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How Bettors Faired at the OscarsPublished February 23, 2015 by Sol FH
It wasn't only the celebrities that won at the Oscars. Punters cash in on the Birdman, Eddie Redmayne and Julianne Moore.
It was a star-clad night in Hollywood, as the greatest in the industry came out with their finest threads on. It must have been a tough decision to crown the Best Picture, Best Actor and Best Actress categories with such amazing movies and actors/actresses to choose from this year. It was also interesting to see some of the biggest odds drawing out punters to make bets on the awards show, which proved profitable for the right bets.
Academy Winners and Wager Results
The biggest Oscar of the night for Best Picture was awarded to Alejandro González Iñárritu for the Birdman starring Michael Keaton, which is a story about an actor desperately trying to make a comeback through Broadway.
For punters that placed bets on the Birdman (8/13 to win), took home $1.62 for every $1 wagered. There are reports of some serious winnings for punters that wagered hundreds on the best picture.
Best Actor was another tough category but it ultimately went to the favorite Eddie Redmayne for his incredible portrayal of Stephen Hawking in the Theory of Everything. Redmayne played the role of his life and looked like he was meant to play the part. The profit margin was not the biggest for punters for this category, as it paid out 1/4. Favored to win at 80% means that winners would have pocketed $1.25 for every $1 wagered.
Julianne Moore was named Best Actress of the Year for her awe-inspiring role as Dr. Alice Howland suffering from Alzheimer's disease. Moore was the big favorite to win over Reese Witherspoon in Wild and Rosamund Pike in Gone Girl. The favorite won at 1/50, which did draw quite a few bets even considering pay would have been $1.02 for every $1.
Betting on TV events is an exciting way to watch the biggest awards shows, reality TV shows and even song competitions. Odds can get very high, which is the reason these markets are so popular.