The Social Network, Colin Firth Easy Money as Oscar Nominations Announced
With the 2011 Oscar nominations announced Tuesday morning, gamblers could expect easy money on such categories as “Best Actor” – Colin Firth the -2000 early favorite – and “The Social Network” – a -500 early favorite.
But be prepared to lay down a ton of money for such an easy win.
While the Oscars might be among the most predictable events in which to bet on – with favorites typically winning nine out of ten times – the risk vs. rewards ratio is massive.
A bet on heavily favored Colin Firth, for example would require a $200 bet just to win $10 or $400 just to win $20. And many gambling sites won’t allow more than $500 bet on any one Academy Awards category.
“The key is to look for favorites that don’t require as big a risk,” notes Payton O’Brien, Senior Editor of the Gambling911.com website.
“The Social Network” falls into this category.
“It’s a big enough favorite but only requires a $50 bet to win $10. A $100 bet pays out $20.”
The most unpredictable of the categories this year would be “Best Supporting Actress” where the favorite - Melissa Leo (The Fighter) – was a mere -300. A $30 bet would pay out $10.
“But that one is too close to call,” acknowledged O’Brien.
Oscar nominations for 2011 were announced at 8:30 am ET Tuesday morning. Updated betting odds were to be published at Sportsbook.com shortly here.
- Carrie Stroup, Gambling911.com Senior Reporter
