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We look at the latest 2025 Oscars odds.
Karren Karagulian, Alex Coco, Sean Baker, Mikey Madison, Samantha Quan, Mark Eydelshteyn, Yura Borisov, and Vache Tovmasyan of "Anora" celebrate their win for Best Feature at the 2025 Film Independent Spirit Awards. Photo By Sthanlee B. Mirador via Sipa USA.

All of the prerequisite award shows have officially come and gone, and only the Academy Awards remain.

With the main event taking place tonight, we're looking at the latest Oscars odds and favorites for the 2025 spectacle. You can download our FREE printable Oscars ballot and use these picks to help with your Oscars pool.

Without an "Oppenheimer" in the mix, the odds have been shifting through awards season, but we may finally have a clear picture of what to expect on tonight at 7 p.m. ET from Dolby Theatre in Los Angeles.

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🎬 Oscars Best Picture odds 2025

Here are the latest Oscars odds via DraftKings to win Best Picture

FilmOddsImplied ProbabilityProfit on $10 Bet
Anora-20066.67%$5
Conclave+22530.77%$22.50
The Brutalist+60014.29%$60
A Complete Unknown+35002.78%$350
Wicked+50001.96%$500
Emilia Perez+65001.52%$650
The Substance+80001.23%$800
I'm Still Here+100000.99%$1,000
Dune: Part Two+100000.99%$1,000
Nickel Boys+150000.66%$1,500

🏆 2025 Oscars Best Picture betting favorites

When the nominees were announced, "Emilia Perez" served as the second-biggest favorite at +340 odds, behind only "The Brutalist."

However, it was dealt a major blow via resurfaced tweets made by its star, Karla Sofia Gascon, and it's essentially been eliminated from the competition across almost all of the 13 awards it was nominated for (it doesn't help that the film was never very good to begin with).

That's not the only change atop the oddsboard, as "Anora" has vaulted into the top spot, but "Conclave" follows closely behind following its win at the SAGs.

You can basically ignore every film at +3500 or longer and opt for one of the big three if you plan to bet on this award. Personally, I'm riding with "Conclave" at +225 odds.

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🎥 Oscars Best Director odds 2025

Here are the latest Oscars odds via FanDuel to win Best Director

DirectorOddsImplied ProbabilityProfit on $10 Bet
Sean Baker (Anora)-24070.59%$4.17
Brady Corbet (The Brutalist)+16038.462%$16
Jacques Audiard (Emilia Perez)+24004%$240
Coralie Fargeat (The Substance)+31003.13%$310
James Mangold (A Complete Unknown)+31003.13%$310

🏆 2025 Oscars Best Director betting favorites

"The Brutalist" has watched its lead slip across both of the major markets, as director Brady Corbet moved from a -320 favorite to +145. He's now trading behind Sean Baker, who directed "Anora."

As was the case with Best Picture, you can safely ignore the three directors trading behind the top two. So, it comes down to Baker and Corbet.

If you believe "Anora" will win Best Picture, then maybe you want to bet on a split, and, therefore, back Corbet for Best Director. However, that split can also happen if "Conclave" wins Best Picture and Baker wins Best Director. Or "Anora" can simply win both.

It's tricky to navigate, but I think we'll see Baker get rewarded here for his very R-rated take on the classic Cinderella story.

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🎭 Oscars Best Actor odds 2025

Here are the latest Oscars odds via BetMGM to win Best Actor

ActorOddsImplied ProbabilityProfit on $10 Bet
Adrien Brody (The Brutalist)-25071.43%$4
Timothee Chalamet (A Complete Unknown)+16038.46%$16
Ralph Fiennes (Conclave)+14006.67%$140
Sebastian Stan (The Apprentice)+33002.94%$330
Colman Domingo (Sing Sing)+33002.94%$330

🏆 2025 Oscars Best Actor betting favorites

This appeared to be Adrien Brody's award to lose for almost the entirety of awards season, and then the SAGs happened.

In the last 10 years, only two actors have won at the SAGs and not followed that up with the win at the Oscars (Denzel Washington in 2017 and Chadwick Boseman in 2021). So, despite being the second-biggest favorite, history is on the side of Timothee Chalamet.

Brody still has a very strong case to win the award, and the fact that his odds have shortened from -190 to -250 since the nominees were announced further illustrate that. However, Chalamet has been the one campaigning, which the Academy loves.

Between his activity during awards season, his win at the SAGs, and the fact that we're getting $16 in profit on a $10 bet vs. $4 for Brody, I'm putting my money on Chalamet.

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🎭 Oscars Best Actress odds 2025

  Here are the latest Oscars odds via Caesars to win Best Actress

ActorOddsImplied ProbabilityProfit on $10 Bet
Demi Moore (The Substance)-25071.43%$4
Mikey Madison (Anora)+20033.33%$20
Fernanda Torres (I'm Still Here)+9509.52%$9.50
Cynthia Erivo (Wicked)+35002.78%$350
Karla Sofia Gascon (Emilia Perez)+35002.78%$350

🏆 2025 Oscars Best Actress betting favorites

I'll start by saying that it's just rude to have Cynthia Erivo, who was outstanding in "Wicked," trading at the same odds as Gascon - who was not only bad in "Emilia Perez" and never belonged in this conversation to begin with but now has, of course, killed the film's awards campaign.

However, the real story here is the battle between up-and-comer Mikey Madison and Hollywood veteran Demi Moore, who finally earned her first Oscars nominated 44 years after making her feature-film debut.

Moore serves as the big favorite after beating out Madison at the SAGs, and her odds have moved from -140 to -250 since the nominees were announced. As PR expert Lynn Carrat told SBR earlier this month, a win for Moore at the Oscars would be a real "turning point" for actresses over 40 years old in Hollywood.

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🍿 Oscars expert picks

🌍 Oscars Best International Film odds 2025

Here are the latest Oscars odds via bet365 to win Best International Film

ActorOddsImplied ProbabilityProfit on $10 Bet
I'm Still Here-22569.237%$4.44
Emilia Perez+16238.17%$16.20
Flow+16005.88%$160
The Seed of the Sacred Fig+25003.85%$250
The Girl With The Needle+25003.85%$250

🏆 2025 Oscars Best International Film betting favorites

Now, "Emilia Perez" still serves as the second-biggest favorite, but it was less than one full month ago when it was the runaway favorite in this category.

In the end, Zoe Saldana being crowned Best Supporting Actress is likely the only award the film will win, as Gascon has truly poisoned what was already a universally disliked film.

"I'm Still Here" should have been the favorite before the controversy, but now it's where it belongs after trading at +450 shortly after the nominees were announced. Of course, markets featuring "Emilia Perez" high up the oddsboard have moved drastically during the last month, and this is perhaps the greatest example of that.

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🎭 Oscars Best Supporting Actor and Best Supporting Actress odds 2025

Here are the latest Oscars odds via DraftKings to win Best Supporting Actor and Best Supporting Actress

ActorOddsActressOdds
Kieran Culkin (A Real Pain)-3500Zoe Saldana (Emilia Perez)-2500
Edward Norton (A Complete Unknown)+1100Ariana Grande (Wicked)+800
Yura Borisov (Anoa)+1800Felicity Jones (The Brutalist)+1400
Jeremy Strong (The Apprentice)+2000Isabella Rossellini (Conclave)+2000
Guy Pearce (The Brutalist)+2000Monica Barbaro (A Complete Unknown)+2500

🏆 2025 Oscars Best Supporting Actor and Best Supporting Actress betting favorites

As you can see, Kieran Culkin and Zoe Saldana are runaway favorites, as their odds suggest a 97.22% and 96.15% implied probability of winning, respectively.

Of the two, by both the odds and based on my own analysis, Saldana is the more likely candidate to lose. The only argument against Culkin is that he really is the lead in "A Real Pain."

The argument against Saldana is that she's simply not that great in "Emilia Perez," or at least not as good as Ariana Grande is in "Wicked."

Additionally, much of her success this awards season has been thanks to the campaign surrounding the film. But could the aforementioned controversy cause even her to lose? It's unlikely, but that's something to keep in the back of your mind during these next couple of days.

🎵 Oscars Best Original Song odds 2025

Here are the latest Oscars odds via FanDuel to win Best Original Song

SongOddsImplied ProbabilityProfit on $10 Bet
El Mal (Emilia Perez)-31075.61%$3.23
The Journey (Six Triple Eight)+37021.28%$37
Never Too Late (Elton John: Never Too Late)+11008.33%$110
Mi Camino (Emilia Perez)+14006.67%$140
Like a Bird (Sing Sing)+29003.33%$290

🏆 2025 Oscars Best Original Song betting favorites

This is the market that perplexes me the most.

First, "El Mal" is a horrible song. Like truly, truly horrible. It's insulting to Spanish speakers especially, but also to anyone else with ears. Secondly, Gascon "sings" on it with Saldana, so I wonder how it remains the favorite when seemingly any other market directly involving her has been shifting drastically.

Third, can Dianne Warren finally get some respect at the Oscars? She's been nominated for a whopping 16 Academy Awards, including nominations for Best Original Song for the last eight straight years. 

Warren is responsible for some of the significant songs made for film of the 1990s, including "How Do I Live" (for "Con Air"), and "I Don't Want to Miss a Thing" (for "Armageddon"). It'll be a crime if she loses again.

🏆 2024 Oscars betting results

CategoryOscar winnerClosing odds
Best PictureOppenheimer-5000
Best DirectorChristopher Nolan-3000
Best ActorCillian Murphy-1000
Best ActressEmma Stone+190
Best Supporting ActorRobert Downey Jr.-2400
Best Supporting ActressDa'Vine Joy Randolph-2000

💡 How to bet on the Oscars

Odds for the 2025 Oscars are available at our best sportsbooks. It's worth checking out our best sportsbook promos to see which bonus offers you can take advantage of when betting on the Oscars, and don't miss our guide for how to bet on the Oscars!.

Once you've chosen your favorite of our best sportsbooks, navigate to the section that includes Oscars 2025 odds. It may be listed under Entertainment or can be found by searching "Oscars" at your preferred sportsbook.

DraftKings had its own "Academy Awards" section last year, where you could find various betting markets available including Best Picture, Best Director, Best Lead Actor, and Best Lead Actress, among others. 

Review the odds for each award and consider factors such as past winners, the name value of a given nominee, and the release date of a film. This information can help inform your betting decisions. Once you've selected your bet, enter the stake amount (the amount of money you want to wager) and confirm your bet.

It's essential to remember that betting on the Oscars or any sports event involves risk. Set a budget for yourself and gamble responsibly. Go and watch some movies, and may your bet be a winning one!

❓ Oscars FAQs

When are the Oscars?

The 2025 Oscars will take place Sunday, March 2, beginning at 7 p.m. ET.

Where are the Oscars?

The Oscars are held at Dolby Theatre in Los Angeles.

Who's hosting the Oscars?

Comedian Conan O'Brien is set to host the 2025 Oscars.

How to watch the Oscars

The 2025 Oscars will be broadcast on ABC.

🍿 Best Oscars betting sites

Looking to bet on the Oscars? Here are our best betting sites as determined by our expert team at Sportsbook Review, along with our best sportsbook promos ahead of the Oscars.

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