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The Oscars, which are also commonly known as the Academy Awards, celebrate the best of the film industry and take place on an annual basis.
There are 24 award categories and it is one of the most talked about events of the year. It has been televised every year since 1953 and honours films released in the United States during the previous 12 months.
The 2019 Oscars is the 91st staging of the event and will be held at the Dolby Theatre in Hollywood, Los Angeles, on Sunday, February 24.
The event has been hosted for the last two years by Jimmy Kimmel. Previous hosts have included Chris Rock, Hugh Jackman and Ellen DeGeneres.
Kevin Hart was initially chosen to present the 2019 awards, but a row over historic homophobic remarks made by the actor/comedian forced him to withdraw.
The Academy is now planning a roster of high-profile presenters, including actors from the Marvel franchise.
The nominations are due to be announced on January 22 and in-depth Oscars betting markets will be formed shortly afterwards. There are traditionally five nominees in each category and the winner is announced on the night.
The Academy of Motion Pictures and Sciences (AMPS) are sent the nominations and each of their 7,000 members vote for their favourites. Voting is conducted via paper votes and ballots and every member is entitled to one vote per category.
Oscars betting will be properly formulated once the nominations have been announced and they are always tremendously popular betting markets. Here at BettingTop10, we take a look at each of the main categories and offer our Oscars predictions.
A Star is Born has been widely tipped to scoop this sward, but Bradley Cooper’s magnificent directorial debut faces stiff competition from elsewhere. Roma, Green Book and Bohemian Rhapsody are all prominent in the betting, while First Man, If Beale Street Could Talk, Black Panther, Vice and BlacKkKlansman are other possible contenders.
Alfonso Cuaron is a big favourite to take the best director accolade, but Cooper could give him a run for his money for his efforts with A Star is Born. Damien Chazelle (First Man), Spike Lee (BlacKkKlansman) and Adam McKay (Vice) are others worth noting in the betting market.
Cooper seems sure to be amongst the front-runners, but Christian Bale (Vice) and Rami Malek (Bohemian Rhapsody) have both been backed heavily in this market. Ryan Gosling (First Man), Viggo Mortensen (Green Book) and Lucas Hedges (Boy Erased) have also been tipped to shine in this category.
Lady Gaga (A Star is Born) was the early favourite to win the best actress award, but Glenn Close (The Wife) has attracted plenty of support in the run-up to the event. Viola Davis (Widows), Olivia Colman (The Favourite) and Yalitza Aparicio (Roma) are also in with a shout.
Best Supporting Actor
If the chief protagonists from A Star is Born are successful in their respective categories, it would be safe to assume that Sam Elliott will be a strong contender to be crowned best supporting actor. Timothee Chalamet (Beautiful Boy), Mahershala Ali (Green Book) and Richard E. Grant (Can You Ever Forgive Me) should also be in contention.
Best Supporting Actress
This category could turn into a three-way battle between Amy Adams (Vice), Regina King (If Beale Street Could Talk) and Claire Foy (First Man). Preference is for the former, while Nicole Kidman (Lion) looks a lively outsider.
Best Original Screenplay
Vice, The Favourite, Green Book and Roma are likely to be contenders in what appears to be a tough category. Bohemian Rhapsody, Isle of Dogs, The Ballad of Buster Scruggs and Eighth Grade are other movies worth following in the betting.
Best Adapted Screenplay
If Beale Street Could Talk, BlacKkKlansman and First Man should be in the running to claim this award, although Widows, Boy Erased, Mary Queen of Scots are amongst a host of other films that could receive a nomination.