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- One Battle After Another is the 1/4 favourite for Best Picture at the 2026 Oscars.
- Paul Thomas Anderson is an overwhelming 1/33 favourite for Best Director.
- Sinners is the only close challenger in the Best Picture betting at 11/4.
Oscars Betting Markets Point to One Dominant Film
The 98th Academy Awards take place this weekend and UK betting sites have released the latest odds for some of the biggest categories of the night.
Two of the most closely watched betting markets every year are Best Picture and Best Director and the latest odds from bet365 suggest one film could dominate both awards.
One Battle After Another currently sits as the overwhelming favourite for Best Picture, while its director Paul Thomas Anderson is almost certain in the betting to land the Best Director Oscar.
With just days remaining until the ceremony, the markets suggest that only one or two films remain realistic contenders in the headline categories.
Oscars 2026 Best Picture Odds
According to the latest odds from bet365, One Battle After Another is the clear frontrunner to take home the night’s biggest award.
| Oscars 2026 Best Picture | Odds | Implied Probability |
|---|---|---|
| One Battle After Another | 1/4 | 80.0% |
| Sinners | 11/4 | 26.7% |
| Hamnet | 18/1 | 5.3% |
| Marty Supreme | 40/1 | 2.4% |
| Sentimental Value | 66/1 | 1.5% |
| Bugonia | 100/1 | 1.0% |
| Frankenstein | 100/1 | 1.0% |
| Train Dreams | 100/1 | 1.0% |
| The Secret Agent | 200/1 | 0.5% |
| F1 | 200/1 | 0.5% |
The 1/4 price suggests bookmakers believe One Battle After Another has around an 80% chance of winning Best Picture, putting it comfortably ahead of the rest of the field.
Best Director Market Looks Even More One-Sided
While the Best Picture market still features at least one close challenger, the Best Director betting appears even more decisive.
| Director | Film | Odds | Implied Probability |
|---|---|---|---|
| Paul Thomas Anderson | One Battle After Another | 1/33 | 97.1% |
| Ryan Coogler | Sinners | 10/1 | 9.1% |
| Chloe Zhao | Hamnet | 14/1 | 6.7% |
| Josh Safdie | Marty Supreme | 33/1 | 2.9% |
| Joachim Trier | Sentimental Value | 40/1 | 2.4% |
Paul Thomas Anderson’s 1/33 odds indicate bookmakers see the award as almost certain, with the director widely expected to claim the Oscar for his work on One Battle After Another.
Awards Season Momentum Behind the Favourite
Much of the betting support for One Battle After Another has been driven by its strong performance throughout the awards season.
The film has already collected several major industry honours and nominations, helping establish it as the likely Best Picture winner.
What the expert says...
Where To Bet on the Oscars
Entertainment betting markets such as the Oscars continue to grow in popularity across betting sites.
Bookmakers often offer markets on major awards categories including Best Picture, Best Actor, Best Actress and Best Director.
In the build-up to the ceremony, bettors can also find promotions and free bets linked to the Academy Awards and other entertainment events.
For a wider selection of novelty betting markets, readers can explore the best entertainment betting sites which highlight platforms offering entertainment and awards betting.
