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92nd Oscars betting odds: Win money and view our expert picks

7th February, 10:49

For 92 years, movie fans have enjoyed arguing over the Oscars. With the legalization of sports betting, people now have a new way to add some thrills to the award show.

Legal sportsbooks, such as DraftKings, allow New Jersey residents to put their money where their Oscar picks are.

Last year New Jersey was the first state to allow people to bet real money on the Oscars, according to Johnny Avello, who manages DraftKings race and sports operations. This year Indiana and New Jersey will be the only two states taking Oscar bets.

"I'm ecstatic," Avello said. Avello, who considers himself an entertainment buff, has been doing this for years, "For over 25 years I've been setting odds on Oscars for entertainment purposes only and now the betting public is allowed to put real money on their choices."

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It's very popular, Avello said, with people betting around $1 million in 2019. He is expecting about the same amount of money to be bet this year as well.

But because it is so new, New Jersey and Draftkings are taking "baby steps," he said, allowing users to only bet a maximum of $1,000. For context, people were able to bet hundreds of thousands of dollars on the Super Bowl.

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One new thing Draftkings is offering this year is a new way to bet. Last year, bets were limited simply to who you thought would win what award.

But this year people can bet on things like how many Oscars they think a certain film will win. For example, a user can bet on whether or not they think the movie "1917" will win five or fewer Oscars or six or more.

Oscars: "Joker", Irishman at 'the beginning of a real Golden Age' for movies filmed in NJ

Here are the odds and expert picks from our staff writer Alex Biese for all the categories on which you can bet:

The higher the positive odds, the less likely that selection is to win, and the more it will pay out. The lower the negative odds, the more likely that selection is to win, and will pay out less.

Expert pick: "Once Upon a Time in Hollywood" +800: "It's a movie about the movies, particularly the history-changing power of old school movie stars. A Quentin Tarantino film has never won Best Picture before, and he's never made a more Oscar-friendly film than this one."

Expert pick: Joaquin Phoenix ("Joker") -5000: "It's a very showy performance in the year's most talked-about film. Plus, Phoenix has never won before, despite three nominations going back nearly 20 years."

Expert pick: Renée Zellweger ("Judy") -3335: "This isn't a sure thing, but the Academy likes Zellweger and loves celebrity biopics. She's already won the Golden Globe, the BAFTA and the Screen Actors Guild Award, so she has a lot of momentum."

Expert pick: Bong Joo Ho ("Parasite") +450: "'Parasite' turned out to be an awards season darling with both critics and audiences, and Alfonoso Cuaron's Best Director win for 'Roma' last year showed that the Academy is comfortable honoring foreign films in this category, if not in Best Picture."

Expert pick: Brad Pitt ("Once Upon a Time in Hollywood") -3335: "Brad Pitt's the only actor in this category who hasn't won Oscar gold before. After Golden Globe, BAFTA and Screen Actors Guild Award wins, I don't see anyone standing in his way except Joe Pesci, simply because everyone loves a comeback story."

Expert pick: Laura Dern ("Marriage Story") -3335: "Laura Dern is Hollywood royalty who has been turning in consistently great performances for decades and her career is hotter than ever now. She has a lot of momentum this season, and I'm confident that this is her time."