On February 24, Hollywood elites and other film professionals gather to observe everything cinema for the 91st Academy Awards.
The biggest movies of this year go head-to-head vying for top honors, aka a statue which looks like a Ken doll that dropped into a vat of gold nail polish. Winners are chosen by members of the Academy of Motion Picture Arts and Sciences (AMPAS), a company comprising approximately 6,000 movie industry professionals.
Oddsmakers calculate Academy Awards betting odds by determining each nominee’s chance of winning their respective class. One of the wonderful things about Oscar gambling lines is they often arrive with reduced juice — commission that the sportsbook takes from every bet. Considering that wagering on the Oscars just comes once annually, unlike betting on soccer, online betting sites provide cheaper lines to give bettors an incentive.
Among the largest betting opportunities is a wager on Best Picture. But, among the worst beats at the background of betting arrived on February 26, 2017, when Faye Dunaway and Warren Beatty presented the award for Best Picture. For those who have selected to block this by memory, here’s a recap:
Dunaway and Beatty announced that La La Land had won the Oscar for Best Picture. Unfortunatly, the real winner was Moonlight. It was just when the producer of La La Land, Jordan Horowitz, accepted the award which the mistake was realized. Dunaway and Beatty was handed the wrong envelope — the one containing the outcomes for Best Actress, that had been awarded to Emma Stone. It was a huge upset, and to say it was an embarrassing moment could be an understatement.
La La Land was the heavy favorite and bettors thought they would be collecting their winnings after Bonnie and Clyde declared Best Picture. Unfortunately, those bettors found themselves on the losing side of a bad defeat. On the flip side, individuals who shot Moonlight to win Best Picture had it created.
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