Oscar Betting Odds
- Oscars Film Specials betting odds, results and more from William Hill, the online bookmaker. Everything you need to bet on Oscars.
- The Academy Awards are the biggest annual non-sports betting market in the gambling industry and with the nominations for the 2020 Oscars announced, the odds were quick to follow.
The 92nd Academy Awards is almost here, and this year, people in New Jersey and Indiana can bet on it online. Let’s take a look at 2020 Oscars odds, and how you can bet on the Oscars online. How To Bet on the Oscars. The ability to bet on the Academy Awards is a relatively new phenomenon in the US. 2021 Oscars Betting Odds, Categories & Information The 2021 Oscars is set to take place on April 25, 2021 as some sportsbooks are beginning to release early odds. In 2020, only Indiana and New Jersey allowed legal betting on the Academy Awards although there is hope more states legalize the market.
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“Oscar’s Grind” is the nickname given to a betting system popularized by Allan Wilson in the mid-1960s. It is almost exclusively applied to even-money binary propositions, like the flip of a coin or, in the context of sports betting, covering the spread.
It’s like the D’Alembert System, to some extent, but whereas D’Alembert increases bet size after a loss, Oscar’s Grind aims to capitalize on winning streaks by increasing bet size after a win (while waiting out losing streaks).
Below, we explain how Oscar’s Grind operates and why it doesn’t actually work in real life.
How Does Oscar’s Grind Operate?
Oscar’s Grind divides betting into “sessions” and “units.” Every session begins with a one-unit bet and ends when the bettor has achieved a one-unit profit.
For most people, using actual dollar amounts makes it easier to understand.
Pretend that your “unit” is $100. Each of your sessions will start with a $100 bet. It will end only when you have a $100 profit.
For mathematical ease, pretend that there is no juice when betting against the spread (“ATS”), and that winning a $100 ATS bet will result in a $100 profit. (In reality, it results in a $90.91 profit with the standard -110 odds in effect.)
In the event that you win your first bet of $100, you have achieved the sought-after $100 profit and a new session starts.
In the event that you lose your first $100 bet, Oscar’s Grind dictates that you continue to bet $100 (a.k.a. one unit) until you win a wager. When you (eventually) win a wager, the bet size doubles to $200. It remains $200 until either:
Oscar Betting Odds 2021
- You lose again, at which point it increases by another unit (to $300), or
- betting a lesser amount could potentially result in a $100 profit.
Again, using examples will make this easier to understand.
A Good Day at the Office with Oscar’s Grind
| Bet | Stake | Result | Net Profit |
|---|---|---|---|
| 1. Patriots -7.5 vs Jets | $100 | Loss | -$100 |
| 2. Bengals +4.5 vs Steelers | $100 | Loss | -$200 |
| 3. Broncos -2.5 vs Chargers | $100 | Loss | -$300 |
| 4. Seahawks -3.5 vs 49ers | $100 | Win | -$200 |
| 5. Vikings +1.5 vs Packers | $200 | Loss | -$400 |
| 6. Eagles -5.5 vs Giants | $200 | Win | -$200 |
| 7. Panthers -3.5 vs Buccaneers | $300 | Win | +$100 |
As you can see, each time you win, your stake is increasing by $100. In this example, you wound up $100 ahead after seven bets. But it’s not hard to envision how this could go very, very poorly and wipe out your entire bankroll in a matter of 10 or 15 wagers.
A Bad Day at the Office with Oscar’s Grind
| Bet | Stake | Result | Net Profit |
|---|---|---|---|
| 1. Patriots -7.5 vs Jets | $100 | Loss | -$100 |
| 2. Bengals +4.5 vs Steelers | $100 | Loss | -$200 |
| 3. Broncos -2.5 vs Chargers | $100 | Win | -$100 |
| 4. Seahawks -3.5 vs 49ers | $200 | Loss | -$300 |
| 5. Vikings +1.5 vs Packers | $200 | Win | -$100 |
| 6. Eagles -5.5 vs Giants | $300 | Loss | -$400 |
| 7. Panthers -3.5 vs Buccaneers | $300 | Loss | -$700 |
| 8. Jaguars -3.0 vs Titans | $300 | Loss | -$1,000 |
| 9. Dolphins +4.5 vs Ravens | $300 | Win | -$700 |
| 10. Browns-5.5 vs Raiders | $400 | Loss | -$1,100 |
| 11. Lions +3.0 vs Bears | $400 | Loss | -$1,500 |
In the second example, you went 3-8 ATS. A bad week, yes, but common enough if you bet regularly. Following Oscar’s Grind, you’re down $1,500. If you won your next bet, you would be down $1,100 again and your bet size would increase to $500. You would still need to win three straight bets at that point to get back on the positive side and end the session.
If you didn’t win those three bets, you would the be wagering at least $600 going forward. That’s six times as much as you started betting. A six-fold increase is a lot for any bettor.
Successful sports betting, in the long term, requires smart bankroll management and diversifying investments. It doesn’t tend to include wagering exorbitant portions of your bankroll on the next game because some mathematically flawed betting system says so.
Why Doesn’t Oscar’s Grind Work in Real Life?
The Wikipedia entry on Oscar’s Grind puts it as succinctly as I ever could: “[I]f you have an infinite amount to wager and [infinite] time, every session will make a profit. Not meeting these conditions will result in an inevitable loss of your entire stake in the long run.”
Hopefully, that makes it clear why this is not a betting strategy to be blindly followed, but if it doesn’t, we’ll explain further.
Oscar Betting Odds Best Supporting Actor
You could get lucky following Oscar’s Grind for a period of time. If you do it repeatedly, however, your account balance is going to hit zero.
Oscar Betting Odds 2009
You don’t have an infinite amount to wager or an infinite amount of time. .
You could get lucky following Oscar’s Grind for a period of time. If you do it repeatedly, however, your account balance is going to hit zero when you encounter a bad losing streak. In a vacuum, winning one bet does not make it any more likely that you’re going to win your next bet. They are independent events that are not causally connected.
If you would like to learn more about different approaches to wagering that have been developed over the years, head to our betting strategy section.