Oscars: Favorites, Bets, Worst Cases

Best Picture

Favorite: There Will Be Blood
Bet for: No Country for Old Men
Bet against: Michael Clayton
Worst Case: Juno
Winner: No Country for Old Men

Best Actor

Favorite: Johnny Depp
Bet for: Daniel Day-Lewis
Bet against: Johnny Depp
Worst Case: George Clooney
Winner: Daniel Day-Lewis

Best Actress

Favorite: Laura Linney
Bet for: Julie Christie
Bet against: Cate Blanchett
Worst Case: Marion Cotillard
Winner: Marion Cotillard

Best Supporting Actor

Favorite: Casey Affleck
Bet for: Hal Holbrook
Bet against: Philip Seymour Hoffman
Worst Case: Javier Bardem
Winner: Javier Bardem

Best Supporting Actress

Favorite: Amy Ryan
Bet for: Ruby Dee
Bet against: Amy Ryan
Worst Case: Ruby Dee
Winner: Tilda Swinton

Best Director:

Favorite: Paul Thomas Anderson
Bet for: Joel and Ethan Coen
Bet against: Jason Reitman
Worst Case: Jason Reitman\
Winner: Joel and Ethan Coen