2025 Oscars Best Picture Odds: Anora favored

The countdown to the 97th Annual Academy Awards is on as the 2025 Oscar Nominations tell us who will be competing on Hollywood’s Biggest Night.

As always, the biggest prize of the night on Sunday, March 2nd will be Best Picture. This year’s race was shaping up to be one of the more unpredictable Best Picture races in recent memory, but as the dust has settled, a clear favorite has emerged.

2025 Oscars Best Picture Odds

With a couple of huge wins at precursor award shows, Sean Baker’s Anora at -188 has become a big favorite to take home the Oscars’ biggest award.

Back in January, Anora was +700 to win Best Picture, but the film took home three major awards that are massive indicators for the Oscars. Anora took home the top prizes at the PGA Awards, the WGA Awards and the DGA Awards. Only one film in the history of the Oscars has won all three of those awards and gone on to lose Best Picture (Brokeback Mountain – 2006)

Winner of the 2024 Palme d'Or for the best film at the Cannes Film Festival, Anora stars Mikey Madison in a break-out role. Madison is the current second-favorite behind Demi Moore to win Best Actress in a Leading Role. Other nominations include Yura Borisov for Best Supporting Actor, Baker for Best Director (he is the favorite, and this is his first-ever nomination), and Best Original Screenplay.

With a couple huge wins at precursor awards shows, Conclave has emerged as a real threat to win Best Picture on March 2. A win for Best Film at the BAFTAs and for Ensemble in a Motion Picture at the SAG Awards has launched the film to +200 to take home the Academy Awards' biggest prize. Other nominations include Raph Fiennes for Best Actor in a Leading Role, Isabella Rossellini for Best Actress in a Supporting Role, and Best Adapted Screenplay.

One thing working against Conclave is that director Edward Berger did not receive a nomination for Best Director. Only two films since 1990 have won Best Picture without a Best Director nomination (Argo, 2012 and Green Book, 2018).

The film with the next best odds to win Best Picture is Brady Corbet’s The Brutalist at +650. The A24 film features a mammoth three-hour and 35-minute runtime, and stars Adrian Brody as a visionary architect who immigrates to America from post-WWII Europe.

The film has nominations in some key spots, including Best Cinematography and Best Original Screenplay, among others. Corbet is the second favorite to land Best Director (+120), and Brody is the odds-on favorite (-225) to become just the 11th man to win two Best Actor Oscars in his career - he also won in 2002 for The Pianist.  Its 10 nominations are tied with Wicked for the second most of any movie at this year’s Oscars.

When the market opened back in September, The Brutalist was the favorite at +250.

Those three are really the only main contenders in this year’s race, with the remaining films looking like real long shots at this point.

Timothée Chalamet’s transformative role playing Bob Dylan helped lead A Complete Unknown to a Best Picture nomination and the film currently sits at +5000 to win. It’s hard to talk about the film without talking about Chalamet’s performance as the folk-music icon. The 29-year-old is now the youngest two-time Best Actor nominee since James Dean, and a win would make him the youngest Best Actor winner in history.

The film with the most nominations at this year’s Academy Awards is Jacques Audiard’s Emilia Perez. The Spanish-language French film broke the record for most nominations ever by an international feature, and is tied for the second most nominations in history with 13.

Despite that, some controversy has led Emilia Perez to become essentially a non-factor to win Best Picture, with odds dropping from +500 in January to +6600 now.

The musical crime film took home the Golden Globe for Best Motion Picture – Musical or Comedy in January. Netflix is hoping Emilia Perez can become its first-ever Best Picture winner at the Oscars.

Wicked (+6600) is led by stellar performances from Cynthia Erivo and Ariana Grande, both of whom received acting nominations. Wicked is tied with The Brutalist for the second most nominations at this year’s Oscars with 10.

After The Substance – +10000 to win Best Picture - left theatres, it became the streaming service Mubi’s highest-grossing film ever. It is led by Demi Moore, who is the favorite to win Best Actress at -250. Moore became the favorite after taking home the Golden Globe for Best Actress in a Motion Picture – Musical or Comedy. 

Dune: Part Two (+10000) was the popular movie review app Letterboxd’s highest-rated movie of the year. The sequel to 2021’s Dune made over $700 million at the worldwide box office, as did the hit musical film Wicked.

Nickel Boys comes in at +10000. Directed and written by RaMell Ross, a former Georgetown Hoyas point guard, Nickel Boys is shot in a first-person point-of-view. It also received a nomination for Best Adapted Screenplay.

At +10000, the biggest surprise Best Picture nomination at this year’s Academy Awards is I’m Still Here. The Brazilian film is also nominated for Best International Feature. It is led by Fernanda Torres, who is nominated for Best Actress. The first-time Oscar nominee won the Golden Globe for Best Actress in a Motion Picture – Drama for her performance in the film.

The 97th Academy Awards take place on Sunday, March 2nd at 8 PM ET.

Odds available in select states. Odds displayed within this article were correct at the time of writing and are subject to change.

bet365 News Team

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