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- Leonardo DiCaprio’s next film One Battle After Another is the 5/1 favourite for Best Picture at the 2026 Oscars.
- The 98th Academy Awards take place in March 2026, with nominations expected in January.
- Early odds include major titles like Avatar: Fire and Ash, Wicked: For Good, and Frankenstein.
Early Oscars Buzz Puts DiCaprio Drama on Top of Best Picture Betting
With awards season still months away, bookmakers are already pricing up the early frontrunners for Best Picture at the 2026 Oscars and it’s a new Leonardo DiCaprio movie who leads the way.
His upcoming black-comedy One Battle After Another is the 5/1 favourite with William Hill, as anticipation builds for the 98th Academy Awards, set for March 2026.
Also in the early mix are fantasy blockbuster sequels and big-budget adaptations, pointing to another competitive year between prestige dramas and box office giants.
Latest betting odds on the category gives an implied probability of 16.7% that One Battle After Another wins Best Picture but the market will likely change throughout the year.
| Oscars 2026 Best Picture | Odds | Probability |
|---|---|---|
| One Battle After Another | 5/1 | 16.7% |
| The Ballad of a Small Player | 7/1 | 12.5% |
| Avatar: Fire and Ash | 7/1 | 12.5% |
| Wicked: For Good | 8/1 | 11.1% |
| Frankenstein | 8/1 | 11.1% |
What the expert says...
Can DiCaprio Finally Lead Another Best Picture Winner?
After winning Best Actor for The Revenant in 2016, DiCaprio has yet to headline a Best Picture-winning film since The Departed nearly two decades ago.
With One Battle After Another tipped as a heavy movie with sweeping scale, many are predicting an Oscar-season push built around his performance and the film’s likely directorial firepower.
The market has already changed in the past fortnight with Julia Roberts film After The Hunt favourite previously but now out of the list.
Where to Bet on the Oscars 2026
You can bet on the Oscars 2026 markets now at William Hill and other top bookmakers, with odds available on Best Picture, Best Director, and lead acting categories.
Explore the latest free bets, and visit our best entertainment betting sites guide for more film and TV markets.
