..

How Do You Read Oscar Odds?

Written by:
Jordan Bach
Published on:
Feb/19/2014
How Do You Read Oscar Odds?

For those new to the gambling realm, you may be asking how Oscar odds are read as they are typically displayed using the American Odds system as opposed to fractions.

In reality, American odds tend to be easier to understand than fractions.  We’re guessing most of our readers were not fans of fractional math in High School, nor were we.

Let’s look at the 2014 Oscar odds being offered up by Bookmaker.eu.

The Best Supporting Actress category offers competitive odds for two of the nominees: Jennifer Lawrence in “American Hustle” and Lupita Nyong’o from “12 Years A Slave”.

Lawrence is listed with +150 odds, Nyong’o had odds of -175. 

The (+) indicates a payout of more than the amount that you risk.  In this case, if you were to bet $10, you would win $14 on Lawrence.  If you were to bet $100, yu would win $140. 

The (-) sign indicates the favorite and there is more of a risk.  In the case of Nyong’o, you would risk $17 to win $10.  If she wins, you get your $17 bet plus $10 so essentially, the $10 is thought of as a profit.

When it comes to the Oscars, a -170 number is actually pretty good compared to some of the categories where a nominee is considered a “lock” with odds like -800 where you would need to bet $80 to win $10.  Ouch!

To maximize one’s reward assuming Nyong’o is to win, you would bet $100 to win just shy of $60.  The risk vs. reward is higher when betting favorites but your odds of winning are much better. 

You can place all your bets online with the use of a credit card here.

- Jordan Bach, Gambling911.com

Entertainment News

Novelty Betting News: Judge Denies Johnny Depp's Bid to Dismiss Amber Heard's $100 Million Countersuit

Plus Walter Hamada, president of DC Comics based film productions for Warner Brothers, testified in a video deposition on Heard’s role and claimed that decision was made early on in the script development to reduce her role, having nothing to do with the legal saga and contrary to her claims.

Better Call Saul Prop Bets Released

Better Call Saul Prop Bets Released

The midseason finale of Better Call Saul (Season 6) aired last night, and now theories are flying ahead of the show's final six episodes, which begin Monday, July 11.

Monkeypox Betting Odds: Mandates, Hollywood Celebrities and Politicians Oh My

It's here!  Monkeypox!!  And there is no escaping it.  As of Monday, it's the hottest story on Drudge and pretty much everywhere else.

Betting Odds: Will Johnny Depp and Lawyer Camille Vasquez Enter Into a Romantic Relationship?

Betting Odds: Will Johnny Depp and Lawyer Camille Vasquez Enter Into a Romantic Relationship?

The body language, the hand holding and that hug. Attorney Camille Vasquez has mostly become an internet and TikTok sensation as a result of her brutal cross-examination of Heard.

No S***: You Can Bet on Who Pooped the Bed - Depp-Heard Betting is Now On

Amber Heard favored as the individual (human) that pooped the bed.  The dog has second shortest odds.

Syndicate