Oscar odds: SLUMDOG, Rourke, Winslet, Cruz are favorites, but Penn, Streep and Tomei are live underdogs!

On Sunday, the Academy Awards will be handed out at the Kodak Theatre in Hollywood, and there are some clear favorites. Slumdog Millionaire, the feel-good Danny Boyle Mumbai opus made for just $14M, is a heavy favorite to win Best Picture. It’s hard to imagine Slumdog missing out on Hollywood’s biggest prize, having won the Golden Globe, the BAFTA Award and just about everything in between.

But, in the world of gambling, you always want to look for value. What are the films and performances with longer odds that would be worth a wager on Sunday? My purpose here is to establish a betting line for each of the six major categories, and then find the value bet in each category.

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Tags: academy awards, alexandre desplat, Amy Adams, amy ryan, angelina jolie
Posted Feb 15th 2009 at 6:29 pm in Entertainment, Featured Story, Steve Mason's Box Office | 5191848 Commentshttp://bighollywood.breitbart.com/smason/2009/02/15/oscar-odds/Oscar+odds%3A+SLUMDOG%2C+Rourke%2C+Winslet%2C+Cruz+are+favorites%2C+but+Penn%2C+Streep+and+Tomei+are+live+underdogs%212009-02-16+02%3A29%3A27Steve+Mason