With the 78th Oscar Awards around the corner, several online sportsbooks are posting odds on nominees.  Considered to be entertainment bets, putting stakes on awards ceremonies is becoming more popular each year.  Whether this is the increased accessibility of the internet and online gambling sites, or bettors are beginning to see great value in these bets, there is going to be some good payouts on odds that are already posting.  In fact, the Academy Awards are the most highly wagered non-sporting event in the world.

Of course the biggest bet is Best Picture, which has the favorite Cinderella Man coming in at 6 to 1.  In second place is Syriana at 8 to 1 odds, followed by Munich at 12 to 1, North Country at 13 to 1, and A History of Violence at 15 to 1.  But then there are excellent movies which have a very good shot it would seem, and are delivering excellent payoffs at this very moment.  Take The Constant Gardener, for example.  This highly acclaimed motion picture was released earlier in the year, and so may not be on as many people's minds.  However, come time for the awards, it has a good chance of resurfacing and rekindling the tremendous respect and appreciation it did while in the movie houses.  It is coming in at 20 to 1 odds on a futures bet.

Taking advantage of futures bets on the Academy Awards is a smart move for those who follow the entertainment industry.  The field is already narrowed down quite well - And although there are still some some flicks to be released, which will undoubtedly be films specifically targeted for winning an Oscar, the news is out already which of these films are in post production and which will be released in time for the 78th Academy Awards.