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Oscars Odds: The Power of the Dog Favored to win Best Picture, But CODA is Most Popular Pick

Oscars odds and betting breakdown for Best Picture. The Power of the Dog is the odds-on favorite to win Best Picture at the 2022 Oscars, but it's CODA that is far and away the most bet film.
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We're less than a week away from the 2022 Oscars and that means, more than ever, Oscars odds are starting to come into the forefront.

You can bet on tons of different awards, from Best Animated Film to Best Screenplay, but the most anticipated Oscars odds and award announcement comes to us from the Best Picture category at this year's show.

This year's favorite, to the point where it is now odds-on to win Best Picture, is The Power of the Dog. The film, which features Benedict Cumberbatch, Kirsten Dunst, Jesse Plemons and Paul Dano, has had an extremely successful awards season, and its Oscars odds have reflected just that. However, it is another film that is the most popular pick among bettors to win Best Picture.

CODA, which doesn't feature the same kind of star power as the cast of The Power of the Dog, is far and away the most-bet option to win Best Picture when it comes to Oscars odds.

So, do we trust oddsmakers or does the betting public know something that we don't? Let's break down the Oscars odds for the 2022 award for Best Picture.

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How to Watch the Oscars

  • Date: Sunday, March 27
  • Time: 8:00 PM ET
  • Location: Dolby Theater (Los Angeles, CA)
  • Hosts: Regina Hall, Wanda Sykes, Amy Schumer
  • How to Watch: Watch Live on ABC

Oscars Odds - Best Picture

As we mentioned earlier, we've actually reached the point in our Oscars odds where we have an odds-on favorite to win Best Picture. That film is The Power of the Dog as it sits at -134 with under a week left until the 2022 Oscars.

At -134, they have an implied probability of 57.3% chance of taking home the award, according to the latest Oscars odds. The problem for The Power of the Dog is they aren't the only film with short odds.

CODA also has extremely short odds to win the Oscar for Best Picture. The film isn't quite odds on, but at +115, CODA's Oscars odds imply they have a 46.5% chance to win.

At this point, it's really a two-horse race when it comes to the Oscars odds for Best Picture. The third favorite, Belfast, is all the way out to +1200. After Belfast is West Side Story at +3300.

MovieBest Picture Odds
The Power of the Dog-134
CODA+115
Belfast+1200
West Side Story+3300
Dune+4000
King Richard+4000
Licorice Pizza+5000
Don't Look Up+6600
Nightmare Alley+10000

Oscars Betting - Best Picture

Even though it's clear that The Power of the Dog is the favorite to win Best Picture, the betting public is riding with the longer odds in CODA.

In the past month, Coda has received more than double the amount of bets to win Best Picture as the Power of the Dog.

In that timespan, 53.07% of all bets ar on CODA to take home the Oscar. Meanwhile, in the last month, 20.45% of bets are on The Power of the Dog

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Brian is a sports journalist with close to ten years of experience in the business. A lifelong Philadelphia sports fan with a passion for all things sports gambling.

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