Tony Awards Betting Tips 2024

The Tony Awards, which recognize the best in Broadway theatre, are right around the corner. The ceremony is comprised of 26 categories, such as best musical, best play, best actors, and best director. This year, they will take place on June 16 at the Lincoln Center's David H. Koch Theater in New York City. Lately, betting interest has become increasingly popular.

Following our guide, you will be able to unveil a brief history of the event alongside some expert Tony Awards betting tips on all the top categories. Who is favoured to win, and which are some of the dark horses that might cause upsets? Which are the top Tony Awards betting sites based on odds and market coverage? Let’s get down to it, keeping in mind our Entertainment betting guide.

Which are the best Tony Awards Betting Sites

While the Tony Awards are given specifically for Broadway theatre performances, their appeal is universal and is mentioned in the same breath of entertainment excellence as the Oscars, Emmys, and Grammys. This is why you can find multiple bookmakers online.

However, not all of them are equal in terms of payouts and wagering options. Right below, you can check the top Tony Awards betting sites. You can follow the same pattern for other events, like Emmy Awards, picking the best Emmys bookmakers.

Tony Awards betting preview 2024

The Tony Awards have been given since 1947 by the American Theatre Wing and The Broadway League and are voted on by nearly 900 voters on a year-to-year basis. There is a 24-person committee called the Tony Awards Administration Committee that determines the nominations. This year’s instalment will be the 76th-ever and will take place on June 16 at the historic Lincoln Center's David H. Koch Theater in New York City and will be hosted by actress Arianna DuBose. Even though there are 26 categories in total, Tony Awards betting interest is higher on some of them rather than on others.

Tony Awards Betting Tips & Markets

Our team of experts has been following the event all season and came up with a quick guide to the best Tony Awards betting tips, as we have also monitored the best Oscars bookmakers. Most betting sites will offer odds on certain categories, which is why we have prioritized our advice on these ones for your convenience.

Best Musical

This was a strong year for musicals: The leading contender is “Suffs” which is considered the Tony Awards odds-on favourite to take home the hardware. But don’t sleep on “Hell's Kitchen” which captivated a strong audience and has been one of Broadway’s biggest earners in 2022-23.

Suffs ⏩ To win the Βest Musical @1.20.

Best Play

The favourite in this category is “Stereophonic” which is centred around a rock band who are on the verge of superstardom. Of all the big Tony Awards betting categories, this one is perhaps the easiest to call.

Stereophonic ⏩ To win the Βest Play @1.20.

Best Leading Actor in a Play

This might be the most heated competition: With multiple strong contenders like Leslie Odom Jr. (Purile Victorious), Jeremy Strong (An Enemy Of The People), and William Jackson Harper (Uncle Vanya), this category might be truly up for grabs.

Leslie Odom Jr. ⏩ To win the Βest Leading Actor in a Play @1.67.

Best Leading Actress in a Play

“Appropriate” gave us a key competitor for the Best Leading Actress award in Sarah Paulson. Close to this, two outstanding performances from Rachel McAdams and Jessica Lage are two considerable outsiders.

Sarah Paulson ⏩ To win the Βest Leading Actress in a Play @1.33.

Also Read: Nobel Peace Prize Odds.

How to Bet On the Tony Awards

The Tony Awards are limited to Broadway theatres. The main categories are broken down into two areas: Musicals and Plays. Here are a few things to look out for before placing your Tony Awards bets. This strategy can also secure money for you in other events, like Eurovision, where you should check and pick the top Eurovision bookmakers.

Look into the critic's opinions

This is the best way to make an informed decision. Because many of these Broadway critics are highly influential in the main vote, it’s a good practice to read up on some of the coverage and check a variety of content to see which plays and musicals they think will stack up. Every year, it seems critics can prelude, to a certain degree, the favourites. A few publications we keep our eye on for Tony Awards betting tips include Playbill, American Theatre Magazine and Live Design Magazine.

Budget can be a huge factor

Definitely take the time to look up the budget of a musical or play you’re thinking about choosing in Tony Awards betting. Why? Because it’s simple: The shows with the biggest budgets have the most exposure. This kind of bias is baked into the cake of the voters’ decisions: The big-box plays and musicals get much more publicity, therefore, they will have a better chance to win.

Account for good timing

Many years, if a play or musical has award aspirations, the event will be unveiled on Broadway later in the season–as close to nomination time as possible so their performance is fresh in the voters’ minds. The cut-off date for the nominations is traditionally in spring, late April usually, so make a note of the shows that have been recently released when you’re following all the latest Tony Awards betting odds.

Full list of Tony Awards betting sites

By now, you should have a good understanding of how Tony Awards betting works. In general, it’s not much different than wagering on other award shows: The goal is to pick the winners. But where bettors can get an advantage is because although it’s a worldwide event, there is significantly less interest than in the Oscars, Grammy, or Emmys.

This is why our team of experts is here to give you the best Tony Awards betting tips, so you can find an edge to win real money. Of course, you’ll need to find the right online bookmaker to place your bets. At Bookmakers.bet, we have you covered there, too; be sure to check out a complete list of sportsbooks below for all upcoming betting events.