, he won the Oscar in this category on three occasions. (1936, 1938, 1940).
Nigel Skinner - OLBG Editor

Best Supporting Actress Oscar

YearActressRole(s)Film
2024 (97th)
2023 (96th)Da'Vine Joy Randolph ‡Mary LambThe Holdovers
2022 (95th)Jamie Lee Curtis Deirdre BeaubeirdreEverything Everywhere All at Once
2021 (94th)Ariana DeBoseAnitaWest Side Story
2020 (93rd)Youn Yuh-jungSoon-jaMinari
2019 (92nd)Laura DernNora FanshawMarriage Story
2018 (91st)Regina KingSharon RiversIf Beale Street Could Talk
2017 (90th)Allison JanneyLaVona GoldenI, Tonya
2016 (89th)Viola DavisRose Lee MaxsonFences
2015 (88th)Alicia VikanderGerda WegenerThe Danish Girl

Academy Award Categories

Year introducedCategoryBetting
1927/28Best PictureYes
1927/28Best DirectorYes
1927/28Best ActorYes
1927/28Best ActressYes
1927/28Best CinematographySometimes
1927/28Best Production DesignSometimes
1927/28Best Adapted ScreenplaySometimes
1929/30Best SoundRarely
1930Best Animated Short FilmRarely
1931/32Best Live Action Short FilmRarely

Award Winning Controversy

Although most awards wins are jusified, not every Oscar win is met with universal acclaim. Over the years, some victories have sparked heated debates as critics and fans argue that more deserving films have been overlooked in their bid for glory. Whether due to aggressive campaigning, industry politics, or the Academy’s preference for traditional storytelling, these controversial wins continue to be discussed long after the ceremonies end.

Shakespeare in Love (1999) – Best Picture Over Saving Private Ryan

Steven Spielberg’s Saving Private Ryan was a harrowing and masterfully directed war epic and was widely expected to win Best Picture in 1999. Its opening D-Day sequence remains one of the most intense scenes in cinema history. However, this Spielberg film would lose this particular war as the award went to Shakespeare in Love.

While the reason for this upset was due to a certain Harvery Weinstein. The Miramax co-founder led an aggressive Oscar campaign, revolutionising how awards lobbying was done. Weinstein targeted Academy voters relentlessly, positioning Shakespeare in Love as a fresh, intelligent take on history, while criticising Saving Private Ryan for supposedly peaking in its first 30 minutes - a tactic that would prove to be fruitful at that year's Oscars.

Crash (2006) – Best Picture Over Brokeback Mountain

Ang Lee’s Brokeback Mountain was more than just a frontrunner in 2006, it was considered to be a landmark moment in cinema. One that told a powerful love story between two men against the backdrop of American conservatism and once released, many critics and audiences expected it to win the Academy's biggest prize.

But in a shocking twist, the Best Picture award went to Crash, an ensemble drama about racial tensions in Los Angeles. While Crash tackled important themes, its win was met with immediate backlash. Critics accused the Academy of playing it safe by avoiding honouring a film with an LGBTQ+ romance at its core. While even that year's Oscar host Jon Stewart joked about the upset, In addition and in later years, the film’s director Paul Haggis admitted Crash did not deserve the win.

How Green Was My Valley (1942) – Best Picture Over Citizen Kane

If there’s one Oscar decision that film historians still debate, it’s this one. Citizen Kane, Orson Welles’ groundbreaking film, is often hailed as the greatest movie ever made. It introduced revolutionary storytelling techniques, cinematography, and deep-focus shots that changed cinema forever.

Yet, when it came time to crown Best Picture, the Academy went with How Green Was My Valley, a well-made but conventional drama about a Welsh mining family. Part of the reason was political—Citizen Kane was a thinly veiled critique of media mogul William Randolph Hearst, who used his influence to tarnish the film’s reputation.

Ordinary People (1981) – Best Picture Over Raging Bull

Martin Scorsese’s Raging Bull is widely regarded as one of the greatest films of all time, showcasing Robert De Niro’s transformative performance as boxer Jake LaMotta. Its raw intensity, visual style, and emotional depth made it a critical darling, with many assuming it would take home Best Picture.

Instead, the award went to Ordinary People, Robert Redford’s directorial debut. A touching but conventional family drama, it resonated deeply with Academy voters, who favoured its emotional weight over Raging Bull’s brutal storytelling.

The King’s Speech (2011) – Best Picture Over The Social Network

The Social Network, directed by David Fincher, was widely seen as the defining film of a generation. Chronicling the rise of Facebook and the complexities of its founder, Mark Zuckerberg, the film was stylish, gripping, and relevant to the digital age - something that resonated with large pockets of the contemporary audience.

However, the Academy instead went with The King’s Speech, a traditional historical drama about King George VI overcoming his stutter. While the 2011 winner was well-crafted and featured an excellent performance from Colin Firth, its win was seen as a sign that the Academy favoured safe, prestige films over modern, innovative storytelling.

The Evolution Of The Oscars

Since the first Academy Awards in 1929, the Oscar for Best Picture has represented the pinnacle of cinematic achievement.

Nearly 100 years on from its first winner, the award remains just as prestigious but the types of films that win have changed dramatically over the decades. From lavish epics to intimate dramas, from studio-driven spectacles to indie breakthroughs, Best Picture winners often reflect the evolving tastes of Hollywood and society.

While we can now explore the trends that have defined Best Picture winners over the years, revealing how the Academy’s choices have evolved with shifting industry landscapes and cultural movements.

1930s–1940s: The Golden Age of Hollywood and Big Studio Epics

In the early years of the Oscars, Best Picture winners were largely shaped by the dominance of the major Hollywood studios. Lavish productions, often adapted from literature or theatre, were the hallmark of this era.

Key Trends:

  • Grand historical and literary adaptations (Gone with the Wind, Rebecca).
  • Patriotic or war-influenced films (Casablanca, Mrs. Miniver).
  • Studio dominance, with MGM, Warner Bros., and Paramount leading the pack.

Defining Winner: Gone with the Wind (1939)

A sweeping historical romance set during the American Civil War, Gone with the Wind showcased the Academy’s love for grand storytelling, elaborate production and star power. It remains one of the most famous Best Picture winners of all time.

1950s: The Age of Prestige and Broadway Adaptations

As Hollywood adjusted to competition from television, studios leaned into prestige filmmaking. In doing so, they often adapted successful Broadway plays and classic literature.

Key Trends:

  • Stage-to-screen adaptations (All About Eve, Gigi).
  • Lavish spectacle films (Ben-Hur, The Bridge on the River Kwai).
  • Star-driven dramas with strong performances (Marty, On the Waterfront).

Defining Winner: Ben-Hur (1959)

With its massive scale, elaborate chariot race and historical grandeur, Ben-Hur set the standard for the kind of epic filmmaking that defined 1950s Oscar winners.

1960s: The Shift to Risk-Taking and Social Commentary

The 1960s saw Hollywood undergo a transformation, embracing more daring storytelling and addressing societal issues. The Best Picture winners of this era reflect a growing willingness to challenge audiences.

Key Trends:

  • Films addressing political and social issues (In the Heat of the Night, Midnight Cowboy).
  • Darker, more complex storytelling (The Apartment, Lawrence of Arabia).
  • The rise of New Hollywood directors influencing the Academy’s tastes.

Defining Winner: Midnight Cowboy (1969)

The first and only X-rated film to win Best Picture, Midnight Cowboy signalled a departure from old Hollywood traditions, embracing a grittier and more experimental approach.

1970s: The Rise of Auteur Filmmaking

This was the decade of New Hollywood, where directors like Francis Ford Coppola and Martin Scorsese redefined cinema. Best Picture winners reflected this shift, embracing realism, moral ambiguity, and bold storytelling.

Key Trends:

  • Auteur-driven masterpieces (The Godfather, One Flew Over the Cuckoo’s Nest).
  • Anti-establishment themes (The Deer Hunter, Rocky).
  • The blending of blockbuster spectacle with artistic ambition (The Godfather Part II).

Defining Winner: The Godfather (1972)

A landmark in film history, The Godfather combined commercial success with artistic excellence, setting a high standard for storytelling and character depth.

1980s: The Return of Traditional Hollywood Filmmaking

After the experimentation of the 1970s, the 1980s saw a shift back toward more mainstream, emotionally resonant films.

Key Trends:

  • Feel-good, crowd-pleasing winners (Rain Man, Chariots of Fire).
  • Prestige biopics (Gandhi, Amadeus).
  • A mix of war films and historical epics (Platoon, The Last Emperor).

Defining Winner: Rain Man (1988)

A heartfelt drama that balanced emotional storytelling with strong performances, Rain Man exemplified the Academy’s preference for human-driven narratives in the 1980s.

1990s: A Mix of Epics, Indie Breakthroughs, and Crowd-Pleasers

The 1990s saw a blend of traditional epics and the rise of independent cinema, as well as a focus on emotional, uplifting storytelling.

Key Trends:

  • The return of grand historical dramas (Schindler’s List, Braveheart).
  • The rise of indie films gaining Oscar recognition (The English Patient, Shakespeare in Love).
  • Blockbusters with emotional weight (Titanic, Forrest Gump).

Defining Winner: Titanic (1997)

A global box office sensation and technical marvel, Titanic won over the Academy with its mix of romance, spectacle, and historical drama.

2000s: Diversity in Genre and Style

The 2000s saw the Academy becoming more open to genre diversity, with fantasy, crime dramas, and musicals winning Best Picture.

Key Trends:

  • Fantasy films breaking through (The Lord of the Rings: The Return of the King).
  • Neo-noir crime dramas (No Country for Old Men, The Departed).
  • Biographical dramas with emotional depth (A Beautiful Mind, Million Dollar Baby).

Defining Winner: The Lord of the Rings: The Return of the King (2003)

The first fantasy film to win Best Picture, this marked a shift toward recognising blockbuster filmmaking with artistic ambition.

2010s–Present: Socially Conscious and Genre-Breaking Winners

The last decade has seen the Academy recognising a more diverse range of films, with a stronger focus on social issues and genre-defying winners.

Key Trends:

  • Socially relevant films gaining recognition (Moonlight, Parasite, Nomadland).
  • Genre films breaking barriers (The Shape of Water, Everything Everywhere All at Once).
  • A move away from traditional Oscar-bait and biopics.

Defining Winner: Parasite (2019)

As the first non-English-language film to win Best Picture, Parasite signalled the Academy’s shift toward global storytelling and greater diversity in its selections.

Contributor Information

This Oscars Betting Odds | Academy Awards Preview article was constructed by our Senior News Editor and Entertainment Specialist Jake Ashton who reports daily for OLBG News on all Entertainment, Reality TV and Award show betting. Jake is often quoted in the national press for his opinion on entertainment betting and manages all of the Entertainment and TV Specials Blogs on OLBG.

Jake Ashton

Jake Ashton

Senior News Editor

Jake is a keen reality TV fan and our expert on Specials betting, encompassing, Reality TV and Award shows among others. If it is a niche market found in the Specials section of a betting site, Jake has seen it and written about it. If he isn't at the Etihad watching Man City that is!
Nigel Skinner

Blog Editor

If you want to know anything about a football club manager then Nigel is your go-to guy. Nigel has written about every manager at every football club in the English football league, Scotland and across Europe in our next manager blogs section and is in touch daily for all football managerial moves, rumours and sackings.

- Nigel Skinner, Blog Content Manager

Dan Tracey

Data Fact Checker

Dan Tracey is our very own Data Fact Checker who enhances our blogs with the latest data that is relevant to the information provided by our editors. Dan is the go-to guy for Data and Facts around a whole host of different topics with his information contributing to a large amount of content provided by OLBG.

- Dan Tracey, Data Scientist and Football Editor

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