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The vast majority of the states that have legalized sports betting since the Supreme Court struck out the federal ban in 2018 have largely followed Nevada’s lead in its regulation of gambling activity. Gaming regulators that govern Las Vegas’ gaming industry have long refused to allow oddsmakers to engage in novelty betting or non-sports.<\/p>\n<\/div>\n
New Jersey became the first to permit its licensed sportsbooks to take Oscars action in 2019. Indiana joined last year, and Michigan in 2021.<\/p>\n
2021 Oscars Odds<\/b><\/h2>\n Sportsbook operators in the three states that are permitting lines on the Academy Awards are doing so with conditions.<\/p>\n
For example, DraftKings — which is live in New Jersey, Michigan, and Indiana — is limiting bets on each of the 23 Oscars categories to a maximum win of $1,000.<\/p>\n
For Nomadland, <\/em>which is -670, bettors can risk up to $6,700. At -670, a $6,700 bet is needed to win $1,000.<\/strong><\/p>\nConversely, The Father<\/em>, which has the longest Best Picture odds of the 10 films nominated, is at +10000. At those odds, a bettor can only risk up to $10. If The Father<\/em>\u00a0wins, the $10 bet would net $1,000.<\/p>\nNomadland<\/em>\u00a0has swept the early awards season so far, winning top honors at the Producers Guild of America, Directors Guild of America, Golden Globes, and BAFTAs.<\/p>\n\n‘Nomadland’ has won nearly every major award this season. By all accounts, this Frances McDormand road drama should be able to steamroll its way to the Oscars for best picture,”<\/strong> said Kyle Buchanan, pop culture reporter at The New York Times<\/i>.<\/p>\n<\/blockquote>\n But a word of caution to those considering wagering $6,700 to win $1,000: 1917<\/em> and La La Land<\/em>\u00a0also both won the early best film<\/a> awards but didn’t take home the Oscar.<\/p>\nNotable Categories<\/b><\/h2>\n The late Chadwick Boseman is the heavy Best Actor favorite for his role in Ma Rainey’s Black Bottom<\/em>. Boseman died last August at the age of 43 from colon cancer, a diagnosis he largely kept from the public. Boseman is at -1667 to win Best Actor posthumously, which implies a chance of almost 95 percent.<\/p>\nThe Best Actress category is closer, at least according to the odds. Carey Mulligan for Promising Young Woman<\/em>\u00a0is the betting favorite at +125 — an implied chance of 44.4 percent.<\/strong><\/p>\nChloe Zhao is seemingly a sure thing for Best Director. The Nomadland<\/em>\u00a0director is at -3335 — implied odds of 97 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"Nomadland tells the story of a widow in Nevada who looks for new work after the gypsum planet in Empire, Nevada where she was employed closes. She decides to become “houseless” and travel the country. While Nomadland\u00a0is the odds-on favorite to win Best Picture at this Sunday’s 93rd Academy Awards, movie fanatics in Nevada wishing […]<\/p>\n","protected":false},"author":25,"featured_media":171650,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3313,19853],"tags":[],"acf":[],"yoast_head":"\n
'Nomadland' Favorite for Academy Award Best Picture<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n