Oscars Odds: Has Kristen Stewarts' Casting As Princess Diana Affected The 'Best Actress' Market?

Following the news today that Kristen Stewart would play the iconic Princess Diana in an upcoming film, we've taken a look at the betting market for the Oscar for 'Best Actress' to see if these developments have had an effect.

Before this news broke, Kristen Stewart hadn't even been added to the market by oddsmakers, such was her longshot status. However, as of this morning she has been added and already find herself in the top ten with odds of +2000. This figures indicates an implied probability of 4.76% that she will win the Oscar for Best Actress.

Given that she has only been on the book for a numebr of hours, she has attracted very little attention so far, with the lion's share of bets going on the overwhelming favorite Glenn Close.

Close's price of -900 puts her significantly clear of the rest of the field with an implied chance of 90%, and she currently accounts for 28% of wagers placed on the market.

Next up is Olivia Coleman who is being well-supported to win back-to-back awards at +550; she has 23% of bets so far. These two are then followed by Lady Gaga (+1400) who currently accounts for 22% of the market share.

As aforementioned, Kristen Stewart is thus far not proving to be a tempting pick for punters; However, given that this news having only broke this morning and with plenty of time between now and next April, we can certainly expect to see some activity on this market, especially if she delivers a stellar performance in what could be a career-defining role for the Californian.