Set on a 1920s Montana ranch, "The Power of the
Dog" has already scooped trophies this awards season including
best film and director for Jane Campion at the British Academy
Film Awards.
It has 12 Oscar nominations including for Campion and star
Benedict Cumberbatch in the best directing and leading actor
categories respectively.
However, "CODA" has also triumphed, claiming the top honours
from the Producers Guild and Screen Actors Guild.
"If you'd asked us a week ago, 'The Power of the Dog' would have
been pretty much a shoo-in to win...but such was the success of
'CODA' at the Producers Guild of America Awards last weekend...a
lot of punters have jumped on 'CODA'," Alex Apati, PR Manager at
bookmaker Ladbrokes, told Reuters.
"It was 12/1 at the start of the month and it's now as short as
11/10. So it's pretty much a two-horse race."
He added that in the last four years, the best picture winners
had been second favourites.
Bookmaker Paddy Power has odds of 8/11 for "The Power of the
Dog" followed by "CODA" with 11/10.
Campion is the first woman to be nominated twice for best
director and has been the frontrunner to win after picking up
numerous awards already.
Ladbrokes have odds of 1/25 for her while Paddy Power has 1/40.
Will Smith is favourite to win best actor for playing the father
of tennis champions Venus and Serena Williams in "King Richard".
"He's 1/8, a massive odds on favourite," Apati said. "It finally
looks like it's going to be Will Smith's time."
Less clear is the leading actress category where past winners
Nicole Kidman, Olivia Colman and Penelope Cruz will compete
against Jessica Chastain and Kristen Stewart.
"(This category) is probably going to be the closest race,"
Apati said. Chastain, nominated for "The Eyes of Tammy Faye", is
leading with odds of 8/11.
Japanese movie "Drive My Car" is seen as the frontrunner for
international feature film.
(Reporting by Sarah Mills, additional reporting by Marie-Louise
Gumuchian; Editing by Emelia Sithole-Matarise)
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