Awards Betting Betting Online 2022/2023

Award show betting is one of the most popular ways to wager online. The entertainment industry has a plethora of award show entertainment broadcasting or streaming nearly every month. Hollywood is amped to celebrate award winners from the Oscars and the Grammy award celebrations. Even lesser known but popular programs, such as the Golden Globes and Viewer’s Choice Awards received international attention.

With red carpet-ready celebrities on hand, award shows draw viewer interest and participation in the form of betting on who will win the coveted prizes. Several betting sites are popping up online to cater to consumers who wager on the winners.

Best award betting sitesTips and tricks to bet on awardsWhat awards can you bet on?Best awards to bet onHow to place a bet on awards
Best award betting sites

Best award betting sites

For those who bet online often, awards betting gives consumers a way to enjoy the rich and famous experience from a distance. By wagering on predicted outcomes, award show enthusiasts share the excitement via an online bookie.

Unibet

The best award show betting platforms, like Unibet, offer favorable odds. Participants use the same rules that sportsbooks offer for other types of betting online choices. The main difference between a sports competition and an award show is winners are usually famous actors, actresses, directors, etc. Winners are also chosen by vote rather than besting the competitor. For high-quality online sportsbooks, online opportunities for wagering on award shows is one way to attract new customers.

Like any competition, an award show will have a host of contestants who are nominated. A final winner is chosen from the pool of nominees. Similar to a championship tournament, award show betting focuses on artists, filmmakers, and musicians. Since internationally recognized award shows occur annually, online sportsbooks offer odds on who will win. The best award betting sites maintain information about the awards program to help the bettor make a smart wagering decision. In fact, betting on an awards show may take the same amount of research as wagering on a sports tournament.

Best award betting sites
Tips and tricks to bet on awards

Tips and tricks to bet on awards

Like sports betting, wagering on awards show requires some know how. Here are a few tips to consider when betting online:

Familiarity gives an edge

Wager on a familiar category. At music award programs, the year’s best song will include a list of international favorites. Before wagering, a bettor should make sure that he is aware of the various nominees, popularity of the song, and background of those voting. If a particular singer has been passed over many times, voters may comment to reporters about the candidate deserving an award. Staying abreast of music industry news may provide insight into the outcome of awards in specific categories.

Understand betting limits

A bookie may limit minimum and maximum deposits or withdrawals. It’s important to carefully read the terms and conditions before depositing money into an online betting site’s account. It’s easy to get caught up in the fun and for a person to wager long after he should quit. Stay within budget by stopping at personally pre-set maximum spending levels.

Compare the odds

Odds vary between online betting sites. It’s vital to comparison shop to see which site may offer the most favorable odds. Reputable sites will offer decent odds. However, check out the most popular online betting sites to see which gives the best value. Better odds translate into more money after picking the award winner.

Tips and tricks to bet on awards
What awards can you bet on?

What awards can you bet on?

As far as options for wagering on awards, the list is extensive. From movie, music, and television to humanitarian and sports, categories at yearly awards shows run the gamut. In fact, awards programs have so many categories only the most popular awards are highlighted to viewing audiences. However, sportsbooks stream the events and track the winners. High profile awards ceremonies, like the Academy Awards, distributes coveted the Oscars in many categories. Awards enthusiasts may wager on the following categories:

Outright winner

Best picture is the coveted award that most producers dream of receiving. In fact, even though a select group will practice the acceptance speech, only one winner will give it to a room of Hollywood elite. For bettors, choosing the winner beforehand opens the door to receive a significant amount of winnings, depending on the odds.

Best Actor celebrates the performances for the year. From drama to comedy, high-level acting skills and popularity among the voters is required to walk away with the ultimate prize. Award winners are likely to receive a burst of new opportunities in Hollywood and a significant increase in salary. For those who wager on the correct winner, there is the excitement of being correct and a nice wad actual money to wager again or walk away a winner.

What awards can you bet on?
Best awards to bet on

Best awards to bet on

Album of the Year for the Grammy awards recognizes the artists, songwriters, producers, engineers, and mixers of the chosen winner. Bettors wager on who will win based upon the odds. Likelihood of winning depends on the album’s success, as well popularity with the Academy’s voters, who determines the final winner. Candidates produce a successful song within the eligibility timeframe. The song’s producers must release it commercially. Once released a producer, he may submit the song for Grammy consideration.

The Academy accepts in excess of 20,000 submission yearly. However, there’s a private Grammy committee, which reviews and adjusts the voting, if necessary. The privacy of voting and the private adjustment committee makes guessing who will win difficult. Not even a best-selling album guarantees a win. Bon Jovi has sold 34.5 million albums and more than 10 million singles but only won a single Grammy by 2020. Kenny G has sold 48 million albums and has a single Grammy win. Jay-Z has sold 27.5 million albums and more than 17 million digital singles by 2020. He has won 22 Grammy awards and has 77 nominations.

Best awards to bet on
How to place a bet on awards

How to place a bet on awards

Sportsbooks across the globe offer opportunities to wager on awards. Only specific states in the U.S. permit award show betting, and licensed casinos must obtain a license which pertains specifically to award betting. For example, betting on awards ceremony outcomes is legal in New Jersey. However, several states prohibit the practice.

Placing a bet on an award show winner is similar to wagering on sports. Simply locate the awards’ betting category in the casino’s sportsbook section. Pick the probable winner in the category of choice. Choose the amount to wager, based upon the available funds in the sportsbook account. Betting on sports is different from award show betting in that gambler’s wager on a sports competitor’s historical performance and the likelihood that he or she will perform in a similar fashion. Award show winners are determined by vote, for which the outcome is nearly impossible to determine.

However, industry insiders and those who watch the awards landscape closely may notice telltale signs, which are hidden from most. Leaks also occur and there are often newspaper articles predicting who are the likely award winners. In the end, a gambler must rely on his gut and the odds, which are correct only half the time.

Awards betting odds

If a gambler relies on betting odds, he must wager knowing that he’ll likely only win 50 percent of the time. Like sports betting, odds vary when wagering on award ceremony outcomes. A gambler may place a straight up bet on his pick to win the award. The sportsbook will offer longshot odds and low payout when a film, song, or performer is likely to win. There are also prop-betting options. Variations for betting may include who will walk with whom on the red carpet or which artist may experience an embarrassing moment.

How to place a bet on awards