There are five main film festivals, which bettors can utilize to see how the industry reacts to new movies.īetting on the Oscars is no different than a typical sports wager. Hollywood Makeup/Hairstylist Awards - Makeup & Hairstyleįilm festivals are great sources to see how new releases are perceived by critics.Costume Designer Guild Awards - Costume Designer.
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This is repeated until a film goes over the 50% mark. 2 votes, then the counting moves to the most No. If no film has over 50% of the votes after counting all No. 1 vote is under 50%, then the counting goes to the most No. If those votes exceed 50% then the film wins, although this is apparently a very rare circumstance. This system, according to Variety adds up all the No. The system used for the Best Picture category is known as 'preferential voting'. 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. With the Best Picture category, members rank the movies in order of preference.
In all the other categories, members get just one vote. The Best Picture category is the only category that uses a different voting system to pick its winner. Directors nominate and vote for directors, production designers nominate and vote for other production designers, etc. The branches include:Įach branch has at least one category, in which specific branch members nominate and vote on winners. There are specific branches, each branch having at least one category at 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 of Motion Picture Arts and Sciences picks the winners of each category for the Oscars. While betting on the Academy Awards or any award show is only legal in two states, these betting markets could be available any year in states with legal betting moving forward. 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. The most popular categories include Best Picture, Best Lead Actor and Best Lead Actress. Typically, most of the big categories will see odds offered at the Academy Awards. Best Animated Short - If Anything Happens I Love You (-335).Best Documentary Short - Colette (+800).Best Live Action Short - Two Distant Strangers (-118).Best Film Editing - Sound of Metal (-118).Best Makeup & Hairstyle - Ma Rainey's Black Bottom (-670).Best Costume Design - Ma Rainey's Black Bottom (-500).Best Song - Judas & Black Messiah (+2500).Best Documentary - My Octopus Teacher (-500).Best International Film - Another Round (-1250).Best Adapted Screenplay - The Father (+300).Best Original Screenplay - Promising Young Woman (-450).Best Supporting Actress - Youn Yuh-jung - Minari (-500).Best Supporting Actor - Daniel Kaluuya - Judas & Black Messiah (-2500).Best Actress - Frances McDormand - Nomadland (+400).Best Actor - Anthony Hopkins - The Father (+700).Best Director - Chloe Zhao - Nomadland (-3335).Longest Underdog to Win: Judas & Black Messiah - Best Song (+2500).Largest Favorite to Win: Soul - Best Animated Film (-5000).Odds provided by BetMGM - subject to change 2022 Best Picture Odds Odds To Win 2022 Best Picture (3/27/22)