Leonardo DiCaprio Opens as Oscar Favorite at 2024 Academy Awards

  • Leonardo DiCaprio (+200) and Joaquin Phoenix (+200) opened as 2024 Oscar favorites in the Best Actor race
  • Killers of the Flower Moon (+250) and Oppenheimer (+255) are early contenders for Best Picture 
  • The 96th annual Academy Awards will take place in Los Angeles, California in March of next year

Everything Everywhere All at Once dominated the 95th annual Academy Awards, taking home Best Picture and three wins in the acting categories. While this year’s most-anticipated films haven’t even premiered in cinemas yet, oddsmakers have already released early betting futures for the 2024 Oscars.

Let’s take a look at the opening Oscars Betting Odds for Best Actor, Best Actress and Best Picture and make our picks. Here’s also where you can check out the top betting sites for Entertainment in 2023.

2024 Best Actor Oscar

Leonardo DiCaprio (Killers of the Flower Moon)+200
Joaquin Phoenix (Beau is Afraid)+200
Colman Domingo (The Color Purple)+250
Cillian Murphy (Oppenheimer)+300

Can Leo win another one?

Leonardo DiCaprio (+200) has called Martin Scorsese‘s new film, Killers Of The Flower Moon, “a masterpiece.” If he’s right, the 48-year-old could be in line for his second-career Best Actor Oscar after winning for The Revenant in 2016. Following his Joker triumph in 2020, Joaquin Phoenix (+200) is also in the mix for his second Academy Award. Phoenix plays the lead in Beau is Afraid, a new comedy-horror from Ari Aster, director of Hereditary and Midsommar.

The only other actors on the board are Colman Domingo (+250), for the musical adaptation of The Color Purple. And Cillian Murphy (+300), who plays the titular role in Oppenheimer, Christopher Nolan’s upcoming movie on the Manhattan Project.

2024 Best Actress Oscar

Emily Blunt (Oppenheimer)+200
Carey Mulligan (Maestro)+205
Fantasia Barrino (The Color Purple)+225
Margot Robbie (Barbie)+325

A nod for Margot Robbie?

Emily Blunt (+200) opened as the favorite for Oppenheimer. While the British actress is excellent in everything, it’s unlikely she or Murphy wins an acting prize for a big-budget summer blockbuster. Carey Mulligan (+205) was robbed of a Best Actress award in 2020 for Promising Young Woman. Perhaps she’ll have better luck this year with Maestro, a film starring, co-written and directed by Bradley Cooper.

The role of Barbie doesn’t seem like Oscar bait at first glance, but don’t count out Margot Robbie (+325) just yet. The film is directed by Greta Gerwig, who picked up Best Screenplay nominations for Lady Bird (2018) and Little Women (2022).

Leonardo DiCaprioBest Actor
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Carey MulliganBest Actress
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2024 Best Picture Oscar

Killers of the Flower Moon+250
The Color Purple+325
Asteroid City+600
The Killer+600
Dune: Part Two+750

Top Academy Award favorites

Killers of the Flower Moon (+250), Oppenheimer (+255) and The Color Purple (+325) are the top contenders for Best Picture, as all three are probably locks to be nominated.

Scorsese’s film catalog has already earned him 20 wins and 91 nominations. Nolan’s blockbusters are always recognized for Visual Effects and receive courtesy Best Picture nods. And the original Color Purple movie was nominated for 11 Academy Awards.

Other early contenders

Asteroid City (+600) is the latest flick from Wes Anderson. While the legendary director usually picks up Oscar nominations for the weird visual worlds he creates, an Academy Award is almost out of the question at this point. Same goes for Dune: Part 2 (+750), which is more likely to compete with Oppenheimer for the VFX awards.

All this to say, it’s likely too early to bet on any of these movies, especially with only six available to wager on. However, David Fincher’s The Killer (+600) at least offers worthwhile odds as he’s already been nominated for Best Director three times previously.

The KillerBest Picture
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Steve Starr

Steve is the quintessential American sports enthusiast. He has mastered the art of Sundays, devoting them to football, and barbecue parties. He proudly wears the hats of a good father, husband and a great dog owner. Aside from his decades of contributing to different top-tier sports publications, Steve has also found his niche on Twitter, where he publishes funny and relatable sports-related insights. When he's not busy tweeting, Steve loves to watch each game unfold live. He possesses an innate talent for finding humor in the sports world, appreciating both the thrilling moments and the comedic mishaps that make each event unique.