Oscars 2026 Odds, Picks, and Betting Updates

One Battle After Another dominates early odds while Timothee Chalamet surges for Marty Supreme.

Jason Wilson - Betting Analyst at Covers.com
Jason Wilson • Betting Analyst
Nov 20, 2025 • 14:21 ET • 5 min read
Chase Infiniti & Paul Thomas Anderson
Photo By - Imagn Images. Star Chase Infiniti and director Paul Thomas Anderson from One Battle After Another.

Now that festival season is in the rearview, more Academy Awards categories are hitting sportsbooks.

One Battle After Another remains the top option in the Best Picture race, Timothee Chalamet has smashed his way into the Best Actor odds as the current betting favorite for Marty Supreme, and we've got a look at the supporting categories.

Let's look at the latest betting odds for the 98th Academy Awards, scheduled for Sunday, March 15, 2026, at 7 p.m. ET with Conan O'Brien set to return as host. We'll offer full analysis and a complete slate of picks closer to the night.

Odds to win Best Picture

Film DraftKings
One Battle After Another -250
Hamnet  +300
Sinners +700
Marty Supreme  +900
Sentimental Value +1200
Rental Family +2000
Avatar: Fire and Ash   +2000
Sorry Baby  +2000
Pressure  +2000
Bugonia  +2000
No Other Choice  +2500
Alpha  +2500
Wicked: For Good  +2500
The Life of Chuck  +2500
Jay Kelly   +2500
Frankenstein +2500
After the Hunt  +2500
Die My Love  +3500
Caught Stealing +3500
Deliver Me From Nowhere  +4000
Song Sung Blue +4000
The Smashing Machine  +4000
The Lost Bus +4000
Nouvelle Vague +4000
Highest 2 Lowest  +4000
Anemone +4000
Is This Thing On? +5000
Ella McCay +5000
Train Dreams +5000
The Ballad of a Small Player +5000
Roofman +5000
Mother Mary +5000
F1 +5000
The Testament of Ann Lee +6500
The Phoenician Scheme +6500
Weapons +6500
The History of Sound +6500

Odds as of 11-20.

After almost unanimously rapturous reviews and a solid global box office through its first couple of weeks in cinemas, Paul Thomas Anderson's One Battle After Another is very clearly the betting favorite to win Best Picture at the Academy Awards. It has star power, it's a combustible plot, and it could have serious legs.

But Josh Safdie's Marty Supreme debuted at the New York Film Festival and was extremely warmly received, and it shot up from +1400 to +800 in less than 24 hours. It has hovered in that range since, sitting +900 now before its wide release on Christmas Day.

Those will both be nominees at the very least, likely joining Hamnet, Sentimental Value, and Sinners as surefire options in the category. The rest of the field is a little more up in the air, but Wicked: For Good will probably be there, though a win seems far-fetched, and Sorry Baby could squeak in as the little indie that could after being well-reviewed out of Sundance and beyond.

Be careful when navigating these odds, though, as Pressure and Michael probably won't play in theaters this year, while Alpha, Julia Ducourneau's latest body horror opus, may not get much run and was panned out of Cannes.

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Odds to win Best Director

Director DraftKings
Paul Thomas Anderson (One Battle After Another) -280
Chloe Zhao (Hamnet)  +300
Ryan Coogler (Sinners) +700
Joachim Trier (Sentimental Value) +700
Park Chan-wook (No Other Choice) +1200
Yorgos Lanthimos (Bugonia) +1600
Jafar Panahi (It Was Just an Accident) +1800
Bradley Cooper (Is This Thing On?) +1800
Josh Safdie (Marty Supreme) +2500
Hikari (Rental Family) +2500
Noah Baumbach (Jay Kelly) +2800
Jon M. Chu (Wicked: For Good) +2800
Kathryn Bigelow (A House of Dynamite) +2800
Benny Safdie (The Smashing Machine) +3500
Guillermo del Toro (Frankenstein) +3500
Paul Greengrass (The Lost Bus) +3500
Kleber Menconca Filho (The Secret Agent) +4000
Nia DaCosta (Hedda) +5000
James Cameron (Avatar: Fire and Ash) +5000
Richard Linklater (Nouvelle Vague) +6500
Edward Berger (Ballad of a Small Player) +6500
Ronan Day-Lewis (Anemone) +6500
Luca Guadagnino (After the Hunt) +6500
Scott Cooper (Deliver Me From Nowhere) +6500
Kogonada (A Big Bold Beautiful Journey) +6500
Derek Cianfrance (Roofman) +6500

The Best Director odds mirror Best Picture's, especially up top, though Josh Safdie hasn't seen the same kind of helium as his film, Marty Supreme, has.

Still, the top four names listed feel like locks, with Safdie a strong fifth option to round out the category. That's especially the case with Kathryn Bigelow's A House of Dynamite receiving tepid, at best, reviews.

Although if Bradley Cooper's Is This Thing On? surprises with critics and audiences, he and the film may be our sleeper candidate.

Odds to win Best Actor

Actor DraftKings
Timothee Chalamet (Marty Supreme) -125
Leonardo DiCaprio (One Battle After Another) +240
Dwayne Johnson (The Smashing Machine) +800
Jeremy Allen White (Deliver Me From Nowhere) +1000
Wagner Moura (The Secret Agent) +1200
Paul Mescal (Hamnet) +1200
Daniel Day-Lewis (Anemone) +1400
Jesse Plemons (Bugonia) +1400
Michael B. Jordan (Sinners) +1600
George Clooney (Jay Kelly) +1600
Ethan Hawke (Blue Moon) +1600
Brendan Fraser (Rental Family) +2500
Matthew McConaughey (The Lost Bus) +2500
Will Arnett (Is This Thing On?) +2500
Vahid Mobasseri (It Was Just an Accident) +2500
Colin Farrell (Ballad of a Small Player) +2500
Joel Edgerton (Train Dreams) +2500
Hugh Jackman (Song Sung Blue) +2500
Sergi Lopez (Sirat) +2500
Austin Butler (Caught Stealing) +2500
Channing Tatum (Roofman) +3500
Lee Byung-hun (No Other Choice) +4000
Tom Hiddleston (The Life of Chuck) +4000
Denzel Washington (Highest 2 Lowest) +4000
Oscar Isaac (Frankenstein) +4000

Best Actor is a deep category, and until Marty Supreme hit the festival circuit, this looked like a Leo DiCaprio vs. Dwayne Johnson showdown. 

Now, Timothee Chalamet has surged to the top spot, and while Johnson will still likely get a nomination, The Smashing Machine bombed at the box office, and it wouldn't be unheard of for him to be usurped by someone like Daniel Day-Lewis or Brendan Fraser.

Odds to win Best Actress

Actress DraftKings
Jessie Buckley (Hamnet) -340
Chase Infiniti (One Battle After Another) +250
Rose Byrne (If I Had Legs I'd Kick You)  +300
Renate Reinsve (Sentimental Value) +500
Cynthia Erivo (Wicked: For Good) +900
Emma Stone (Bugonia) +1000
Amanda Seyfried (The Testament of Ann Lee) +1100
Jennifer Lawrence (Die My Love) +2000
Kate Hudson (Song Sung Blue) +2000
Sydney Sweeney (Christy) +2000
Jodie Foster (Vie Privee) +2500
Mariam Afshari (It Was Just an Accident)  +3500
Laura Dern (Is This Thing On?) +3500
Emily Blunt (The Smashing Machine) +3500
Tessa Thompson (Hedda) +3500
Saja Kilani (The Voice of Hind Rajib) +3500
June Squibb (Eleanor the Great) +3500
Cate Blanchett (Father Mother Sister Brother) +3500
Julia Roberts (After the Hunt) +3500
Eva Victor (Sorry Baby)  +4000
Emma Mackey (Ella McCay) +5000
Olivia Colman (The Roses) +5000

Jessie Buckley is way ahead of the pack for her role in Chloe Zhao's Hamnet, and it might be foolish to try and predict a dark horse.

However, since we last looked at these odds, Chase Infiniti is now listed as No. 2 at +250 for her role in Paul Thomas Anderson's One Battle After Another. That she wasn't even a consideration a month ago in this category - likely expected to be in Supporting Actress - may bode well for her chances.

Rose Byrne and Renate Reinsve are clearly pegged as the next most likely candidates, and they seem more possible than, say, Cynthia Erivo or Emma Stone. That's not a knock on either, but I'd be shocked if Wicked scored an acting award, and while Stone could be nominated, Bugonia figures to be Yorgos Lanthimos' strangest film in years and may be more alienating than Poor Things.

Two names I'm curious about here are Amanda Seyfried and Jennifer Lawrence. Seyfried was hailed for her performance in Mona Fastvold's The Testament of Ann Lee during its festival run, and the film has since been acquired by Searchlight, which will be released in December.

Lawrence is extremely good in Die My Love, Lynne Ramsay's latest, which got mixed reactions out of Cannes, but could see extra life now that more people are seeing the film.

Odds to win Best Supporting Actor

Actress DraftKings
Sean Penn (One Battle After Another) -150
Stellan Skarsgard (Sentimental Value) +175
Paul Mescal (Hamnet)  +350
Jeremy Strong (Deliver Me From Nowhere) +900
Adam Sandler (Jay Kelly) +1200
Benicio Del Toro (One Battle After Another) +1400
Miles Caton (Sinners) +1600
Delroy Lindo (Sinners) +1600
Jacob Elordi (Frankenstein) +1600
Josh O'Connor (Wake Up Dead Man) +1600
Akira Emoto (Rental Family) +1600
Sean Bean (Anemone)  +2000
Jack O'Connell (Sinners) +2000
Bradley Cooper (Is This Thing On?) +2000
Andrew Garfield (After the Hunt) +2000
Jonathan Bailey (Wicked: For Good) +3500
Jacobi Jupe (Hamnet) +5000
Idris Elba (A House of Dynamite) +5000
Dylan O'Brien (Twinless) +5000
Diego Luna (Kiss of the Spider Woman)  +5000
William H. Macy (Train Dreams) +6500
Leo Woodall (Nuremberg) +6500
Ben Foster (Christy) +6500
Andrew Scott (Blue Moon) +6500

Sean Penn and Stellan Skarsgard have been the two most prominent candidates in this category, and the former has surged to favorite status in the last couple of months.

However, there are plenty of potential options further down the ballot. Adam Sandler already has articles about whether or not his role in Jay Kelly will finally earn him that elusive Oscar. Paul Mescal, who is listed in Best Actor as well, could be a contender here if Hamnet positions Jessie Buckley as the lead.

Odds to win Best Supporting Actress

Actress DraftKings
Ariana Grande (Wicked: For Good) +100
Teyana Taylor (One Battle After Another) +125
Amy Madigan (Weapons)  +200
Inga Ibsdotter Lilleaas (Sentimental Value) +500
Gwyneth Paltrow (Marty Supreme) +800
Elle Fanning (Sentimental Value) +1000
Emily Blunt (The Smashing Machine) +2000
Wunmi Mosaku (Sinners) +3500
Regina Hall (One Battle After Another) +3500
Glenn Close (Wake Up Dead Man) +3500
Rebecca Ferguson (A House of Dynamite) +4000
Laura Dern (Jay Kelly)  +4000
Jennifer Lopez (Kiss of the Spider Woman) +4000
Hailee Steinfeld (Sinners) +4000
Nina Hoss (Hedda) +5000
Mari Yamamoto (Rental Family) +5000
Kirsten Dunst (Roofman) +5000
Felicity Jones (Train Dreams) +6500
Ayo Edebiri (After the Hunt) +6500

Early reviews for Wicked: For Good haven't been, um, overwhelmingly positive, but it projects to be a massive box office hit. I'm curious about whether or not Ariana Grande's odds will shift after its release.

At any rate, Teyana Taylor seems like a great alternative at +125, especially if One Battle After Another cleans up.

And don't sleep on Amy Madigan for her role as Aunt Gladys from the horror ensemble Weapons. She's currently +200.

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Jason Wilson Covers.com
Betting Analyst

Jason Wilson is an experienced journalist who has worked in a variety of roles within the industry for the past 18 years. Working at community newspapers in New Brunswick, Jason wore many hats as a reporter, editor, and photographer, covering everything from sports to courts to municipal politics. After shifting gears and working as an educator for a few years in the 2010s, Jason returned to full-time work in media as an MLB news editor for six years at theScore in Toronto before joining Covers in late 2021.

He has honed his editorial acumen over his years in the industry, showcasing flexibility, patience, and a strong work ethic. While he was relatively new to sports betting upon joining Covers, Jason has taken the plunge with gusto to learn the ins and outs of the industry, both as a method to improve professionally and to add an extra angle to his sports fandom.

In addition to sports, Jason is an avid film nut and former movie critic who monitors the Academy Awards betting odds for Covers. Jason holds a Bachelor of Arts in journalism degree and a Bachelor of Education degree from St. Thomas University.

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