Oscar bets refer to the practice of wagering on the outcomes of the Academy Awards, where film enthusiasts and gamblers predict winners in various categories such as Best Picture, Best Director, and acting awards. As the Oscars generate significant media attention, betting on the event has gained popularity, with many online platforms offering odds and markets for participants. This adds an extra layer of excitement for fans, who not only celebrate cinematic achievements but also engage in friendly competition and speculation about the industry's top talents.