The largest non-Casino related online betting event is coming soon this year.  What is touted as the most prestigious entertainment and motion picture awards, the Academy Awards will be going on its 78th year.  As usual, all the best of the best in the film industry will be in attendance, with certain nominations already sitting as shoe-ins.

This is precisely why betting sites online are already taking bets and posting odds on nomination contenders, in categories like Best Picture, Best Actress, Best Actor and Best Director.  Best Picture has always been the most popular of the bets, for it can be quite predictable, depending on that years particular line-up of nominations.

Already receiving odds are films like North Country, Kings Men, Capote, A History of Violence and The Constant Gardener.  Although these all have relatively similar odds for winning (at least according to certain online betting sites) the best bet right now is Cinderella Man, which is the 6 to 1 favorite.  With a star cast of Russell Crow and Rene Zellweger, this picture could be hard to beat.  However, there are several more films still waiting to be released, which always does put a spin on things.

To get the best paying odds on some almost certain nominations, now is the best time to place futures bets at leading betting sites online.  Casinobook.com is one such site posting online odds for the Academy Awards.  They will change quick as more films are released and betting patterns begin to develop.