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The 95th Academy Awards, also known as the 2023 Oscars, is set for Sunday, March 12 from the Dolby Theatre in Los Angeles, California. Jimmy Kimmel is hosting the event, which will air on ABC at 8:00 p.m. ET.
RYP has everything you need to create and run your own Oscars pool! From category forecasting and rankings to betting odds and history, our experts have compiled all the information you need to win your Oscars picks and pools!
2023 Oscars Results
Below are the results from this year’s Academy Awards show.
- Largest Favorite to Win: Best Animated Film – Guillermo del Toro’s Pinocchio (-3500) / Best Supporting Actor – Ke Huy Quan (-3500)
- Longest Underdog to Win: Best Production Design – All Quiet on the Western Front (+900)
- Most Awards: Everything Everywhere All At Once (7)
Favorites-Underdogs: 19-4
- Best Picture – Everything Everywhere All At Once (-2500)
- Best Actor – Brendan Fraser (The Whale) (-150)
- Best Actress – Michelle Yeoh (Everything Everywhere All At Once) (-250)
- Best Director – Dan Kwan/Daniel Scheinert (Everything Everywhere All At Once) (-1400)
- Best Supporting Actor – Ke Huy Quan (-3500)
- Best Supporting Actress – Jamie Lee Curtis (+140)
- Best Original Screenplay – Everything Everywhere All At Once (-150)
- Best Adapted Screenplay – Women Talking (-225)
- Best Cinematography – All Quiet on the Western Front (-500)
- Best Animated Film – Guillermo del Toro’s Pinocchio (-3500)
- Best International Film – All Quiet on the Western Front – Germany (-2000)
- Best Documentary – Navalny (-250)
- Best Film Editing – Everything Everywhere All At Once (-250)
- Best Production Design – All Quiet on the Western Front (+900)
- Best Costume Design – Black Panther: Wakanda Forever (+200)
- Best Makeup & Hairstyle – The Whale (+150)
- Best Song – Naatu Naatu (RRR) (-500)
- Best Sound – Top Gun: Maverick (-500)
- Best Score – All Quiet on the Western Front (+160)
- Best Visual Effects – Avatar: The Way of Water (-2500)
- Best Documentary Short – The Elephant Whisperers (-165)
- Best Animated Short – The Boy, the Mole, the Fox and the Horse (-280)
- Best Live Action Short – An Irish Goodbye (+100)
2023 Oscars Categories
There are 23 total categories at the Oscars, which are listed below.
- Best Picture
- Best Director
- Best Actor
- Best Actress
- Best Supporting Actor
- Best Supporting Actress
- Best Original Screenplay
- Best Adapted Screenplay
- Best Cinematography
- Best Animated Film
- Best Documentary Film
- Best International Film
- Best Production Design
- Best Costume Design
- Best Makeup & Hairstyle
- Best Sound
- Best Score
- Best Original Song
- Best Film Editing
- Best Visual Effects
- Best Animated Short
- Best Documentary Short
- Best Live-Action Short
Who Picks Oscars Winners?
The Academy of Motion Picture Arts and Sciences picks the winners for each category at the Oscars. There are over 9,000 members that make up the organization, which come from different positions within the film industry.
The Academy is made up of specific ‘branches’, each branch having at least one category at the Oscars. The branches are below:
- Actors/Actresses
- Writers
- Directors
- Producers
- Music
- Makeup
- Hairstyle
- Sound
- Editors
- Animation
- Short Films
- Visual Effects
- Costume Designers
- Documentary
- Production Designers
Specific branch members nominate and vote on winners. Animators nominate and vote for animated films, sound mixers and musicians nominate and vote for Best Sound and Best Song, actors/actresses nominate and vote for acting categories, etc…
HOW IS BEST PICTURE VOTING DIFFERENT?
The Best Picture category is the only category that uses a different voting system to determine its winner. In all the other categories, members get just one vote but the Best Picture category is ranked in order of preference by the other members.
Because there are so many nominations for Best Picture now (up to nine in 2020), the Academy developed a system that avoids picking a winner only receiving a possible 10% of votes. This system is known as ‘preferential voting’.
According to Variety, the system adds up all the No. 1 votes first. If those votes exceed 50% then the film automatically wins, although this is apparently a very rare circumstance.
If a film that receives the most No. 1 votes is under 50%, then the counting goes to the most No. 2 votes. If no film has over 50% of the votes after counting all No. 1 and No. 2 votes, then the counting moves to the most No. 3 votes. This is repeated until a film goes over the 50% mark.
Important Awards To Track
There are various awards surrounding the film industry each year, with some more specific than others. These shows are great precursors to forecast category winners.
A great example is in 2022 when Jessica Chastain won the SAG for Best Actress, while Troy Kotsur also won the SAG for Best Supporting Actor. Prior to the show, Chastain was a +500 underdog to win the Best Actress Oscar while Kotsur was a +350 underdog for Best Supporting Actor.
After each won the SAG, Chastain jumped to a -150 favorite while Kotsur shortened to a -350 favorite. Circle these award shows to help decipher where each industry category is leaning with its picks.
- Golden Globes – International award show for television and film
- SAG – Actors and actresses
- Writer’s Guild of America Awards – Writers
- Director’s Guild of America Awards – Directors
- Golden Reels – Editing
- Critic’s Choice
- ASC Awards – Cinematography
- ASCAP Awards – Music in film
- VES Awards – Visual Effects
- Costume Designer Guild Awards – Costume Designer
- Hollywood Makeup/Hairstylist Awards – Makeup & Hairstyle
- Saturn Awards – Fantasy & Horror
Important Film Festivals To Track
Film festivals are great sources to see how new releases are perceived by critics. There are five main film festivals to track when forecasting which new movies to keep on your Oscars radar.
- Cannes Film Festival
- Berlin International Film Festival
- Venice Film Festival
- Toronto International Film Festival
- Sundance Film Festival
How to Bet on the Oscars?
Betting on the Oscars is no different than any other sports wager. You have money lines for a favorite and plenty of underdogs.
This is another form of ‘group betting’, a betting style most common with motorsports or golf. Below is an example of what the odds looked like for one of the categories in the past.
2020 BEST PICTURE ODDS
- 1917 (-160)
- Parasite (+200)
- Once Upon A Time In Hollywood (+950)
- Joker (+1250)
- The Irishman (+6600)
- Jojo Rabbit (+9000)
- Marriage Story (+10000)
- Little Women (+15000)
- Ford v Ferrari (+25000)
If a bettor wanted to wager on Parasite to win Best Picture, then it would cost a bettor $100 to possibly win back $300 ($100 wager + $200 winnings). If a bettor wanted to wager on 1917 to win instead, then it would cost a bettor $160 to possibly win back $260 ($160 wager + $100 winnings).
Oscars Betting History
Best Picture Winners
- 2022 – CODA (-155)
- 2021 – Nomadland (-670)
Best Director Winners
- 2022 – Jane Campion – The Power of the Dog (-3500)
- 2021 – Chloe Zhao – Nomadland (-3335)
Best Actor Winners
- 2022 – Will Smith – King Richard (-800)
- 2021 – Anthony Hopkins – The Father (+700)
Best Actress Winners
- 2022 – Jessica Chastain (-140)
- 2021 – Frances McDormand – Nomadland (+400)
Best Supporting Actor Winners
- 2022 – Troy Kotsur – CODA (-800)
- 2021 – Daniel Kaluuya – Judas & The Black Messiah (-2500)
Best Supporting Actress Winners
- 2022 – Ariana DeBose – West Side Story (-1600)
- 2021 – Youn Yuh-jung – Minari (-500)
Best Original Screenplay Winners
- 2022 – Belfast (+110)
- 2021 – Promising Young Woman (-450)
Best Adapted Screenplay Winners
- 2022 – CODA (-250)
- 2021 – The Father (+300)
Best Cinematography Winners
- 2022 – Dune (-500)
- 2021 – Mank (+350)
Best Animated Film Winners
- 2022 – Encanto (-1000)
- 2021 – Soul (-5000)
Best International Film Winners
- 2022 – Drive My Car (-2500)
- 2021 – Another Round (-1250)
Best Documentary Film Winners
- 2022 – Summer of Soul (-360)
- 2021 – My Octopus Teacher (-500)
Best Production Design Winners
- 2022 – Dune (-300)
- 2021 – Mank (-560)
Best Costume Design Winners
- 2022 – Cruella (-450)
- 2021 – Ma Rainey’s Black Bottom (-500)
Best Makeup & Hairstyle Winners
- 2022 – The Eyes of Tammy Faye (-280)
- 2021 – Ma Rainey’s Black Bottom (-670)
Best Film Editing Winners
- 2022 – Dune (-125)
- 2021 – Sound of Metal (-118)
Best Sound Winners
- 2022 – Dune (-1200)
- 2021 – Sound of Metal (-2500)
Best Score Winners
- 2022 – Dune (-500)
- 2021 – Soul (-1667)
Best Original Song Winners
- 2022 – No Time to Die (-225)
- 2021 – Judas and The Black Messiah (+2500)
Best Visual Effects Winners
- 2022 – Dune (-3500)
- 2021 – Tenet (-560)
Best Documentary Short Winners
- 2022 – The Queen of Basketball (-155)
- 2021 – Colette (+800)
Best Animated Short Winners
- 2022 – The Windshield Wiper (+500)
- 2021 – If Anything Happens I Love You (-335)
Best Live Action Short Winners
- 2022 – The Long Goodbye (-225)
- 2021 – Two Distant Strangers (-118)
Most Awards Won
- 2022 – Dune (6)
- 2021 – Nomadland (3)
Oscars Favorites-Underdogs History
| Year | Favorites-Underdogs |
| 2022 | 21-2 |
| 2021 | 17-6 |
| Total | 38-8 |
What Betting Odds are Offered on the Oscars?
All 23 categories are offered as betting markets at the Academy Awards. Early markets will open for popular categories such as Best Picture, Best Actor, Best Actress, and Best Director. It isn’t until nominations are released that other category markets become available to wager on.
The Academy Awards are only legal to wager on in a few states (Michigan, Colorado, Louisiana, New Jersey, etc…), which is another reason to participate in a pool instead! RYP offers Oscars pools so you can compete against your friends and not a sportsbook! Check out the Academy Award pools and create your own!
