How to Bet on the Oscars: Oscars Betting Sites, Legal States and Betting Guide 2026
The 98th Academy Awards will be held on Sunday, March 15, 2026, at the Dolby Theatre at Ovation Hollywood. The biggest night in film can also be a massive one for bettors. If you're a huge movie fan and you think you can predict the winners of each award, then read on for the latest Oscars odds, information about where to bet on the Oscars, how to bet on the Oscars, and the best Oscars betting sites.
Oscars Betting sites
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Choosing an Academy Awards betting site
If you're looking for where to bet on the Oscars, then we've got you covered. When it comes to picking the best Oscars betting sites, there are numerous things to take into account. Below, we dive into what we believe are the most important factors.
Oscars betting availability
You can use the DraftKings promo code, FanDuel promo code, BetMGM promo code, Caesars promo code, and bet365 promo code to get the best Oscars odds in the US. However, these sportsbooks are only available in seven states, which means that most bettors won't have the opportunity to place wagers at them.
Oscars betting markets
Variety is key when it comes to Oscars betting, and all of the legal options offer plenty. The four major sportsbooks that offer Oscars odds each offer odds in all 23 categories. They even offer some Oscars prop bets.
The sportsbooks offer odds that are typical for sporting events. For example, "Anora" had Best Picture odds of -200 at FanDuel leading up to the 2025 ceremony. This means you'd have to wager $200 to win $100.
Payout speeds
After you win, you want to make sure you're paid out promptly. The best sportsbooks all have reliable and timely payout options. If one of your predictions is correct, then you'll have no problem cashing out and receiving your winnings shortly thereafter.
User interface
You want to be comfortable with the user interface you're using to place Oscars bets. While many sports fans will be familiar with the interfaces of DraftKings, FanDuel, BetMGM, and bet365, that may not be true if you're new to online betting in general. Thankfully, most app interfaces are super easy to learn, and the search function makes it convenient to find exactly what you're looking for.
Legal states for betting on the Oscars
Most major sportsbooks will let you see Best Picture odds, Best Actor odds, Best Actress odds, and more, no matter what state you're in. However, only seven states currently let you place bets on the Oscars using one of these books.
Legal US sportsbooks
How to watch the Academy Awards 2026
Here's how to watch the 98th Oscars:
- The Oscars will begin at 7 p.m. ET / 4 p.m. PT on March 15, 2026
- The ceremony will air live on ABC
- The event will be live streamed on Hulu
- If you have a cable subscription, you can watch on abc.com or use the ABC app.
Kalshi Oscars odds 2026 🏆
On January 22, the nominations for the 98th Academy Awards were announced. Ryan Coogler's Sinners led the way with a record-breaking 16 nominations, while Paul Thomas Anderson's One Battle After Another followed with 13 nods, including four acting nominations.
The 98th Academy Awards are set for March 15th, with comedian Conan O'Brien returning to host for a second consecutive year. Ahead of Hollywood's biggest night, here's a look at the latest odds from Kalshi for Best Picture, Best Director, and all four acting disciplines.
(Odds updated as of Feb. 3, 2026)
Best Picture odds
After being named Best Picture - Drama at the 2026 Golden Globes, One Battle After Another is the clear favorite to win the Academy Awards' top prize this year.
| Film | Odds | Profit ($10 purchase) |
|---|---|---|
| One Battle After Another | 69% | $3 |
| Sinners | 22% | $33 |
| Hamnet | 7% | $124 |
| Marty Supreme | 2% | $457 |
| Sentimental Value | <1% | $925 |
| Frankenstein | <1% | $925 |
| The Secret Agent | <1% | $925 |
| Bugonia | <1% | $925 |
| Train Dreams | <1% | $925 |
| F1 | <1% | $925 |
Best Director odds
As awards season ticks on, Paul Thomas Anderson is still favored to win his first Academy Award, leading a pack that includes 2021 Best Director winner Chloé Zhao.
| Director | Odds | Profit ($10 purchase) |
|---|---|---|
| Paul Thomas Anderson (One Battle After Another) | 85% | $1 |
| Ryan Coogler (Sinners) | 13% | $62 |
| Chloé Zhao (Hamnet) | 4% | $224 |
| Josh Safdie (Marty Supreme) | <1% | $925 |
| Joachim Trier (Sentimental Value) | <1% | $925 |
Best Actor odds
While Leonardo DiCaprio received immense praise for his performance in One Battle After Another, momentum is in Timothée Chalamet's favor in the Best Actor category, as the 29-year-old chases his first Oscar.
| Actor | Odds | Profit ($10 purchase) |
|---|---|---|
| Timothée Chalamet (Marty Supreme) | 71% | $3 |
| Leonardo DiCaprio (One Battle After Another) | 12% | $68 |
| Michael B. Jordan (Sinners) | 11% | $75 |
| Ethan Hawke (Blue Moon) | 4% | $224 |
| Wagner Moura (The Secret Agent) | 3% | $302 |
Best Actress odds
In the Best Actress category, Jessie Buckley is essentially a lock to take home her first Oscar.
| Actress | Odds | Profit ($10 purchase) |
|---|---|---|
| Jessie Buckley (Hamnet) | 89% | $1 |
| Rose Byrne (If I Had Legs I'd Kick You) | 7% | $134 |
| Emma Stone (Bugonia) | 3% | $302 |
| Renate Reinsve (Sentimental Value) | 2% | $457 |
| Kate Hudson (Song Sung Blue) | 2% | $457 |
Best Supporting Actor odds
The Best Supporting Actor race is the tightest acting category right now. Stellan Skarsgard won the honor at the Golden Globes, but a handful of other performances have picked up trophies this season, which makes this category the most wide open in early February.
| Actor | Odds | Profit ($10 purchase) |
|---|---|---|
| Stellan Skarsgard (Sentimental Value) | 65% | $5 |
| Sean Penn (One Battle After Another) | 19% | $39 |
| Jacob Elordi (Frankenstein) | 7% | $124 |
| Benicio Del Toro (One Battle After Another) | 6% | $124 |
| Delroy Lindo (Sinners) | 4% | $224 |
Best Supporting Actress odds
Could this be the year horror gets some acting recognition? Amy Madigan's terrifying turn in Weapons is getting attention, but right now Teyana Taylor is the favorite for her work in One Battle After Another.
| Actress | Odds | Profit ($10 purchase) |
|---|---|---|
| Teyana Taylor (One Battle After Another) | 72% | $3 |
| Amy Madigan (Weapons) | 19% | $39 |
| Inga Ibsdotter Lilleaas (Sentimental Value) | 7% | $124 |
| Wunmi Mosaku (Sinners) | 4% | $224 |
| Elle Fanning (Sentimental Value) | <1% | $925 |
Types of Oscars bets
The two main types of Oscars bets are picking a winner and prop bets. We dive into both below.
Oscars betting markets
Picking a winner for the Oscars may seem easy, but upsets do happen from time to time. At the 78th Academy Awards "Crash" defeated "Brokeback Mountain" despite the latter winning every precursor and looking like a shoo-in to claim victory.
If you think you have a read on a category as wide-open as Best Live Action Short, or you're convinced that an upset is brewing in Best Actress or Best Actor, then you can place a wager on your preferred pick to win.
Familiarize yourself with all the nominees with our Oscars ballots.
Oscars prop bets
In addition to picking a winner, you can wager on Oscars prop bets. This can include categories such as "Which movie will win the most Oscars", "How many Oscars will ____ win?", and more. These props tend to have better payouts than the bigger Oscars categories, so doing your research could result in big wins.
Academy Awards betting trends
Sometimes the best way to predict the future is to look at the past. Since 2017, seven of the eight Best Picture winners have also won the Producer of the Year Award for Best Theatrical Motion Picture at the PGA Awards, including last year's winner, "Anora."
The DGA Awards have been even more accurate when it comes to predicting the Best Director Oscar. Since 2003, 20 of the 22 directors to win the Directors Guild of America Award for Outstanding Directing – Feature Film award went on to win Best Director. Last year, Sean Baker won both awards for "Anora."
The guild that has proven to be the least predictive is the Screen Actors Guild. Four of the last seven SAG winners for Best Actress lost at the Oscars. SAG most recently honored Lily Gladstone and Demi Moore with Outstanding Performance by a Female Actor in a Leading Role, but both would go on to lose on Oscar night, with Moore falling to Mikey Madison last year.
That said, the last nine Supporting Actor winners have also won the SAG award. For Supporting Actress, 15 of the last 16 winners also won the SAG. And six of the last eight Best Actor winners also won the SAG. The only ones who didn't were Anthony Hopkins in "The Father" and last year's SAG winner, Timothee Chalamet, who lost to Adrien Brody at the Oscars.
Oscars betting strategies
Oscar betting strategies vary from person to person. Since the Oscars are voted on, rather than a sporting event where winners are determined by play on the field, their is bound to be plenty of subjectivity involved in picking winners. Don't let your own subjectivity cloud your judgment when betting. Here are some of our best Oscars betting tips.
Watch the movies
You don't need to watch all the movies to have an idea of what is going to win, but you should have an understanding of what movies are up for Oscars in what categories. However, if you fall in love or end up detesting a certain movie, you may find your feelings getting in the way of a well-researched bet. Just like you shouldn't always bet on your favorite sports team, don't just vote on your favorite movie.
Understand the categories
There was a time when the Oscars awarded both Best Sound Editing and Best Sound Mixing. Those two categories have been combined into one category (Best Sound), but there is still some confusion regarding certain categories. Make sure you understand the difference between best Visual Effects and Production Design before placing a vote on either. The same goes for Best Makeup & Hairstyling and Best Costume Design.
Track during awards season
There are so many awards given out during award season, so it can be difficult to know which movie truly has an advantage. The key is learning which awards are actually important and good predictors of what's to come. For example, since 2004, 19 of the 22 Actors who won the Screen Actors Guild Award for Best Lead Actor went on to win the Oscar for Best Actor. The Directors Guild of America is just as predictive, as 11 of the last 12 to win Best Director at the DGA went on to win Best Director at the Oscars.
Follow the news
Tabloids have their own agendas, but there is a lot to be gained from understanding the news. For example, Emilia Perez led last year's Oscars with 13 nominations, but bad press, especially surrounding lead actress Karla Sofia Gascon, all but tanked the film's chances in most categories. Additionally, Adrien Brody and The Brutalist came under fire for AI usage, but Brody still ultimately won Best Actor.
Oscars FAQ
What are Oscars betting odds?
Oscars betting odds give bettors the opportunity to make predictions for the Oscars. There are normally odds available for all nominees in a category, so you can pick big underdogs if you wish to do so.
How do I bet on the Oscars?
Residents in Arizona, Indiana, Kansas, Louisiana, Massachusetts, Michigan, and New Jersey can wager on the Oscars at legal sportsbooks.
Is it legal to bet on the Oscars?
Yes, it is legal to bet on the Oscars in seven states: Arizona, Indiana, Kansas, Louisiana, Massachusetts, Michigan, and New Jersey.
What types of bets can I place on the Oscars?
You can bet on winners in all 23 categories and make Oscars prop bets. Prop bets include how many Oscars a film will win or whether all five of the major awards will go to first-time winners.
When are Oscars betting lines updated?
Oscars lines are updated after every major award ceremony. They also fluctuate often based on news and more. Be sure to stay on top of everything, and shop around if you live in one of the seven states with Oscars betting at sportsbooks.
What are the most common Oscars betting markets?
The most common Oscars betting markets are Best Picture, Best Actor, Best Actress, and Best Director. That said, most sportsbooks offer betting markets for all 23 Oscar categories.