January 17, 2026 10:35 am EST

The odds on the favorites, per a mathematical formula that factors in awards season data and historical trends.

It might feel as if this year’s best picture race was over before it began. Paul Thomas Anderson’s One Battle After Another earned top honors from the Critics Choice, the Golden Globes, and a host of critic circles, not to mention key nominations from the Directors Guild, Producers Guild, Screen Actors Guild, and many others.

But before tuning out of this year’s race, and this 13th annual mathematical prediction of the Oscars nominees, keep in mind that all of the following films notched every single honor mentioned in the previous paragraph: Sense and Sensibility, Saving Private Ryan, Sideways, Brokeback Mountain, The Social Network, Boyhood, and Once Upon a Time in Hollywood. None of them won best picture at the Oscars. In truth, what One Battle has is not a guarantee but a probability.

What probability, exactly? That’s where I come in. We’ll get to the odds of winning each category in March, but for now, we can calculate the odds that every potential nominee gets invited to the ceremony. My model combines all of the information we have on awards season thus far – weighting each input by how predictive it has been in the past in each category – to give us a sense of the race. Since the Academy expanded to 10 best picture nominees, an average of 9/10 of the top candidates in this model went on to hear their name called; we’ll see how this year’s probabilities do.



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