Gambling On The Oscars

By the time this post is published, the Oscars would have been over. As of this writing, however, I am still currently glued to my television watching this year’s Academy Awards unfold. Viewers were treated to Hugh Jackman’s opening number and the comedic quips of many of the presenters. The public does not know yet who the big winners are going to be but behind the scenes, all day today and yesterday, gambling enthusiasts have been placing their bets.

It is common knowledge that any big event – whether it is a sporting event or not – attracts its share of gambling and the Oscars is as big as it can get. Do you have any idea what the odds are? Off the top of my head, I can mention Slumdog Millionaire and The Curious Case of Benjamin Button being heavy favorites; and I am not wrong. Still, there are some predictions that might surprise viewers and gamblers. Gambling 911 published the odds on Friday:

At +3000 odds, The Reader would pay out a whopping $3000 for every $100 bet should it win “Best Picture”.

Yeah, we know, everyone’s money is already on Slumdog Millionaire, which is now the huge -900 favorite. You would have to bet $90 just to win $10 (you get back your $90 bet plus the $10 profit should Slumdog Millionaire win the award). But did you know that a mere $1 bet pays $30 on The Reader? $10 pays $300.

Unfortunately for me, I didn’t have the chance to place my bets. I think that I would have bet on The Reader – the odds are just too attractive to pass up. Did you bet?

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