Oscars 2023 predictions: who is favourite to win at Academy Awards - odds for Austin Butler, Top Gun: Maverick

Everything Everywhere All At Once leads nominations for the 2023 Academy Awards, with The Banshees of Inisherin and All Quiet On The Western front also picking up multiple nominations

The Hollywood excitment is high - we officially have our Oscars Class of 2023 after nominations were announced. The announcment was made live from Los Angeles, where the coveted ceremony will take place.

Multiverse comedy drama Everything Everywhere All At Once leads the list with 11 nominations. Other films hoping for Oscars glory includes The Banshees of Inisherin, All Quiet On The Western Front and Top Gun: Maverick, with all films picking up multiple nominations each.

There is also excitment in the acting categories. The 2023 ceremony will see the highest ever number of Asian nominees, with Stephanie Hsu, Michelle Yeoh, Ke Huy Wan and Hong Chau all picking up nominations.

But who are the frontrunners to pick up an award on the night? Here’s everything you need to know.

What film is favourite to win Best Picture at the Oscars 2023?

Ten films were nominated for Best Picture at the 2023 Academy Award ceremony. Those films were Top Gun: Maverick, Elvis, The Fabelmans, All Quiet On The Western Front, Triangle of Sadness, Women Talking, The Banshees of Inisherin, Everything Everywhere All At Once, Avatar: The Way of Water and Tár.

Currently, the bookies favourite to take home the most important statue of the evening is Everything Everywhere All At Once. The film recently won the Golden Globe for Best Motion Picture - Musical or Comedy, upping its odds of taking home the Oscar.

However, it faces tough competition in the category. The Banshees of Inisherin and The Fabelmans could provide an upset at the ceremony.

Historically, the Critics Choice Awards are seen to be the most reliable predictor of the Oscar winners. Everything Everywhere All At Once took home the Best Picture at the ceremont earlier this month.

Who is favourite to win Best Actress at the Oscars 2023?

Current bookies favourite to win Best Actress at the Oscars 2023 is Cate Blanchett for her role in Tár. In the film, she plays fictional composer Lydia Tár.

Other nominees in the category include Michelle Yeoh for Everything Everywhere All At Once, Ana De Armas for Blonde, Michelle Williams for The Fabelmans and Andrea Riseborough for To Leslie.

While nominees such as Andrea Riseborough may be have an outside chance of winning, the race between Cate Blanchett and Michelle Yeoh has remained close throughout awards season. Blanchett snatched the Critics Choice Award, meaning that she may be just pipping Yeoh as favourite at the moment.

Who is favourite to win Best Actor at the Oscars 2023?

Brendan Fraser has been wowing audiences with his groundbreaking, comeback performance in The Whale. The actor disappeared from Hollywood for many years, and has now made sure that the critics are sitting up and taking note of his performance.

He is currently favourite to take hom the Best Actor statuette on 12 March. However, other nominees such as Colin Farrell and Austin Butler could swipe the accolade out from under his feet.

First time nominees Paul Mescal and Bill Nighy face an outside chance of picking up the statue. However, stranger things have happened at the famed ceremony...