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The betting world used to only focus on sports. However, bookmakers have expanded their offerings over the years to other areas.
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- Nevada was the first state where sports betting was legal and regulated before the rapid expansion of wagering that began in 2018. And now most Las Vegas casinos offer mobile sports betting apps, meaning that you can bet on sports from anywhere within the state. Learn more about what casinos offer which apps for mobile sports betting in Las Vegas.
- Sports gamblers in Las Vegas bet on local sportsbooks, but now it's easier to bet online. Here's how to bet on sports online in Las Vegas.
Case in point, entertainment events like the Academy Awards (a.k.a. Oscars) have become quite popular at sportsbooks. Both serious and casual gamblers like wagering on this premier movie awards show.
Considering how popular Oscar's betting is, it should be available in Las Vegas. After all, Sin City is the world's biggest sports gambling market.
But can you actually wager on the Oscars in Vegas? I'll answer this question below and cover Nevada's take on the matter.
Vegas Doesn't Allow Entertainment Betting
Home to dozens of sportsbooks, Las Vegas gives you the opportunity to bet on just about anything. You can of course wager on popular sports like basketball and football, but you can also place bets on the more-obscure like badminton and ping pong.
When it comes to entertainment betting, though, no Vegas sportsbook currently covers this area. They don't offer lines on the Oscars, Grammy Awards, or anything similar.
As I'll discuss later, this situation could change in the near future. For now, though, you must find somewhere else to bet on the Oscars.
Why Hasn't Nevada Approved Oscars Betting?
Multiple reasons exist for why Nevada hasn't allowed gambling on entertainment events. You can read more on each of the reasons below.
Previous Denial
Entertainment betting has a very brief history in Las Vegas. The Nevada Gaming Control Board (NCB) received one request to offer this type of gambling in 2012.
They denied this request on grounds that they hadn't approved any non sporting betting yet. However, they continue to remain open to suggestions.
As of now, though, sportsbooks can't offer Oscars odds. They still need to go through a significant amount of red tape before they'd be able to roll out this form of wagering.
No Recent Requests
The NCB received requests for Oscars betting in 2012 and political gambling in 2013. They nixed both ideas and haven't heard about either ever since.
Of these two options, entertainment wagering is definitely the most-logical choice to be approved in the near future. However, no operator has made another request for Oscars gambling since 2012.
Bookmakers don't seem to be salivating at the chance to offer this type of betting. Considering that Vegas set a record for sports gambling revenue last year, bookmakers are doing just fine with what they already have.
Sportsbooks Don't See Massive Profit Potential
Las Vegas bookmakers don't just throw up lines on anything. Instead, they consider the profitability of each market.
Bookmakers would draw plenty of action on Oscars gambling. On the other hand, they must not see enough profitability to push for this form of betting right now.
Otherwise, at least one operator would have requested to take wagers on the Oscars. Everybody has been silent on the matter so far, though.
Wait & See Approach
Las Vegas and the state of Nevada as a whole are far from the only American sports betting markets. Ever since the fall of PASPA, well over a dozen states have regulated sports wagering.
Each of these new markets has the opportunity to individualize their sports betting. Some states have chosen to legalize Oscars gambling.
Nevada operators could merely be taking a wait-and-see approach on how this kind of gambling pans out. Assuming it is a success, they'll probably start sending requests to the Gaming Control Board.
Will Vegas Ever Be Able to Offer Oscars Betting?
The Silver State used to be the only game in town as far as American sports betting goes. They were grandfathered into PASPA and were the only state that could feature full-blown sportsbooks.
This situation changed, though, in 2018. Now, Las Vegas has more competition than ever before in the NBA betting market.
Sin City is still going to draw more sports bettors than any other location for the foreseeable future. But it also needs to think about how it can continue standing out from nearby competition.
Oscars betting is one way for Las Vegas to expand its market. Assuming they offer entertainment bets before the majority of other states, they could further separate themselves from the pack.
They now have the opportunity to do so, but they continue putting the most attention on sports.
I definitely see Las Vegas accepting Oscar bets at some point in the future. My prediction is that at least one sportsbook will be taking these wagers by 2022.
I'm actually surprised that not one operator has requested to offer Oscar betting since 2012. This will no doubt change now that sportsbooks in other states can accept such wagers.
Where Can You Bet on the Oscars?
You may not be able to wager on the Oscars right now. As you'll see below, though, you do have some options for placing these types of bets.
New Jersey
The Garden State paved the way for getting PASPA repealed. They had previously complained that it was unfair for Nevada to be the only state with sportsbooks.
New Jersey has taken full advantage of their legal rights to feature sports betting. They've not only legalized gambling on all types of sports but also on the Oscars.
NJ sportsbooks can accept wagers on the Academy Awards and other similar events. They're currently one of only two states that allows this type of wagering.
However, New Jersey's Oscars betting has come with limits. You can only wager up to $500 on the Oscars at the time of this writing.
But Garden State bookmakers can take much larger bets on basketball, baseball, football, and many other sports. Nevertheless, the fact that New Jersey allows Oscars wagering to any extent is impressive.
Colorado
Colorado legalized sports betting in 2019. They've currently just launched their betting markets at the time of this writing.
Despite having such a young market, though, the Centennial State decided to include Oscars betting in the mix. Both Colorado residents and visitors can already gamble on entertainment events.
This state doesn't have quite the gambling history as New Jersey and its casino mecca, Atlantic City. But with its 5.8 million residents and healthy tourism industry, Colorado looks poised to do quite well with sports betting.
Offshore Sportsbooks
The average American doesn't see betting on the Oscars as any big deal. After all, they've had access to this type of gambling for years through offshore sportsbooks.
Offshore bookmakers are located in foreign countries and serve the US without approval from the federal government or any states. They're often known as 'unregulated' or even 'black market' sportsbooks.
These operators only need to adhere to the laws within their respective jurisdictions. Many of these online sportsbooks are located in places like in Antigua or Costa Rica.
They don't obtain approval from Nevada or any other American gambling jurisdiction. Instead, they just feature lines on whatever they want.
These operators do avoid states with regulated betting markets, such as New Jersey, Nevada, and Colorado. But they continue serving the vast majority of other Americans living in states that haven't yet approved sports wagering.
Other Countries
Outside of Nevada, the American sports betting market is still fairly new. Operators and regulators are still getting a feel for what does and doesn't work.
A number of other countries, however, have featured legal sports gambling for much longer. The UK is a perfect example of a nation that's allowed betting for many years.
They first legalized this activity in 1961. Therefore, the UK sports betting market has had many years to mature and come up with new ideas.
Entertainment betting has been legal in this country for a long time. Various other European countries also allow Oscars gambling.
Conclusion
The Nevada Gaming Control Board hasn't approved Oscars betting. However, they haven't received any requests about this type of betting since 2012 either.
The GCB would probably be more open to such requests now that other states allow Academy Awards gambling. Therefore, Vegas sportsbooks could potentially be accepting these types of bets within a few years.
But until then, you can't wager on this long-running award show. Your best option for doing so as an American is to visit New Jersey, visit Colorado, or use an offshore sportsbook.
If the prospect of wagering on the Oscars excites you, you'll need to place your bets through another avenue other than Vegas for the time being.
Betting on sports in a casino sportsbook isn't the same as betting with an illegal bookie or online sportsbook. Placing a wager with a ticket writer inside of a casino can be intimidating for new sports bettors. The big board with betting options may be confusing for someone who hasn't seen anything like it before. Some gamblers avoid the sportsbook simply because of the pressure from other people. In addition, wagering isn't the same for all sports and, depending on the sportsbook operator, the Las Vegas odds are different in many casinos.
The Best Sports Betting Apps In Nevada
Individual games have can have point spreads, moneylines, totals, various propositions, and even more wagering options during the games themselves. There are futures bets for championships and individual events. Sportsbook operators in Nevada are offering more opportunities to wager in a sportsbook every day which can add to the confusion. There's a lot of information to take in when contemplating a sports bet.
Mobile sports wagering might actually be an easier way to wager on sports for gamblers who have bet with the best online sportsbooks before visiting a land-based casino. We'll discuss how to bet in person at a Nevada sportsbook and how to bet online using a mobile device (phone or tablet). All bettors should know the basics before placing a wager in a Nevada sportsbook.
Choose the sport and pick a wager
Not all sports bets are the same. Most wagers for football and basketball are made using a point spread. Baseball and hockey use a moneyline and also offer run or puck lines, respectively. Other events might offer straight odds for a winning wager. Here are the basic ways to wager on games, matches and events for each major sport.
- Football: Point spread
- Basketball: Point spread
- Baseball: Moneyline
- Hockey: Moneyline
- Soccer: Moneyline
- Fighting (MMA and Boxing): Moneyline
- Golf: Odds
- Auto Racing: Odds
- Tennis: Moneyline
- Olympics: Odds
Point totals and alternatives are available for most moneyline and point spread sports. These aren't the only ways to wager on each sport but this is the starting point for most sports bettors.
Choose the type of wager
Once a bettor chooses the sport they want to wager on, they will need to choose how they want to bet. In addition to the basic wager types, a variety of wagering options could be available for each event.
- Point spread – Choosing the favorite to win by more points than the point spread or underdog to lose by fewer points than the point spread.
- Moneyline – Simply pick the winner of a game or event.
- Totals – Choosing that the total points scored will be over or under for the defined period or game.
- Propositions – A wager made that something will or won't happen during a game or event. This could be individual players or teams.
- Futures – This is a wager on an event to happen in the future. The occasion can be in the near future or at the end of a season.
Placing the wager
It's time to place the wager once the bettor knows which event they want to bet. Ticket writers in a Las Vegas sportsbook can usually understand any terminology they're given. However, it makes their life easier when a bettor uses the basic information for the bet(s) they'd like to place.
- The rotation number that coincides with the team or athlete for the wager. This is the 3 or 4 digit number to the left of each event.
- Amount of the wager.
- Listen when the bet is read back to make sure it's correct.
- Double check the printed ticket to make sure that's correct.
For example, 'I'd like #123 (team name) for $100.' The ticket writer will read back the wager to make sure they have the information correct. Once approved they'll print the ticket and the bettor will exchange money for the ticket. Always double check the ticket – even if there's a line – to make sure the wager is exactly what was asked for.
Getting paid for a wager
Point Spreads – Most point spread wagers pay -110. This means that for every $110 wagered, the bettor will be paid $100. Some games will move to -120 before the point spread changes. This requires a $120 wager to win $100.
Moneyline – The favorite for this game or match will be noted by the minus (-200) sign and the underdog by a plus (+200) sign. For example, the Yankees are -200 favorites against the Red Sox who are +190. In this example, the bettor will wager $200 on the Yankees to win $100. Likewise, the bettor may wager $100 on the underdog Red Sox to win $190.
Futures – These will be noted by a moneyline (+600) or straight odds (6-1). These numbers pay the same thing but may be confusing to someone new to a casino sportsbook.
When a bettor is paid they receive the amount of the winning bet plus the original wager. Using the example above, the bettor will receive $300 if they placed winning $200 bet on Yankees beat the Red Sox. The ticket pays $100 and the bettor receives the original bet amount of $200 back.
Where to bet in Nevada
All sportsbooks in Nevada are created differently. The space devoted to a sportsbook in Nevada casinos depends on the size and customers of the individual property. By nature, one would think that a larger casino would have a large sportsbook. That's not always the case as sports betting is less of a focus for certain casinos in Nevada.
Finding a sportsbook that meets personal preferences is important when choosing where to bet. Some gamblers prefer quick access to restaurants while others prefer the best viewing screens. Some gamblers want to watch the games on the best TV screens while others just want a place to bet and grab a drink. Reading different sportsbook reviews will help casino guests find the most comfortable viewing experience.
Offshore Sportsbooks
The average American doesn't see betting on the Oscars as any big deal. After all, they've had access to this type of gambling for years through offshore sportsbooks.
Offshore bookmakers are located in foreign countries and serve the US without approval from the federal government or any states. They're often known as 'unregulated' or even 'black market' sportsbooks.
These operators only need to adhere to the laws within their respective jurisdictions. Many of these online sportsbooks are located in places like in Antigua or Costa Rica.
They don't obtain approval from Nevada or any other American gambling jurisdiction. Instead, they just feature lines on whatever they want.
These operators do avoid states with regulated betting markets, such as New Jersey, Nevada, and Colorado. But they continue serving the vast majority of other Americans living in states that haven't yet approved sports wagering.
Other Countries
Outside of Nevada, the American sports betting market is still fairly new. Operators and regulators are still getting a feel for what does and doesn't work.
A number of other countries, however, have featured legal sports gambling for much longer. The UK is a perfect example of a nation that's allowed betting for many years.
They first legalized this activity in 1961. Therefore, the UK sports betting market has had many years to mature and come up with new ideas.
Entertainment betting has been legal in this country for a long time. Various other European countries also allow Oscars gambling.
Conclusion
The Nevada Gaming Control Board hasn't approved Oscars betting. However, they haven't received any requests about this type of betting since 2012 either.
The GCB would probably be more open to such requests now that other states allow Academy Awards gambling. Therefore, Vegas sportsbooks could potentially be accepting these types of bets within a few years.
But until then, you can't wager on this long-running award show. Your best option for doing so as an American is to visit New Jersey, visit Colorado, or use an offshore sportsbook.
If the prospect of wagering on the Oscars excites you, you'll need to place your bets through another avenue other than Vegas for the time being.
Betting on sports in a casino sportsbook isn't the same as betting with an illegal bookie or online sportsbook. Placing a wager with a ticket writer inside of a casino can be intimidating for new sports bettors. The big board with betting options may be confusing for someone who hasn't seen anything like it before. Some gamblers avoid the sportsbook simply because of the pressure from other people. In addition, wagering isn't the same for all sports and, depending on the sportsbook operator, the Las Vegas odds are different in many casinos.
The Best Sports Betting Apps In Nevada
Individual games have can have point spreads, moneylines, totals, various propositions, and even more wagering options during the games themselves. There are futures bets for championships and individual events. Sportsbook operators in Nevada are offering more opportunities to wager in a sportsbook every day which can add to the confusion. There's a lot of information to take in when contemplating a sports bet.
Mobile sports wagering might actually be an easier way to wager on sports for gamblers who have bet with the best online sportsbooks before visiting a land-based casino. We'll discuss how to bet in person at a Nevada sportsbook and how to bet online using a mobile device (phone or tablet). All bettors should know the basics before placing a wager in a Nevada sportsbook.
Choose the sport and pick a wager
Not all sports bets are the same. Most wagers for football and basketball are made using a point spread. Baseball and hockey use a moneyline and also offer run or puck lines, respectively. Other events might offer straight odds for a winning wager. Here are the basic ways to wager on games, matches and events for each major sport.
- Football: Point spread
- Basketball: Point spread
- Baseball: Moneyline
- Hockey: Moneyline
- Soccer: Moneyline
- Fighting (MMA and Boxing): Moneyline
- Golf: Odds
- Auto Racing: Odds
- Tennis: Moneyline
- Olympics: Odds
Point totals and alternatives are available for most moneyline and point spread sports. These aren't the only ways to wager on each sport but this is the starting point for most sports bettors.
Choose the type of wager
Once a bettor chooses the sport they want to wager on, they will need to choose how they want to bet. In addition to the basic wager types, a variety of wagering options could be available for each event.
- Point spread – Choosing the favorite to win by more points than the point spread or underdog to lose by fewer points than the point spread.
- Moneyline – Simply pick the winner of a game or event.
- Totals – Choosing that the total points scored will be over or under for the defined period or game.
- Propositions – A wager made that something will or won't happen during a game or event. This could be individual players or teams.
- Futures – This is a wager on an event to happen in the future. The occasion can be in the near future or at the end of a season.
Placing the wager
It's time to place the wager once the bettor knows which event they want to bet. Ticket writers in a Las Vegas sportsbook can usually understand any terminology they're given. However, it makes their life easier when a bettor uses the basic information for the bet(s) they'd like to place.
- The rotation number that coincides with the team or athlete for the wager. This is the 3 or 4 digit number to the left of each event.
- Amount of the wager.
- Listen when the bet is read back to make sure it's correct.
- Double check the printed ticket to make sure that's correct.
For example, 'I'd like #123 (team name) for $100.' The ticket writer will read back the wager to make sure they have the information correct. Once approved they'll print the ticket and the bettor will exchange money for the ticket. Always double check the ticket – even if there's a line – to make sure the wager is exactly what was asked for.
Getting paid for a wager
Point Spreads – Most point spread wagers pay -110. This means that for every $110 wagered, the bettor will be paid $100. Some games will move to -120 before the point spread changes. This requires a $120 wager to win $100.
Moneyline – The favorite for this game or match will be noted by the minus (-200) sign and the underdog by a plus (+200) sign. For example, the Yankees are -200 favorites against the Red Sox who are +190. In this example, the bettor will wager $200 on the Yankees to win $100. Likewise, the bettor may wager $100 on the underdog Red Sox to win $190.
Futures – These will be noted by a moneyline (+600) or straight odds (6-1). These numbers pay the same thing but may be confusing to someone new to a casino sportsbook.
When a bettor is paid they receive the amount of the winning bet plus the original wager. Using the example above, the bettor will receive $300 if they placed winning $200 bet on Yankees beat the Red Sox. The ticket pays $100 and the bettor receives the original bet amount of $200 back.
Where to bet in Nevada
All sportsbooks in Nevada are created differently. The space devoted to a sportsbook in Nevada casinos depends on the size and customers of the individual property. By nature, one would think that a larger casino would have a large sportsbook. That's not always the case as sports betting is less of a focus for certain casinos in Nevada.
Finding a sportsbook that meets personal preferences is important when choosing where to bet. Some gamblers prefer quick access to restaurants while others prefer the best viewing screens. Some gamblers want to watch the games on the best TV screens while others just want a place to bet and grab a drink. Reading different sportsbook reviews will help casino guests find the most comfortable viewing experience.
Serious sports bettors always look for the best Las Vegas odds when choosing a sportsbook. Not all Las Vegas sportsbooks offer the same betting odds. Some sportsbook operators are known for having the best Las Vegas odds while others are noted for having odds that are less favorable.
There was a day when shopping for the best Las Vegas odds was easy. The city was small and it was easy to walk from casino to casino to find the best odds. That changed as casinos grew and different sportsbook operators became more spread out around Las Vegas. The internet has made finding the best Las Vegas odds easy once again. Plenty of websites offer live odds and bettors can now wager on sports anywhere in Nevada with a mobile sports wagering app.
Mobile sports wagering
Mobile sports wagering has taken Nevada by storm ever since being introduced. Sports bettors can wager on any games available from a sportsbook operator anywhere in the state. The convenience of betting on sports from anywhere means that someone on vacation can place a bet on a game from a pool or nightclub. Meanwhile, Nevada residents can place wagers from their house.
How To Bet Online In Vegas
Sports bettors no longer have to stand in line waiting to place a bet. Mobile sports wagering is so popular that some sportsbook operators see more wagers placed via mobile sports wagering app than in the land-based casinos.
Wagering on sports with a mobile app is intuitive and may be less intimidating for a new sports bettor since bets are not made with other people around. Even though different sportsbooks may have their own software placing a wager with apps is easy and similar to the best online sportsbooks.
Best Odds In Las Vegas
Sports wagering apps in Nevada must be set up at a land-based casino initially. Some sportsbook operators use software that will allow users to fund and withdraw from an account without returning to the sportsbook. The Las Vegas odds are the same on the app as they are in the physical casino.
Las Vegas Football Bets Online
Why you should bet on sports in Nevada
It's possible to wager illegally with a bookie and online with an offshore sportsbook but nothing is better or safer than betting on sports in Nevada. Casinos and sportsbook operators in Nevada are billion dollar companies in a highly regulated industry. The Nevada Gaming Control Board might have the most strict gaming regulations in the country. Unlike an illegal bookie or sketchy offshore sportsbook the money used to place wagers in Nevada should be considered safe.
