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 13 at the Radio Music Theatre in New Yorke 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 2023
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 75th-ever and will take place on June 13 at the historic Radio City Music 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.
This was a strong year for musicals: The leading contender is “A Strange Loop,” which is considered the Tony Awards odds-on favourite to take home the hardware. But don’t sleep on “Six,” which captivated a strong audience and has been one of Broadway’s biggest earners in 2021-22.
Α Strange Loop ⏩ To win the Βest Musical @1.30 (3/10).
The favourite in this category is “The Lehman Trilogy,” which is centred around the happenings of the Lehman brothers’ financial firm. Of all the big Tony Awards betting categories, this one is perhaps the easiest to call.
The Lehman Trilogy ⏩ To win the Βest Play @1.25 (1/4).
Best Leading Actor in a Play
This might be the most heated competition: With multiple strong contenders like David Morse (How I Learned To Drive) and the popular Simon Russell Beale (The Lehman Trilogy), and Sam Rockwell (American Buffalo), this category might be truly up for grabs.
Simon Russell Beale ⏩ To win the Βest Leading Actor in a Play @1.25 (1/4).
Also Read: Nobel Peace Prize Odds.
Best Leading Actress in a Play
Not only will “How I Learned To Drive” receive consideration for best play, but this Broadway smash has a key competitor for the Best Leading Actress award in Mary-Louise Parker. With two outstanding performances from both Simon Russell Beale and Parker, it’s no surprise their play will be among the most celebrated.
Mary-Louise Parker ⏩ To win the Βest Leading Actress in a Play @1.30 (3/10).
Best Director of a Play
You might think that Tony Awards betting is simple: The director of the Best Play should win Best Director, right? Not so fast. Although we think “The Lehman Trilogy” will win Best Play, a dark-horse contender for Best Director is Martin McDonough, who has produced seven Broadway plays before.
Martin McDonough ⏩ To win the Βest Director of a Play @6.50 (11/2).
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.
The Tony Awards are decided by a vote of roughly 900 theatre experts who belong to respected industry groups. There is a 24-person Tony Awards Administrative Committee that determines the nominees.
Currently, the Tony Awards betting favourite for Best Play is “The Lehman Trilogy,” which was one of Broadway’s biggest smashes over the past year. For Best Musical, “A Strange Loop” has the best odds to take home the trophy.
You might not believe it, but the youngest person to win a Tony Award is a pair of 11-year-olds: Frankie Michaels, in 1966, in Mame, as Best Actor; and Daisy Eagen, in 1991, for The Secret Garden.
If you’re looking for the best Tony Awards odds to win for Best Play, look no further than “The Lehman Trilogy,” which critics have acclaimed as the best Broadway play of the year. With a big budget, they could win the award in big fashion.
The voters are comprised of the American Theatre Wing board of directors and designated members of the advisory committee and members of these associations: Actors' Equity Association, the Dramatists Guild, the Society of Stage Directors and Choreographers, United Scenic Artists, the Association of Theatrical Press Agents and Managers, the Theatrical Council of the Casting Society of America and voting members of The Broadway League.
The betting markets open immediately after nominations are announced. Currently, they are wide open. This year, the Tony Awards betting odds were released on May 9, in accordance with the official nominations.