The movie 'Lincoln', its star Daniel Day-Lewis and director Steven Spielberg are the odds-on favourites to win this year's Academy Awards, it has been revealed.
After Thursday's Oscar nominations were revealed, oddsmakers were quickly calculating the odds for each nominee and, by far, most of them had 'Lincoln' sweeping the awards.
Day-Lewis was rated at 1/8 odds to take home his third Oscar, Spielberg was given 1/4 odds and 'Lincoln' was set at 2/5 odds.
However, there are still a few categories in which oddsmakers expect to see a real horse race, ABC News reported.
Jennifer Lawrence and Jessica Chastain were running neck-and-neck in the best actress race after the nominations were announced.
In the supporting actor race, Day-Lewis' co-star Tommy Lee Jones had a slight edge over Phillip Seymour Hoffman for 'The Master'.
Before it's all over, and the winners' names are read, Bovada will likely rake in tens of thousands of dollars in bets, ranging from a buck to 100 dollars, Kevin Bradley, sportsbook manager for online gambling site Bovada, said.
Most of those wagers will come in the days before the Oscar telecast, when the betting limits might start at 500-1,000 dollars.
The way it works is, if you put down 400 dollars for Spielberg you would gain 100 dollars if he wins. But if you put down 100 dollars for 'Amour' director Michael Haneke, who's ranked at 10/1 odds, and he wins, you could earn 1,000 dollars. (ANI)