How to Bet on the Tonys

The Tony Awards celebrate excellence in live Broadway theatre, with an annual ceremony taking place in Manhattan. Presented by the American Theatre Wing and the Broadway League, the Tonys pay homage to the best in the business each year.

Where to Bet on the Tonys

Thanks to the recent rise in popularity of entertainment betting, there are plenty of Tonys betting opportunities out there. If you want to learn how to bet on the Tony Awards and win money, be sure to make full use of all the information in this guide.

Best Tonys Betting Markets

There are two main types of Tonys betting options – future and props. Futures typically involve predicting the winners of categories, while props generally concern occurrences or non-occurrences during the ceremony.

Tony Awards Category Futures

Predicting the category winners is undoubtedly the most popular Tony Awards betting option. All the leading entertainment betting sites will provide odds for the biggest categories, giving you the chance to assess the options and select your pick.

High-profile Tonys categories include Best Performance by a Leading Actor in a Play, Best Performance by a Leading Actress in a Play, Best Performance by a Leading Actor in a Musical and Best Performance by a Leading Actress in a Musical.

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Tony Awards Props Betting

Although Tonys props are usually harder to find than futures, they can be tracked down if you look hard enough. Since Tony Awards prop bets tend to serve up juicy odds and great value, they are certainly worth looking for.

It is worth noting that Tonys props are not tied to the result of a category. Instead, they focus on unique and obscure aspects of the ceremony, such as performers’ actions during the live show and the host’s opening monologue.

Tips for Betting on the Tonys

It’s time to go over some useful tips for betting on the Tony Awards. Of course, all the basic gambling guidelines apply when it comes to wagering on the Tonys, but the following tips could help you take your game to the next level.

Find Great Value Tonys Bets

It is not uncommon to see surprise winners at the Tony Awards, with underdogs and outsiders often enjoying success. Accordingly, if you like the look of an actor/actress/musical with big odds, don’t be afraid to back the high price.

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Examine Other Awards Shows

Another top Tonys betting tip involves looking at similar awards shows and seeing how certain musicals or performers fared. For example, if a musical has won a similar award at a different ceremony, it will likely do well in a similar category at the Tonys.

Look at Previous Winners

You can learn a lot by looking at past winners of categories, as comparable actors/actresses/musicals tend to perform well in the same categories. Put simply, study previous Tony Awards and use the information to aid your wagers.