The 97th Academy Awards are still months away and while some of the Best Picture contenders are starting to come into focus, this is the most wide-open Oscars odds race in years.
As the biggest movies hit the biggest screens, critics awards get announced, and best-of lists roll out, we will start to get a feel for which films will be in the running come Oscar night on Sunday, March 2.
Let's look at the current Best Picture odds for the 2025 Academy Awards.
2025 Oscars Best Picture odds
| Film |  |
 |
|---|---|---|
| Anora | +175 | +225 |
| The Brutalist | +200 | +162 |
| Emilia Perez | +700 | +600 |
| Sing Sing | +700 | +600 |
| Wicked | +900 | +1,000 |
| Conclave | +1,000 | +800 |
| Dune: Part Two | +1,000 | +700 |
| Blitz | +1,400 | +900 |
| The Room Next Door | +1,600 | +1,200 |
| Saturday Night | +2,000 | +1,400 |
| Nickel Boys | +2,000 | +2,000 |
| Gladiator 2 | +2,000 | +1,600 |
| The Seed of the Sacred Fig | +2,500 | +2,000 |
| The Piano Lesson | +2,800 | +2,500 |
| A Real Pain | +3,500 | +3,300 |
| Queer | +4,000 | +2,000 |
| September 5 | OTB | +3,300 |
| Small Things Like These | +4,000 | +3,300 |
| All We Imagine as Light | +4,000 | +3,300 |
| A Different Man | +4,000 | +3,300 |
| A Complete Unknown | +4,000 | +3,300 |
| The Supremes at Earl's All-You-Can-Eat | +4,000 | +3,300 |
| Love Lies Bleeding | +4,000 | OTB |
| Juror No. 2 | +4,000 | +3,300 |
| The Outrun | +5,000 | +3,300 |
| Oh, Canada | +5,000 | +3,300 |
| Nosferatu | +5,000 | +4,000 |
| Maria | +5,000 | +3,300 |
| Kinds of Kindness | +5,000 | +4,000 |
| Shirley | +5,000 | OTB |
| Bird | +6,500 | +4,000 |
| The Bikeriders | +6,500 | +6,600 |
| We Live in Time | +6,500 | +5,000 |
| The Beast | +8,000 | +5,000 |
| Hard Truths | +8,000 | +6,600 |
| Joker: Folie a Deux | +10,000 | +3,300 |
| Challengers | +10,000 | +6,600 |
| The Substance | +10,000 | +6,600 |
| Will and Harper | +10,000 | +4,000 |
Odds as of 12-4-24.
Anora (+225)
Sean Baker has long been an indie darling, receiving accolades for his films chronicling life on the margins of American society from Tangerine to The Florida Project to Red Rocket. Anora may be his mainstream breakthrough (no, I'm not counting his adult puppet sitcom Greg the Bunny) after it won the Palme d'Or at Cannes in June and proceeded to bowl over critics and audiences during festival season and its limited theatrical release.
It's genuinely funny and heartfelt while also maintaining a bubbling intensity and emotional beats, juggling tones as it follows young stripper Annie (or, the titular Anora) as she falls for the son of a Russian oligarch whom she marries on a whim, setting off a series of madcap moments as her new husband's family rallies the troops to get the union annulled.
It doesn't scream "Oscars" but in such an idiosyncratic year, an off-beat winner might make sense.
The Brutalist (+200)
In June, Brady Corbet's 3.5-hour epic The Brutalist wasn't on anyone's radar. By the end of summer, as it started rolling through film festivals, people started to take notice. It's now gearing up for a theatrical run in late December after A24 purchased its distribution rights out of Venice.
The movie has received accolades throughout festival season, particularly for lead actor Adrien Brody and supporting actor Guy Pearce, as the film follows a Jewish architect who survives World War II and emigrates to the United States.
The New York Film Critics Circle named The Brutalist best film, also awarding Brody for his performance. Its length has been a hot topic on social media, but it remains to be seen if it will be a deterrent (Oppenheimer won Best Picture last year despite being over three hours in length).
Sing Sing (+1,000)
After a small release in the summer, Sing Sing looked like it might be dead in the water come awards season without A24's full-throated endorsement. It was a peculiar rollout, as it still did very well on a per-screen basis.
It will apparently receive a re-release in late December after Colman Domingo and Clarence Maclin won Outstanding Lead Performance and Outstanding Supporting Performance, respectively, at the 2024 Gotham Awards.
It wouldn't be shocking if it jumped into frontrunner status as more people see the intimate film of incarcerated men finding peace and meaning on the stage.
Wicked (+1,000)
If box office is indicative of awards presence, Wicked will win. The adaptation of the Broadway musical crushed its opening weekend by earning north of $112 million. Twelve days into its run, it's earned nearly $270 million in the United States and another $100 million internationally.
It will certainly be the biggest non-sequel of the year, in terms of overall receipts. This doesn't mean it will translate to a Best Picture win, but I would be surprised if it isn't one of the 10 nominees.
Conclave (+1,000)
Similar to Wicked insofar as it feels somewhat classical compared to a lot of the movies atop the odds board this year. Conclave is a potboiler surrounding an election to determine the new pope after the current one dies. There is a mystery element and a thriller element at play, and it's been received relatively well critically while turning a modest profit at the box office.
For now, it doesn't feel like it has the juice to win but it will likely be a nominee.
Prediction: TBD
This is perhaps a cop-out, but I am not prepared to offer an official prediction insofar as it would be a wager I'm willing to place. The above five films are all movies I'm comfortable predicting will be among the 10 nominees for Best Picture, though, so take it for what it's worth.
If I had to pick one right now to take a flier on, it'd be Wicked. I doubt it stays at 10/1 for long and it would be the biggest crowd-pleaser on the list in what is perceived by some to be a soft year, especially compared to 2023 when we had Oppenheimer and Barbie headlining.
