Leading online betting firm, Sky Bet, has unveiled its full list of Oscars betting markets following the announcement of the 84th Academy Awards nominations on Tuesday, January 24.

Black and white silent movie, ‘The Artist’, which last week picked up the Producers Guild Award and also won the Golden Globe for Best Comedy/Musical, is Sky Bet’s clear favorite to win Best Picture at 2/7, with the odds having been cut from a pre-Christmas 2/1.

The French tribute to the silent movie has ten Oscar bids, although it was beaten by Scorsese’s 3D charmer ‘Hugo’, which received 11 nods. This augurs well for its Best Picture hopes as the most nominated film has taken the top prize 15 times in the last 20 years, and Sky Bet makes ‘Hugo’ a 10/1 shot behind Golden Globe Best Drama champion, ‘The Descendants’ (4/1).

‘The Artist’ dominates several other categories with its helmsman, Michel Hazanavicius, as an odds-on favorite (8/13) to win Best Director and its leading man, Jean Dujardin, second in the Best Actor betting at 2/1. George Clooney is a hot favorite at 2/5 to take home the lead actor gong for his performance in the comedy-drama, ‘The Descendants’. Gary Oldman picked up his first ever Oscar nomination for ‘Tinker, Taylor, Soldier, Spy’ and is quoted at 33/1.

Double Oscar winner and 17-time nominee, Meryl Streep, is the short-priced favorite at 1/2 to scoop a third gong for her portrayal of Margaret Thatcher in ‘The Iron Lady’. Viola Davis is her nearest rival for Best Actress at 9/4, with ‘My Week with Marilyn’ star, Michelle Williams, another threat at 11/4.

Sky Bet’s Oscars betting expert, Helen Jacob, said, “The Artist seems way ahead of its rivals in the race to win the top Oscar. ”Other categories, however, are not so clean-cut, with the battle for best actress between Meryl Streep and Viola Davis looking particularly close.”

For Best Supporting Actor, Christopher Plummer (‘Beginners’) is at 1/12, and Octavia Spencer is at 1/8 (‘The Help’) and looks to have the Best Supporting Actress category sewn up.

Sky Bet is also offering a host of novelty special bets on the Oscars ceremony itself, which takes place at the Kodak Theatre in Hollywood on Sunday, February 26.

Veteran actress, Meryl Streep, accidentally swore onstage at the Globes and Sky Bet goes 7/2 that the Oscars best actress winner turns the air blue again in her acceptance speech. It is even money that the best actress cries during her speech, and 10/1 that any recipient’s address consists of a single ‘Thank you!’

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