Precious Odds to Win Oscar for Best Picture Upset

While all the talk about Best Picture has been limited to Avatar and The Hurt Locker (both at even odds), savvy gamblers are starting to believe an Oscar upset is in order.  Precious odds were listed at 18/1 at Sportsbetting.com early Sunday (see odds here)  Those odds would pay out $180 for every $10 bet!

And there is good reason to believe an upset is in order when it comes to Precious.

The film, a harrowing tale of an incest survivor's struggle for self-acceptance, swept the Spirit Awards on Friday, taking home five prizes at the independent film world's version of the Oscars.

"This is certainly an indicator of the voters mindset coming into Sunday night's Oscars," commented Payton O'Brien, Senior Editor of the Gambling911.com website, noting that Precious had indeed been the early frontrunner. 

Mo'Nique also took home an award for Best Supporting Actress and she is the huge favorite to win the Oscar in that category as well. 

Gabourey Sidibe took home the Best Actress award.  She is somewhat of a long shot to win in that category Sunday night, however, that particular race is tight, mostly focused on Meryl Streep and the slight favorite to win Sandra Bullock.

Lee Daniels, accepting his award for best director, indicated it might be his last time at the podium during awards season.

"Kathryn Bigelow's not here tonight. I am," a tearful Daniels said, referring to the "Hurt Locker" director, who is the favorite to win the Oscar.

Backstage he said, "We've won already," when asked about his Oscar chances. The film, a testament to the struggle that filmmakers undergo every day, received six Oscar nominations.

Each year, a handful of Spirit winners usually go on to earn Oscars thanks in part to the success of low-budget films.

But this year's top Oscar race appears to be a showdown between the mega-budget sci-fi extravaganza Avatar and the indie war drama The Hurt Locker.

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Jordan Bach, Gambling911.com